The Standard Deviations podcast is a weekly production that looks at money, mind and meaning, all through a psychological lens. Each week, psychologist and New York Times bestselling author Dr. Daniel Crosby interviews a fascinating new guest, experts in everything from finance to literature to wellness. Each guest provides listeners with three concrete ways to apply what was learned that week, ensuring that weekly listening becomes part of a path to a richer life. Episodes are brief, research-based, and designed to fit perfectly within your commute time. So, tune in for practical news that will help you make more, think more and be more.
Learn more by following Dr. Daniel @danielcrosby or visit the website at www.standarddeviationspod.com/
Standard Deviations is presented by Orion.
A debate rages about the impact of emotion on investment decision-making. Some believe it to be a source of signal where others just see noise. In today's episode, we look at some of the research aro…
In most endeavors, staying informed is a positive. So why is it that people who watch less financial news tend to be outperformed than the truly plugged in when considering investing? Listen in to un…
The stock market can be extremely volatile, but with a little understanding of market history and dynamics, you can navigate its ups and downs with greater ease.
On this week's episode we review the evidence around whether or not to hire a financial advisor and offer ten questions for separating great advisors from the not so great.
Investing has been described as simple but not easy. By listening to this podcast, you will understand the 12 steps necessary to create lasting wealth. The implementation? That's up to you.
In this episode, we take on the age old questions:
"Do birds of a feather flock together?"
or
"Do opposites attract?"
We also make the bold statement that your friends are lame and are keeping you fr…
Is investing a game of luck or skill? In this episode, we examine the three criteria needed to distinguish a game of luck from skill and find that financial markets land somewhere in the middle. We t…
It's human nature to worry about low probability/high salience things and ignore threats that are far more immediate and pervasive. Tune in to learn why and what to do about it.
Feedback loops exist in relationships, nature and especially in financial markets. In today's episode, we examine how capital markets operate in boom and bust cycles due to our subjective perceptions…
Can you trust your gut? Well...sometimes. Today on the podcast we look at the two conditions that must be met in order for intuition to be useful.
Even the best-informed intuition is only as good as …
Listen in this week to learn:
It is often assumed that there is a positive, linear relationship between information and market efficiency. It stands to reason, at least to a point, that the more publicly available information we …
We’re all familiar with the term “keeping up with the Joneses” but it’s doubtful that we understand just how deeply ingrained this is in our concept of wealth and success. Each year, a Gallup poll as…
Momentum has existed for hundreds of years and has persisted for two decades post discovery. This sort of staying power in capital markets full of hungry arbitrageurs is always the mark of human psyc…
In this episode we look answer:
How do financial bubbles form?
How likely is a bubble to burst?
How can I know a bubble when I see one?
What seldom-uttered phrase can make you wealthier and more likeable?
Why did a bank robber use lemonade to commit crimes?
Why don't dumb people know how dumb they are?
Your brain is a miracle unrivaled by even the most sophisticated technology, but it is a miracle equipped for a different time and place. After millennia of fighting famine, war and pestilence, we no…
Let me ask you a question, “Do you like laugh tracks?” Didn’t think so.
If laugh tracks are so universally disliked, why do Hollywood executives continue to include them? These executives understand …
How many decisions would you guess that you make in a given day? Take a second, mentally walk through your day and hazard a guess. Most people I ask this question land somewhere around 100, which is …
If bees organize by innate mandate and chimps through tight-knit social interactions, the miracle of human ascendance in the animal kingdom owes to a penchant for behaving in accordance with social n…