Nudging Financial Behaviour

Nudging Financial Behaviour

In this series, it’s my goal to help you recognise the biases that can subtly – and sometimes not so subtly – pull or push your thinking into making decisions about your finances that aren’t entirely rational. When you’re able to recognise these pushes and pulls, you’ll be able to make smarter choices about your money, and hopefully end up saving and earning more.

Episodes

April 2, 2024 30 mins

We’ve reached the end of Season 2 of The Nudging Financial Behaviour Podcast. In this episode, you’ll get some bonus questions and answers from all of our guests for the season. We’ve asked them to analyse their own financial behaviour when it comes to the many biases we unpacked throughout the season. 

It’s really great to see that we are all human and even people who are experts in finance and behavioural finance can fall prey to...

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We’re wrapping up Season 2 of The Nudging Financial Behaviour Podcast and asking all of our guests for the season some interesting questions about their own financial behaviour. We extract some final additional wisdom to help all of us make better financial decisions. You don’t want to miss the final episode of the season!

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March 26, 2024 32 mins

In this episode of The Nudging Financial Behaviour Podcast, we’re looking at how you can overcome Home Bias by chatting about diversification. This is a risk management strategy for investing and a vital part of any investment portfolio. 

To help us really understand diversification, we’ve got the queen of ETFs and of spreadsheets Nerina Visser as our guest. Nerina gives plenty of practical tips to help you get to grips with your p...

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Episode 9 of The Nudging Financial Behaviour Podcast is coming soon and we’re continuing our discussion on home bias by looking at diversification. We’ve also got Nerina Visser as our guest to help with some very practical tips.

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March 19, 2024 28 mins

Home bias is just what it sounds like – you prefer to choose things that are closer to home. For investing, this can mean that you have too many assets in your portfolio that are linked to the country you’re living in or the company you work for – and this can lead to major problems. 

One of Gizelle’s former PHD students, Shreeya Jugnandan, is our guest for this episode. Shreeya actually unpacked Home Bias for her thesis. She found...

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March 15, 2024 1 min

It’s the home stretch for season 2 of the Nudging Financial Behaviour Podcast and we’re kicking it off by exploring Home Bias in episode 8. We’ve also got some practical tips for avoiding this bias from Dr Shreeya Jugnandan. She delivered a framework to help us manage our biases (generally) when making decisions – you don’t want to miss that!

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In this episode of The Nudging Financial Behaviour Podcast, we’re looking at two biases that are all about the order in which you receive information and how that can impact the way you make decisions. These are the Primacy Effect (also known as First Impression Bias) and Recency Bias. They’re similar but not quite the same. 

To help us with our discussion and to give us some more insights into how our biases can impact the way we ...

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We’ve got a two-for-one special happening in episode 7 of The Nudging Financial Behaviour Podcast! We’re discussing First Impression Bias (or the Primacy Effect) and Recency Bias. We also chat to Kristia van Heerden about the reality of stop-losses and some strategies for trading success. Make sure you stay tuned for the discussion – coming next week. 

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Availability bias is all about how we are influenced by information that is readily available, and how we often don’t do enough research before making decisions. In episode 6 of The Nudging Financial Behaviour Podcast, we’re breaking down this bias and taking a look at just how big an impact it can have when we aren’t focusing on the bigger picture or doing the right research. 

Our guest for the episode is professor Hersh Shefrin –...

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It pretty much goes without saying that any decision we make is based on the information we have at hand – and this is where availability bias comes in. We’re talking to professor Hersh Shefrin in episode 6 of The Nudging Financial Behaviour Podcast to help unravel this bias. And of course, we can’t chat to him without talking about two treacherous emotions: fear and greed! 

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February 27, 2024 31 mins

Impression management is exactly what you think it is – tactics and strategies deployed to manage the impression you have of someone or something. What’s important to know is that loss aversion and the understanding of how that impacts human behaviour is a large part of those impression management tactics. 

For episode 5 of The Nudging Financial Behaviour Podcast, we’re calling on someone from outside of the finance and investing c...

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Did you know that it’s possible to use loss aversion to your benefit? This is where impression management comes in, and this is what we’re covering in episode 5 of The Nudging Financial Behaviour Podcast.

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We’re still looking at loss aversion in episode 4 of The Nudging Financial Behaviour Podcast – that’s right, it’s a big topic! Today, we’re breaking down the disposition effect, which is all about how loss aversion manifests itself in the world of investing. 

Our guest is Professor Terry Odean from the Haas School of Business at the University of California in Berkeley. He is a prolific author and researcher on the topic of behavio...

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It’s time to look at how loss aversion manifests itself in our investing decisions – introducing the disposition effect. 

Episode 4 of The Nudging Financial Behaviour Podcast is coming soon! 

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In episode 3 of The Nudging Financial Behaviour Podcast, we’re looking at uncertainty and how it differs from risk. This discussion is all about known and unknown probabilities. We also unpack two biases – The Gambler’s Fallacy and The Hot-Hand Effect. 

We thought that the best way to really get to grips with these biases was to chat to someone who knows a lot about trading. Our guest is Garth Mackenzie, a prolific trader with plen...

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Did you know that there’s a difference between risk and uncertainty? It can totally change the way you look at making financial decisions. 

In episode 3 of The Nudging Financial Behaviour Podcast, we dive even deeper into our discussion on risk and loss aversion. 

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February 6, 2024 31 mins

Loss aversion is a big bias. It can impact us in so many ways – causing us to make strange decisions about money. This bias can actually cause you to become risk seeking when you’re faced with a possible loss and then risk averse when you have a gain on your hands. Yes, that’s quite complex behaviour… so we break it down for you carefully. 

Our guest for episode 2 is Dr Greg Davies. He heads up the behavioural finance division of O...

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February 2, 2024 1 min

And just like that, we’ve hit the ground running with season 2! The second episode of the Nudging Financial Behaviour Podcast is coming soon. 

We’re continuing our discussion from episode 1 with an in-depth look at loss aversion and how that can impact our trading decisions. 

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January 30, 2024 28 mins

To kick off season 2 of The Nudging Financial Behaviour Podcast, we’re talking about a big topic – risk. Risk aversion and risk tolerance are two big concepts that you need to wrap your head around if you want to understand one of the strongest pulls on how and why you make specific decisions about your money. 

To help us unpack risk tolerance, we have high performance coach, trainer and trading consultant Steve Ward as our first g...

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Are you ready for season 2 of The Nudging Financial Behaviour Podcast? Episode 1 is dropping soon – so stay tuned! 

In this episode, we’re jumping right into talking about risk and understanding how your ability to tolerate risk can impact your money decisions. 

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