Money makes people act in peculiar ways. Psychology lecturer Claudia Hammond examines these irrational behaviors by reeling off known cognitive biases, false assumptions and other mental traps that can cause financial downfalls. Though she aims for breadth rather than depth, Hammond’s lecture offers a clear, organized recap of existing research. getAbstract recommends her quick, useful primer to those who want to achieve “mind over money.”
In this summary, you will learn
- What biases and false assumptions lead people to bad financial choices,
- How to be savvier with money, and
- How to spend to maximize your happiness.
About the Speaker
Claudia Hammond is a psychology lecturer, writer and BBC Radio 4 broadcaster.