Feelings in the Decision Making Process: A Reminder About Rationality (EP.38)

<p><span style="font-weight: 400;"><a href= "https://www.pwlcapital.com/resources/factor-investing-with-etfs/">Factor Investing with ETFs White Paper</a><br /> <br /> Today on the show we are taking about the influence of feelings in the decision making process. As investors and as humans in general, we tend towards making decisions based on feelings over rational and well-balanced data collection, that is just part of how we are wired. Here at the Rational Reminder Podcast we want to remind everyone of the importance of balancing these feelings with rationality. This does not mean that we should be making decisions without feelings but just to keep in mind our own biases and how these work to our detriment. In our discussion we cover what a good decision might look like, the two systems of thought as detailed by Daniel Kahneman and the importance of framing when approaching a weighty choice. We also run through a little on the safe savings rate and the ETF model portfolio. We end off with some useful strategies that can help you to make better decisions, especially when it comes to your money. For all this and a whole lot more, be sure to tune in today!</span></p> <p><strong>Key Points From This Episode:</strong></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">The recurrence of feelings in decision making.</span> <strong>[0:03:56.5]</strong></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Lack of data in the safe savings rate research.</span> <strong>[0:05:18.2]</strong></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The ETF model portfolio and where to find it online.</span> <strong>[0:10:53.8]</strong></li> <li style="font-weight: 400;"><span style="font-weight: 400;">A few of the twenty craziest investing facts ever!</span> <strong>[0:12:13.5]</strong></li> <li style="font-weight: 400;"><span style="font-weight: 400;">What is a good money decision?</span> <strong>[0:15:06.1]</strong></li> <li style="font-weight: 400;"><span style= "font-weight: 400