Nudging Financial Behaviour

Impression Management - Episode 5 | Season2

Impression management is exactly what you think it is – tactics and strategies deployed to manage the impression you have of someone or something. What’s important to know is that loss aversion and the understanding of how that impacts human behaviour is a large part of those impression management tactics. 
For episode 5 of The Nudging Financial Behaviour Podcast, we’re calling on someone from outside of the finance and investing community to help us understand this topic. Our guest is Candice Burgess-Look – a PR specialist who knows exactly how to create a positive impression for her clients.
 
More about Candice Burgess-Look: 
https://www.linkedin.com/in/candice-burgess-look-895b3537/ 
https://kingofthejungle.co.za/  
More on Prospect Theory: 
https://www.nudgingfinancialbehaviour.com/loss-aversion/  
https://www.nudgingfinancialbehaviour.com/loss-aversion-vs-risk-aversion/ 
Season 1 episode 8 - The Framing Effect: 
https://www.youtube.com/watch?v=RhPYfYHsAmM 
https://nudgingfinancialbehaviour.podbean.com/e/the-framing-effect-episode-8-season-1/  
 
Be sure to like this episode and hit the subscribe button to get notified when the next episode drops.
You can also read more on my blog: https://www.nudgingfinancialbehaviour.com/impression-management-techniques/ 
Or watch to the video version of this podcast episode: https://youtu.be/pInMPXGwLyA 
Special thanks to everyone who has helped put this series together:     
Our sponsor: IG Markets South Africa     
Producer: Faeron Wheeler of F Creations     
Original music and sound mix: Neil Leachman     
Video and editing: Deetlefs Smith and Matthew Carew  
Hair and makeup: Ida Webster     
Set styling: Michelle Murray of Interiors Etc. 
Voice over: Sizo Mphti 

Trailer for Episode 5 – Impression Management

Did you know that it’s possible to use loss aversion to your benefit? This is where impression management comes in, and this is what we’re covering in episode 5 of The Nudging Financial Behaviour Podcast.

The Disposition Effect - Episode 4 | Season2

We’re still looking at loss aversion in episode 4 of The Nudging Financial Behaviour Podcast – that’s right, it’s a big topic! Today, we’re breaking down the disposition effect, which is all about how loss aversion manifests itself in the world of investing. 
Our guest is Professor Terry Odean from the Haas School of Business at the University of California in Berkeley. He is a prolific author and researcher on the topic of behavioural finance and one of the inspirations for my own academic career.
Useful links: 
More about Professor Terry Odean: 
 https://scholar.google.com/citations?user=ubzu7jQAAAAJ&hl=en 
https://www.youtube.com/c/makingsmartfinancialdecisions  
The emerging market study - https://journals.sagepub.com/doi/abs/10.1177/0972652718776861 
Be sure to like this episode and hit the subscribe button to get notified when the next episode drops.  
 
You can also read more on my blog: https://www.nudgingfinancialbehaviour.com/the-disposition-effect/ 
Or watch to the video version of this podcast episode: https://youtu.be/lDDriBM7Zpw 
Special thanks to everyone who has helped put this series together:     
Our sponsor: IG Markets South Africa     
Producer: Faeron Wheeler of F Creations     
Original music and sound mix: Neil Leachman     
Video and editing: Deetlefs Smith and Matthew Carew  
Hair and makeup: Ida Webster     
Set styling: Michelle Murray of Interiors Etc.   
Voice over: Sizo Mphti 
 

Trailer for Episode 4 – The Disposition Effect

It’s time to look at how loss aversion manifests itself in our investing decisions – introducing the disposition effect. 
Episode 4 of The Nudging Financial Behaviour Podcast is coming soon! 

Navigating uncertainty - Episode 3 | Season2

In episode 3 of The Nudging Financial Behaviour Podcast, we’re looking at uncertainty and how it differs from risk. This discussion is all about known and unknown probabilities. We also unpack two biases – The Gambler’s Fallacy and The Hot-Hand Effect. 
We thought that the best way to really get to grips with these biases was to chat to someone who knows a lot about trading. Our guest is Garth Mackenzie, a prolific trader with plenty of exciting stories to tell about his years working on the markets.
 
Useful links: 
More about Garth Mackenzie: 
LinkedIn - https://www.linkedin.com/in/garth-mackenzie-05115a52/   
Talking with Traders - https://iono.fm/c/4983  
Risk, Ambiguity, and the Savage Axioms by Daniel Ellsberg - https://www.jstor.org/stable/1884324  
Belief in the Law of Small Numbers but Amos Tversky and Daniel Kahneman - https://www.stats.org.uk/statistical-inference/TverskyKahneman1971.pdf  
 
Be sure to like this episode and hit the subscribe button to get notified when the next episode drops.
You can also read more on our blog: https://www.nudgingfinancialbehaviour.com/navigating-uncertainty/  
Or watch to the video version of this podcast episode: https://youtu.be/jSbbeBHaW8Y 
 
Special thanks to everyone who has helped put this series together:     
Our sponsors: IG Markets South Africa     
Producer: Faeron Wheeler of F Creations     
Original music and sound mix: Neil Leachman     
Video and editing: Deetlefs Smith and Matthew Carew  
Hair and makeup: Ida Webster     
Set styling: Michelle Murray of Interiors Etc.   
Voice over: Sizo Mphti 

Trailer for Episode 3 – Navigating uncertainty

Did you know that there’s a difference between risk and uncertainty? It can totally change the way you look at making financial decisions. 
In episode 3 of The Nudging Financial Behaviour Podcast, we dive even deeper into our discussion on risk and loss aversion. 

