Availability bias is all about how we are influenced by information that is readily available, and how we often don’t do enough research before making decisions. In episode 6 of The Nudging Financial Behaviour Podcast, we’re breaking down this bias and taking a look at just how big an impact it can have when we aren’t focusing on the bigger picture or doing the right research.
Our guest for the episode is professor Hersh Shefrin – a legend and pioneer in the field of behavioural finance. It’s an honour to have him on the podcast, and the stories he has to tell are fascinating! Of course, we had to also chat about his book: Beyond Greed and Fear.
Useful links:
More about Professor Hersh Shefrin:
The Psychology of Human Misjudgement by Charlie Munger - https://www.youtube.com/watch?v=zNxsAhc6sk8
More on Rolf Dobelli:
Be sure to like this episode and hit the subscribe button to get notified when the next episode drops.
You can also read more on my blog: https://www.nudgingfinancialbehaviour.com/availability-bias-fear-and-hope/
Or watch to the video version of this podcast episode: https://youtu.be/1Od5D1vqbas
Special thanks to everyone who has helped put this series together:
Better Financial Decisions - Episode 10 | Season2
Trailer for Episode 10 – Better Financial Decisions
Diversification - Episode 9 | Season2
Trailer for Episode 9 – Diversification
Home Bias - Episode 8 | Season2
Trailer for Episode 8 – Home Bias
Primacy and Recency Effects - Episode 7 | Season2
Trailer for Episode 7 – Primacy and Recency Effects
Trailer for Episode 6 – Availability Bias
Impression Management - Episode 5 | Season2
Trailer for Episode 5 – Impression Management
The Disposition Effect - Episode 4 | Season2
Trailer for Episode 4 – The Disposition Effect
Navigating uncertainty - Episode 3 | Season2
Trailer for Episode 3 – Navigating uncertainty
Loss aversion - Episode 2 | Season2
Trailer for Episode 2 – Loss aversion
Risk tolerance - Episode 1 | Season2
Trailer for Episode 1 – Risk tolerance
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