Shows
Mind MedicineDr. Daniel Krawczyk Part One: Neuroscientist on Behavior Bias, Values, and Vulnerability | Ep 54This week mind medicine podcast is with Dr. Daniel Krawczyk, Deputy Director of Research at The Center for Brain Health at UT Dallas.
Dr. Krawczyk is a Cognitive Neuroscientist who specializes in reasoning and decision making. Dr. Krawczyk has led multiple federally funded research studies to evaluate thinking and cognitive performance. His lab uses a diversity of research methods, including behavioral studies, machine learning, brain imaging and brain stimulation. His work has focused on reasoning by analogy, decision framing and cognitive improvement.
Brandt and Dr. Dan discuss what neuroscience is, how we reason internally, the importance of values, behavioral bias...2023-09-1939 min
KQED's ForumWhat Do You Collect?Why do we collect things like Pokémon cards, old tea sets and comic books? According to Daniel Krawczyk, a behavioral and brain scientist — and pinball machine collector — collecting can help to connect us to our childhood selves, relive prior memories or recall happy moments. And coming together with fellow collectors in conventions or online forums can provide the mental health benefits of community, a chance to revel in shared expertise and share tips. Collecting may even have an evolutionary basis. We’ll hear more from Krawczyk and from you: What do you collect, and why?Gu...2023-09-1255 min
Something You Should KnowSYSK Choice: How to Solve a Problem by Reframing It & Understanding Behavioral BiasEveryone makes mistakes. Still, it would be nice if we could all make fewer of them. This episode begins by revealing a few simple strategies to help people make fewer errors as they attempt to accomplish a task. (Source: Joseph Hallinan author of Why We Make Mistakes https://amzn.to/39OVFrM).When you have a problem, you need a solution. And maybe the best way to find one is to change or reframe the problem. That’s according to Thomas Wedell Wedellsborg, who is author of the book What’s Your Problem? To Solve Your Toughest Problems, Chan...2023-01-2849 min
Mental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Money, genetics and your brain, lessons from “Behave” by Robert Sapolsky: #70Financial insecurity impacts our brain and body throughout human development. Stress is increased with more authority & responsibility.
Lessons from of Robert Sapolsky’s book “Behave: The Biology of Humans at Our Best and Worst”
For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Continue to listen to Mental Models Podcast to avoid the biases that are keeping you from making a profit in the market. Stay safe and healthy out there!
Sapolsky's book provides a bird’s eye view on how our beha...2021-03-0329 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Lessons for finance, economy, & human behavior. Book review of “Sapiens”: #68Brain and Investing lessons that we took from the book Sapiens by Yuval Noah Harari (2017). An excellent read covering many surprising insights about human behavior from individuals to global institutions.
From a scientific standpoint this book highlights the unique cognitive capacity of Homo sapiens. We can imagine theoretical constructs that cannot actually exist. This tendency gave rise to our ability to create other fictions that we live by. These include monetary systems, corporations, and law structures. Group behavior and trust underlie many phenomena that we take for granted in our lives.
The book discusses the development of money, a powerful...2021-01-2932 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Play and Understand Stock Market Bubbles: #67Mental Models Podcasts predicts that this historic and unprecedented bubble will crash by the second quarter of 2021. Bubbles are driven by narratives. Bubbles have an end but timing the end of the bubble is unknown, which is the risky part, and very different than sports betting. Predictors are, volatility, age tilt, issuance, market cave, and acceleration.
