The Psychology of Money: Why Smart People Make Dumb Financial Decisions
Launchpod Studio
8 episodes
2 weeks ago
A deep exploration into the psychological factors and cognitive biases that influence our financial decision-making. Through historical examples, behavioral research, and real-world case studies, this series examines why even intelligent individuals often make irrational money choices and how to overcome these inherent biases.
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A deep exploration into the psychological factors and cognitive biases that influence our financial decision-making. Through historical examples, behavioral research, and real-world case studies, this series examines why even intelligent individuals often make irrational money choices and how to overcome these inherent biases.
The Dunning-Kruger Effect in Investment: Why Overconfidence Kills Returns
The Psychology of Money: Why Smart People Make Dumb Financial Decisions
12 minutes
1 year ago
The Dunning-Kruger Effect in Investment: Why Overconfidence Kills Returns
Delving into the dangerous intersection of overconfidence and investing, this episode examines how the Dunning-Kruger effect leads investors to overestimate their abilities. Through analysis of day trading statistics and amateur investor behavior during market bubbles, we uncover why minimal knowledge often breeds maximum confidence. The episode presents compelling research on how professional fund managers frequently underperform against simple index funds due to overconfidence bias.
The Psychology of Money: Why Smart People Make Dumb Financial Decisions
A deep exploration into the psychological factors and cognitive biases that influence our financial decision-making. Through historical examples, behavioral research, and real-world case studies, this series examines why even intelligent individuals often make irrational money choices and how to overcome these inherent biases.
