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Podcast: The WIN Podcast, Whatâs Important Now
Episode: Money Mind Tricks: How Biases Shape Your Financial Choices (EP. 64)
Description:
In this episode of WIN: Whatâs Important Now, we dive into the fascinating world of mental shortcuts, or âheuristics,â and how they shape our everyday decisionsâespecially when it comes to money. Have you ever bought something just because it was on sale or panicked over financial news? Youâre not alone! Weâll explore three common biasesâanchoring, availability, and representativenessâthat can lead us astray in both everyday shopping and personal finance.
From negotiating a salary to deciding when to invest, these mental tricks can influence our thinking in subtle but powerful ways. Weâll break down rela...