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Money Strong Personal Finance Podcast
Welcome to the Money Strong Personal Finance Podcast, where we dive deep into the fascinating intersection of financial decision-making and human behavior.
Your host, Dr. Bryan Foltice, aims to embark on this journey with you to explore the quirks, biases, and psychological factors that shape our financial choices. From understanding why we buy high and sell low, to uncovering the emotional drivers behind our investment strategies, each episode will uncover valuable insights to help you navigate the complex world of finance with clarity and confidence.
So, please join us as we unravel the mysteries of personal and behavioral finance and unlock the secrets to making smarter, more informed decisions with your money.
Money Strong Personal Finance Podcast
Episode 35: Seeing Clearly: Understanding the Bias Blind Spot
Join Dr. Bryan Foltice in this episode of the Bryan Foltice Behavioral Finance Podcast as he dives into the concept of the bias blind spot. Discover how most of us perceive ourselves as less biased than others and the psychological mechanisms behind this phenomenon.
Dr. Foltice discusses the impact of this bias on decision-making and offers personal insights and examples of common biases in daily life. Additionally, get an exciting update on his new mini-course on behavioral finance. Tune in for a thought-provoking discussion aimed at increasing self-awareness and understanding in the realm of personal finance.
References: The Bias Blind Spot: Perceptions
of Bias in Self Versus Others - https://www.sakkyndig.com/psykologi/artvit/pronin2015.pdf
00:00 Introduction to the Podcast
00:29 Unveiling the Bias Blind Spot
02:54 Behavioral Finance Course Announcement
05:18 Understanding the Bias Blind Spot
10:06 Real-World Examples of Bias
18:08 Self-Serving Bias and Cognitive Dissonance
22:10 Overcoming Bias and Final Thoughts
Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net
Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/
Disclaimer: www.bryanfoltice.com/cv