Behavior Science driven by psychology, factoring long view from short Myopic view. Valuing the long view in hindsight using all good ideas and information leads to greater rewards for a long term. Social Economics drives the markets in most cases, thank you very much Daniel Kahneman.
Namaste Discretionary spending can be controlled easily as these are based on our likes Hence we can start by dividing expense into three categories a) Fixed b) Variable c) Discretionary
My brain circuit stuck on delay gratification so didn't adapt fast enough to market conditions, I've since changed that irrational behavioral characteristics.
25:34 "All of us are affected by all of these [biases]" That statement is part of the usual storytelling on cognitive biases but it is empirically wrong. When biases are measured at the individual level, it appears that people are exposed to them to varying degrees.
I am amazed how few views this video has. To me this explains a lot about the retail investor's interest in becoming better.
Love that a non-economist won the Nobel in Economics. There's a lesson there!
¹
Yes, you nailed it, there is a lesson there, that economics is behavioral...all behavior right up to the stock market@@geetanjalibahuguna6431
Or a person who dropped out of physics winning in 2024
Behavior Science driven by psychology, factoring long view from short Myopic view. Valuing the long view in hindsight using all good ideas and information leads to greater rewards for a long term. Social Economics drives the markets in most cases, thank you very much Daniel Kahneman.
27:08-27:30 best message in the entire speech
So inspiring! Describes human nature in such a clean way 👏
He's really just describing markets in general.
Namaste
Discretionary spending can be controlled easily as these are based on our likes
Hence we can start by dividing expense into three categories a) Fixed b) Variable c) Discretionary
My brain circuit stuck on delay gratification so didn't adapt fast enough to market conditions, I've since changed that irrational behavioral characteristics.
just great!
4:20 - Interesting how trading less makes investment more profitable (something Jack Bogle and Warren Buffet often talk about--stay the course)
Precise!!
25:34 "All of us are affected by all of these [biases]" That statement is part of the usual storytelling on cognitive biases but it is empirically wrong. When biases are measured at the individual level, it appears that people are exposed to them to varying degrees.
❤
A great approach.Nothing difference to what Lord Buddha has preached.in fact this is incomplete with all due respect....
Lewis Lisa Young Jason Jones Richard
DANIEL CON-EMAN needs to start glorifying short term memory and rationality and support intuition.
Why?
Do you won a Nobel to?
Irrational. Because lack of knowledge?
Human just follow the crowd 🤠🤠🤠🤠
Google topdoctor Yola education video