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Action Design Radio

Action Design Radio explores a variety of topics through the lens of behavioral science and psychology. Hosts Erik Johnson and Zarak Khan interview experts and practitioners to learn about cutting edge behavioral research, and how to practically apply it to fields like public policy and consumer products. The podcast is supported by the Action Design Network, a 501(c)3 non-profit organization founded in 2012 to promote the use of behavioral economics and psychology with over 10,000 members across the US and Canada.
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Now displaying: March, 2020
Mar 27, 2020

Dan Egan, Director of Behavioral Finance and Investing at Betterment, joins our hosts Erik and Zarak to discuss financial and investment behavior during times of crisis. What does today’s coronavirus pandemic have in common with previous crises that negatively impacted the economy and financial markets? What is unique to this particular situation? How have most investors responded so far? What roles do fear, control, and adaptability play? How can we better leverage basic behavioral science concepts such as nudging and mental accounting? What is the relationship between physical health, mental stress, and financial decision-making? What are some things we can be doing from home to help ourselves and others during this time?

These questions and more are answered in this latest episode. Take a deep breath, try to relax (maybe turn off the news and social media notifications for a few minutes), and enjoy!

Mar 18, 2020

Stephen Wendel is the Head of Behavioral Science at Morningstar, a leading provider of independent investment research. He and his team of behavioral scientists and practitioners specialize in savings and investing behavior, as well as digital products that help individuals manage their money more effectively. He founded the Action Design Network in 2012 and has authored three books, the most recent of which is titled “Spiritual Design: Enrich Your Spiritual Practice with Lessons from Behavioral Science.” He has graciously made free download of this book available at www.spiritualdesign.co/book.

 

Steve joins our hosts Zarak and Erik to discuss the unique application of behavioral science to spirituality and religion. Many individuals have certain values they want to live by, but fall into the classic trap of "All or Nothing." This happens when we think we need to go to the gym every day if we’re fit; save or invest every penny if we’re financially responsible; or constantly go to houses of worship and give to charity if we value certain beliefs. Since this approach usually isn’t sustainable for most people, Steve explains techniques to design environments for ourselves that are more conducive to following our beliefs and expressing our faith in ways that are doable and fulfilling. 

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