Podcasts · Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
How Mental Accounting Distorts Your Spending
· 9:01 · S5 E208
Episode How Mental Accounting Distorts Your Spending
We explore the 'if it was worth it' heuristic in daily financial decisions. Lucas and Luna examine how people rationalize purchases based on sunk costs rather than future utility, using a specific case of subscription fatigue and the psychology of paying for experiences we no longer enjoy. We break down why we keep bad habits and how to reset your mental ledger.
#BehavioralEconomics #MentalAccounting #DecisionMaking #SunkCostFallacy #ConsumerPsychology #PersonalFinance #FinancialBias #SpendingHabits #LucasAndLuna #FexingoBusiness #BusinessPodcast #EconomicsExplained #MoneyMindset #RationalChoice #CognitiveBias #InvestmentPsychology #SmartSpending #DailyDecisions
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Transcript
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