Behavioral economics is all about determining the psychological, emotional, cognitive, and social factors that influence our economic decisions.
How do these factors influence how much money you’ll save every month or the likelihood that you’ll enroll in a 401(k)? By understanding behavioral economics, we can become more conscientious of why we make the decisions we do. Only then can we consider changing our behaviors.
Listen in as Joe Biondolillo discusses how we can use our knowledge of behavioral economics to make better financial decisions.
References:
BiondFinancial |Improving decisions about wealth, health and happiness–Richard Thaler Nudge | Unshakeable: Your Financial Freedom Playbook by Tony Robbins | The Millionaire Next Door: The Surprising Secrets of America's Wealthy Paperback by Thomas J. Stanley Ph.D.
Disclosure:
Joseph Biondilillo, Financial Representative of The Guardian Life Insurance Company of America (guardian). New York, NY, BiondFinancial/Biondilillo Financial Group, LLC, is not an affiliate or subsidiary of Guardian. Guardian, its subsidiaries, agents, and employees do not provide tax, legal or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. 2019-78000 Exp. 4/21
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