“The checking account is like the trash can of personal finance.”
Today’s podcast guest, the famed behavioral economist Dr. Dan Ariely, is not a fan of checking accounts. Or supermarket end caps. Or anything that distracts us from our financial goals.
In this episode, he explains why.
Dan Ariely is one of the world’s most renowned behavioral economists. He’s the James B. Duke Professor of psychology and behavioral economics at Duke University.
His TED Talks have been viewed more than 15 million times. In 2018, he was named one of the 50 most influential living psychologists in the world.
He’s the New York Times bestselling author of many books, including Predictably Irrational, a book that challenges our assumptions about our ability to make rational decisions. He also wrote Dollars and Sense, a book about our cognitive biases, and The Honest Truth About Dishonesty, a book about how we lie to everyone, including ourselves.
Dan is also the Chief Behavioral Economist at Qapital, an app that uses lessons from behavioral economics to help its users build stronger money habits.
Dan says he became “engrossed with the idea that we repeatedly and predictably make the wrong decisions in many aspects of our lives and that research could help change some of these patterns.”
He joins us on today’s show to talk about how we can make better decisions with our money during this challenging time.
You’ll enjoy this episode if:
- You can’t get enough of behavioral economics – figuring out the “why” behind our financial decisions.
- You enjoyed our previous interviews with behavioral economists Dr. Steve Wendel, Kristen Berman, and Jeff Kreisler
Resources Mentioned:
- DanAriely.com
- Qapital
- Predictably Irrational, by Dan Ariely
- Dollars and Sense, by Dan Ariely and Jeff Kreisler
- The Honest Truth About Dishonesty, by Dan Ariely
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