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:
Behavioural biases unpacked - Episode 10 | Season 1
Trailer for Episode 10 - Behavioural biases unpacked
Anchoring Bias - Episode 9 | Season 1
Trailer for Episode 9 - Anchoring Bias
The Framing Effect - Episode 8 | Season 1
Trailer for Episode 8 - The Framing Effect
Confirmation Bias - Episode 7 | Season 1
Trailer for Episode 7 - Confirmation Bias
Overconfidence Bias - Episode 6 | Season 1
Trailer for Episode 6 - Overconfidence bias
System 1 and System 2 - Episode 5 | Season 1
Trailer for Episode 5 - System 1 and System 2
Have a plan - Episode 4 | Season 1
Trailer for Episode 4 - Have a plan
Managing debt - Episode 3 | Season 1
Trailer for Episode 3 - Managing debt
Financial Literacy - Episode 2 | Season 1
Trailer for Episode 2 - Financial literacy
Welcome to the Nudging Financial Behaviour Podcast - Episode 1 | Season 1
Trailer for Episode 1 - Welcome to Nudging Financial Behaviour
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