Dr. Daniel Crosby - Seek Out the Unexpected
This year on Standard Deviations, we are going to try something a little different. We will be running the episodes weekly now, there will be no guests, each episode will disappear a week after it publishes and we are really going to focus on meaning this season. In this episode, Dr. Daniel Crosby looks at the positive and negative implications of habituation, how we can shake up our daily routine to add joy and purpose into our lives and why diversifying your experiences is just as important as diversifying your portfolio. Educated at Brigham Young and Emory Universities, Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Dr. Crosby's first book, Personal Benchmark: Integrating Behavioral Finance and Investment Management, was a New York Times bestseller. His second book, The Laws of Wealth, was named the best investment book of 2017 by the Axiom Business Book Awards and has been translated into Japanese, Chinese, Vietnamese and German. His latest work, The Behavioral Investor, is an in-depth look at how sociology, psychology and neurology all impact investment decision-making. Daniel was named one of the “12 Thinkers to Watch” by Monster.com, a “Financial Blogger You Should Be Reading” by AARP and a member of InvestmentNews prestigious "40 Under 40". When he is not consulting around market psychology, Daniel enjoys independent films, fanatically following St. Louis Cardinals baseball, and spending time with his wife and three children.
Tune in to hear:
What can we learn from circus animals about learned helplessness and how can we free ourselves from the chains of a small existence we feel we can’t escape?
What are the positive and negative implications of habituation? How does it serve us evolutionarily and how can it hold us back?
How does habituation affect the joy we get from our favorite songs and how can we renew this joy when we’ve overplayed a song?
How can we change things up to disrupt our status quo and tendency for habituation?
Why is diversifying your experiences, and your life overall, just as vital as diversifying your portfolio?
What does Existentialist Jean Paul Sartre mean by his example of a waiter who is “playing at being a waiter in a cafe?” What does Sartre mean that he is acting in “bad faith” and how can we think about this in our own lives?
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