Himalaya: Listen. Learn. Grow.

4.8K Ratings
Open In App
title

Mental Models Podcast It's not a brain in a jar, that's the gist!

Dr. Daniel Krawczyk & George Baxter, JD, CFA

5
Followers
0
Plays
Mental Models Podcast It's not a brain in a jar, that's the gist!

Mental Models Podcast It's not a brain in a jar, that's the gist!

Dr. Daniel Krawczyk & George Baxter, JD, CFA

5
Followers
0
Plays
OVERVIEWEPISODESYOU MAY ALSO LIKE

Details

About Us

All about your brain & obtaining real-world behavioral finance knowledge! Listeners have access to original and engaging discussion of behavioral finance and cognitive bias.

Latest Episodes

Mental Models: Compassion & Revisit #47 Our Basic Human Values: #62

Compassion and our basic human values drive us. In this episode we revisit a popular episode, and discuss values in detail from both an investing & psychological perspective. Our mental models of other people’s behavior. As the market turns…Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Join Dr. Dan Krawczyk, host of Mental Models Podcast and Deputy Director of the Center for BrainHealth(Dallas TX)and Bonnie Pitman (former director of the Dallas Museum of Art, Bonnie is a national leader in the public engagement of art) for a FREE virtual talk on compassion. How can we become more compassionate? How do our brains accomplish compassion? What effects does compassion have on others and on ourselves? They will tell us more about the biology and psychology of compassion, who will explain the benefits of leading a compassionate lifestyle. Bonnie will also teach us skills and methods for us to refine our practices to become more compassionate individuals. LOCATION Virtual: A link to access the event will be provided upon registration. DATE: 9/17/2020 TIME: 7:00-8:00 PM (central time) TICKETS: Free! Pay it forward by sharing with a friend. REGISTER (copy and paste link) https://brainperformanceinstitute.force.com/BPI/evt__QuickEvent?id=a233u000001UUaG Links: Chart of Basic Human Values by Schwartz: https://en.wikipedia.org/wiki/Theory_of_Basic_Human_Values Mental Models Podcast Episode #2 "Value Drives our Lives! Your Brain Response to Value and Investing" listen on Apple Podcast https://podcasts.apple.com/us/podcast/value-drives-our-lives-your-brains-response-to-value/id1458795155?i=1000434905197 or SoundCloud https://soundcloud.com/user-682136294/2-value-drives-our-lives-your-brains-response-to-value-how-it-affects-our-investing-lives Mental Models: "Inside Bill's Brain: Decoding Bill Gates": #28 listen on Apple Podcast https://podcasts.apple.com/us/podcast/mental-models-inside-bills-brain-decoding-bill-gates-28/id1458795155?i=1000453548100 Teed, A. R., Rakic, J., Mark, D., & Krawczyk, D. C. (2019). Relative activation patterns associated with self-transcendent and self-enhancement core values: An fMRI study of basic human values theory concepts in males. Social Neuroscience, 25,1-14.

19 min1 w ago
Comments
Mental Models: Compassion & Revisit #47 Our Basic Human Values: #62

Mental Models: Is Spotify a Good Investment?: #61

Spotify changing up the podcasting distribution - does it make Spotify a good investment? Spotify is scooping up top podcasters like Joe Rogan and Kim Kardashian to enhance their reach and overall product. Mental Models Podcast is waiting on the phone call from Spotify, we are ready to join the A listers! As the market turns…Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Join Dr. Dan Krawczyk, host of Mental Models Podcast and Deputy Director of the Center for BrainHealth(Dallas TX)and Bonnie Pitman (former director of the Dallas Museum of Art, Bonnie is a national leader in the public engagement of art) for a FREE virtual talk on compassion. How can we become more compassionate? How do our brains accomplish compassion? What effects does compassion have on others and on ourselves? They will tell us more about t...

