Money Traps: 7 Manipulation Tactics Aimed at Your Wallet - [Cognitive Biases pt.2] Growth Mindset: Psychology of self-improvement
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- Selbstverwirklichung
Manipulation tactics that work - Irrational behaviours that don't - Prediction Fallacies we fall for.
In this episode, we dive further into our series on cognitive biases and how they cloud our judgment.
Studying applied psychology we can learn how we get manipulated by companies and start to protect ourselves from our own irrationality.
Take homes:
How to protect ourselves against pricing tactics
Reduce irrational decisions
Build awareness of the truth
Reduce unpleasant surprises
Make better investments
Further reading:
Thinking Fast and Slow - Daniel Kahneman - UK Book - US Book
Predictably Irrational - Dan Ariely - UK Book - US Book
If you enjoy this episode it's part of a series on cognitive biases worth checking out:
Ego Blindspots: 9 Cognitive Biases to Avoid - [May 7th]
[You are here] - Money Traps
Sponsor - Cozy Earth
Luxury Bamboo sheets and Loungeware that become softer the more you use them.
35% off code 'GROWTH' - CozyEarth.com
Sponsor - LinkedIn Jobs
Promote your job for free to over 1 billion professionals.
LinkedIn.com/Growth
Discussed links
Trump given 1% chance of Nominate - 2015 report
Forbes - Any Monkey Can Beat the Market
Growth Mindset pod
Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.
Success and happiness is a state of mind unique to ourselves and is our responsibility to create.
Watch the pod - YouTube (Growth Mindset)
Mail - GrowthMindsetPodcast(at)gmail.com
Insta - SamJam.zen
Chapters
00:00 SECTION - Framing effects
00:01 #1 Anchoring Bias
02:54 The Opposite Strategy
04:59 #2 Framing Effect
08:06 #3 Decoy Effect
10:45 SECTION - Irrational
10:47 #4 Gambler's Fallacy
16:45 #5 Sunk Cost Fallacy
19:21 SECTION - Bad Prediction Flaws
19:55 #6 Overconfidence Bias
21:30 #7 Information Bias
25:34 Send Off
Learn more about your ad choices. Visit podcastchoices.com/adchoices
Manipulation tactics that work - Irrational behaviours that don't - Prediction Fallacies we fall for.
In this episode, we dive further into our series on cognitive biases and how they cloud our judgment.
Studying applied psychology we can learn how we get manipulated by companies and start to protect ourselves from our own irrationality.
Take homes:
How to protect ourselves against pricing tactics
Reduce irrational decisions
Build awareness of the truth
Reduce unpleasant surprises
Make better investments
Further reading:
Thinking Fast and Slow - Daniel Kahneman - UK Book - US Book
Predictably Irrational - Dan Ariely - UK Book - US Book
If you enjoy this episode it's part of a series on cognitive biases worth checking out:
Ego Blindspots: 9 Cognitive Biases to Avoid - [May 7th]
[You are here] - Money Traps
Sponsor - Cozy Earth
Luxury Bamboo sheets and Loungeware that become softer the more you use them.
35% off code 'GROWTH' - CozyEarth.com
Sponsor - LinkedIn Jobs
Promote your job for free to over 1 billion professionals.
LinkedIn.com/Growth
Discussed links
Trump given 1% chance of Nominate - 2015 report
Forbes - Any Monkey Can Beat the Market
Growth Mindset pod
Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.
Success and happiness is a state of mind unique to ourselves and is our responsibility to create.
Watch the pod - YouTube (Growth Mindset)
Mail - GrowthMindsetPodcast(at)gmail.com
Insta - SamJam.zen
Chapters
00:00 SECTION - Framing effects
00:01 #1 Anchoring Bias
02:54 The Opposite Strategy
04:59 #2 Framing Effect
08:06 #3 Decoy Effect
10:45 SECTION - Irrational
10:47 #4 Gambler's Fallacy
16:45 #5 Sunk Cost Fallacy
19:21 SECTION - Bad Prediction Flaws
19:55 #6 Overconfidence Bias
21:30 #7 Information Bias
25:34 Send Off
Learn more about your ad choices. Visit podcastchoices.com/adchoices
31 Min.