Welcome to the Bryan Foltice Behavioral Finance Podcast, where we dive deep into the fascinating intersection of human behavior and financial decision-making. Your host, Dr. Bryan Foltice, aims to embark on this journey with you to explore the quirks, biases, and psychological factors that shape our financial choices. From understanding why we buy high and sell low, to uncovering the emotional drivers behind our investment strategies, each episode will uncover valuable insights to help you n ...
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Money Strong with Randy Brown: Butler's Initiative on Financial Education for All Students
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Send us a text Introducing the Money Strong Program: Empowering Financial Literacy at Butler University In this episode, Bryan introduces his friend and partner, Randy Brown, as they unveil the Money Strong Program at Butler University. Together, they share their journey in developing the program, emphasizing the importance of financial literacy fo…
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Episode 38: Three Untold Truths of Starting Your Own Business
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Send us a text The Untold Truths of Starting Your Own Business | Bryan Foltice Behavioral Finance Podcast Welcome to the Bryan Foltice Behavioral Finance Podcast! In this episode, Bryan shares invaluable insights on starting your own business, focusing on three often overlooked aspects: the overwhelming responsibility, the isolation, and the slow g…
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Episode 37: Master Your Estimates: Understanding and Overcoming the Planning Fallacy
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Send us a text Understanding and Overcoming the Planning Fallacy | Bryan Foltice Behavioral Finance Podcast In this episode of the Bryan Foltice Behavioral Finance Podcast, host Bryan Foltice discusses the 'planning fallacy,' a common cognitive bias where individuals systematically underestimate the time, cost, and risks associated with tasks. Orig…
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Episode 36: The Carry Trade Unveiled: Impacts on Global Markets
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Send us a text In this episode of the Bryan Foltice Behavioral Finance podcast, Bryan discusses the recent market volatility linked to the carry trade, a complex financial strategy involving borrowing in low-interest currencies like the Japanese yen to invest in higher-yielding assets. Using current market data, he provides an in-depth explanation …
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Episode 35: Seeing Clearly: Understanding the Bias Blind Spot
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Send us a text Join Dr. Bryan Foltice in this episode of the Bryan Foltice Behavioral Finance Podcast as he dives into the concept of the bias blind spot. Discover how most of us perceive ourselves as less biased than others and the psychological mechanisms behind this phenomenon. Dr. Foltice discusses the impact of this bias on decision-making and…
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Episode 34: Behavioral Finance Insights: Weighing Active Management and Index Investments
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Send us a text Active vs Passive Management: Analyzing Mutual Fund Performance In this episode of the Bryan Foltice Behavioral Finance Podcast, Dr. Bryan Foltice delves into the debate between actively managed mutual funds and their passive counterparts. He discusses market efficiency, the pitfalls of actively managed funds, and the significant imp…
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Episode 33: Critiquing Dave Ramsey's Retirement Advice: Finding Balance in Withdrawal Rates
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Send us a text In this episode of the Bryan Foltice Behavioral Finance Podcast, Dr. Bryan Foltice discusses the controversy surrounding Dave Ramsey's recommendation of an 8% retirement withdrawal rate. He critiques Ramsey's approach, highlighting its potential risks and compares it with the more conservative 4% rate commonly advised by financial pl…
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Episode 32: Beyond Gains and Losses: Exploring the Disposition Effect
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Send us a text In this episode of the Bryan Foltice Behavioral Finance Podcast, Dr. Bryan Foltice delves into foundational concepts of behavioral finance. He revisits prospect theory, emphasizing our differing sensitivities to gains and losses, and introduces the disposition effect - our tendency to sell winning stocks too early and hold onto losin…
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Episode 31: Behavioral Finance Explains: Why Americans Misunderstand the Economy
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Send us a text Behavioral Finance Explains: Why Americans Misunderstand the Economy In this episode of the Bryan Foltice Behavioral Finance Podcast, Dr. Bryan Foltice discusses a U.S. survey revealing widespread economic misconceptions among Americans. Key findings show that many Americans believe the economy is shrinking, the stock market is down,…
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Episode 30: Retiring Early: Is the FIRE Community the Right Path?
