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Our guest is Gary Belsky, author of Why Smart People Make Big Money Mistakes. Looking at the way we spend, save, borrow, invest and waste money, Gary Belsky reveals the psychology underlying irrational financial behavior. In this interview, Belsky explains how you can use the findings of behavioral finance to avoid making some of the most common big money mistakes that most people make. Some of the concepts he will discuss include “loss aversion,” the sunk cost fallacy,” the “status quo bias, ” “anchoring” and “information cascades” among others. Join us for this fascinating look at all the
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