17 min3 w ago
Comments
Mental Models: Is Spotify a Good Investment?: #61

Mental Models: Investment Decisions in Levitating Market: #60

How does COVID-19 continue to influence market decisions? Online and e-commerce are impacting the market, as is the upcoming presidential election. What opportunities will the stock market provide? Small cap and large cap are seeing growth, and the indices are up, despite the “wall of worry” from possible presidential change. There is a tremendous liquidity put in the market and indices are up. As the market turns…Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE

22 minAUG 6
Comments
Mental Models: Investment Decisions in Levitating Market: #60

Mental Models: Psychology of Disney Stock since Virus Crisis: #59

What is the psychology of HOW Disney stock is traded due to #COVID-19? Disney provides ‘top notch escapism’ via multiple arms of the corporation. Additionally, psychology of Disney power is the ‘autobiographical memories’ associated with the Disney ears, Walt Disney himself, and the Disney Park experience. The stock will likely ride the COVID_19 wave despite, at least 50% of their operations having been impacted by COVID-19. Disney stock has held up; trading from about $150 to about $120. Fortunately, Disney has the ‘Castle in the sky’ AKA Disney Plus. Disney Plus is providing Disney stock with the illusion of doing well. Disney plus may become more habit forming during the pandemic or more people will buy Disney Plus for greater variety with more family time at home. For now, Disney Plus is not enriching Disney stock value, but the illusion of the ‘castle in the sky’ is likely keeping the stock stable. The recent reopening of Disney World in Florida has surely added to the stabilization of Disney stock. Due to these psychological factors we are cautiously optimistic, that the future for Disney stock looks rosy…also, when companies have a draw down they proactively make transitions to improve product and strengthen stock value in the future. In Chineses the symbol for crisis is the same for opportunity. What opportunities will the stock market provide? Listen to Mental Models Podcast show #60 to learn more about stock opportunities (coming soon). Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Links: Bob Igor CEO of Disney retires when stock was at $125. https://www.nytimes.com/2020/02/25/business/media/bob-iger-disney-ceo.html Disney Stock Price https://www.marketwatch.com/investing/stock/dis Autobiographical Memory https://en.wikipedia.org/wiki/Autobiographical_memory

23 minJUL 24
Comments
Mental Models: Psychology of Disney Stock since Virus Crisis: #59

Mental Models: Where is stock market going…crash?: #58

Risk is always a part of investing but even more with the unknowns of opening and closing of the economy. Another factor driving the market is the money the feds are pumping out. Also, the influx of Robinhood accounts, driven by the lack of outlet for risky behavior (i.e. sports betting) and the stimulus checks. What happens to the stock market when sports open back up and those investors jump ship? There is a gap between Main Street and Wall Street, where will it take the market? Fear, Stress, and Optimism are driving the current market. Continue to listen to Mental Models Podcast for updates on the current state of the market. Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Links: Discussed but not recomending…Bar stool investing with Davey at Bar Stool Sports https://www.barstoolsports.com Robinhood accounts for individual investors. https://robinhood.com/us/en/

22 minJUL 11
Comments
Mental Models: Where is stock market going…crash?: #58

Mental Models: Will Toilet Paper Stock Surge During Pandemic?: #57

Everyone needs toilet paper! The initial increase in buying of toilet paper (AKA tissue paper) at the start of the COVID-19 crisis was likely due to a hoarding response, which is an instinctive psychological bias response found in nature. Hoarding is not always negative, in this case those that bought lots of toilet paper and hand sanitizer were more prepared. Tissue/Toilet paper made for home use is a different product, then toilet paper made for a public toilet. Although hoarding may not be continuing, more time is being spent at home has changed the needs for public vs home toilet/tissue paper. Thus, there is an increase in tissue products for at home use, and likely an increase in private label AKA store brand use of tissue. Why? Once you have tried private label tissue you may not feel there is much of a difference, and you can save money. With more people out of work, private label brand tissue will be one way they can save money. However, the ‘status quo bias’ also known as the default effect will keep us buying name brand tissue products over private label. It avoids us having to take a risk of an unknown product, which might result in money wasted if we don’t like the private label product. Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE

20 minJUN 25
Comments
Mental Models: Will Toilet Paper Stock Surge During Pandemic?: #57

Mental Models: Psychology of Pandemic be Physically Distant while Socially Engaged: #56

