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Episode 8: Biases and Heuristics Part 1
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İçerik Dr. Bryan Foltice tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Dr. Bryan Foltice veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.
In this episode, we begin our exploration into various heuristics and biases. We dive into type 1 thinking and explore the pros and cons of our mental shortcuts.
00:00 Introduction
07:40 Background on Biases and Heuristics
08:30 Processing Constraints - Confirmation Bias and Cognitive Dissonance
16:49 3 Perception Issues: Halo Effect, Primacy Effect, Recency Effect
23:29 Heuristics Defined "Thinking Fast and Slow"
24:04 Two Types of Thinking - Type 1 (Automatic, non-cognitive)
28:00 Self Preservation Heuristics
28:36 Diversification Heuristics
30:28 Ambiguity Aversion
38:48 Law of Small Numbers (myopia or short-sightedness)
44:15 Type 2 Thinking (Cognitive and Requires Effort)
I hope you enjoy the content and learn all about the topic of Behavioral Finance. I've set up the first few podcasts as mini lectures of my Behavioral Finance course that I teach at Butler University each semester. The goal of this podcast is to provide a comprehensive look into the topic of Behavioral Finance - for free!
#behavioralfinance #psychologyofmoney #financialdecisions
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Disclaimer: www.bryanfoltice.com/cv
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