Neil Bage4 minSeries 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.
Neil Bage4 minSeries 2, Episode 19: Peak-End RuleThe 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 Bage4 minSeries 2, Episode 18: Decoy EffectThe decoy effect is when we as consumers change our preference between two options when we are presented with a third option – the decoy.
Neil Bage4 minSeries 2, Episode 17: Hindsight BiasBehavioural scientists have shown that there are three levels when it comes to Hindsight Bias, that kind of stack on top of each other.
Neil Bage4 minSeries 2, Episode 16: Availability BiasWe talked about the Availability Heuristic before. This is a more specific version of that.
Neil Bage4 minSeries 2, Episode 15: The Sunk Cost FallacyKnowing 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 Bage4 minSeries 2, Episode 14: The Illusion of ControlA 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 Bage4 minSeries 2, Episode 13: Herding BiasHerding bias will see us convincing ourselves that a course of action is the right one simply because everyone else is doing it.
Neil Bage5 minSeries 2, Episode 12: Probability NeglectToday 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 Bage4 minSeries 2, Episode 11: Attentional BiasEven 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 Bage4 minSeries 2, Episode 10: Mental AccountingAll 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 Bage4 minSeries 2, Episode 9: Endowment EffectWelcome 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 Bage4 minSeries 2, Episode 8: Dunning-Kruger EffectThe 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 Bage3 minSeries 2, Episode 7: Present BiasThe battle between the present you and the future you is very real and takes place every single day.
Neil Bage4 minSeries 2, Episode 6: Loss AversionLoss aversion is our tendency, our natural desire, to prefer avoiding a loss when compared with acquiring an equivalent gain.
Neil Bage4 minSeries 2, Episode 5: OverconfidenceMost humans show signs of overconfidence, and this impacts the decisions they make. But underconfidence can be just as influential.
Neil Bage4 minSeries 2, Episode 4: Anchoring BiasThe first piece of information we see can have a significant impact on the decision we end up taking. Think Black Friday/Cyber Monday.
Neil Bage4 minSeries 2, Episode 3: Framing BiasWhat'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 Bage4 minSeries 2, Episode 2: Confirmation BiasWe kick off looking at a behaviour that has been described by some psychologists as the mother of all behavioural biases, confirmation bias.
Neil Bage4 minSeries 1, Episode 5: HeuristicsMost 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.