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Send us a text Retiring Early: Is the FIRE Community the Right Path? In this episode of the Bryan Foltice Behavioral Finance Podcast, Dr. Bryan Foltice delves into the FIRE (Financial Independence, Retire Early) movement. He discusses the key principles behind FIRE, including the idea of saving up to 70% of annual income to retire early and live of…
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Episode 29: Unpacking the Phenomenon of Meme Stocks and Investor Behavior
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Send us a text In this episode of the Brtan Foltice Behavioral Finance Podcast, Dr. Brtan Foltice delves into the intriguing world of meme stocks, such as GameStop and AMC Entertainment, and their impact on investor behavior. He introduces key concepts of behavioral finance including noise trader risk and the Greater Fool Theory, explaining how the…
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Episode 28: Money Strong: Empowering College Students for Financial Success
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Send us a text Empowering Students with Financial Literacy: The Money Strong Program at Butler In this episode of the Bryan Foltice Behavioral Finance Podcast, Dr. Bryan Foltice discusses the Money Strong program, a new initiative designed for college juniors and seniors at Butler University aimed at improving their personal finance skills. This pr…
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Episode 27: Travel Sports Meets Behavioral Finance (And It's Not Pretty) - Part 2
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Send us a text Youth Sports Meets Behavioral Finance: A Deep Dive with Dr. Bryan Foltice In this episode of the Bryan Foltice Behavioral Finance Podcast, Dr. Foltice discusses the intersection of youth sports and behavioral finance in the United States. He explores the shift from community-based sports to private, for-profit sports organizations th…
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Episode 26: Travel Sports Meets Behavioral Finance (And It's Not Pretty) - Part 1
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Send us a text The Overwhelming World of Youth Sports: A Behavioral Finance Perspective In this episode of the Bryan Foltice Behavioral Finance Podcast, the discussion centers around the behavioral finance aspects of youth sports in the United States, highlighting the vast changes and increasing pressures families face. Bryan shares personal experi…
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Episode #26 The Intersection of Finance, Creativity, and Life Purpose with Mandi and Bryan Foltice
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Send us a text In this episode of the Bryan Foltice Behavioral Finance Podcast, hosts Bryan and Mandi Foltice delve into the topic of finance in relation to life purpose and future planning. They share personal stories, including Mandi's journey from nursing to pursuing a career aligned with her passion for creativity. They discuss the challenges a…
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Episode 25: Navigating Finances Together: A Couple's Guide to Budgeting and Financial Conversations
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Send us a text In this episode of the Bryan Foltice Behavioral Finance Podcast, hosts Dr. Bryan Foltice and his wife Mandi discuss the evolution of their financial management as a couple. They recount their experiences of merging their finances after getting married, buying a house, and adjusting to new expenses like a dog and personal maintenance.…
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Episode 24: Love, Money, and Marriage: Our Early Financial Journey with Mandi Foltice Part 1
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Send us a text In this episode of the Bryan Foltice Behavioral Finance Podcast, host Dr. Bryan Foltice and his wife Mandi delve into their personal journey of combining finances in their relationship. They discuss their backgrounds, including Mandi's financial situation before they met and how they navigated their differing approaches to money mana…
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Episode 23: Behavioral Finance Gets Personal - Part 4: Navigating Finances in (Second) Marriage
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Send us a text Navigating Finances in Marriage: Part 4 - Personal Finance Series In this episode of the Bryan Foltice Behavioral Finance Podcast, Bryan shares his personal experience of navigating finances in marriage, highlighting the transition from single life through dating to getting married for a second time. Beginning with reflections on his…
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Episode 22: Behavioral Finance Gets Personal - Part 3: Talking with Your Kids About Money
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Send us a text 5 Key Lessons on Teaching Kids About Money | Bryan Foltice Behavioral Finance Podcast In this episode of the Bryan Foltice Behavioral Finance Podcast, Bryan continues the personal finance series by sharing important teaching points for educating children about money. He emphasizes the necessity of open discussions about financial mat…
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Episode 21: Personal Finance Series Part 2: Reflections on Bad Financial Behaviors and Decisions
