How Stories Drive Our Happiness and Financial Success

How Stories Drive Our Happiness and Financial Success

Stories determine economic and financial outcomes, both our own and the world in aggregate. Here's how to craft and follow stories that will lead to better financial outcomes and greater happiness.

Topics covered include:

  • How financial narratives give us the confidence to take action in the face of uncertainty and potential loss
  • How the greater the stakes, the more we rely on anecdotal evidence rather than statistics
  • Is the world more stable and predictable or in a constant state of disorder
  • How stories determine what we buy and aspire to and how marketers try to influence those stories
  • How stories of fear and greed influenced economic outcomes in the 1920s and 1930s
  • How more precise stories lead to greater confidence and potentially to manipulation.
  • How to get off the hedonic treadmill in order to be happier


Thanks to OurCrowd and Policygenius for sponsoring the episode.

For more information on this episode click here.

Show Notes

Joseph Campbell & The Hero’s Journey by Tamlorn Chase—Odyssey Online

Panarchy: Understanding Transformations in Human and Natural Systems by Lance H. Gunderson

Horisaki Design & Handel

Optimizing SKU Selection for Promotional Display Space at Grocery Retailers by Pak Et al.

The Role of Sentiment in the Economy of the 1920s by Kabiri Et al.

Monetary Policy and the Management of Uncertainty: A Narrative Approach by Bank of England Publications Et al.

Impressed by Numbers: The Extent to Which Novice Investors Favor Precise Numerical Information in a Context of Uncertainty by Batteux Et al.

When poignant stories outweigh cold hard facts: A meta-analysis of the anecdotal bias by Freling Et al.

Narrative Economics: How Stories Go Viral and Drive Major Economic Events by Robert J. Shiller

Walgreens replaced some fridge doors with screens. And some shoppers absolutely hate it by Nathaniel Meyersohn—CNN

Supermarket Facts—FMI

How To Want Less by Arthur C. Brooks—The Atlantic

Related Episodes

294: How Stories Go Viral and Drive Economic Events

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Avsnitt(572)

Should Private Assets, Gold, and Crypto Be Investment Options in 401k and other Defined Contribution Plans?

Should Private Assets, Gold, and Crypto Be Investment Options in 401k and other Defined Contribution Plans?

A new executive order could radically reshape retirement investing by allowing private equity, crypto, and gold in 401(k) plans. This episode examines the factors driving the demand for alternative as...

23 Juli 202520min

Will AI Wipe Out Half of White Collar Jobs or Is There an AI Bubble?

Will AI Wipe Out Half of White Collar Jobs or Is There an AI Bubble?

We explore the compelling questions surrounding artificial intelligence. Will AI create more new jobs than it destroys? Is AI already destroying jobs? Are we seeing overinvestment in companies and inf...

16 Juli 202523min

Mining and the Global Race for Critical Minerals with Kinterra Capital

Mining and the Global Race for Critical Minerals with Kinterra Capital

How the investing landscape is being reshaped by the global race for critical minerals.Topics covered in this conversation between FEG's Greg Dowling and private equity firm Kinterra Capital's co-foun...

9 Juli 202545min

Are Robo Advisors Worth It Even With Tax Loss Harvesting and Direct Indexing?

Are Robo Advisors Worth It Even With Tax Loss Harvesting and Direct Indexing?

We examine how robo-advisors have evolved over the past decade to determine if their services justify the fees they charge.Topics covered include:How large are the top 5 robo-advisorsRobo-advisor fees...

25 Juni 202523min

Climbing the Wealth Ladder with Nick Maggiulli

Climbing the Wealth Ladder with Nick Maggiulli

How our spending, investing, and life strategy change as our net worth grows. We consider how skill, luck, discipline, relationships, and AI can allow us to ascend and, in some cases, descend the weal...

18 Juni 202537min

Stablecoins and CBDCs: Their Rise, Risks and Possibilities

Stablecoins and CBDCs: Their Rise, Risks and Possibilities

Circle Invest, one of the leading stablecoin providers, just went public, and its stock price has tripled. We delve into the growth of stablecoins, their applications, and the associated risks. We als...

11 Juni 202527min

The Future of Power: Energy at a Crossroads with Scott Harland

The Future of Power: Energy at a Crossroads with Scott Harland

From wildfires to AI-driven demand surges, the power grid is under pressure—and so is the investment landscape around it. Scott Harland of Rockland Capital visits with Greg Dowling of FEG to explore t...

4 Juni 202540min

No More AAA - What the U.S. Debt Downgrade Means for Investors

No More AAA - What the U.S. Debt Downgrade Means for Investors

With longer-term U.S. interest rates rising and no plan to reduce the budget deficit, is a U.S. national debt crisis imminent?Topics covered include:Why S&P, Fitch, and now Moody's stripped the U.S. o...

21 Maj 202524min

Populärt inom Business & ekonomi

framgangspodden
badfluence
varvet
rss-jossan-nina
svd-tech-brief
rss-borsens-finest
rss-svart-marknad
uppgang-och-fall
avanzapodden
bathina-en-podcast
rss-dagen-med-di
lastbilspodden
fill-or-kill
rss-inga-dumma-fragor-om-pengar
tabberaset
rss-kort-lang-analyspodden-fran-di
borsmorgon
24fragor
rikatillsammans-om-privatekonomi-rikedom-i-livet
montrosepodden