Mental Models: Motivations That Drive You - Our Basic Human Values Part 1: #47

Our basic human values drive us. In this episode we discuss values in detail from both an investing and psychological perspective. Our mental models of other people’s behavior and our own can helps us to predict steps management might take in a company that we are considering purchasing. We discuss a variety of the basic human values outlined by Schwartz. Note that these have been examined across numerous cultures. All cultures show evidence of these values, but they are expressed somewhat uniquely- just like individuals. We have all of these values available in our psychology, but we emphasize some more than others in our daily lives and over the course of our human development. We talk conservatism, openness to change, benevolence, universalism, achievement, and power. We discuss how these values are embedded and carried out within the networks of our brain. The pie chart of basic human values theory by Shalom Schwartz, will help you navigate Episode #47: "Mental Models: Motivations That Drive You". Listen here on the Mental Models Podcast website: https://www.mentalmodelspodcast.com/post/motivations-that-drive-you-basic-human-values-47. Don’t miss Part 2 of Mental Models: Motivations That Drive You: Basic Human Values-Part 2 where we provide applied examples of the investing world. We also encourage you to review Mental Models Podcast Episode #2 "Value Drives our Lives! Your Brains Response to Value and Investing" which is a similar but different perspective on the human value system and its relationship to our brain; listen on Apple Podcast https://podcasts.apple.com/us/podcast/value-drives-our-lives-your-brains-response-to-value/id1458795155?i=1000434905197 or SoundCloud https://soundcloud.com/user-682136294/2-value-drives-our-lives-your-brains-response-to-value-how-it-affects-our-investing-lives …Buy…our BOOK “Understanding Behavioral Bia$” to learn more about overcoming biases that are keeping you from investment success! http://amzn.to/2XHtsOE Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of Mental models Podcast. #mentalModels #MentalModelsPodcast #UnderstandingBehavioralBias #Bias #DecisionMaking