How do you understand bubbles...visiting with historical features of bubbles, academic literature, lessons learned from Saberpoint Capital’s review, biases, and looking forward into 2021. Robin Greenwood, Andrei Shleifer, and Yang You (2017) observed the period of 1926-2014 identified 40 different bubbles, suggesting bubbles are not th...2021-01-1242 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Stock Winners and Losers heading into 2021COVID-19 has created an unprecedented impact on the stock market. There have been clear wining and losing stocks in 2020, where will these stock go in 2021? We review the uncharted stock market ahead, stocks to consider travel, #RV, #technologies, & #paper products. So much more to think about with the change that the vaccines for COVID_19 will bring - #hope for a healthier economy. For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Continue to listen to Mental Models Podcast to avoid the...2020-12-1720 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Political Theater, Psychology and Stock Market predictions for 2021: #65Analogies help when we are faced with new challenges. Current events matter for the stock market, let’s frame these current events in relationship to historical perspective of the 2016 election and the impact of the market. ‘Political theater’ impacts the stock market, with the unknowns of the last 4 years and the uncertainty of the control of the senate for 2021. The. Market is a forward looking mechanism and what is the market thinking about the future, in terms of the most positive and most negative outcomes. In reality even if you know the outcome, you don’t know the response that the mark...2020-12-0222 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Streaking Star Effect or Bias: #64A talent that you have, but will it last, unlikely! We all want that superior money earning performance to continue, and we enjoy the success of an individual over a team (Jessie Walker and Tom Gilovitch reported on it in 2020, links below). Because we like narratives and we want to be the hero of our story, just like Kolby Bryant or LeBron James were for the Lakers.
For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Continue to listen to Ment...2020-11-0923 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Mystic behind your Streak, Hot Hand Effect: #63Hot hand effect is the mystic behind your winning streak, despite all of your theorizing. There are many factors that explain the wins in the stock market, but the hot hand effect/bias is one to consider. For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Continue to listen to Mental Models Podcast for updates on the current state of the market. Stay safe and healthy out there!2020-10-2028 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Changes to Economic Landscape: #62Moving parts of the current economy has been influenced by the pandemic. This is an unprecedented time and reflects a poor experimental design. What is changing and what is holding steady, if anything? The government continues to print money, but has delayed another stimulus package. At one end the economy is being squeezed, (leisure and travel) and at the other end expanded, (home goods and home improvements). 2020 is about trying something new and innovative as we continue to adjust to the rise and fall of the impact by COVID-19 and the individual states response in opening and closing of society...2020-10-0100 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Compassion & Revisit #47 Our Basic Human Values: #62Compassion and our basic human values drive us. In this episode we revisit a popular episode, and discuss values in detail from both an investing & psychological perspective. Our mental models of other people’s behavior. As the market turns…Stay safe and healthy out there!
For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE
Join Dr. Dan Krawczyk, host of Mental Models Podcast and Deputy Director of the Center for BrainHealth(Dallas TX)and Bonnie Pitman (former director of the Dallas M...2020-09-1500 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Is Spotify a Good Investment?: #61Spotify changing up the podcasting distribution - does it make Spotify a good investment? Spotify is scooping up top podcasters like Joe Rogan and Kim Kardashian to enhance their reach and overall product. Mental Models Podcast is waiting on the phone call from Spotify, we are ready to join the A listers! As the market turns…Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE
Join Dr. Dan Krawczyk, host of Mental Models Podcast and De...2020-09-0200 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Investment Decisions in Levitating Market: #60How does COVID-19 continue to influence market decisions? Online and e-commerce are impacting the market, as is the upcoming presidential election. What opportunities will the stock market provide? Small cap and large cap are seeing growth, and the indices are up, despite the “wall of worry” from possible presidential change. There is a tremendous liquidity put in the market and indices are up. As the market turns…Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE2020-08-0500 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Psychology of Disney Stock since Virus Crisis: #59What is the psychology of HOW Disney stock is traded due to #COVID-19? Disney provides ‘top notch