Psychological research can inform our behavior during the COVID-19 pandemic. How do we decide what is the most effective response and how we will act? Follow along with the research article from Nature Human Behaviour “Using Social and Behavioral Science to Support COVID-19 Pandemic Response” (link below). First, as humans we have a tribal response, and we stick with our group and take advice from our group leader. Who we listen too depends on our tribal orientation. Other factors on advice we follow, is if the advice is relevant to us - ‘think globally, but act locally’. Which can lead to group effects, see the link below on the study of the longest lines, which is linked to group conformity. Third, we will also follow modeled behavior of those we respect. Also, it is important that leaders reach all people through a diversity of perspectives, think MORAL behavioral and the benefits to all. Most important be wary of ‘idea inoculation’. Which is when the initial idea is presented in a weak argument, resulting in people not following the advice. For example, think of individuals who might wear a recommended face mask on their chin, vs. over their mouth and nose. A better argument to encourage engagement with wearing face masks, and protect from ‘idea inoculation’ is: “when you are wearing a mask, it protects you from me”. Final thought, keep physically distant and stay psychologically engaged for stress reduction and positive health outcomes. For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE

23 minJUN 12
Comments
Mental Models: Psychology of Pandemic be Physically Distant while Socially Engaged: #56

Mental Models: Psychological Timeline of Pandemic: #55

Jan. - Feb., 2020 was a period of ‘psychological inoculation’, in that we have heard this before, viruses come and go, like the flu and N1H1, and we will be okay. March - April, 2020 was a period of acknowledgment, that this virus is real and dangerous. Followed by the rapid onset of fear, resulting in a stress response. Fear is usually a quick moment that passes. That has not happened with the pandemic. Stress usually results in action, and there was some actions by individuals and governments that were surprisingly bipartisan and encouraged safety measures. Although these government responses across the world were confusing at times, which increased stress from more unknowns. Continued stress response can be physically and emotionally damaging. Read more on stress in #1 bestselling stress book “Why Zebras Don’t get Ulcers” by Robert M. Sapolsky (link below). For many people there are continued unknowns associated with job loss and financial and or food insecurity which may continuing the fear and stress response long past the current time period. May - June, 2020 is a period of psychological relief from virus concerns in that there is a period of predictability. Good health practices and ‘physical distancing’ are being setup and implemented. Links: “Why Zebras Don’t get Ulcers” by Robert M. Sapolsky https://www.amazon.com/Why-Zebras-Dont-Ulcers-Third/dp/0805073698 Guide to stress and stress related diseases.

31 minMAY 29
Comments
Mental Models: Psychological Timeline of Pandemic: #55

Mental Models: Brain Effects While Working From Home: #54

Norepinephrine sends signals widely throughout the brain that move us into a task motivated stated. A brain regain called the locus coeruleus located in the brain stem is involved in the release of norepinephrine. As we shift to a more passive state, another type of brain cell called astrocytes take over (they get their name from their star shape). Astrocytes cells support neurons in the brain, and are the most abundant glial cells in the brain. A study by Yu Mu et al, 2019 (link below) with Zebra fish shows that Norepinephrine was released when they are moved to actively swim. Meanwhile, astrocyte activity increased when the fish moved to a passive state. When workers get tired, just like the Zebra fish who felt they were not getting anywhere with their swimming, a passive state sets in the brain. To overcome this passive state and increase Norepinephrine release into the brain, take a break or change up work pattern to increase productivity again. Other ways to increase task-engaged brain activity include getting early light exposure and exercising. Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Links: Glia Accumulate Evidence that Actions Are Futile and Suppress Unsuccessful Behavior https://www.cell.com/cell/pdf/S0092-8674(19)30621-X.pdf Decision Fatigue Mental Models podcast…. Russell Foster book on sleep. https://www.amazon.com/Circadian-Rhythms-Short-Introduction-Introductions/dp/0198717687 Video of Dr. Daniel Krawczyk and George Baxter on ETFguide Which Behavioral Traits are Hurting Your Investment Results? https://youtu.be/34VnOUyNgcA Investors are often their own worst enemies. That's what investing great Ben Graham once concluded. In this episode, Lynn Dolan @ETFguide TV talks with Authors Daniel C. Krawczyk and George H. Baxter, JD, CFA about their new book Understanding Behavior BIA$: A Guide to Improving Financial Decision Making. Both men also host the Mental Models Podcast. https://youtu.be/34VnOUyNgcA Other resources for ETFguide TV viewers: 1. Free ETF Guides https://tinyurl.com/y2gep5kj 2. Habits of the Investing Greats https://tinyurl.com/y6cg9n4v 3. Index Investing Show https://tinyurl.com/y3862uaa

