Why Do People Do Dumb Things? Part 2 | MHFI 156
Doug and Dusti are back for Part 2 on cognitive biases and how they shape our financial decisions.
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Email us here: doug@milehighfi.com or carl@milehighfi.com
0:00 Intro
2:50 Having a scarcity mindset
8:14 The ”what the hell” effect
13: 35 Social proof and the desire to be like other people
19:08 The cost of friction and decision paralysis
25:34 Default bias
37:20 Why we hold on to bad investments
45: 18 Getting more motivated at the finish line
55:12 Our favorite desserts
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