escapism’ via multiple arms of the corporation. Additionally, psychology of Disney power is the ‘autobiographical memories’ associated with the Disney ears, Walt Disney himself, and the Disney Park experience. The stock will likely ride the COVID_19 wave despite, at least 50% of their operations having been impacted by COVID-19. Disney stock has held up; trading from about $150 to about $120. Fortunately, Disney has the ‘Castle in the sky’ AKA Disney Plus. Disney Plus is providing Disney stock with the illusion of doing well. Disney plus may become m...2020-07-2300 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Where is stock market going…crash?: #58Risk is always a part of investing but even more with the unknowns of opening and closing of the economy. Another factor driving the market is the money the feds are pumping out. Also, the influx of Robinhood accounts, driven by the lack of outlet for risky behavior (i.e. sports betting) and the stimulus checks. What happens to the stock market when sports open back up and those investors jump ship? There is a gap between Main Street and Wall Street, where will it take the market? Fear, Stress, and Optimism are driving the current market. Continue to listen...2020-07-1000 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Will Toilet Paper Stock Surge During Pandemic?: #57Everyone needs toilet paper! The initial increase in buying of toilet paper (AKA tissue paper) at the start of the COVID-19 crisis was likely due to a hoarding response, which is an instinctive psychological bias response found in nature. Hoarding is not always negative, in this case those that bought lots of toilet paper and hand sanitizer were more prepared. Tissue/Toilet paper made for home use is a different product, then toilet paper made for a public toilet. Although hoarding may not be continuing, more time is being spent at home has changed the needs for public vs home...2020-06-2500 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Psychology of Pandemic be Physically Distant while Socially Engaged: #56Psychological research can inform our behavior during the COVID-19 pandemic. How do we decide what is the most effective response and how we will act? Follow along with the research article from Nature Human Behaviour “Using Social and Behavioral Science to Support COVID-19 Pandemic Response” (link below). First, as humans we have a tribal response, and we stick with our group and take advice from our group leader. Who we listen too depends on our tribal orientation. Other factors on advice we follow, is if the advice is relevant to us - ‘think globally, but act locally’. Which can lead to group...2020-06-1200 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Brain Effects While Working From Home: #54Norepinephrine sends signals widely throughout the brain that move us into a task motivated stated. A brain regain called the locus coeruleus located in the brain stem is involved in the release of norepinephrine. As we shift to a more passive state, another type of brain cell called astrocytes take over (they get their name from their star shape). Astrocytes cells support neurons in the brain, and are the most abundant glial cells in the brain. A study by Yu Mu et al, 2019 (link below) with Zebra fish shows that Norepinephrine was released when they are moved to actively swim...2020-05-1200 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: COVID-19 Stock Market Rallies: #53Global economy has stalled in early 2020 due to COVID-19 and governments have provided stimuli. The stock market has rallied; SMP is up from the bottom which is the most dramatic rise of the market EVER! CONCERN: exuberance in the market does not take into account the return to normal, as there is a new normal, which is still unknown. Narratives fill the gaps of unknown reality, and the narratives are less reliable than ever before, since analogies are made in the context of experience. Many business will be gone, or have take on significant indebtedness. Largely what has driven the...2020-05-0600 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Global Protein Chain Breaking/Broken: #52African Swine Fever in China has depopulated the hog heard in China. China is responsible for 50% of global production and consumption of pork. The coronavirus was completely unexpected and has further impacted the pork market with meat packing plants closing due to workers and their family members, sadly becoming ill or dying from Covid-19. Closure of meat packing plants to protect the meat packing workers and their families is necessary and the right this to do! The amount of pork in cold storage has decreased as of the recording of this podcast from 4 weeks to 3 weeks, and may have dropped...2020-04-3000 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Motivations & Basic Human Values-Part 2: #51Our basic human values drive us and drives up our oxytocin levels in our brain. Provided are applied examples of values in the investing world. We consider the basic human values by Shalom Schwartz tying together and the interesting relationships among the different values.We talk conservatism, openness to change, benevolence, universalism, achievement, and power. We discuss how these values are embedded and carried out within the networks of our brain. The pie chart of basic human values theory by Shalom Schwartz, will help you navigate Episode #51 and Episode #47: "Mental Models: Motivations That Drive You Part 1“. Listen here on the Me...2020-04-2400 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Are Analogies between ‘?’ and Covid-19 Dangerous?: #50Analogies help our brains understand a current event often using a past event, but with our brain filling in unknown gaps and creating possible dangerous inferences. Comparisons between the flue, N1H1, SARS, 1918 flu or even 9/11 are likely dangerous for understanding how society and investments will be impacted. Current events are different than past events. Analogies start forming from a ‘target analogy’, such as a believed equivalent past event, then our brains begin a mapping process from ‘source analogy’. Interested in learning more about investing, analogies, YOUR #Brain, and how we think to improve your financial gain in the market, read the...2020-04-1500 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Motivations That Drive You - Our Basic Human Values Part 1: #47Our basic human values drive us. In this episode we discuss values in detail from both an investing and psychological perspective. Our mental models of other people’s behavior and our own can helps us to predict steps management might take in a company that we are considering purchasing. We discuss a variety of the basic human values outlined by Schwartz. Note that these have been examined across numerous cultures. All cultures show evidence of these values, but they are expressed somewhat uniquely- just like individuals. We have all of these values available in our psychology, but we emphasize some mo...2020-03-1800 min
Something You Should KnowA Better Way to Solve A Problem & How Human Biases Affect Your DecisionsWe all make mistakes. However, wouldn’t it be nice if you could make fewer of them? This episode begins by revealing two simple strategies that have been proven to help people make fewer mistakes when they attempt to accomplish a task. (Source: Joseph Hallinan author of Why We Make Mistakes https://amzn.to/39OVFrM)
When you have a problem, you need to find a solution. Maybe though, the better course of action should be to change or reframe the problem. That’s the advice of Thomas Wedell Wedellsborg, who is author of the book What’s Your Problem? To Solve...2020-02-2443 min
Something You Should KnowA Better Way to Solve A Problem & How Human Biases Affect Your DecisionsWe all make mistakes. However, wouldn’t it be nice if you could make fewer of them? This episode begins by revealing two simple strategies that have been proven to help people make fewer mistakes when they attempt to accomplish a task. (Source: Joseph Hallinan author of Why We Make Mistakes https://amzn.to/39OVFrM)
When you have a problem, you need to find a solution. Maybe though, the better course of action should be to change or reframe the problem. That’s the advice of Thomas Wedell Wedellsborg, who is author of the book What’s Your Problem? To Solve...2020-02-2448 min
Something You Should KnowA Better Way to Solve A Problem & How Human Biases Affect Your DecisionsWe all make mistakes. However, wouldn’t it be nice if you could make fewer of them? This episode begins by revealing two simple strategies that have been proven to help people make fewer mistakes when they attempt to accomplish a task. (Source: Joseph Hallinan author of Why We Make Mistakes https://amzn.to/39OVFrM)
When you have a problem, you need to find a solution. Maybe though, the better course of action should be to change or reframe the problem. That’s the advice of Thomas Wedell Wedellsborg, who is author of the book What’s Your Problem? To Solve...2020-02-2446 min
Something You Should KnowA Better Way to Solve A Problem & How Human Biases Affect Your DecisionsWe all make mistakes. However, wouldn’t it be nice if you could make fewer of them? This episode begins by revealing two simple strategies that have been proven to help people make fewer mistakes when they attempt to accomplish a task. (Source: Joseph Hallinan author of Why We Make Mistakes https://amzn.to/39OVFrM)
When you have a problem, you need to find a solution. Maybe though, the better course of action should be to change or reframe the problem. That’s the advice of Thomas Wedell Wedellsborg, who is author of the book What’s Your Problem? To Solve...2020-02-2446 min
Something You Should KnowA Better Way to Solve A Problem & How Human Biases Affect Your DecisionsWe all make mistakes. However, wouldn’t it be nice if you could make fewer of them? This episode begins by revealing two simple strategies that have been proven to help people make fewer mistakes when they attempt to accomplish a task. (Source: Joseph Hallinan author of Why We Make Mistakes https://amzn.to/39OVFrM)When you have a problem, you need to find a solution. Maybe though, the better course of action should be to change or reframe the problem. That’s the advice of Thomas Wedell Wedellsborg, who is author of the book What’s Your P...2020-02-2449 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Selection Bias - Where’s Waldo?: #43Selection Bias can keep us hunting for what is most present on our mind, Waldo or the new Toyota we are planning to buy. Once we have committed to a decision we will see that specific brand everywhere. We are experiencing selection bias. Our brain is guiding us to what is most present on our minds.
