Outsmart the System: How Psychology Hacks Your Money Decisions - Raghavendra Rau

00:00 // Welcome & Behavioral Finance Overview 02:00 // Why We Make Bad Financial Decisions 05:54 // Choice Architecture: Designing Better Financial Systems 08:38 // Save More Tomorrow: A Behavioral Approach to Saving 14:23 // Defaults, Inertia & Loss Aversion in Finance 19:15 // Pricing Tricks & Commitment Traps 24:39 // Framing, Salience & Mental Accounting 28:48 // Building Financial Slack & Emergency Planning 32:10 // How Governments Use Behavioral Nudges 34:14 // Complexity and Hidden Taxes 45:28 // Making Stimulus Payments Work Better 48:37 // When Behavioral Nudges Backfire 58:04 // Nudges in the Workplace & Ethical Questions 01:00:26 // Final Thoughts on Behavioral Finance Watch the Q&A session here:    • Q&A: Outsmart the System: How Psychology H...   Ever feel like the financial world works against you? This lecture discusses "behavioral finance" – how our brains get tricked by money matters. We will explore how to use these insights to your advantage, navigate conflicts of interest with financial "experts," and make smarter decisions for yourself and your investments. This lecture was recorded by Raghavendra Rau on the 16th of June 2025 at Barnard's Inn Hall, London Raghu is the Mercers School Memorial Professor of Business He is also the Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School. The transcript of the lecture is available from the Gresham College website: https://www.gresham.ac.uk/watch-now/o... Gresham College has offered free public lectures for over 400 years, thanks to the generosity of our supporters. There are currently over 2,500 lectures free to access. We believe that everyone should have the opportunity to learn from some of the greatest minds. To support Gresham College's mission, please consider making a donation: https://www.gresham.ac.uk/get-involve... Website: https://gresham.ac.uk X: https://x.com/GreshamCollege Facebook:   / greshamcollege   Instagram:   / greshamcollege   Bluesky: https://bsky.app/profile/greshamcolle... TikTok:   / greshamcollege   Support Us: https://www.gresham.ac.uk/get-involve...