11 minMAY 13
Comments
Mental Models: Brain Effects While Working From Home: #54

Mental Models: COVID-19 Stock Market Rallies: #53

Global economy has stalled in early 2020 due to COVID-19 and governments have provided stimuli. The stock market has rallied; SMP is up from the bottom which is the most dramatic rise of the market EVER! CONCERN: exuberance in the market does not take into account the return to normal, as there is a new normal, which is still unknown. Narratives fill the gaps of unknown reality, and the narratives are less reliable than ever before, since analogies are made in the context of experience. Many business will be gone, or have take on significant indebtedness. Largely what has driven the stock market to rally is corporations borrowing at low interest rates, then buying more expensive equity. TWO trillion $ of equity expansion! “Punctuated Equilibrium” by Stephen J. Gould explain the evolution of ecological system of the stock market and the global business system. In the current business world the environmental shifts in business have created a ‘disequilibrium’ due to breaks in business and lifestyle. This alteration in business ecological system is looking for ‘Equilibrium’, which is not likely to occur very soon, and possibly not without a vaccine for COVID-19! Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Links: Robinhood to track individual investors on individual stocks. https://robinhood.com/us/en/ Punctuated Equilibrium by Stephen J. Gould. https://www.hup.harvard.edu/catalog.php?isbn=9780674024441 Peppered moth of UK. https://www.bbc.com/news/science-environment-36424768 Have you heard ‘Mental Models: Reflexivity: #20’ by Mental Models Podcast | Behavioral Finance https://soundcloud.com/user-682136294/mental-models-reflexivity-20

25 minMAY 7
Comments
Mental Models: COVID-19 Stock Market Rallies: #53

Latest Episodes

Mental Models: Compassion & Revisit #47 Our Basic Human Values: #62

Compassion and our basic human values drive us. In this episode we revisit a popular episode, and discuss values in detail from both an investing & psychological perspective. Our mental models of other people’s behavior. As the market turns…Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Join Dr. Dan Krawczyk, host of Mental Models Podcast and Deputy Director of the Center for BrainHealth(Dallas TX)and Bonnie Pitman (former director of the Dallas Museum of Art, Bonnie is a national leader in the public engagement of art) for a FREE virtual talk on compassion. How can we become more compassionate? How do our brains accomplish compassion? What effects does compassion have on others and on ourselves? They will tell us more about the biology and psychology of compassion, who will explain the benefits of leading a compassionate lifestyle. Bonnie will also teach us skills and methods for us to refine our practices to become more compassionate individuals. LOCATION Virtual: A link to access the event will be provided upon registration. DATE: 9/17/2020 TIME: 7:00-8:00 PM (central time) TICKETS: Free! Pay it forward by sharing with a friend. REGISTER (copy and paste link) https://brainperformanceinstitute.force.com/BPI/evt__QuickEvent?id=a233u000001UUaG Links: Chart of Basic Human Values by Schwartz: https://en.wikipedia.org/wiki/Theory_of_Basic_Human_Values Mental Models Podcast Episode #2 "Value Drives our Lives! Your Brain Response to Value and Investing" listen on Apple Podcast https://podcasts.apple.com/us/podcast/value-drives-our-lives-your-brains-response-to-value/id1458795155?i=1000434905197 or SoundCloud https://soundcloud.com/user-682136294/2-value-drives-our-lives-your-brains-response-to-value-how-it-affects-our-investing-lives Mental Models: "Inside Bill's Brain: Decoding Bill Gates": #28 listen on Apple Podcast https://podcasts.apple.com/us/podcast/mental-models-inside-bills-brain-decoding-bill-gates-28/id1458795155?i=1000453548100 Teed, A. R., Rakic, J., Mark, D., & Krawczyk, D. C. (2019). Relative activation patterns associated with self-transcendent and self-enhancement core values: An fMRI study of basic human values theory concepts in males. Social Neuroscience, 25,1-14.