“The Invisible Gorilla” book by C. Chabris and D. Simons explores this famous experiment on how your mind actually works - our intuition can deceive us. https://www.amazon.com/Invisible-Gorilla-Other-Intuitions-Deceive-ebook/dp/B0036S4EYQ
- BUY BOOK “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE...2020-02-1900 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Salience Bias - Fear and Uncertainty: #42Be the courageous investor! Fear linked to 3 things:
1: To little information
2: Potential Threat
3: Helplessness
Investing is linked to 2 things:
1: Fear
2: Greed
The Salience Bias is linked to fear and uncertainty and your primal brain functions in your amygdala. There are 2 types of cognition 1)hot and 2)cold. Hot cognition is primal and linked to lymbic system, while your cold cognition is your rational view. Engage your investing process and training established during cold cognition and NOT during points of fear motivated by investing or hot news cycle (i.e. hot cognition).
@ 20 mins in review the Papa John Pizza stock effect...2020-02-1100 minMental Models Podcast It's not a brain in a jar, that's the gist!Investment Process V: Post mortem: #40“Understanding Behavioral Bia$” follow along with book by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon https://amzn.to/2XHtsOE (copy and paste).
This podcast is fifth in the investment process series. It is the planning up from the matters. #1 tip to avoid pain is to use stop loss techniques!
-BUY BOOK “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | Behavioral finance advice and solutions. #mentalModels
This book will help you overcome the biases that are keeping you from investment success!
Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of...2020-01-2100 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Market & Macro Nonsense: #39Recap of general market trends experienced in 2019 and interpret what they might mean for the economy in 2020. The expansion is the longest we have see, we are now beyond what it occurred from 1990-2000. Growth has been tepid so it might continue. We discuss economic indicators and historical trends from the past.
BUY BOOK “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | Behavioral finance advice and solutions. #MentalModels
This book will help you overcome the biases that are keeping you from investment success!
Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of Mental models Podcast.
Published by Busin...2020-01-1500 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Investing & Behavioral Bias in an Election Year: #38How politics might influence the stock market in an election year! All of this while the standing president of the United States is under investigation for impeachment by the Senate. What are your predictions for the next president of the United States of America? Which stocks do you seeing impacted?
@ 11:30 minutes George discusses his stock pick that could be influenced by the election year and why. Listen in.
BUY BOOK “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | Behavioral finance advice and solutions. #mentalModels
This book will help you overcome the biases that are keeping you from investment success!
Authored by Dani...2020-01-0800 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Holiday Message 2019 and Behavioral Bia$: #37There won't be any regular episodes of Mental Models Podcast as we take a holiday break. Regular service will resume the first full week in January 2020. In the meantime, enjoy a holiday message and we have recapped a popular podcast on Behavioral Bia$. Join Dan and George at the Center for BrainHealth, Dallas, TX on 1/23/20 as they discuss “Money and your Brain: How Cognitive Biases Impact Investing” based on their book "Understanding Behavioral Bia$" link below. Thanks to everyone for listening and we wish you and yours a happy and healthy 2020!
BUY BOOK “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | Behavior...2019-12-2300 minMental Models Podcast It's not a brain in a jar, that's the gist!Investment Process IV: Analysis and Execution: #36“Understanding Behavioral Bia$” follow along with book by Dr. Daniel Krawczyk and George Baxter, JD, CFA, (Chapter 8) while listening to this podcast. BUY on Amazon https://amzn.to/2XHtsOE (copy and paste).
Fourth in the series on the investment process - with top fund manager tips of the steps of analysis and execution. Biases to be aware of are recency bias also at minute 6:58 base rate neglect - which is also discussed in podcast #28 on Bill Gates brain.
Min. 12:30 Group think biases are discussed with remedies.
Min. 1645 research has value - don’t buy the sock just because you did the re...2019-12-1100 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: "Inside Bill's Brain: Decoding Bill Gates": #28A discussion of Bill Gate's mental models as observed in the 3 part documentary series on Netflix: "Inside Bill's Brain: Decoding Bill Gates". Bill Gates mental process protects him from a variety of cognitive biases, such as base rate neglect. Other biases discussed in relation to Bill Gates mental process include survivor bias, Illusion of control, and overconfidence.
BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels
Behavioral finance advice and solutions.
