Are You Guilty of These Cognitive Biases?

Your Retirement Elevated Podcast with Scott Dougan

Today’s show is a fun one. Bias is one of our favorite topics, and cognitive bias is fascinating, especially as it relates to money. Find out what these biases are and how to implement more rational thinking into your life.

Article discussed today: https://www.visualcapitalist.com/50-cognitive-biases-in-the-modern-world/

Read more and get additional financial resources here: http://listentoscott.com

What we discuss in this episode:

1:38 – Bias is a favorite topic

3:50 – Dunning-Kruger effect

6:19 - Anchoring

8:16 – Google effect

12:55 – Zero-risk bias

13:37 – Ikea effect

16:21 – Blind spot bias