19 min1 w ago
Comments
Mental Models: Compassion & Revisit #47 Our Basic Human Values: #62

Mental Models: Is Spotify a Good Investment?: #61

Spotify changing up the podcasting distribution - does it make Spotify a good investment? Spotify is scooping up top podcasters like Joe Rogan and Kim Kardashian to enhance their reach and overall product. Mental Models Podcast is waiting on the phone call from Spotify, we are ready to join the A listers! As the market turns…Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Join Dr. Dan Krawczyk, host of Mental Models Podcast and Deputy Director of the Center for BrainHealth(Dallas TX)and Bonnie Pitman (former director of the Dallas Museum of Art, Bonnie is a national leader in the public engagement of art) for a FREE virtual talk on compassion. How can we become more compassionate? How do our brains accomplish compassion? What effects does compassion have on others and on ourselves? They will tell us more about t...

17 min3 w ago
Comments
Mental Models: Is Spotify a Good Investment?: #61

Mental Models: Investment Decisions in Levitating Market: #60

How does COVID-19 continue to influence market decisions? Online and e-commerce are impacting the market, as is the upcoming presidential election. What opportunities will the stock market provide? Small cap and large cap are seeing growth, and the indices are up, despite the “wall of worry” from possible presidential change. There is a tremendous liquidity put in the market and indices are up. As the market turns…Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE

22 minAUG 6
Comments
Mental Models: Investment Decisions in Levitating Market: #60

Mental Models: Psychology of Disney Stock since Virus Crisis: #59

What is the psychology of HOW Disney stock is traded due to #COVID-19? Disney provides ‘top notch escapism’ via multiple arms of the corporation. Additionally, psychology of Disney power is the ‘autobiographical memories’ associated with the Disney ears, Walt Disney himself, and the Disney Park experience. The stock will likely ride the COVID_19 wave despite, at least 50% of their operations having been impacted by COVID-19. Disney stock has held up; trading from about $150 to about $120. Fortunately, Disney has the ‘Castle in the sky’ AKA Disney Plus. Disney Plus is providing Disney stock with the illusion of doing well. Disney plus may become more habit forming during the pandemic or more people will buy Disney Plus for greater variety with more family time at home. For now, Disney Plus is not enriching Disney stock value, but the illusion of the ‘castle in the sky’ is likely keeping the stock stable. The recent reopening of Disney World in Florida has surely added to the stabilization of Disney stock. Due to these psychological factors we are cautiously optimistic, that the future for Disney stock looks rosy…also, when companies have a draw down they proactively make transitions to improve product and strengthen stock value in the future. In Chineses the symbol for crisis is the same for opportunity. What opportunities will the stock market provide? Listen to Mental Models Podcast show #60 to learn more about stock opportunities (coming soon). Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Links: Bob Igor CEO of Disney retires when stock was at $125. https://www.nytimes.com/2020/02/25/business/media/bob-iger-disney-ceo.html Disney Stock Price https://www.marketwatch.com/investing/stock/dis Autobiographical Memory https://en.wikipedia.org/wiki/Autobiographical_memory

23 minJUL 24
Comments
Mental Models: Psychology of Disney Stock since Virus Crisis: #59

Mental Models: Where is stock market going…crash?: #58

Risk is always a part of investing but even more with the unknowns of opening and closing of the economy. Another factor driving the market is the money the feds are pumping out. Also, the influx of Robinhood accounts, driven by the lack of outlet for risky behavior (i.e. sports betting) and the stimulus checks. What happens to the stock market when sports open back up and those investors jump ship? There is a gap between Main Street and Wall Street, where will it take the market? Fear, Stress, and Optimism are driving the current market. Continue to listen to Mental Models Podcast for updates on the current state of the market. Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed book “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Links: Discussed but not recomending…Bar stool investing with Davey at Bar Stool Sports https://www.barstoolsports.com Robinhood accounts for individual investors. https://robinhood.com/us/en/

