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#413: If an idea dominates the headlines, we notice it.\nBut maybe we shouldn\u2019t.\nToday\u2019s guest, psychologist and behavioral finance expert Dr. Daniel Crosby, says there\u2019s a difference between a prediction that gets repeated, and one that\u2019s likely to unfold.\xa0\nWhat\u2019s salient isn\u2019t accurate, he says. And vice versa.\xa0\nHe also talks about how money problems have morphed over time. He chats about how our evolutionary wiring is at odds with our goals. And he even discusses how we\u2019re wired to be \u2018lazy\u2019 \u2013 and how to work with that tendency instead of fighting an uphill battle against it.\nDr. Crosby researches the intersection of mind and markets. His latest work, The Behavioral Investor, is an in-depth look at how sociology, psychology and neurology impact our investment choices.\xa0\n\nTiming of discussion points as of December 2022:\n03:10: The overlap between psychology and investing + new ideas\n04:41: Counterintuitive behavioral finance discoveries\xa0\n07:27: Money as a \u201chygiene factor\u201d\n08:39: The \u201cnew class\u201d of money problems for the more affluent\n13:44: Factors that impact our financial decisions\n15:22: The influence of evolutionary wiring\xa0\n17:02: Cognitive and physical wiring leading to laziness and group think\n27:45: The benefit of community for investors\n28:52: The four types of behavioral risk: ego, conservatism, attention, and emotion\n36:21: The three E\u2019s of behavior change: education, environment, encouragement\n42:30:\xa0 Confusing things that are loud with things that are likely\n45:21: The risk of managing emotion\n\nFor more information, visit the show notes at https://affordanything.com/episode413\nLearn more about your ad choices. Visit podcastchoices.com/adchoices