8 min listen
Dr. Steve Wendel - Designing for Behavior Change
Dr. Steve Wendel - Designing for Behavior Change
ratings:
Length:
38 minutes
Released:
Oct 7, 2021
Format:
Podcast episode
Description
Tune in to hear:- Morningstar recently conducted an in-depth study on the financial biases that people bring to the table. What are the real world, fiscal impacts of these biases?- In the study, were they able to quantify a percentage or a dollar amount difference between biased and unbiased folks?- 2% of people in their study showed no evidence of bias - are their really people out there that are almost completely bias free, or was this an anomaly in the study?- There was only one bias that showed a significant skew for a certain demographic - which one was it and why might this be the case?- In most studies men show up as overconfident with financial decisions, when compared to women - why didn’t this play out so dramatically in the Morningstar research?- Did Steve’s team’s study look at lose aversion at all?- What are the 6 facets of the “Create” model that Steve created as a sort scaffolding for guiding client behavior.- If we have a client with a history of traumatic or bad financial experiences, how can we help them envision different outcomes and possibilities?- How can behavioral science be used to improve one’s religious or spiritual practice?- What does the research show about the benefits of having a personal spiritual practice and what might this look like for different people?Web: behavioraltechnology.coCompliance Code: 2537-OAS-9/28/2021
Released:
Oct 7, 2021
Format:
Podcast episode
Titles in the series (100)
The Time Will Never Be Right: Our brains are designed to privilege safety and certainty over happiness and growth. Understanding this simple truth, we begin to realize that the time will never be perfect to do the thing we've always dreamed of and learn to press forward in spite of our fears. by Standard Deviations with Dr. Daniel Crosby