22 minJUL 11
Comments
Mental Models: Where is stock market going…crash?: #58

Mental Models: Will Toilet Paper Stock Surge During Pandemic?: #57

Everyone needs toilet paper! The initial increase in buying of toilet paper (AKA tissue paper) at the start of the COVID-19 crisis was likely due to a hoarding response, which is an instinctive psychological bias response found in nature. Hoarding is not always negative, in this case those that bought lots of toilet paper and hand sanitizer were more prepared. Tissue/Toilet paper made for home use is a different product, then toilet paper made for a public toilet. Although hoarding may not be continuing, more time is being spent at home has changed the needs for public vs home toilet/tissue paper. Thus, there is an increase in tissue products for at home use, and likely an increase in private label AKA store brand use of tissue. Why? Once you have tried private label tissue you may not feel there is much of a difference, and you can save money. With more people out of work, private label brand tissue will be one way they can save money. However, the ‘status quo bias’ also known as the default effect will keep us buying name brand tissue products over private label. It avoids us having to take a risk of an unknown product, which might result in money wasted if we don’t like the private label product. Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE

20 minJUN 25
Comments
Mental Models: Will Toilet Paper Stock Surge During Pandemic?: #57

Mental Models: Psychology of Pandemic be Physically Distant while Socially Engaged: #56

Psychological research can inform our behavior during the COVID-19 pandemic. How do we decide what is the most effective response and how we will act? Follow along with the research article from Nature Human Behaviour “Using Social and Behavioral Science to Support COVID-19 Pandemic Response” (link below). First, as humans we have a tribal response, and we stick with our group and take advice from our group leader. Who we listen too depends on our tribal orientation. Other factors on advice we follow, is if the advice is relevant to us - ‘think globally, but act locally’. Which can lead to group effects, see the link below on the study of the longest lines, which is linked to group conformity. Third, we will also follow modeled behavior of those we respect. Also, it is important that leaders reach all people through a diversity of perspectives, think MORAL behavioral and the benefits to all. Most important be wary of ‘idea inoculation’. Which is when the initial idea is presented in a weak argument, resulting in people not following the advice. For example, think of individuals who might wear a recommended face mask on their chin, vs. over their mouth and nose. A better argument to encourage engagement with wearing face masks, and protect from ‘idea inoculation’ is: “when you are wearing a mask, it protects you from me”. Final thought, keep physically distant and stay psychologically engaged for stress reduction and positive health outcomes. For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE

23 minJUN 12
Comments
Mental Models: Psychology of Pandemic be Physically Distant while Socially Engaged: #56

Mental Models: Psychological Timeline of Pandemic: #55

Jan. - Feb., 2020 was a period of ‘psychological inoculation’, in that we have heard this before, viruses come and go, like the flu and N1H1, and we will be okay. March - April, 2020 was a period of acknowledgment, that this virus is real and dangerous. Followed by the rapid onset of fear, resulting in a stress response. Fear is usually a quick moment that passes. That has not happened with the pandemic. Stress usually results in action, and there was some actions by individuals and governments that were surprisingly bipartisan and encouraged safety measures. Although these government responses across the world were confusing at times, which increased stress from more unknowns. Continued stress response can be physically and emotionally damaging. Read more on stress in #1 bestselling stress book “Why Zebras Don’t get Ulcers” by Robert M. Sapolsky (link below). For many people there are continued unknowns associated with job loss and financial and or food insecurity which may continuing the fear and stress response long past the current time period. May - June, 2020 is a period of psychological relief from virus concerns in that there is a period of predictability. Good health practices and ‘physical distancing’ are being setup and implemented. Links: “Why Zebras Don’t get Ulcers” by Robert M. Sapolsky https://www.amazon.com/Why-Zebras-Dont-Ulcers-Third/dp/0805073698 Guide to stress and stress related diseases.

