Episode notes
Money makes the world go around - but how rational and smart are we with our money decisions? Science shows that our upbringing, surroundings, and past experience can expose us to a series of biases that makes us less smart with money than we might think! Join us as we uncover a series of money mistakes and bust a bunch of money myths, all in the hope of making you better informed about the psychology of money.
📊 Key research studies we discussed:
- Lottery winners only marginally happier than paraplegics: Lottery winners and accident victims: Is happiness relative? (Journal of Personality and Social Psychology, 1978)
- Emotional wellbeing plateaus at $75K/year:
Keywords
psychologysciencehealthfinancedecision makingmoneybehavioural economics