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. Public.com allows you to invest in stocks, crypto, and alternative assets. Get started by signing up at Public.com with code PODCAST. Public Lives are designed to help you be a better investor through access to context, information, execs, and analysts. This content is for informational purposes only and is not investment advice. Open To The Public Investing is member of FINRA and SIPC. See Public.com/disclosures for more information. Brokerage services for US-listed, registered securities available on Public are offered by Open to the Public Investing, Inc. (OTTP), member FINRA & SIPC. Brokerage services for securities issued pursuant to Regulation A of the Securities Act of 1933 are offered through Dalmore Group, LLC (Dalmore), member FINRA & SIPC. OTTP and Dalmore are not affiliated entities. Alternative assets are self-custodied and are not covered by SIPC. Alternative assets are speculative, involve substantial risks (including illiquidity and loss of principal). The issuers of these assets may be an affiliate of Public, and Public (or an affiliate) may earn fees when you purchase or sell these securities. Cryptocurrency trading provided by Apex Crypto LLC (NMLS ID 1828849). Apex Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Investment services and the Brokerage Accounts for treasury securities are offered by Jiko Securities, Inc. (“JSI”) member FINRA and SIPC. Securities investments: Not FDIC Insured; No Bank Guarantee; May Lose Value. Banking services and the Bank Account are provided by Jiko Bank, a division of Mid-Central National Bank, Member FDIC.