Your Brain is Playing Tricks On You - 18 Surprising Biases That Control Your Life with Dr. Daniel Crosby

In this episode we discuss why it’s so important to study and understand psychology if you want to master any aspect of life. We look at evolutionary science behind how your brain can often play tricks on you. We share a simple and impactful model from psychology for dealing with stressful and tough situations, and we discuss the dangerous illusion of the “quest for certainty” and how you should actively embrace taking risks in your life with our guest Dr. Daniel Crosby. Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. His most recent book, The Behavioral Investor, provides an expert look at the useful mix of psychology and investment science. His work has appeared in the Huffington Post and Risk Management Magazine, as well as his monthly columns for WealthManagement.com and Investment News.In order to understand how the financial and capital markets work - we have to understand human behavior.Since almost everything we do is largely a function of interacting with humans - in order to understand life, business, the world - we have to understand human behavior and the human mindEvidence based growth is a powerful niche - because the leadership and personal development space is full of voodoo, bad thinking, and wrong common sense The evidence based approach is harder but ultimately much more fulfilling and impactfulThings that have served us well from an evolutionary perspective often serve us poorly in the modern world and the financial markets The human brain hasn’t been upgraded in over 200,000 years. Your 200,000 year old brain is trying to cope with systems that are tens if not hundreds of years old - this leads to a number of problems and issues. We are wired to act - we feel a burning need to take action and do something - and yet often times the best investment strategy is to do nothing The best performing investors are people who either died or forgot about their trading account! “Success begets failure.” As