Money Traps: 7 Manipulation Tactics Aimed at Your Wallet - [Cognitive Biases pt.2‪]‬ Growth Mindset: Psychology of self-improvement

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 judgement.
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 truth

Reduce unpleasant surprises

Make better investments


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]


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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
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