Home bias is just what it sounds like – you prefer to choose things that are closer to home. For investing, this can mean that you have too many assets in your portfolio that are linked to the country you’re living in or the company you work for – and this can lead to major problems.
One of Gizelle’s former PHD students, Shreeya Jugnandan, is our guest for this episode. Shreeya actually unpacked Home Bias for her thesis. She found some interesting stats when looking at how South African’s invest and the disconnect between where they want to live vs where they want to invest their money. She also developed a and has a practical model to help us combat behavioural biases in your investing decisions.
Useful links:
More about Dr Shreeya Jugnandan:
The Causal Impact of Media in Financial Markets - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1462416
More on the collapse of Silicon Valley Bank:
More on the two studies Shreeya mentions:
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/mitigating-bias/
Or watch to the video version of this podcast episode: https://youtu.be/AVkqODKbfE8
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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