31 minMAY 29
Comments
Mental Models: Psychological Timeline of Pandemic: #55

Mental Models: Brain Effects While Working From Home: #54

Norepinephrine sends signals widely throughout the brain that move us into a task motivated stated. A brain regain called the locus coeruleus located in the brain stem is involved in the release of norepinephrine. As we shift to a more passive state, another type of brain cell called astrocytes take over (they get their name from their star shape). Astrocytes cells support neurons in the brain, and are the most abundant glial cells in the brain. A study by Yu Mu et al, 2019 (link below) with Zebra fish shows that Norepinephrine was released when they are moved to actively swim. Meanwhile, astrocyte activity increased when the fish moved to a passive state. When workers get tired, just like the Zebra fish who felt they were not getting anywhere with their swimming, a passive state sets in the brain. To overcome this passive state and increase Norepinephrine release into the brain, take a break or change up work pattern to increase productivity again. Other ways to increase task-engaged brain activity include getting early light exposure and exercising. Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Links: Glia Accumulate Evidence that Actions Are Futile and Suppress Unsuccessful Behavior https://www.cell.com/cell/pdf/S0092-8674(19)30621-X.pdf Decision Fatigue Mental Models podcast…. Russell Foster book on sleep. https://www.amazon.com/Circadian-Rhythms-Short-Introduction-Introductions/dp/0198717687 Video of Dr. Daniel Krawczyk and George Baxter on ETFguide Which Behavioral Traits are Hurting Your Investment Results? https://youtu.be/34VnOUyNgcA Investors are often their own worst enemies. That's what investing great Ben Graham once concluded. In this episode, Lynn Dolan @ETFguide TV talks with Authors Daniel C. Krawczyk and George H. Baxter, JD, CFA about their new book Understanding Behavior BIA$: A Guide to Improving Financial Decision Making. Both men also host the Mental Models Podcast. https://youtu.be/34VnOUyNgcA Other resources for ETFguide TV viewers: 1. Free ETF Guides https://tinyurl.com/y2gep5kj 2. Habits of the Investing Greats https://tinyurl.com/y6cg9n4v 3. Index Investing Show https://tinyurl.com/y3862uaa

11 minMAY 13
Comments
Mental Models: Brain Effects While Working From Home: #54

Mental Models: COVID-19 Stock Market Rallies: #53

Global economy has stalled in early 2020 due to COVID-19 and governments have provided stimuli. The stock market has rallied; SMP is up from the bottom which is the most dramatic rise of the market EVER! CONCERN: exuberance in the market does not take into account the return to normal, as there is a new normal, which is still unknown. Narratives fill the gaps of unknown reality, and the narratives are less reliable than ever before, since analogies are made in the context of experience. Many business will be gone, or have take on significant indebtedness. Largely what has driven the stock market to rally is corporations borrowing at low interest rates, then buying more expensive equity. TWO trillion $ of equity expansion! “Punctuated Equilibrium” by Stephen J. Gould explain the evolution of ecological system of the stock market and the global business system. In the current business world the environmental shifts in business have created a ‘disequilibrium’ due to breaks in business and lifestyle. This alteration in business ecological system is looking for ‘Equilibrium’, which is not likely to occur very soon, and possibly not without a vaccine for COVID-19! Stay safe and healthy out there! For more on best investing strategies, avoiding bias and learning about your brain BUY 5 star reviewed “Understanding Behavioral Bia$” on Amazon - link here: http://amzn.to/2XHtsOE Links: Robinhood to track individual investors on individual stocks. https://robinhood.com/us/en/ Punctuated Equilibrium by Stephen J. Gould. https://www.hup.harvard.edu/catalog.php?isbn=9780674024441 Peppered moth of UK. https://www.bbc.com/news/science-environment-36424768 Have you heard ‘Mental Models: Reflexivity: #20’ by Mental Models Podcast | Behavioral Finance https://soundcloud.com/user-682136294/mental-models-reflexivity-20

25 minMAY 7
Comments
Mental Models: COVID-19 Stock Market Rallies: #53
success toast
Welcome to Himalaya LearningDozens of podcourses featuring over 100 experts are waiting for you.