Dr. Bryan Foltice Behavioral Finance Podcast

Dr. Bryan Foltice
  • 5.0 (7)
  • Self-Improvement
  • Updated Weekly

Welcome to the Bryan Foltice Behavioral Finance Podcast, where we dive deep into the fascinating intersection of financial decision-making and human behavior. Your host, Dr. Bryan Foltice, aims to embark on this journey with you to explore the quirks, biases, and psychological factors that shape our financial choices. From understanding why we buy high and sell low, to uncovering the emotional drivers behind our investment strategies, each episode will uncover valuable insights to help you navigate the complex world of finance with clarity and confidence. So, please join us as we unravel the mysteries of personal and behavioral finance and unlock the secrets to making smarter, more informed decisions with your money.

  1. 1d ago ·  Video

    Q&A Time: The Latte Effect, Travel Sports Costs, SpaceX Valuation & Sports Hats

    Question, Comment? Send it Here! In this Q&A episode, we explore four listener questions with Bryan Foltice, starting with whether he teaches the “latte effect,” where he explains he focuses more on big financial decisions like housing and car ownership while still discussing how people often underestimate spending on eating out and DoorDash and how emotional spending can add up.  We then discuss the realities of youth travel sports, including escalating travel demands, “stay-to-play” tournaments, and the significant annual costs families face.  Third, we cover why Bryan has not invested in SpaceX, emphasizing that a great company can still be a poor buy if the valuation is too high and future growth is already priced in.  Finally, we explain Bryan’s hat choices, tied to stadium visits and longstanding sports allegiances rooted in Detroit and German soccer. 00:00 Welcome and Setup 00:33 Latte Effect Debate 04:04 Tracking Spending Habits 05:18 Travel Sports Money Trap 10:55 SpaceX Valuation Check 13:54 Why I Wear Hats 17:16 Final Thoughts and Outro Support the show Subscribe to our Behavioral Finance Newsletter: https://www.moneystrong.net/behavioral-newsletter Bryan Foltice Personal Website - www.bryanfoltice.com Money Strong Website - www.moneystrong.net Instagram - www.instagram.com/dr.bryanfoltice Linkedin - https://www.linkedin.com/in/bryanfoltice Disclaimer: www.bryanfoltice.com/cv

  2. Sep 4 ·  Video

    Behavioral-Based Financial Education: It's Way Easier Than You Think

    Question, Comment? Send it Here! Behavioral-Based Financial Education: Bryan Foltice’s 6-Week One-Credit Class That Changes Money Habits In this episode of the Bryan Foltice Behavioral Finance Podcast, we explore the practical, behavioral-based interventions behind the encouraging results from Bryan’s one-credit and three-credit personal finance classes. We discuss how the one-credit course is structured into six weekly meetings that move quickly from personal money memories and mindset-setting to paychecks (taxes, insurance, and employer retirement match), then into monthly financial planning, expense reflection, and either student-loan payoff strategies (snowball vs. avalanche) or net worth tracking and SMART goals. We also cover a high-level, engaging introduction to investing, risk/reward, diversification, and retirement planning using simple asset-allocation rules and ETFs, ending with a “Foltice Lifetime Guarantee” to support students as lifelong financial learners. 00:00 Podcast Welcome 00:26 Why Behavioral Education Works 02:23 Course Structure Overview 03:52 Money Memories Mindset 07:03 Paychecks Taxes Reality 10:33 Build Your Monthly Plan 14:25 Debt Payoff Or Net Worth 17:10 Investing Risk Reward Basics 18:43 Retirement Plan Asset Mix 23:08 Commencement Lifetime Guarantee 24:49 Keep It Simple Repeat 26:20 Wrap Up And Next Steps 27:05 Outro Subscribe Support the show Subscribe to our Behavioral Finance Newsletter: https://www.moneystrong.net/behavioral-newsletter Bryan Foltice Personal Website - www.bryanfoltice.com Money Strong Website - www.moneystrong.net Instagram - www.instagram.com/dr.bryanfoltice Linkedin - https://www.linkedin.com/in/bryanfoltice Disclaimer: www.bryanfoltice.com/cv

  3. Aug 28 ·  Video

    Teaching Personal Finance: Less Equals More?!?!

