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Dr. Daniel Crosby

πŸ‘€ Speaker
368 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

Yeah, so Yuval Harari certainly didn't discover this idea, but he does get a lot of credit for popularizing it.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

And I did love Sapiens.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

I thought it was a fantastic book.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

So basically what he talks about in there is that

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

shared narratives are humankind's greatest invention, right?

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

So, you know, more than anything else, you know, COVID aside, like let's pretend we didn't live in a world with COVID.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

Now we'll remind a few years ago.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

So in 2019, my wife and daughter flew to Australia, right?

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

So they flew to Australia because my brother-in-law married a woman, married an Australian woman.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

So my wife and my daughter,

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

flew to Australia.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

They got off the plane in Australia and presumably they bought a sandwich or a water or a drink or whatever.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

And they transacted business with a person from another country who they've never met before and who they'll never meet again in all likelihood.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

And the thing that allowed them to do that was the shared narrative, the shared fiction of money.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

So we have all these shared narratives, like the borders of a country are a shared narrative.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

The laws of a religion or a state or a country are a shared narrative.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

You know, sort of the rules of business, the rules of the road, all of these things are a shared narrative.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

And they allow us to give order and form and function to our world.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

So money is the biggest shared narrative of all.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

But what's interesting and what Harari talks about is because it's a shared narrative and nothing that sort of exists in physical material form, it's subject to some sort of psychological distortions.