Behavioral Finance discussions of Mental Models, Bias, Decision Making, and Brain Science that will help you overcome biases that are keeping you from investing success. You hosts (Dr. Daniel Krawczyk & George Baxter JD CFA) have written a book "Understanding Behavioral Bia$: A Guide to Improving Financial Decision Making" that continues to discuss all of these topics and will be available November 2019.

Mental Models Podcast it's not a brain in a jar | Behavioral Finance

Do 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 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 Business Expert Press
Behavioral Finance Book AVAILABLE NOW ON AMAZON http://amzn.to/2XHtsOE
Do you want strategies to make better financial decisions?
Do you need a translational guide to Thinking Fast and Slow?
Do you want to be a better investor and earn more money?
If you said yes to any or all of the above questions then this book is for you!
#understandingBehavioralbias

Mental Models: Your brain & behavioral finance: #1

Value 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 $10,000. Human perception drives the value of art, memories, family, and even preserving your DNA. The value placed on earning more money can be prolific, for example many star investors have much more money than they could ever need, yet the pervasive drive to acquire more leads to the very very hungry man with the very small mouth, that can never get enough. We want more and we can be envious of others.  Values drive humans to become highly motivated primates!  BUY “Understanding Behavioral BIA$” 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 Business Expert Press
Behavioral Finance Book AVAILABLE NOW ON AMAZON http://amzn.to/2XHtsOE
Do you want strategies to make better financial decisions?
Do you need a translational guide to Thinking Fast and Slow?
Do you want to be a better investor and earn more money?
If you said yes to any or all of the above questions then this book is for you!
#understandingBehavioralbias

Value drives our lives! Your brains response to value & investing lives: #2

We take a deep dive into the benefits of thinking in groups and how our mental models change through group interactions. Team members can help us to flesh out our mental models in a variety of situations. Seeking multiple opinions can give you a wider perspective, but other people’s opinions can have an oversized effect on your thinking. Benjamin Graham spoke about the quality of your analysis making a big difference, but also that listening to groups can aid you to be a better investor. Psychologists call this process of understanding motivations of others “theory of mind”, or perspective taking. Trying to understand others’ mental models is important because others can be right, wrong, or even misleading. Interested in a master guide to winning the market? – listen in!  Groupthink is a rich topic, relevant whenever we work in teams. Team work influences our financial decisions. Keep an eye out for Groupthink Part 2 focused on the specific risks and benefits of working with investment teams.
 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 Business Expert Press
Behavioral Finance Book AVAILABLE NOW ON AMAZON http://amzn.to/2XHtsOE
Do you want strategies to make better financial decisions?
Do you need a translational guide to Thinking Fast and Slow?
Do you want to be a better investor and earn more money?
If you said yes to any or all of the above questions then this book is for you!
#understandingBehavioralbias

Groupthink Part I: #3

Groupthink how being part of an investing team comes with positive and negative factors. How working with a team can derail your investing strategies and decision making. Discussed are tried and true decision making tips to overcome the Groupthink 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 of Mental models Podcast.
Published by Business Expert Press
Behavioral Finance Book AVAILABLE NOW ON AMAZON http://amzn.to/2XHtsOE
Do you want strategies to make better financial decisions?
Do you need a translational guide to Thinking Fast and Slow?
Do you want to be a better investor and earn more money?
If you said yes to any or all of the above questions then this book is for you!
#understandingBehavioralbias

Groupthink Part 2: #4

How do you avoid decision fatigue? Strategies used by George Baxter, JD, CFA include limiting his decisions outside of his professional life as a hedge fund manager, thereby fighting the chances of becoming fatigued.  For example, you can follow others leads in ordering food. Make use of automated strategies and use default rules to make decisions.  This will help you to reduce decision fatigue.  Humans make multiple decisions in a day, excessive numbers of options can also result in anticipated regret from not picking one choice over the other and can result in exhaustion. More choices can lead to the best investing outcomes...or so it would seem. Making too many decisions is not a positive strategy and can cause mental exhaustion.  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 Business Expert Press
Behavioral Finance Book AVAILABLE NOW ON AMAZON http://amzn.to/2XHtsOE
Do you want strategies to make better financial decisions?
Do you need a translational guide to Thinking Fast and Slow?
Do you want to be a better investor and earn more money?
If you said yes to any or all of the above questions then this book is for you!
#understandingBehavioralbias

Decision Fatigue | Strategies for Success: #5

Financial 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 behavior evolves from seconds to months and years prior to the time that we act.

It is well-stocked with excellent lessons about neuroscience, biology, genes, and culture. This lengthy book is engaging throughout and tackles complicated and controversial topics. Sapolsky provides an important biological link to explain the ways that we behave. He emphasizes that our biology is inextricably linked to our cultures and hierarchies. He takes on the challenges of social comparisons, wealth inequality, and systemic poverty. Relative positions in society link back to our mental health with implications for our health and biological function.

Human happiness in the corporate world is discussed. It is impacted by A. Autonomy, B. Place in the hierarchy, and C. Number of direct supervised employees. A and B impact our well being in a positive way, while C increases our perceived stress.

Three keys to lowering executive stress are noted: 
1. Maintain a strong place in a hierarchy 
2. Gain autonomy over your decisions
3. Outsource much of the daily micro management 

Other critical drivers of behaviors are discussed related to market participation. These include economic exchange games including the ultimatum game. People who participate in high trade volume (whether it be in a financial market or a street market) tend toward making fair offers. This establishes trust and reputation which lead to human thriving and the development of productive civilizations. This has implications about need for autonomy and experience in growing your own success. Zero-sum thinking leads toward people avoiding you. There needs to be a healthy balance between cooperation and competition. You can go very far in life if you ensure that you maintain mutual benefit with any sort of deal you make.

The book frames many sophisticated and complex behaviors in terms of evolutionary theory, genes, and neurobiology. Honor and revenge cultures lead to tremendous stress and unhappiness. 

Sapolsky reminds us that so many systems from culture down to genes is one of modulation. 

Links: Robert Sopolsky’s book “Behave: The Biology of Humans at Our Best and Worst”
https://www.amazon.com/Behave-Biology-Humans-Best-Worst/dp/1594205078

Mental Models: Money, genetics and your brain, lessons from “Behave” by Robert Sapolsky: #70

All about your brain & obtaining real-world behavioral finance knowledge! Listeners have access to original and engaging discussion of behavioral finance and cognitive bias.

Mental Models: Money, genetics and your brain, lessons from “Behave” by Robert Sapolsky: #70

Mental Models Podcast | Behavioral Finance