We explore the forces likely to shape financial markets in 2026 and how to make better decisions as you pursue your goals this year. Topics covered include: Show Notes A Slightly Better You in the New Year by Roland Fryer—The Wall Street Journal Paying Not to Go to the Gym by Stefano DellaVigna and Ulrike Malmendier—American Economic Association Handbook of Cognitive Biases—Federal Intelligence Service FIS Employed full time: Median usual weekly real earnings: Wage … [Read more...]
27: What Is The Right Price?
The right price for something is dependent on our state of mind. Anchoring, mental accounts and other behavioral tricks we rely on when buying. In this episode, you'll learn: Why does it feel like you are overpaying when you pay $27.95 for a book.What is anchoring and mental accounting and why we find it easier to pay for a sit-down dinner versus a hardbound book.What makes us happier, buying things or buying experiences.Why we are willing to pay much more for unique … [Read more...]
