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Human Nature Vs. Money: Battling Irrationality & Thinking Traps [#2 Cognitive Biases]

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Manage episode 419037704 series 2526899
Content provided by Sam Webster Harris and Growth Mindset Psychology. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sam Webster Harris and Growth Mindset Psychology or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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 judgment.

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 the truth
  • Reduce unpleasant surprises
  • Make better investments

Further reading:

Further Listening

Enjoyed this episode? Check out the rest of the Cognitive Ciases series:

  1. Ego Blindspots: 9 Cognitive Biases to Avoid - [May 7th]
  2. [YOU ARE HERE] - Human Nature vs. Money
  3. Confirmation Bias and the 7 Sins of Lazy Thinking - [June 4th]
  4. Reality Distortion and the 7 Illusions of Perception Impact Everyone - [June 18th]
  5. Cognitive Rigidity and How Einstein Overcame the 5 Biases that Keep Us Stuck - [June 19th]
  6. Thinking Fast and Slow: How to Make Better Decisions - [July 12th]

Sponsor - Cozy Earth

Luxury Bamboo sheets and Loungeware that become softer the more you use them.

35% off code 'GROWTH' - CozyEarth.com

Sponsor - LinkedIn Jobs

Promote your job for free to over 1 billion professionals.

LinkedIn.com/Growth

Discussed links

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.

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

Learn more about your ad choices. Visit podcastchoices.com/adchoices

  continue reading

370 episodes

Artwork
iconShare
 
Manage episode 419037704 series 2526899
Content provided by Sam Webster Harris and Growth Mindset Psychology. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sam Webster Harris and Growth Mindset Psychology or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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 judgment.

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 the truth
  • Reduce unpleasant surprises
  • Make better investments

Further reading:

Further Listening

Enjoyed this episode? Check out the rest of the Cognitive Ciases series:

  1. Ego Blindspots: 9 Cognitive Biases to Avoid - [May 7th]
  2. [YOU ARE HERE] - Human Nature vs. Money
  3. Confirmation Bias and the 7 Sins of Lazy Thinking - [June 4th]
  4. Reality Distortion and the 7 Illusions of Perception Impact Everyone - [June 18th]
  5. Cognitive Rigidity and How Einstein Overcame the 5 Biases that Keep Us Stuck - [June 19th]
  6. Thinking Fast and Slow: How to Make Better Decisions - [July 12th]

Sponsor - Cozy Earth

Luxury Bamboo sheets and Loungeware that become softer the more you use them.

35% off code 'GROWTH' - CozyEarth.com

Sponsor - LinkedIn Jobs

Promote your job for free to over 1 billion professionals.

LinkedIn.com/Growth

Discussed links

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.

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

Learn more about your ad choices. Visit podcastchoices.com/adchoices

  continue reading

370 episodes

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