Biases That Lead to Bad Money Decisions, Why We Mourn Animals

The Matt Townsend Show - Season 7, Episode 164

Jul 10, 2018 1:00 pm
1:31:16 mins

Cognitive Biases That Lead to Bad Money Decisions (14:03) Kristin Wong is an award-winning writer. Her contributions to MSN Living’s The Heart Beat blog won her an award from the Society of Professional Journalists. She regularly contributes to NBC News, Lifehacker, and Bankrate. Why is budgeting such a challenge for some of us? Well money isn’t hard because of the math, it’s the psychology that trips us up. How can we retake control of our minds and our wallets? Kristin Wong explains the cognitive biases that lead to bad money decisions. Why We Mourn Animals (1:01:44) Kurt Gray, Ph.D., is Assistant Professor of Social Psychology and Author of the book “The Mind Club” . He studies the mysteries of subjective experience and presents the phenomenon of mind perception. Nothing seems more real than the minds of other people. When you consider what your boss is thinking or whether your spouse is happy, you are admitting them into the "mind club." It's easy to assume other humans can think and feel, but what about a cow, a computer, a corporation? What kinds of mind do they have? And why do humans react so strongly to the deaths of animals? Dr. Kurt Gray explains.

Episode Segments

Episode Segments

Cognitive Biases That Lead to Bad Money Decisions

48m

Kristin Wong is an award-winning writer. Her contributions to MSN Living’s The Heart Beat blog won her an award from the Society of Professional Journalists. She regularly contributes to NBC News, Lifehacker, and Bankrate. Why is budgeting such a challenge for some of us? Well money isn’t hard because of the math, it’s the psychology that trips us up. How can we retake control of our minds and our wallets? Kristin Wong explains the cognitive biases that lead to bad money decisions.

Why We Mourn Animals

30m

Kurt Gray, Ph.D., is Assistant Professor of Social Psychology and Author of the book “The Mind Club” . He studies the mysteries of subjective experience and presents the phenomenon of mind perception. Nothing seems more real than the minds of other people. When you consider what your boss is thinking or whether your spouse is happy, you are admitting them into the "mind club." It's easy to assume other humans can think and feel, but what about a cow, a computer, a corporation? What kinds of mind do they have? And why do humans react so strongly to the deaths of animals? Dr. Kurt Gray explains.