About this source
Erik Angner, Professor of Practical Philosophy and behavioural economist, applies core economic concepts — marginal thinking, opportunity cost, present bias, and overconfidence — to personal wealth-building and life decisions. The episode distils academic economics into actionable frameworks for ordinary investors.
Frameworks extracted
6 totalMINDongoing
The Overconfidence Trap
Expertise builds confidence faster than it builds competence — and experts are the most dangerous victims
FINdays
The Theorem of Modest Greed
If a £500 note were lying on the pavement, someone would already have picked it up
FINmonths
Consumption Smoothing
Match your spending to your lifetime income curve, not just today's balance
SELFweeks
Temptation Bundling
Pair present sacrifices with small immediate rewards to beat present bias
FINongoing
Thinking on the Margin
Every decision should be evaluated at the last unit, not the average
FINmonths
The One Right Answer
If you don't know what you're doing, index funds are your only rational move