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Tali Sharot is a leading expert on human decision-making, optimism and emotion. A neuroscientist by trade, Tali combines research in psychology, behavioral economics and neuroscience to reveal the forces that shape our decisions, beliefs and inaccurate expectations of the future. She is currently a visiting professor at MIT, and is also an associate professor of Cognitive Neuroscience at University College London where she directs the Affective Brain Lab. Tali is the author of The Influential Mind, The Science of Optimism, and The Optimism Bias.\\xa0

Our conversation tackles many of the issues Tali has studied in her career, including the optimism bias, sense of control, confirmation bias, behavioral change, and overconfidence.\\xa0 We then touch on some of the applications of her work to investing, including the home country bias, making non-economic financial decisions, active management, emotion-driven decisions, team-based decisions, and research heuristics.\\xa0 Lastly, we learn a few parenting tricks from the Influential Mind.

This conversation took place behind closed doors at the Context Leadership Summit in Las Vegas.\\xa0

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Show Notes

3:18\\xa0 \\u2013 Tali\\u2019s educational path to becoming a cognitive neuroscientist

4:58 \\u2013 Why people make mistakes, optimism bias

7:24 \\u2013 Does optimism bias impact our view of others as strongly as ourselves

9:12 \\u2013 What should we do about our optimism bias

12:37 \\u2013 How does controlling your environment impact how your brain works

14:47 \\u2013 How do we work around our problems in decision making?

17:40 \\u2013 How do you get more people to conform to things that are beneficial

21:11 \\u2013 The impact of different personality types on these tactics

22:05 \\u2013 How do we use this information to impact financial decisions

23:53 -\\xa0 Home country bias among investors

25:00 \\u2013 Is home country familiarity a bad thing?

27:12 \\u2013 Impact of well-being on investment decisions

28:20 \\u2013 Picking stocks because of the illusion of control

29:52 \\u2013 The role of emotion in driving our decisions

32:39 \\u2013 How do you use this information to help individuals or teams make better decisions

36:23 \\u2013 New research

40:41 \\u2013 Raising kids

42:29 \\u2013 Closing questions