030: Jeff Kreisler on the behavioural science of money - investing, saving and spending
If you’re wondering why you constantly make flawed, emotional decisions and what’s going on in that jelly in your head, please subscribe or follow A Load of BS wherever you listen to podcasts, and leave me a 5 star review. Your support is always appreciated!
Introducing Jeff Kreisler
When it comes to money, we make absurd decisions about how to spend it all the time. Whether this is buying a £3.50 latte at Starbucks while we price compare groceries to save 10 pence on apples, bolting on a ‘special’ car cleaning kit for £250 after spending £15,000 on a new vehicle, or hopelessly overbidding on eBay auctions because we already feel attached to the item in question, we are irrational, emotional and flawed creatures. How on earth are we supposed to value things?
Jeff wrote the book Small Change: Money Mishaps and How to Avoid Them with Dan Ariely. Jeff is a qualified lawyer, stand-up comedian and now Head of BS at J.P. Morgan Chase bank.
Today with Jeff, we discuss what money means to us and how we treat it.
Show notes
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Podcast music: Tamsin Waley-Cohen's Mendelssohn's violin concerto
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