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RL221 — Financial Psychology: Biases That Impact Your Life
Manage episode 453667963 series 3197371
Kandungan disediakan oleh Roshan Loungani and Adrian and Roshan Loungani. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Roshan Loungani and Adrian and Roshan Loungani atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Retirement Lifestyle Show, hosts Roshan Loungani and Adrian Nicholson journey into the realm of financial psychology, exploring how various psychological concepts influence retirement planning and investing. They discuss the status quo bias, heuristics, analysis paralysis, mental accounting, the endowment affect, herd behavior, and narrative fallacy, providing insights and examples to help listeners understand the impact of these biases on their financial decisions. The conversation emphasizes the importance of self-awareness in managing finances and making informed investment choices.
Hashtags: financial psychology, retirement planning, investing, behavioral finance, decision making, status quo bias, heuristics, analysis paralysis, mental accounting, endowment affect, herd behavior, narrative fallacy
Chapters 00:00 Introduction to Financial Psychology 03:13 Understanding Status Quo Bias 05:58 Heuristics in Financial Decision Making 10:57 Analysis Paralysis: The Dangers of Overthinking 15:00 Mental Accounting and Its Implications 21:14 The Endowment EAect: Emotional Attachments in Finance 27:57 Herd Behavior in Investing 31:58 Narrative Fallacy: The Power of Compelling Stories
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https://www.linkedin.com/in/roshanloungani/
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All opinions expressed by podcast hosts and guests are solely their own. While based on information they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional
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