Standard Deviations with Dr. Daniel Crosby

Latest Episodes:

The One Phrase That’s Always True in Every Situation Aug 15, 2017

Show notes

Let's face it, life is complicated.

That being the case, it tends to defy easy description and silly platitudes. But one phrase proves to be applicable to every market and life circumstance. Listen in to learn the phrase that can humble you in times of prosperity and give you solace in times of struggle.

Should You Trust Your Gut? The Science Behind Intuition and Decision-Making Aug 07, 2017

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We are a nation in love with the idea of trusting intuition, but does it actually help us to make effective decisions? In today's episode we examine some of the research in favor of - and against - this notion of trusting your gut. What emerges is a complex picture that shows intuition to have some real, almost metaphysical power, that is domain specific in the usefulness of its application.

Mastering Self-Awareness: 5 Practical Tips to Combat Overconfidence Bias Aug 01, 2017

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Excessive ego is the enemy of both good living and good investing and yet it is simultaneously a big part of what gets us out of bed in the morning. In this podcast, you'll learn 5 practical ways to make better decisions by beginning to see the world more clearly.

Why You’ll Never Change Anyone’s Mind on Facebook: The Psychology of Online Arguments Jul 25, 2017

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Many of us have had the experience of bickering with friends and loved ones on social media about political, religious or ethical differences of opinion. But does any of it do any good?

In this episode, we examine the persistence of belief, the difficulty in changing minds and the reasons why challenging someone with cold, hard facts may only make them MORE wed to their existing bad ideas.

Why Investing Can Be Physically Painful: Understanding the Stress and Strain Jul 17, 2017

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We commonly speak of how "stressed out" we are today but as recently as a century ago, the idea of stress was viewed as unscientific. In this episode, we talk about the physical psychological impact of stress on investment decision-making and risk appetites. The takeaway? Good investing is so difficult partially because it is physically painful.

The Impact of Storytelling in Investing: Transform Your Strategy with Compelling Narratives Jul 10, 2017

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Stories are powerful means of transmitting information and making sense of our own lives, but do they serve us well as investors? In this episode, we will answer these and other questions by looking at the price of a sequined glove, the performance of initial public offerings and how stories can hijack our brain on the way to our hearts.

Value Investing Explained: How to Overcome Your Bias Against 'Cheap' Investments Jun 29, 2017

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It's counterintuitive, but a growing body of research suggests that you just don't like cheap things. In this episode, we discuss how price as a proxy for quality can be in dangerous in investing and give clues as to how behavioral investors can sever this spurious connection.

Avoid These 10 Pitfalls to Protect Your Financial Future Jun 23, 2017

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Today's episode is a tongue-in-cheek examination of the ten best ways to ruin your investment future.

The Uncomfortable Truth: Why Discussing Money Makes Us Uncomfortable Jun 15, 2017

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We love to fantasize about winning the lottery or buying a yacht, but have difficulty having sensible conversations about money with those we love. Dr. Crosby examines some of the religious, social and behavioral impediments to having conversations about money and issues a challenge to do better.

The Time Will Never Be Right: Stop Waiting, Start Living Jun 06, 2017

Show notes

Our brains are designed to privilege safety and certainty over happiness and growth. Understanding this simple truth, we begin to realize that the time will never be perfect to do the thing we've always dreamed of and learn to press forward in spite of our fears.