सफल निवेशक संवाद: The Hidden Force that Drives Our Behaviour

In the second episode of this new #Hindi #podcast, Safal Niveshak Samvaad, we discuss the idea of 'incentives' and how they are a hidden yet powerful driving force in our actions and conduct. #safalniveshak #samvaad
USEFUL RESOURCES:
1. Vishal on Twitter: x.com/safalniv...
2. Anshul on Twitter: x.com/_anshulk...
3. Vishal's podcasts -
a. The One Percent Show - www.safalnives...
b. The Inner Game - www.safalnives...
4. The Sketchbook of Wisdom (English) - book.safalnive...
5. Vishal's free newsletter on money, investing, decision-making, and life - www.safalnives...
6. Vishal's online course on Value Investing - Mastermind - www.safalnives...
7. Shruti Rajagopalan’s paper on Bhopal Gas Tragedy - shrutiraj.com/...
8. The Cobra Effect - www.safalnives...
9. ⁠Social Norm Vs Market Norm - johnmjennings....
10. Why insects get attracted towards light - www.nature.com...
11. What do you desire? By Alan Watts - ethanmaurice.c...
12. Graffiti story - www.safalnives...
13. Poor Charlie's Almanack - amzn.to/4aMnxMb
* * *
Timeline
0:56 Introduction to the power of incentives and how they shape our behaviour
2:54 The Cobra Effect - Unintended consequences of incentives
6:00 How we are surrounded by misaligned incentives and how to deal with them
7:34 Story of my friend who suffered from misaligned incentives of his financial advisor
11:42 Why doctors don't want the same treatment they advise their patients
15:12 Bhopal gas tragedy - Good and bad sides of incentives
23:58 Principal-Agent problem: Why investors suffer at the hands of bad managers
27:10 Why have C-section surgeries surged in India
32:39 Conduct of board of directors, Satyam Computers, Reliance Power IPO rating
38:27 Misaligned incentives in education
39:35 Incentives that drive us - The graffiti story
42:06 What do you desire? By Alan Watts
44:25 Conclusion