Dr. Daniel Crosby

America is just a much bigger economy, so it's not quite as damaging.

So this is something that we see people all over the world doing, sort of over-indexing on industries they know, companies they know, countries they know, and thinking they're safe because they've put all their eggs in the basket of the thing they know when actually they're sort of multiplying their risks in a way that's not always apparent to them.

The study kind of blew my mind because it was like way too low on one end and way too high on the other end.

Because it's like...

who are the 30% of people that think they can't beat up a mouse, right?

And then who are the whatever, six or 8% of people who do think they can beat up a grizzly bear.

So it was interesting.

I was less interested in the specifics of the study and more interested in the fact that Americans were always the most overconfident people in the room, which I think is not exactly a secret on the international stage.

Yeah, so I think podcasts are a great way to go.

I will give a shameless plug for my own podcast that's called Standard Deviations.

Nothing makes me happier in life than seeing downloads from across the world.

It's the statistic I follow with the most joy every week is...

is who's tuning in.

So Standard Deviations is my podcast where I talk about these things.

Hidden Brain is another podcast that's excellent.

If you're interested in sort of brain science, if you're interested in sort of the psychology of every day, Hidden Brain by National Public Radio is very good.

In terms of books, of course, again, my books, The Laws of Wealth and The Behavioral Investor, I would read them in that order

The Laws of Wealth is more foundational.

The Behavioral Investor is a little more advanced and builds on those topics.

If I had to pick two outside of the books that I've written, I would say that Nudge, which just came out with a new edition.