Benis Kumar's guest appearances

Benis Kumar

The AlphaMind Podcast 

The Break School

Annie Duke

John Locke

Chris Cain

Tara Swart

Brian Keating

Garth Friesen

Steven Goldstein

Jack Schwager

Linda Raschke

Aaron Beverly

Richard Matthews

David Keller

Greg Zuckerman

Jim Simons

Tom Canfield

OwlTail

This is our third episode in the personal finance series where we try to learn how to save money to do what we love from a Behavioural Science perspective. Behavioural Science tries to understand why humans behave the way they do &amp; then design effective systems to influence human behaviours for better outcome. My guest today is Benis Kumar Moses. Benis is a Behavioural Architect at India’s leading Behavioural Science consulting firm Finalmile Consulting. His close to two decades of experience in financial services market offers him a deep understanding about people and their relationship with money. We discuss about the biases that stops us from saving money, how to reduce the gap between what we intend to do &amp; what we do and how to improve our ability to deal with uncertainty. You can find the list of all resources and links mentioned in the episode at https://thebreakschool.com/saving-money Questions from the episodes -  What is Behavioral science? (02:09) Why does there exists huge gap between what we intend to do and what we really do? (03:36) What systems can we build to reduce Intent – Action gap? (06:44) How can recreating the decision making context help us reduce intent action gap? (08:56) Can automating a few processes ensure that individuals follow rules and regulation they have decided to follow? (12:51) What is Prospect theory? Can it help us understand why we don’t save money? What kind of biases stops us from saving money? (20:24) Is there any thing else other automating our saving that could help us save more? (25:26) Our goal is here is to save enough money to do what we love. Can you suggest a way to allocate my assets, a broader framework? (31:33) Does tracking your expenses help reduce your expense? (34:35) Can you name some of the tools or professional who you think can help people redefine their relationship with money? (36:50) What are the basic financial concepts that every individual must be aware of? (39 min,14) How can we improve our ability to take risks? (41:24) 3 big Take Aways (46:19)

This is our third episode in the personal finance series where we try to learn how to save money to do what we love from a Behavioural Science perspective. Behavioural Science tries to understand why humans behave the way they do &amp; then design effective systems to influence human behaviours for better outcome. My guest today is Benis Kumar Moses. Benis is a Behavioural Architect at India’s leading Behavioural Science consulting firm Finalmile Consulting. His close to two decades of experience in financial services market offers him a deep understanding about people and their relationship with money. We discuss about the biases that stops us from saving money, how to reduce the gap between what we intend to do &amp; what we do and how to improve our ability to deal with uncertainty. You can find the list of all resources and links mentioned in the episode at <a href="https://thebreakschool.com/saving-money" rel="nofollow" target="_blank">https://thebreakschool.com/saving-money</a> Questions from the episodes -  <ol><li>What is Behavioral science? (02:09)</li> <li>Why does there exists huge gap between what we intend to do and what we really do? (03:36)</li> <li>What systems can we build to reduce Intent – Action gap? (06:44)</li> <li>How can recreating the decision making context help us reduce intent action gap? (08:56)</li> <li>Can automating a few processes ensure that individuals follow rules and regulation they have decided to follow? (12:51)</li> <li>What is Prospect theory? Can it help us understand why we don’t save money?</li> <li>What kind of biases stops us from saving money? (20:24)</li> <li>Is there any thing else other automating our saving that could help us save more? (25:26)</li> <li>Our goal is here is to save enough money to do what we love. Can you suggest a way to allocate my assets, a broader framework? (31:33)</li> <li>Does tracking your expenses help reduce your expense? (34:35)</li> <li>Can you name some of the tools or professional who you think can help people redefine their relationship with money? (36:50)</li> <li>What are the basic financial concepts that every individual must be aware of? (39 min,14)</li> <li>How can we improve our ability to take risks? (41:24)</li> <li>3 big Take Aways (46:19)</li></ol>

How to save money? Lessons from Behavioural Science with Benis Kumar Moses

Benis is a partner and behavioural scientist with 'Final Mile', the world’s leading Behavioural Architecture Consultancy. Behavioural Architecture seeks to solve complex issues and problems where conventional approaches fall short. It does this by exploring issues through the lens of Cognitive Neuroscience, Behavioural Economics, and Design Concepts. Benis heads Final Mile's Financial Market arm which seeks to help businesses and people engaged in financial markets to make improvements which lead to improved decision-making and stronger performance. In this fascinating interview Benis tells us about Final Mile's philosophy and approach to problem solving around human performance in financial markets. We explore key behavioural findings that have emerged in their work, how we as human are impacted by biases, and how we largely absolve and avoid trying to understand and correct these.  This interview moves beyond the normal discussions on biases, emotions and systematic behavioural limitations to explore at a much deeper level how these impact trading and investing performance and how people can start to address these.You can find out more about Final Mile's outstanding and highly impactful work in many fields on their website at https://finalmile.inAlphaMind: Powering Performance in Global Markets AlphaMind brings powerful change, growth and development to people and businesses within global markets. Driven by a deep understanding of how markets work, and how people and businesses function within them, we partner with clients to create personal performance improvements that elevate returns across their trading activities.Go to the AlphaMind website to know more.

Benis is a partner and behavioural scientist with 'Final Mile', the world’s leading Behavioural Architecture Consultancy.  Behavioural Architecture seeks to solve complex issues and problems where conventional approaches fall short. It does this by exploring issues through the lens of Cognitive Neuroscience, Behavioural Economics, and Design Concepts.  Benis heads Final Mile's Financial Market arm which seeks to help businesses and people engaged in financial markets to make improvements which lead to improved decision-making and stronger performance.  In this fascinating interview Benis tells us about Final Mile's philosophy and approach to problem solving around human performance in financial markets. We explore key behavioural findings that have emerged in their work, how we as human are impacted by biases, and how we largely absolve and avoid trying to understand and correct these.  This interview moves beyond the normal discussions on biases, emotions and systematic behavioural limitations to explore at a much deeper level how these impact trading and investing performance and how people can start to address these. You can find out more about Final Mile's outstanding and highly impactful work in many fields on their website at <a href="https://finalmile.in" rel="nofollow" target="_blank">https://finalmile.in</a>AlphaMind: Powering Performance in Global Markets AlphaMind brings powerful change, growth and development to people and businesses within global markets. Driven by a deep understanding of how markets work, and how people and businesses function within them, we partner with clients to create personal performance improvements that elevate returns across their trading activities. Go to the <a href="https://alpha-mind.net" rel="nofollow" target="_blank">AlphaMind</a> website to know more.

#21 Benis Kumar - Behavioural Finance and Trading Biases