    Question, Comment? Send it Here! 1-Credit vs 3-Credit Personal Finance: What Actually Changes Student Behavior? | Bryan Foltice In this episode of the Bryan Foltice Behavioral Finance Podcast, we explore post-class survey results comparing a one-credit Financial Well-Being course with a three-credit Personal Finance course at Butler, using 102 student responses across business/non-business majors and online vs face-to-face formats.  We discuss high engagement and applicability in both courses, strong increases in preparedness, and widespread intent to change financial behaviors immediately (84% in the one-credit course vs 80% in the three-credit course), along with a surprising edge in reported confidence for the one-credit course (62% vs 48%). We examine why “less may be more,” emphasizing stripped-down, actionable, behavior-based teaching over information-heavy financial literacy, noting research that knowledge alone rarely shifts behavior, and we reflect on improving course design, especially making the three-credit class more engaging and practical. 00:00 Podcast Welcome 00:26 New Course Experiment 03:01 Survey Goals 04:30 Who Took The Classes 05:38 Engagement To Behavior 07:33 Confidence Surprise 09:05 Major Differences 10:23 Online Class Results 11:33 Why Less Is More 13:39 Behavioral Finance Evidence 17:22 Improving The Curriculum 20:05 Final Takeaways 21:32 Outro And Subscribe Support the show Subscribe to our Behavioral Finance Newsletter: https://www.moneystrong.net/behavioral-newsletter Bryan Foltice Personal Website - www.bryanfoltice.com Money Strong Website - www.moneystrong.net Instagram - www.instagram.com/dr.bryanfoltice Linkedin - https://www.linkedin.com/in/bryanfoltice Disclaimer: www.bryanfoltice.com/cv

  4. Aug 21 ·  Video

    Algorithm Aversion: Fear of the Flawed Machine

    Question, Comment? Send it Here! Using AI Effectively: Pairing the Machine With Your Own Brainpower In this episode, Bryan Foltice explores how AI can be used really effectively only when it’s coupled with our own brain power. We discuss how conversations about AI often lead back to this core idea, and why it helps to name and formalize a continuum for where we and others fall in our attitudes toward AI. We explore the value of understanding prior research on these perspectives, building awareness of where others might be—like blind rejection—and how we can help move toward a more skeptical, exploratory stance that still involves dipping a toe into using the technology. 00:00 AI Needs Brainpower 00:39 Mapping Adoption Spectrum 00:46 From Rejection to Skepticism 00:59 Putting AI to Work 01:01 Closing Thoughts Support the show Subscribe to our Behavioral Finance Newsletter: https://www.moneystrong.net/behavioral-newsletter Bryan Foltice Personal Website - www.bryanfoltice.com Money Strong Website - www.moneystrong.net Instagram - www.instagram.com/dr.bryanfoltice Linkedin - https://www.linkedin.com/in/bryanfoltice Disclaimer: www.bryanfoltice.com/cv

  5. Aug 14 ·  Video

    Automation Bias: The Brain’s Trust in Technology

    Question, Comment? Send it Here! Automation Bias in Investing: When to Trust (and Challenge) AI | Bryan Foltice Behavioral Finance Podcast In this episode of the Bryan Foltice Behavioral Finance Podcast, we explore automation bias—the tendency to use technology as a mental shortcut in place of vigilant information seeking and processing—using examples like GPS routes and copying ChatGPT answers without thinking. We discuss early research from the 1990s on pilots and automated aircraft, outlining two error types: omission errors (failing to act when automation misses a problem) and commission errors (following a bad automated recommendation despite contradictory information). We connect automation bias to Type 1 vs. Type 2 thinking, arguing that as tasks become more complex and consequences rise—especially in investing, retirement, tax, and estate planning—we need a middle ground: use AI’s benefits while actively verifying, prompting, and challenging outputs. We close by previewing next episode’s topic: algorithm aversion. 00:00 Podcast Welcome 00:26 Automation Bias Defined 02:19 Origins in Aviation 03:47 Omission vs Commission 05:39 Why We Love Automation 08:04 GPS Jog Gone Wrong 11:35 Type Two Thinking Trigger 13:07 Finding the AI Middle Ground 16:08 Prompting and Staying Critical 17:57 Algorithm Aversion Teaser 19:37 Wrap Up and Next Episode Support the show Subscribe to our Behavioral Finance Newsletter: https://www.moneystrong.net/behavioral-newsletter Bryan Foltice Personal Website - www.bryanfoltice.com Money Strong Website - www.moneystrong.net Instagram - www.instagram.com/dr.bryanfoltice Linkedin - https://www.linkedin.com/in/bryanfoltice Disclaimer: www.bryanfoltice.com/cv