More information at https://www.mentalmodelspodcast.com Visit mentalmodelspodcast.com for more insights.
Dr Daniel Krawczyk @TEDxUTD (10/21/19)- Brain Science for...2019-10-1500 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Part 2 of Mike Hughes on Artificial Intelligence: #27Artificial Intelligence Part 2 with Mike Hughes from OutSystems in Portugal discussing uses of AI in investing, business and court proceedings as the AI judge! BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK by your hosts of Mental Models Podcast | Behavioral finance advice and solutions.
More information at https://www.mentalmodelspodcast.com
Be sure to listen to Mental Models: Group Think Part 1 and Mental Models: Group Think Part 2 for biases when borrowing an idea and how to manage and or avoid the bias pitfalls. https://www.mentalmodelspodcast.com.
Dr Daniel Krawczyk @TEDxUTD (10/21/19)- Brain Science for Investment Deci...2019-10-0800 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Mike Hughes on AI Part 1: #26Artificial Intelligence enthusiast Mike Hughes discusses a range of topics including machine learning and the future of computing. Part 1 of a 2 part series in AI and investing. Mike is an accomplished "IT Renaissance Man". Mike is part of the OutSystems success story, which helps clients to become their own success stories using OutSystems low-code platform. Sound has been updated for audience! BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK by your hosts of Mental Models Podcast | Behavioral finance advice and solutions.
More information at https://www.mentalmodelspodcast.com
Dr Daniel Krawczyk @TEDxUTD (10/21/19)- Brain Science for Inve...2019-10-0600 min
Well-Oiled Operations with Stacy TuschlHow To Sell Anything With Great Copy With Nicki KrawczykWelcome back to another episode of Foot Traffic! Today I'm interviewing someone on my team, Nicki Krawczyk, who is my copywriter. Nicki helps me with a lot of the text you've probably read on our emails or website. I'm not a naturally great writer but Nicki makes it pretty and has been the one to write sales funnels that give us higher conversions! We're talking about why copy writing is so important, the difference between a copywriter and a content writer and the little tweaks you could be doing to see higher email open rates and higher conversions. 2019-09-0433 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Biases that keep you from Investing Success: #22Biases are part of the cognitive architecture of the brain. We can't avoid biases but we can think analytically and put speed bumps in our way to force us to check our assumptions. Biases covered included under the umbrellas of Attention biases, Memory bias, and Knowledge bias. BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels
Behavioral finance advice Visit mentalmodelspodcast.com for more insights.
This book will help you overcome the biases that are keeping you from investment success!
Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts...2019-09-0300 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Confirmation Bias and the Macro Rorschach: #18Is the US headed into a recession or contraction in the economy? Confirmation Bias is when we force our views upon the macro data, and there is always something there. What are indicators of a recession? Humans are excellent data processors for the short term, we need indicators to watch for. It is necessary to identify what is actionable, but macro events in the Economist Magazine for example, can obscure our perspective, due to over coverage. A better strategy would be to step back and think less about the macro to give your brain time to catch up.
BUY “Understanding Be...2019-08-0600 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Knowledge Illusion-When You think you get it, but you don't: #17Understand your mental model, and develop a competitive advantage of investing strategies, and learn the brain science behind the knowledge illusion. Like a 'prosthetic for your brain' extra knowledge can appear to expand your horizons, but beware it maybe an illusion.
BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels
Behavioral finance advice Visit mentalmodelspodcast.com for more insights.
This book will help you overcome the biases that are keeping you from investment success!
Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of Mental models Podcast.
Published by Bu...2019-07-3000 minMental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Brain and Investment Timing: #16A challenge for investors is get the timing correct in their forecasts. How does the timing of current events impact the market and what is your brains role? This is relevant to the Equifax data breach and the 2008 housing crisis. Some experts were calling out the possibility of an economic crisis linked to subprime mortgage practices, but their timing was early. Predicting the speed at which events will unfold is extremely difficult. One particular speculation is the current day 'loss of 20-40% of China's hogs' (a primary source of the worlds protein) due to 'African Swine Fever'. This will likely...2019-07-2300 minMental Models Podcast It's not a brain in a jar, that's the gist!Investing-Brain Myths Debunked and Winning Strategies: #12Short sales are rarely the simple inverse of a long sale-LEARN 3 strategies for investing success in short sales. A monkey cannot out perform an investment professional-the monkey doesn't know about the 10% of stocks that out performs every-time. Are emotion and reasoning connected? Also, learn what became of Einstein's brain after he died, did he use 100% of his brain? Not likely, since using 100% of our brains would likely result in seizures and hallucinations as your motor and visual cortex would be firing full time. In investing, does the "rising tide lifts all boats", will you always be a winner?
