Neil Bage
Series 2, Episode 20: So What?
Over the last 19 episodes, we’ve discussed 18 behavioural biases that play their own role, in their own way, in how we all make decisions.
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Neil Bage
- 4 min
Series 2, Episode 19: Peak-End Rule
The Peak-End Rule is all about our memories being created by the most intense moments of an experience and the way that an experience ends.
Neil Bage
- 4 min
Series 2, Episode 18: Decoy Effect
The decoy effect is when we as consumers change our preference between two options when we are presented with a third option – the decoy.
Neil Bage
- 4 min
Series 2, Episode 17: Hindsight Bias
Behavioural scientists have shown that there are three levels when it comes to Hindsight Bias, that kind of stack on top of each other.
Neil Bage
- 4 min
Series 2, Episode 16: Availability Bias
We talked about the Availability Heuristic before. This is a more specific version of that.
Neil Bage
- 4 min
Series 2, Episode 15: The Sunk Cost Fallacy
Knowing when to cut your losses is more art than science. But making the decision to act, to do something, is a first major step...
Neil Bage
- 4 min
Series 2, Episode 14: The Illusion of Control
A big part of the success or failure in investing is beyond my control and in order to be a successful investor, I need to accept this.
Neil Bage
- 4 min
Series 2, Episode 13: Herding Bias
Herding bias will see us convincing ourselves that a course of action is the right one simply because everyone else is doing it.
Neil Bage
- 5 min
Series 2, Episode 12: Probability Neglect
Today we explore a behaviour that defies all odds and makes see the world around us in a way that isn't reflective of the world around us.
Neil Bage
- 4 min
Series 2, Episode 11: Attentional Bias
Even though we are talking about money in these podcasts, attentional bias is worth having a quick look at in relation to anxiety and addict
Neil Bage
- 4 min
Series 2, Episode 10: Mental Accounting
All money is the same, regardless of its origins, or its intended use. But because we’re prone to mental accounting, we can make snap decisi
Neil Bage
- 4 min
Series 2, Episode 9: Endowment Effect
Welcome back to the bitesize behaviour podcast. I have a question for you. Have you ever gone to sell something that you own, only to...
Neil Bage
- 4 min
Series 2, Episode 8: Dunning-Kruger Effect
The Dunning-Kruger effect is a behavioural bias, and in essence shows that people will believe they are smarter and more able than they actu
Neil Bage
- 3 min
Series 2, Episode 7: Present Bias
The battle between the present you and the future you is very real and takes place every single day.
Neil Bage
- 4 min
Series 2, Episode 6: Loss Aversion
Loss aversion is our tendency, our natural desire, to prefer avoiding a loss when compared with acquiring an equivalent gain.
Neil Bage
- 4 min
Series 2, Episode 5: Overconfidence
Most humans show signs of overconfidence, and this impacts the decisions they make. But underconfidence can be just as influential.
Neil Bage
- 4 min
Series 2, Episode 4: Anchoring Bias
The first piece of information we see can have a significant impact on the decision we end up taking. Think Black Friday/Cyber Monday.
Neil Bage
- 4 min
Series 2, Episode 3: Framing Bias
What's the difference between 80% fat free and contains 20% fat? There is no difference, yet the way they are framed guides our choice.
Neil Bage
- 4 min
Series 2, Episode 2: Confirmation Bias
We kick off looking at a behaviour that has been described by some psychologists as the mother of all behavioural biases, confirmation bias.
Neil Bage
- 4 min
Series 1, Episode 5: Heuristics
Most of the time we need to make a quick decision - and this is where we take mental shortcuts. This is where heuristics come in to play.