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Why People Spend: Expressive and Emotional Benefits of Spending and Investing feat. Meir Statman
Why do you buy a lottery ticket when the odds of winning are one out 200 million? In this episode, Meir Statman, Professor of Finance at St. Clara University, talks about his book Finance For Normal People. Listen as he talks about what drives our hope for wealth, financial security, the need to provide for the family, and the need to give back to our society. Greg and Meir talk about financial facts and human behavior, including overconfidence, hindsight, unrealistic hopes, and exaggerated fear, and we’ll get Meir’s advice on avoiding ignorance, gaining financial knowledge, and better ways…
The skinny
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