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Send us a text In this episode of the Bryan Foltice Behavioral Finance podcast, Bryan shares personal experiences with finances, relating both positive and pitfalls. He highlights lessons learned from his childhood about avoiding debt and the importance of saving. These include the "Snake Bite Effect" from buying his first house in Florida at the p…
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Episode 20: Behavioral Finance Gets Personal - Part 1: The Good
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Send us a text In this episode of the Bryan Foltice Behavioral Finance Podcast, Bryan discusses his personal journey to financial independence. Despite being a late bloomer, he outlines how he managed to get a grip on his finances, including paying off all debt except mortgage, maintaining a savings rate of about 25%, maxing out his 401k, saving fo…
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Behavioral Finance Goes Mental - How Mental Health Affects our Life and Finances
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Send us a text In this episode, we dive into the topic of mental health and how it affects our Life and Finances. We also introduce a couple of very important topics: Develop a better understanding on how to change our behavior as well as redefining how it means to be rich (or life a rich/abundant life). 00:00 Introduction 04:12 Changing our Behavi…
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Episode 18: De-Biasing Strategies and Better Understanding Our Behaviors (and Others)
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Send us a text In this episode, we finish the Behavioral Finance Undergraduate course content with an episode devoted to various de-biasing strategies. 00:00 Introduction 04:18 4 Steps to Eliminate Bias 1. Bias Awareness 2. Motivate why the bias is important 3. Direction and Magnitude 4. Ability to eliminate/overcome 10:00 How to Reduce Bias (Actua…
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Episode 17: Retirement Savings Behavior Part 2
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Send us a text In this episode, we continue our discussion on the importance of retirement savings and why most individuals don't save enough. We talk about the mistakes people make with retirement, how to improve spending decisions, and finish with a discussion on why some people save too much. 00:00 Introduction and Short Life Update 03:45 Unders…
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Episode 16: No Do-overs For Retirement Savings - It's All About The Start
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Send us a text In this episode, we begin our discussion on the importance of retirement savings and why most individuals don't save enough. The biggest issue with this is that there are no do-overs for retirement savings, leaving most people ill-equipped for retirement. 👉 Subscribe to our channel to stay tuned: https://cutt.ly/rwfRZWED Defined Cont…
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Episode 15: Understanding Social Norms and How They Influence Our Decisions]
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Send us a text In this episode, we'll explore social norms, which are the unwritten rules and expectations that guide human behavior in a given society. They vary across cultures and can change over time. Here are some key points about social norms: Social norms defined: Social norms are shared expectations within a society about how individuals sh…
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Episode 14 - How GroupThink and Conformity Influence our Decisions - Bryan Foltice Behavioral Finance
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Send us a text In this episode, we'll explore how the concepts of groupthink and conformity influence our decisions, shedding light on how these psychological tendencies influence our decisions, behavior, and society as a whole. Behavioral finance helps us understand how financial decisions around things like investments, payments, risk, and person…
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Selfishness And Altruism - Dr. Bryan Foltice Podcast Explains Forces In Decision-Making
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Send us a text In today's episode, we delve into the intriguing interplay between selfishness and altruism in the realm of decision-making and its impact on financial choices. Behavioral finance helps us understand how financial decisions around things like investments, payments, risk, and personal debt, are greatly influenced by human emotion, bia…
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Episode 12: Overconfidence
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Send us a text In today's episode, we'll dive into the fascinating topic of overconfidence and its implications in the world of finance and decision-making. Link to the 10 Question Overconfidence Survey (Links to an external site).: https://butler.qualtrics.com/jfe/form/SV_3CnkB2H2MN44dQF Overconfidence is a cognitive bias that can lead individuals…
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Episode 11: How Biases and Heuristics Cause Financial Decision-Making Errors