  6. Aug 7 ·  Video

    Specialization vs. Diversification: The Investment Dilemma

    Question, Comment? Send it Here! In this episode, we continue the discussion on the diversification heuristic, noting people are naturally good at diversifying but can mistakenly believe they’re diversified when holdings overlap.  We explores when it might make sense not to diversify, inspired by millionaire profiles that often focus heavily on one area such as real estate, which can be risky when leverage is involved.  Here we propose a framework: Diversify when you’re uncertain, but consider concentrating when you have special knowledge within a “circle of competence,” echoing Warren Buffett’s view that diversification protects against ignorance.  The challenge is knowing whether you’re truly specialized, since people are poor judges of their abilities due to overconfidence and the Dunning-Kruger effect. We outline Dunning-Kruger’s four stages and suggests using feedback and time/experience to better gauge competence before concentrating. Support the show Subscribe to our Behavioral Finance Newsletter: https://www.moneystrong.net/behavioral-newsletter Bryan Foltice Personal Website - www.bryanfoltice.com Money Strong Website - www.moneystrong.net Instagram - www.instagram.com/dr.bryanfoltice Linkedin - https://www.linkedin.com/in/bryanfoltice Disclaimer: www.bryanfoltice.com/cv

  7. Jul 31 ·  Video

    From Potluck to Portfolio: Understanding Our Diversification Heuristic and Mastering Our Decision Making

    Question, Comment? Send it Here! In this episode, Dr. Bryan Foltice explains the diversification heuristic as a mental shortcut that often leads to smarter choices but can backfire in the wrong context.  Using a buffet example and evolutionary reasoning, he shows how people naturally try a little of everything to avoid regret.  He reviews research on sequential versus simultaneous choice: Simonson (1990) found far more variety when people choose for multiple weeks at once, and Read & Loewenstein (1999) showed children diversify more when choosing two candies together.  In finance, Benartzi & Thaler (2001) and TIAA-CREF data illustrate “1/N” allocation, including Markowitz’s regret-minimizing 50/50 stock-bond split, which can ignore true risk tolerance.  Foltice highlights pitfalls like overlapping funds (SPY vs. VOO), buying unfamiliar assets (e.g., crypto) for “diversification,” and over-diversifying time, concluding that awareness helps clients and individuals apply diversification appropriately. Support the show Subscribe to our Behavioral Finance Newsletter: https://www.moneystrong.net/behavioral-newsletter Bryan Foltice Personal Website - www.bryanfoltice.com Money Strong Website - www.moneystrong.net Instagram - www.instagram.com/dr.bryanfoltice Linkedin - https://www.linkedin.com/in/bryanfoltice Disclaimer: www.bryanfoltice.com/cv

  8. Jul 24

    The Psychology Behind Trading Cards - One Card, Three Different Motivations

    Question, Comment? Send it Here! In this episode, Dr. Bryan Foltice introduces behavioral finance using a trading-card example where three people buy the same $500 Patrick Mahomes card but act differently:  One sells it back to buy unopened boxes (the gambler), One files it into a personal collection (the collector), and one lists it for profit (the investor/flipper).  He traces how trading cards evolved from childhood collectibles to the mass-produced “Junk Wax Era,” then surged again during the pandemic, with the industry reportedly at $50 billion in 2026 and projected to reach $90 billion.  Foltice explains key behavioral concepts behind each type—overconfidence, availability bias, and variable rewards for gamblers; nostalgia, endowment effect, and identity for collectors; and mispricing, grading dynamics, herding, recency bias, and overconfidence for investors—arguing that identical assets can serve different psychological utilities. Support the show Subscribe to our Behavioral Finance Newsletter: https://www.moneystrong.net/behavioral-newsletter Bryan Foltice Personal Website - www.bryanfoltice.com Money Strong Website - www.moneystrong.net Instagram - www.instagram.com/dr.bryanfoltice Linkedin - https://www.linkedin.com/in/bryanfoltice Disclaimer: www.bryanfoltice.com/cv

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Ratings & Reviews

5
out of 5
7 Ratings

About

Welcome to the Bryan Foltice Behavioral Finance Podcast, where we dive deep into the fascinating intersection of financial decision-making and human behavior. Your host, Dr. Bryan Foltice, aims to embark on this journey with you to explore the quirks, biases, and psychological factors that shape our financial choices. From understanding why we buy high and sell low, to uncovering the emotional drivers behind our investment strategies, each episode will uncover valuable insights to help you navigate the complex world of finance with clarity and confidence. So, please join us as we unravel the mysteries of personal and behavioral finance and unlock the secrets to making smarter, more informed decisions with your money.

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