The Mind Money Spectrum Podcast

#17. How to take advantage of your lazy brain.

April 07, 2020 Aaron Agte and Trishul Patel Season 1 Episode 17
The Mind Money Spectrum Podcast
#17. How to take advantage of your lazy brain.
Chapters
The Mind Money Spectrum Podcast
#17. How to take advantage of your lazy brain.
Apr 07, 2020 Season 1 Episode 17
Aaron Agte and Trishul Patel

In this episode, Aaron and Trishul explore behavioral economics. They discuss a few biases and heuristics that attempt to explain why humans and societies don't operate with their best interests in mind. They provide specific examples of how individuals or organizations can take advantage of or exploit the brain's preference to be lazy. So once you understand how your mind works, how can you take control to nudge yourself in the right direction? Listen to the end to find out.

Episode References

Nudge by Thaler and Sunstein
Thinking, Fast and Slow by Kahneman
4 Tips for Using Nudge Theory in Your Learning
The Opt-Out Solution
The Impact of Legislation on Organ Donation
Streamlining and Nudging In Voter Registration
Can One Desire Too Much of a Good Thing?
Investing Forever - The World Is Full of Bad Drivers
Investing Forever - Recency Bias
Investing Forever - Primacy Bias
Investing Forever - Serial-Position Effect
Investing Forever - Amos Tversky and Daniel Kahneman
Investing Forever - Why Investment Mistakes Persist
Why Investment Mistakes Persist
Stanford Marshmallow Experiment
Coursera - Gamification

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Show Notes

In this episode, Aaron and Trishul explore behavioral economics. They discuss a few biases and heuristics that attempt to explain why humans and societies don't operate with their best interests in mind. They provide specific examples of how individuals or organizations can take advantage of or exploit the brain's preference to be lazy. So once you understand how your mind works, how can you take control to nudge yourself in the right direction? Listen to the end to find out.

Episode References

Nudge by Thaler and Sunstein
Thinking, Fast and Slow by Kahneman
4 Tips for Using Nudge Theory in Your Learning
The Opt-Out Solution
The Impact of Legislation on Organ Donation
Streamlining and Nudging In Voter Registration
Can One Desire Too Much of a Good Thing?
Investing Forever - The World Is Full of Bad Drivers
Investing Forever - Recency Bias
Investing Forever - Primacy Bias
Investing Forever - Serial-Position Effect
Investing Forever - Amos Tversky and Daniel Kahneman
Investing Forever - Why Investment Mistakes Persist
Why Investment Mistakes Persist
Stanford Marshmallow Experiment
Coursera - Gamification

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.