Loss aversion - Episode 2 | Season2

Loss aversion is a big bias. It can impact us in so many ways – causing us to make strange decisions about money. This bias can actually cause you to become risk seeking when you’re faced with a possible loss and then risk averse when you have a gain on your hands. Yes, that’s quite complex behaviour… so we break it down for you carefully. 
Our guest for episode 2 is Dr Greg Davies. He heads up the behavioural finance division of Oxford Risk in the UK and knows a lot about loss aversion. We also chat to him about risk tolerance (our topic from episode 1) because it would be wrong not to! 
Useful links: 
More about Greg Davies: 
LinkedIn - https://www.linkedin.com/in/gregbdavies/  
New vistas in risk profiling - https://rpc.cfainstitute.org/en/research/foundation/2017/new-vistas-in-risk-profiling 
American Economic Association study on the PGA Tour - https://www.aeaweb.org/articles?id=10.1257/aer.101.1.129  
Journal of Personality and Social Psychology medical information study - https://psycnet.apa.org/record/1987-22913-001
 
You can also read more on my blog: https://www.nudgingfinancialbehaviour.com/loss-aversion/
Or watch the video version of this podcast episode: https://youtu.be/9GR4OMTbzIo
Special thanks to everyone who has helped put this series together:     
Our sponsors: IG Markets South Africa     
Producer: Faeron Wheeler of F Creations     
Original music and sound mix: Neil Leachman     
Video and editing: Deetlefs Smith and Matthew Carew  
Hair and makeup: Ida Webster     
Set styling: Michelle Murray of Interiors Etc.   
Voice over: Sizo Mphti 

Trailer for Episode 2 – Loss aversion

And just like that, we’ve hit the ground running with season 2! The second episode of the Nudging Financial Behaviour Podcast is coming soon. 
We’re continuing our discussion from episode 1 with an in-depth look at loss aversion and how that can impact our trading decisions. 

Risk tolerance - Episode 1 | Season2

To kick off season 2 of The Nudging Financial Behaviour Podcast, we’re talking about a big topic – risk. Risk aversion and risk tolerance are two big concepts that you need to wrap your head around if you want to understand one of the strongest pulls on how and why you make specific decisions about your money. 
To help us unpack risk tolerance, we have high performance coach, trainer and trading consultant Steve Ward as our first guest. Steve has written many books on the subject of risk, as well as running his own business that helps people to be better traders – Performance Edge Consulting. 
This season, we’re actually doing a miniseries on risk and loss aversion, and this is the start of the discussion. We’ve got a lot to go through, and it’s going to be fascinating! 
 
More about Steve Ward: 
https://performanceedgeconsulting.co.uk/about-steve/ 
https://www.amazon.com/stores/author/B004O959I6?ingress=0&visitId=2ecff16b-dd8a-48bb-b844-ff3b8000702c  
HUM talk on risk tolerance: https://www.youtube.com/watch?v=-nPvZ1jkaPc
 
Book your tickets for the “Blonde” cast of Legally Blonde The Musical: https://www.webtickets.co.za/v2/Event.aspx?itemid=1536610304  
The “Blonde” cast is performing on the following dates: 
Sunday 4 February at 17h00
Wednesday 7 February at 19h30 
Friday 9 February at 19h30 
Saturday 10 February at 19h30 
Tuesday 13 February at 19h30 
Thursday 15 February at 19h30 
Saturday 17 February at 14h30 
Sunday 18 February at 17h00 
You can also read more on my blog: https://www.nudgingfinancialbehaviour.com/risk-tolerance/
Or watch to the video version of this podcast episode: https://youtu.be/Tu5NCYT0j1s
Special thanks to everyone who has helped put this series together:     
Our sponsors: IG Markets South Africa     
Producer: Faeron Wheeler of F Creations     
Original music and sound mix: Neil Leachman     
Video and editing: Deetlefs Smith and Matthew Carew  
Hair and makeup: Ida Webster     
Set styling: Michelle Murray of Interiors Etc.   
Voice over: Sizo Mphti 

Trailer for Episode 1 – Risk tolerance

Are you ready for season 2 of The Nudging Financial Behaviour Podcast? Episode 1 is dropping soon – so stay tuned! 
In this episode, we’re jumping right into talking about risk and understanding how your ability to tolerate risk can impact your money decisions.