Thinking About Money and Psychology

Documentary: Thinking Money: The Psychology Behind our Best and Worst Financial Decisions (2014). Most of us have made decisions we regretted the next day. The thrill of the purchase quickly wears off. The emerging field of behavioral economics reveals why and shows that we’re practically hard-wired to overspend, an activity that lights up the brain’s pleasure centers.

In this Maryland Public Television (MPT) documentary, Host Dave Coyne leads viewers through an exploration of what behavioral economics reveals about why we spend, save (or don’t save) and the way we think about money.

In addition to speaking with people on the street, Coyne meets with innovative thinkers who mix economics with psychology. Their experiments and insights into our financial behavior teach us to recognize how our brains and the marketplace can trick us into spending money we shouldn’t.

The video is available for streaming at PBS.org.

Blogger-in-Chief here at RetirementSavvy and author of Sin City Greed, Cream City Hustle and RENDEZVOUS WITH RETIREMENT: A Guide to Getting Fiscally Fit.

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