BUY “Understanding Be...2019-06-2500 minMental Models Podcast It's not a brain in a jar, that's the gist!Strategies to Overcome Illusion of Control Bias: #9Illusions of control or illusion of invulnerability bias, is in response to the complications of the world and your brain. We think we have everything worked out and are overly confident which can lead to disaster. For example, when an investor or a manager is on a winning streak for a while they will tend to think that the success is an outcrop of their brilliance and any move they make will be successful and they don't consider their process. The subcortical area of the brain, specifically the basil ganglia is involved in this bias and is linked to foraging...2019-06-0400 minMental Models Podcast It's not a brain in a jar, that's the gist!Strategies to Keep Narratives from Leading you Off a Financial Cliff: #8How does your brain interpret the world and develop narratives? It takes a heroic effort to upend a narrative that you put a lot of work behind. Sticking with a narrative without looking at the chain of cause and effect, and or shining a light on the gaps in your knowledge can lead to falling off a financial cliff in investing, as well as life choices.
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Behavioral finance advice Visit mentalmodelspodcast.com for more insights.
This book will help you overcome the bias...2019-05-2800 minMental Models Podcast It's not a brain in a jar, that's the gist!When to Upend the Status Quo?: #6The default effect is a strategy used in marketing with great success. It is very human to go with the 'status quo'. There is a natural brain benefit, because all of these little decisions can results in mental/decision fatigue. In investing it maybe necessary to overcome the default by reconstructing the entire portfolio, to reconsider the current stance and possibly make changes. Opting out or making a new decision is fatiguing, but going with the status quo can have a nefarious effect.
BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #ment...2019-05-1400 min
Mental Models Podcast It's not a brain in a jar, that's the gist!Value drives our lives! Your brains response to value & investing lives: #2Value runs deeply within your brain. The brain’s reward systems respond to primary incentives, but the story does not end there. People amplify the value of objects and experiences to a dramatic degree through our shared perceptions. Investing is guided by both ground truth value and our extended mental models of the situation. The social narrative can amplify value, as is the case of Warren Buffet’s signed ukulele selling for upwards of $10,000. Human perception drives the value of art, memories, family, and even preserving your DNA. The value placed on earning more money can be prolific, for example many...2019-04-1400 min
Mental Models Podcast It's not a brain in a jar, that's the gist!Mental Models: Your brain & behavioral finance: #1Do you want to learn about Mental Model$, behavorial finance and neuroscience/your brain? Do you want to know how your brain functions and the interactions with financial decision making? This show is for you! This show is also the perfect opportunity for listeners to meet the hosts and get to know their style. Mental Model$ Podcast provides listeners with an opportunity to enjoy original, high-quality content. Tune in, subscribe and discover why listeners refuse to miss Mental Models Podcast.
BUY “Understanding Behavioral BIA$” http://amzn.to/2XHtsOE | NEW Behavioral Finance BOOK | Behavioral finance advice and solutions. #mentalModels
Behavioral finance advi...2019-04-0400 min
Inquiring MindsThe Neuroscience of How We ThinkWe have a big announcement! After 220 episodes, we are striking out on our own. Thanks to Mother Jones for being our home for the past 5 years. Look for new segments and episodes as we expand creatively, while still bringing you in depth conversations with scientists.This week, we talk to neuroscientist Daniel Krawczyk about his book Reasoning: The Neuroscience of How We Think.Dan also studies traumatic brain injury in veterans, using virtual reality as a part of cognitive behavioral therapy. Support the show: https://www.patreon.com/inquiringminds
2018-04-0347 min