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Duration:09:46
Uploaded:2021-02-09
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In this episode, Chelsea shows us the specific ways our brains are wired to work against us when it comes to money, and how we can counteract our self-sabotaging money tendencies.

Based on an article by Sarah Doyel: https://thefinancialdiet.com/4-ways-to-outsmart-your-brain-when-it-comes-to-money/

Temporal discounting: https://www.behavioraleconomics.com/resources/mini-encyclopedia-of-be/time-temporal-discounting/

Confirmation bias: https://thefinancialdiet.com/confirmation-bias-sabotaging-finances-without-you-realizing-it/

Post-purchase rationalization: https://medium.com/@michaelgearon/cognitive-biases-post-purchase-rationalisation-41056287eeb9

Anchoring bias: https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/anchoring-bias/

Watch more of The Financial Diet hosted by Chelsea Fagan here: https://www.youtube.com/playlist?list=PLD30V46E07RR99cC0gCjKUbt-BKoDUcnc

The Financial Diet site: http://www.thefinancialdiet.com

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