{"id":6459,"date":"2021-06-17T12:14:15","date_gmt":"2021-06-17T12:14:15","guid":{"rendered":"https:\/\/newmoneyreview.com\/?p=6459"},"modified":"2021-07-01T14:14:56","modified_gmt":"2021-07-01T14:14:56","slug":"money-mind-games","status":"publish","type":"post","link":"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/17\/money-mind-games\/","title":{"rendered":"Money mind games"},"content":{"rendered":"<p>In <a href=\"https:\/\/blubrry.com\/newmoneyreview\/78413783\/money-mind-games\/\">the latest episode of the <em>New Money Review<\/em> podcast<\/a>, I interview an old friend and former colleague, Paul Craven.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-6461\" src=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/paul_craven-1-scaled.jpg\" alt=\"\" width=\"451\" height=\"301\" srcset=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/paul_craven-1-scaled.jpg 2560w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/paul_craven-1-300x200.jpg 300w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/paul_craven-1-1024x684.jpg 1024w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/paul_craven-1-768x513.jpg 768w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/paul_craven-1-1536x1025.jpg 1536w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/paul_craven-1-2048x1367.jpg 2048w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/paul_craven-1-165x109.jpg 165w\" sizes=\"auto, (max-width: 451px) 100vw, 451px\" \/><\/p>\n<p><em>Paul Craven<\/em><\/p>\n<p>After working for nearly thirty years as an asset manager, Paul is now a consultant, public speaker, coach and author.<\/p>\n<p>He works with a range of clients, from investors to doctors to lawyers and entrepreneurs.<\/p>\n<p>His specialist topic is behavioural economics, which Paul describes as \u201chow real people make real decisions in the real world\u201d.<\/p>\n<p>His insights in this area don\u2019t just come from a successful career in finance: Paul is also a trained magician.<\/p>\n<p>As you\u2019ll hear him talk about on the podcast, we all make mental short-cuts and, sometimes, our minds play tricks on us as a result.<\/p>\n<p>Those short-cuts are exploited by magicians in their performances.<\/p>\n<p>But they can also cause us to make big mistakes when investing.<\/p>\n<p>The tendency for our unconscious mind to take over in certain situations can hamper us in our general lives.<\/p>\n<p>So to help ourselves, we need to be aware as much of our own potential weaknesses as of our own strengths.<\/p>\n<p>In the podcast, we cover the following topics:<\/p>\n<ul>\n<li>What links money and magic?<\/li>\n<li>The power of the unconscious mind<\/li>\n<li>The evolutionary origins of behavioural biases<\/li>\n<li>Countering biases when investing<\/li>\n<li>The herd instinct and financial markets<\/li>\n<li>Intuitive versus logical thinking<\/li>\n<li>Why process beats outcome<\/li>\n<li>Why diversity works<\/li>\n<li>Money relationships versus transactions<\/li>\n<li>The importance of reading and creativity<\/li>\n<\/ul>\n<p><a href=\"https:\/\/blubrry.com\/newmoneyreview\/78413783\/money-mind-games\/\">Listen in to the <em>New Money Review<\/em> podcast<\/a>, the future of money in 30 minutes, to hear more.<\/p>\n<p><em><a href=\"http:\/\/eepurl.com\/du6eTr\">Sign up here<\/a> for the New Money Review newsletter<\/em><\/p>\n<p><em><a href=\"https:\/\/blubrry.com\/newmoneyreview\/\">Click here<\/a> for a full list of episodes of the New Money Review podcast: the future of money in 30 minutes<\/em><\/p>\n<p><span style=\"text-decoration: underline;\">Related content from\u00a0<em>New Money Review<\/em><\/span><\/p>\n<p><a href=\"https:\/\/newmoneyreview.com\/index.php\/2020\/12\/10\/to-be-human-is-to-deceive\/\">To be human is to deceive<\/a><\/p>\n<p><a href=\"https:\/\/newmoneyreview.com\/index.php\/2020\/12\/03\/money-or-markets-which-came-first\/\">Money or markets\u2014which came first?<\/a><\/p>\n<p><a href=\"https:\/\/newmoneyreview.com\/index.php\/2021\/03\/19\/how-to-live-with-polarisation\/\">How to live with polarisation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the latest episode of the New Money Review podcast, I interview an old friend and former colleague, Paul Craven. Paul Craven After working for nearly thirty years as an [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6458,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1013,1012,1053,1011],"tags":[2028,2027,1091,2026],"class_list":{"0":"post-6459","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-account","8":"category-exchange","9":"category-featured-1","10":"category-value","11":"tag-behavioural-economics","12":"tag-magic","13":"tag-money","14":"tag-paul-craven"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Money mind games - New Money Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/17\/money-mind-games\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Money mind games - New Money Review\" \/>\n<meta property=\"og:description\" content=\"In the latest episode of the New Money Review podcast, I interview an old friend and former colleague, Paul Craven. Paul Craven After working for nearly thirty years as an [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/17\/money-mind-games\/\" \/>\n<meta property=\"og:site_name\" content=\"New Money Review\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-17T12:14:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-01T14:14:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/optical-illusion.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"525\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Amery\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ameryp\" \/>\n<meta name=\"twitter:site\" content=\"@newmoneyreview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul Amery\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/17\/money-mind-games\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/17\/money-mind-games\/\"},\"author\":{\"name\":\"Paul Amery\",\"@id\":\"https:\/\/newmoneyreview.com\/#\/schema\/person\/71bdc8f94d4973d4c5bd2a8fe5a83412\"},\"headline\":\"Money mind games\",\"datePublished\":\"2021-06-17T12:14:15+00:00\",\"dateModified\":\"2021-07-01T14:14:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/17\/money-mind-games\/\"},\"wordCount\":313,\"publisher\":{\"@id\":\"https:\/\/newmoneyreview.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/17\/money-mind-games\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/06\/optical-illusion.jpg\",\"keywords\":[\"behavioural economics\",\"magic\",\"money\",\"Paul Craven\"],\"articleSection\":[\"ACCOUNT\",\"EXCHANGE\",\"Featured\",\"VALUE\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/17\/money-mind-games\/\",\"url\":\"https:\/\/newmoneyreview.com\/index.php\/2021\/06\/17\/money-mind-games\/\",\"name\":\"Money mind games - 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