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MichaelAaron Flicker

๐Ÿ‘ค Speaker
211 total appearances
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Appearances Over Time

Podcast Appearances

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

And then you, a few weeks later, buy a $50 ticket to Michigan.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

to a great ski weekend.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

That's going to be an even more enjoyable ski weekend.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

And then, oh no, you realize that they're both on the same weekend and you have to make a choice.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

Should you go with the average $100 ski weekend or the much better $50 ski weekend?

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

54% of people choose the less enjoyable trip just because they had spent more on it.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

So because you wanna be consistent with your past behavior, even though you know you're gonna like it less, you choose the more expensive option.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

And that's just not logical.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

It's just not rational.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

And so it really challenges us to think,

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

are we being more emotionally driven in our actions?

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

Are we truly being more academically, logically focused?

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

And being able to spot those things when they're happening can make us smarter investors.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

They can make us smarter humans.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

So picking up on that thread, Shannon, of the idea that you're going to want to be consistent with your past behavior.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

Once you become an Amazon Prime member, once you join any of these membership services, you're more likely to want to invest and use those services rather than be a switcher.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

One study shows that Prime members spend $110 a month on their Prime buying versus just $38 a month of non-Prime members on their shopping on Amazon.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

So there's a lot more bulk buying when you already have invested in the service or in the membership.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

And it's beyond Amazon.

Motley Fool Money
Interview with MichaelAaron Flicker: Hacking the Human Mind

You see Uber has their Uber One product, $9.99 for $0 delivery freeze.