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Behavioral Economics

Behavioral Economics

Written by: Circle Of Insight Productions
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Behavioral Economics examines why smart people often make irrational financial and life decisions. Drawing on cognitive psychology and real-world market behavior, this show reveals the hidden biases — anchoring, loss aversion, overconfidence, and more — that shape investing, spending, and economic outcomes. Hosted by a clinical psychologist, it offers practical strategies to improve decision-making and better understand both personal finance and broader market movements.Copyright Circle Of Insight Productions Economics
Episodes
  • The Sunk Cost Trap: Why We Keep Investing in Losing Decisions

    The Sunk Cost Trap: Why We Keep Investing in Losing Decisions
    Oct 11 2026
    Why do intelligent people remain in failing relationships, continue investing in losing businesses, or refuse to abandon projects that clearly aren’t working? The answer often involves the sunk cost fallacy, a powerful psychological bias that makes past investments influence future decisions. In this episode, we explore the behavioral economics of commitment, loss aversion, and why walking away can sometimes be the most rational decision.
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    3 mins
  • The Endowment Effect: Why We Overvalue What We Already Own

    The Endowment Effect: Why We Overvalue What We Already Own
    Oct 4 2026
    Why does something suddenly seem more valuable the moment it belongs to us? Behavioral economists call this the endowment effect, our tendency to demand more money to give something up than we would have been willing to pay to acquire it in the first place. From houses and cars to stocks and old furniture, ownership can quietly distort our perception of value.
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    3 mins
  • The Rebate Trap: Why Making Something Difficult Makes People Give Up

    The Rebate Trap: Why Making Something Difficult Makes People Give Up
    Sep 27 2026
    A bargain can look irresistible until you discover how much work it takes to actually receive it. In an episode of Nathan for You, an extraordinarily cheap gasoline offer came with a rebate process so inconvenient that obtaining the savings became an ordeal. Behavioral economics helps explain why consumers can be attracted by the highly visible reward while underestimating the less visible costs of time, effort, and inconvenience. This episode explores friction costs, salience, present bias, and why even small obstacles can dramatically change human behavior.
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    5 mins
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