Loved chatting with @maximillianroth this afternoon on all things investing behaviour!
We're very excited to chat with Behavioral Scientist @ExtonJessica from @ING_news tomorrow at 12 pm EST / 5 pm BST to discuss what actions you can take to overcome your own investing biases.
Interesting take - 'Ambivalent people tend to see both the positive and negative sides to things, and feel conflicted about many topics.' It can feel uncomfortable, but a balanced and nuanced view isn't all bad psyche.co/ideas/the-fence-is…
Predictions of increased spending post pandemic and useful behavioural tips for sticking to the lock-down silver lining - some are saving much more bloomberg.com/news/articles/… via @wealth
One way to be smarter about your financial decisions? Imagine yourself in a hot air balloon bloomberg.com/news/articles/… via @BW
I recently suggested some behavioural investing traps to avoid when share picking and trading thismon.ee/a/9271053 via @ThisIsMoney
Feeling bored can drive changes in behaviour, such as increased novelty seeking and reward sensitivity.... lock-down boredom has also stimulated a range of new spending choices from home improvement to share portfolios
economictimes.indiatimes.com…
Negotiating may feel uncomfortable but can pay off - I've previously found 40% of UK home buyers simply offered what was asked. 35% offered only a little bit less while 17% offered more than the asking price - interesting read from@ThisIsMoney thismon.ee/a/9246497
Building truthful workplaces: 'Many believe white lies to be unavoidable and mostly harmless – perhaps even socially lubricating.' But truth-telling often begets truth-telling, starting small helps psyche.co/ideas/imagine-a-wo… via @psyche_the_mag
'Changing your mind ... requires you to grapple with your own identity. Admitting that you were wrong feels personal.' How to Get Better at Changing Your Mind: treat change as learning and don't make your ideas who you are behavioralscientist.org/your… via @behscientist
A nice read during another lockdown weekend - a lack of variety contracts our perception of time and limits memory creation. But now is the time to embrace routine, while we might not remember a lot of lockdown, we will keep the skills we develop thedecisionlab.com/insights/…
Nice read on understanding behaviour in the “money and happiness” business in a post-covid world advisorperspectives.com/arti…
What to do about your stress spending, according to a behavioral research expert cnb.cx/3oSLiLj
‘Mental money laundering’ lifts constraints on spending morally questionable income - Chicago Booth Review review.chicagobooth.edu/beha… via @chicagoboothrev
Just enjoyed a blast of Atomic Habits by James Clear - did the full book in one day! Sensational New Year reading
Jessica Exton retweeted
“Though consumer-to-consumer sharing has immediate environmental benefits through, for example, decreases in the use of raw production materials, its long-term benefits appear limited,” say @LauraStraeter & @ExtonJessica #EconTwitter bit.ly/3ks7rNC
Just registered! thinkforwardinitiative.com/e… @thinkforward
'When ideas are presented to us, the immediate need is for us to be persuaded. Persuasion, we discover, depends on four factors...' Credibility, authority, relevance and feedback are equally important to objective consideration. forbes.com/sites/eliamdur/20…
Working from home or living at work? A few WFH strategies - create your own commute, focus your workload on a daily “must win”, put “proactive time” on your calendar, reclaim the social in social distancing, run time-management experiments hbr.org/2020/08/how-to-actua…
Having to wait to see the pictures makes it so much more exciting #delayedgratification





