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Why Your Brain Lies About Money Book Summary: Misbehaving: The Making of Behavioral Economics by Richard H. Thaler Ever wonder why you buy things you don't need? Discover the secret of Behavioral Economics. Check the description for a free audio summary! #money #psychology #behavioraleconomics #mindset #finance 🎧 Free Book Summary: https://www.youtube.com/watch?v=xiERa60fPIM 🎧 Podcast: https://podcasters.spotify.com/pod/show/top100financeinvesting/episodes/024-Misbehaving-Richard-Thalers-MIND-BLOWING-Behavioral-Economics-Secrets-Revealed-e2tdg9i 💻 Free month of Kindle Unlimited: https://amzn.to/3ZYVJAK 🎧 Grab audio version for free on an Audible trial: https://amzn.to/3PeeivQ You are not a rational human being. Your brain is lying to you about your money. For decades economists claimed we all make perfect choices to maximize wealth. But look at your last three impulse buys. Does that feel like a perfect calculation? Richard Thaler proved we are actually predictably irrational. We value things more just because we own them. It is called the endowment effect. You will demand more money to sell a mug you own than you would pay to buy that same mug. We hate losing twice as much as we love winning. This mental glitch traps you in bad investments and useless subscriptions. You think you are in control but your subconscious is running a rigged game. The twist is that the world's biggest companies use these exact glitches to make you spend more without noticing. Do you make impulse buys? Tell me your worst one in the comments and subscribe for more brain hacks. Grab the free audio summary in the description. behavioral economics, money psychology, Richard Thaler, financial mistakes, human behavior, wealth mindset, psychology hacks
Why Your Brain Lies About Money Book Summary: Misbehaving: The Making of Behavioral Economics by Richard H. Thaler Ever wonder why you buy things you don't need? Discover the secret of Behavioral Economics. Check the description for a free audio summary! #money #psychology #behavioraleconomics #mindset #finance 🎧 Free Book Summary: https://www.youtube.com/watch?v=xiERa60fPIM 🎧 Podcast: https://podcasters.spotify.com/pod/show/top100financeinvesting/episodes/024-Misbehaving-Richard-Thalers-MIND-BLOWING-Behavioral-Economics-Secrets-Revealed-e2tdg9i 💻 Free month of Kindle Unlimited: https://amzn.to/3ZYVJAK 🎧 Grab audio version for free on an Audible trial: https://amzn.to/3PeeivQ You are not a rational human being. Your brain is lying to you about your money. For decades economists claimed we all make perfect choices to maximize wealth. But look at your last three impulse buys. Does that feel like a perfect calculation? Richard Thaler proved we are actually predictably irrational. We value things more just because we own them. It is called the endowment effect. You will demand more money to sell a mug you own than you would pay to buy that same mug. We hate losing twice as much as we love winning. This mental glitch traps you in bad investments and useless subscriptions. You think you are in control but your subconscious is running a rigged game. The twist is that the world's biggest companies use these exact glitches to make you spend more without noticing. Do you make impulse buys? Tell me your worst one in the comments and subscribe for more brain hacks. Grab the free audio summary in the description. behavioral economics, money psychology, Richard Thaler, financial mistakes, human behavior, wealth mindset, psychology hacks

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