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Episode 10: Biases and Heuristics Part 3
Manage episode 374280262 series 3485712
المحتوى المقدم من Dr. Bryan Foltice. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Dr. Bryan Foltice أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
In this third installment of heuristics and biases, we conclude this theme by discussing some vital biases - exponential growth, amortization, self-selection, and survivorship biases.
00:00 Introduction
02:25 Compound Interest - Exponential Growth Bias (EGB)
07:46 Exponential Growth Math FV=PV*(1+r)^t
09:35 Implications of Exponential Growth Bias
11:21 Learning Present Value - Who Wants to Be a Millionaire PV=FV/(1+r)^t
16:09 Expense Fees Over Time - FV=PV*(1+r-e)^t
24:48 Amortization Bias - Tendency to Believe that We pay off loans equally over time.
27:02 Self-Selection Bias
29:34 Survivorship Bias
31:45 How Datasets Can be Manipulated
I hope you enjoy the content and learn all about the topic of Behavioral Finance. I've set up the first few podcasts as mini lectures of my Behavioral Finance course that I teach at Butler University each semester. The goal of this podcast is to provide a comprehensive look into the topic of Behavioral Finance - for free!
#behavioralfinance #psychologyofmoney #financialdecisions
Disclaimer: www.bryanfoltice.com/cv
References:
Fernandes et al: Financial Literacy Driving 0.1% of Financial Behavioral https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2333898
Foltice and Langer (2014) Decision Analysis paper on How We Learn about Exponential Growth Bias
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2419035
Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/
Disclaimer: www.bryanfoltice.com/cv
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