Value drives our lives! Your brains response to value & investing lives: #2 Mental Models Podcast It's not a brain in a jar, that's the gist!
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- Business
Value runs deeply within your brain. The brain’s reward systems respond to primary incentives, but the story does not end there. People amplify the value of objects and experiences to a dramatic degree through our shared perceptions. Investing is guided by both ground truth value and our extended mental models of the situation. The social narrative can amplify value, as is the case of Warren Buffet’s signed ukulele selling for upwards of $10,000. Human perception drives the value of art, memories, family, and even preserving your DNA. The value placed on earning more money can be prolific, for example many star investors have much more money than they could ever need, yet the pervasive drive to acquire more leads to the very very hungry man with the very small mouth, that can never get enough. We want more and we can be envious of others. Values drive humans to become highly motivated primates! BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels
Behavioral finance advice Visit mentalmodelspodcast.com for more insights.
This book will help you overcome the biases that are keeping you from investment success!
Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of Mental models Podcast.
Published by Business Expert Press
Behavioral Finance Book AVAILABLE NOW ON AMAZON http://amzn.to/2XHtsOE
Do you want strategies to make better financial decisions?
Do you need a translational guide to Thinking Fast and Slow?
Do you want to be a better investor and earn more money?
If you said yes to any or all of the above questions then this book is for you!
#understandingBehavioralbias
Value runs deeply within your brain. The brain’s reward systems respond to primary incentives, but the story does not end there. People amplify the value of objects and experiences to a dramatic degree through our shared perceptions. Investing is guided by both ground truth value and our extended mental models of the situation. The social narrative can amplify value, as is the case of Warren Buffet’s signed ukulele selling for upwards of $10,000. Human perception drives the value of art, memories, family, and even preserving your DNA. The value placed on earning more money can be prolific, for example many star investors have much more money than they could ever need, yet the pervasive drive to acquire more leads to the very very hungry man with the very small mouth, that can never get enough. We want more and we can be envious of others. Values drive humans to become highly motivated primates! BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels
Behavioral finance advice Visit mentalmodelspodcast.com for more insights.
This book will help you overcome the biases that are keeping you from investment success!
Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of Mental models Podcast.
Published by Business Expert Press
Behavioral Finance Book AVAILABLE NOW ON AMAZON http://amzn.to/2XHtsOE
Do you want strategies to make better financial decisions?
Do you need a translational guide to Thinking Fast and Slow?
Do you want to be a better investor and earn more money?
If you said yes to any or all of the above questions then this book is for you!
#understandingBehavioralbias
20 min