Your Retirement Elevated Podcast with Scott Dougan
Business:Investing
Today’s show is a fun one. Bias is one of our favorite topics, and cognitive bias is fascinating, especially as it relates to money. Find out what these biases are and how to implement more rational thinking into your life.
Article discussed today: https://www.visualcapitalist.com/50-cognitive-biases-in-the-modern-world/
Read more and get additional financial resources here: http://listentoscott.com
What we discuss in this episode:
1:38 – Bias is a favorite topic
3:50 – Dunning-Kruger effect
6:19 - Anchoring
8:16 – Google effect
12:55 – Zero-risk bias
13:37 – Ikea effect
16:21 – Blind spot bias
Income Personalities – Probability vs. Safety-First
The Four Stages of Retirement
Peanut Butter and Expense Planning
What are the Pros and Cons of I Bonds?
5 Questions To Determine If Your Financial Plan Needs Further Review
The Marshmallow Experiment: The Role of Delayed Gratification In Financial Success
Why is the Market Going Down?
Murky Issues That Make Retirement Planning Harder
Home Run Retirement: How Baseball Principles Also Score Financial Runs
Worried About Bad News? Remember, This Too Shall Pass
What’s the Most Important Part of Retirement Planning?
Planning for Things You Can’t Predict
How Much is Your Money Bias Costing You?
The State of the Markets in 2022
5 Signs You’re In Good Financial Health
22 Money Resolutions For 2022
What is a Fiduciary and Why Do You Need One?
What to Know About End-of-Year Taxes
Time is Undefeated
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