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Dr. Steve Wendel - Designing for Behavior Change

Dr. Steve Wendel - Designing for Behavior Change

FromStandard Deviations with Dr. Daniel Crosby


Dr. Steve Wendel - Designing for Behavior Change

FromStandard Deviations with Dr. Daniel Crosby

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 Standard Deviations podcast is a weekly production that looks at money, mind and meaning, all through a psychological lens. Each week, psychologist and New York Times bestselling author Dr. Daniel Crosby interviews a fascinating new guest, experts in everything from finance to literature to wellness. Each guest provides listeners with three concrete ways to apply what was learned that week, ensuring that weekly listening becomes part of a path to a richer life. Episodes are brief, research-based, and designed to fit perfectly within your commute time. So, tune in for practical news that will help you make more, think more and be more. Learn more by following Dr. Daniel @danielcrosby or visit the website at www.standarddeviationspod.com/ Standard Deviations is presented by Orion.