))
Understanding the Difference Between Risk vs. Uncertainty: How Ambiguity Aversion Impacts Our Choices
Manage episode 481951016 series 3485712
Content provided by Dr. Bryan Foltice. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Bryan Foltice or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Understanding Ambiguity Aversion: How Uncertainty Affects Financial Decisions
In this episode of the Money Strong podcast, hosted by Dr. Bryan Foltice, we dive into the concept of ambiguity aversion as part of our Psychology Saturday segment.
Bryan explains how individuals prefer known risks over uncertain outcomes and how this affects various aspects of financial decision-making, from stock market behavior to personal finance choices. Real-life examples include investment preferences, insurance purchases, and career decisions.
Bryan also shares his personal experiences and offers practical steps to help listeners overcome ambiguity aversion and make more informed financial choices. Tune in for insights and actionable advice to enhance your financial well-being.
00:00 Introduction to Psychology Saturday
01:42 Understanding Ambiguity Aversion
03:36 Ambiguity Aversion in Finance
07:27 Ambiguity Aversion in Personal Decisions
11:20 Overcoming Ambiguity Aversion
16:54 Conclusion and Call to Action
You can also find more information and free resources at www.bryanfoltice.com and at www.moneystrong.net.
Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net
Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/
Disclaimer: www.bryanfoltice.com/cv
60 episodes
Share
