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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

It shows you that the way you get compensated matters.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

And when you get compensated for clicks and eyeballs,

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

The measured uncertain message of a doctor or an economist is not as sexy as whatever doomsday scenario is being predicted.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

So understand how they make money, question the tone, and then just make sure they have the right pedigree to be opining on this in the first place.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

Because it's not always the case.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

I turned on the financial news the other day and they had Gene Simmons from the band Kiss talking about cryptocurrency.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

And it's like, what business does some rock star have to tell me about the blockchain, right?

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

Like, turn it off, turn it off.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

Yeah, so for those who want to get as nerdy as I was on my show, you can go check out a book called The Paradox of Choice that is all about this, how more choices actually are worse for us, and they sort of immobilize us and lead us to make worse decisions.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

So The Paradox of Choice is a great book to check out if you're super interested in this.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

If you want the highlight reel, I would give you the following tips.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

First, realize that inaction is a form of decision.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

I think oftentimes we think, well, I don't want to decide, so I just won't decide.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

And we feel that sort of inaction or saying stagnant or accepting the status quo is a form of indecision.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

It's actually a decision unto itself.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

So I think first we have to accept that there's no such thing as not making a decision.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

The second thing that I think we can do is minimize the unimportant decisions in our lives.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

Research suggests that we make 35,000 decisions per day.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

So that puts it at something like 13 million decisions per year.

Australian Finance Podcast
Behavioural Investing | Dr Daniel Crosby, PhD

There's no way that you can make 13 million decisions a year and have them all be