The Perception of Wealth, Expectations Debt of AI, and Better Investment Decisions | Cass Sunstein

In this episode of Mind Your Money, we talk about how much money it takes for people to feel rich and how social networks influence the perception of wealth. We also discuss how early and exorbitant levels of success can create hidden debt that eventually needs to be repaid, and whether artificial intelligence has earned the hype and investment it has attracted. Morgan and Doug speak with Cass Sunstein, the Robert Walmsley University Professor at Harvard, co-author of Nudge, and author of the upcoming book Decisions about Decisions. Sunstein shares two ways to make better investment decisions, explains why we believe the things we do, and breaks down why loss aversion is an obstacle to economic well-being.

Om Podcasten

Mind Your Money is a podcast by Public.com that examines the relationship between investing, human behavior, and happiness. Hosts Morgan Housel and Doug Boneparth dig into the hidden psychological forces that impact markets and your wallets while sharing timeless philosophies that help build and protect wealth. Public is an investing platform where members can build a portfolio of stocks, bonds, ETFs, crypto, and alternative assets—all in one place. With AI-powered deep fundamental data and custom analysis, Public delivers the context its members need to make better investment decisions.