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Send us a text In this four and final podcast on heuristics and biases, we connect the previously learned biases and heuristics of the last three episodes to our financial decision making. 01:47 Heuristics Review 03:05 Diversification Heuristic (Naive Diversification) 11:16 Information Overload on Retirement Investment Decisions 13:52 Ambiguity in …
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Episode 10: Biases and Heuristics Part 3
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Send us a text In this third installment of heuristics and biases, we conclude this theme by discussing some vital biases - exponential growth, amortization, self-selection, and survivorship biases. 00:00 Introduction 02:25 Compound Interest - Exponential Growth Bias (EGB) 07:46 Exponential Growth Math FV=PV*(1+r)^t 09:35 Implications of Exponentia…
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Episode 9: Biases and Heuristics Part 2
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Send us a text In this episode, we continue our exploration into various heuristics and biases. We dive into various biases and heuristics. 00:00 Introduction 03:38 Status Quo Bias 07:58 Endowment Effect 12:50 Wine and Information Overload 19:03 "Representativeness" Defined 20:13 Conjunction Fallacy 25:15 Hot-Hand Effect 30:01 Gamblers Fallacy 32:3…
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Episode 8: Biases and Heuristics Part 1
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Send us a text In this episode, we begin our exploration into various heuristics and biases. We dive into type 1 thinking and explore the pros and cons of our mental shortcuts. 00:00 Introduction 07:40 Background on Biases and Heuristics 08:30 Processing Constraints - Confirmation Bias and Cognitive Dissonance 16:49 3 Perception Issues: Halo Effect…
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Episode #7 - Six Challenges to Market Efficiency
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Send us a text In this episode, we explore various market observations that challenge semi-strong market efficiency. Here, we learn about six challenges of market efficiency and discuss the three issues to arbitrage exploitation. 00:00 Introduction 01:40 Exercise in Market Efficiency - Beauty Contest 09:48 Market Efficiency Forms (Strong, Semi-Stro…
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Episode #6 - Prospect Theory, Framing, and Mental Accounting Part 2
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Send us a text In this episode, we continue our deeper dive on Prospect Theory. Here, we learn about framing and mental accounting that comes with our decision-making, in life and finance. 00:00 Introduction 01:49 Introduction to Framing - Positive/Negative 07:16 Auditory Framing 08:28 Visual Framing 11:05 Value Framing 15:44 Mental Accounting - (S…
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Episode #5 - Prospect Theory and Framing Part 1
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Send us a text In this episode, we continue our conversation on a previous podcast by doing a deeper dive on Prospect Theory. Here, we learn that prospect theory is four-fold and how to understand and use the prospect theory utility function. 00:00 Introduction 04:17 Decision #1 - Gain Domain - Risk Averse 07:06 Decision #2 - Loss Domain - Risk See…
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Episode #4 - Introduction to Market Efficiency
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Send us a text In this episode, we continue our Introduction to Behavioral Finance by looking at the various forms of market efficiency as well as the challenges to these forms that Behavioral Finance brings. 00:00 Introduction 05:09 Capital Asset Pricing Model - Short Review 11:55 Challenging the Capital Asset Pricing Model (Value = Price Always/G…
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Episode #3 - Introduction to Behavioral Finance Part 2
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Send us a text In this episode, we continue our Introduction to Behavioral Finance, continuing to look at how our decisions sometimes violate rational maximized "utility". 00:00 Introduction 03:07 You Are a Sum Total of All Decisions You've Made - Big and Small 09:25 Expected Value Review 11:22 Violation #2 of Expected Utility - Framing - Using the…
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Episode 2: Introduction to Behavioral Finance - Part 1
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Send us a text In this episode, we begin the Behavioral Finance course content with an introduction to Behavioral Finance, starting with a look at how we analyze our utility (read: happiness) and begin to discover how our real-life decisions often violate rational maximized "utility". 00:00 Introduction 04:37 Neoclassical Economics - 3 Assumptions …
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Episode 1: Getting to Know You & Podcast Overview
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Send us a text Welcome to the Bryan Foltice Behavioral Finance Podcast! I hope you enjoy the content and learn all about the topic of Behavioral Finance. I've set up the first few podcasts as mini lectures of my Behavioral Finance course that I teach at Butler University each semester. The goal of this podcast is to provide a comprehensive look int…
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