As featured in The Wall Street Journal, Money Magazine, and more!
     

Podcast 18: Financial Snap Judgments and the PowerCost Monitor

This article was written by in Podcast. 2 comments.


Today’s first guest is David Adler, behavioral finance expert and author of Snap Judgment: When to Trust Your Instincts, When to Ignore Them, and How to Avoid Making Big Mistakes With Your Money. Tom Dziubek and I discuss with the author the elements of good financial decision making.

Tom Dziubek also speaks with Peter Porteous, CEO of Blue Line Innovations, creator of the Blue Line PowerCost Monitor. The PowerCost Monitor is a device that can be installed alongside utility meters to build awareness of the levels of energy use within a household to encourage smart decision about reducing energy use and cost.

To listen, use the player above (Adobe Flash required), download the podcast here, subscribe to the podcast RSS feed, or use the iTunes link. Note: open links in a new window (Ctrl-click or Command-click) to avoid interrupting the podcast.

[00:00] Introduction from Tom Dziubek
[00:41] Interview with David Adler, author of Snap Judgment
[01:16] Why people are such poor decision makers with their money
[01:45] The “disposition effect”
[03:20] Money managers using computer models vs. emotions
[05:13] Taking advantage of the disposition effect
[07:38] Snap judgments vs. well deliberated decisions
[09:58] Tips for investors to counteract their tendencies to make snap judgments
[14:19] Interview with Peter Porteous about the PowerCost Monitor
[14:51] Overview of the PowerCost Monitor
[16:20] Installation of the device
[17:22] Compatibility with meters in different countries
[19:16] Frequency interference risks
[19:52] Savings from using the device
[20:42] Portability of data
[22:16] Reaction from the utility companies
[24:26] Blue Line Innovations’ relationship with Black & Decker
[25:15] Battery details for the sensor and monitor
[26:57] End

We always welcome feedback from listeners. If you have any comments for this episode or for any other, or if you have suggestions for future episodes, please leave us comments here or email us at podcast at this domain name.

Updated May 7, 2014 and originally published August 23, 2009. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

Email Email Print Print
avatar
Points: ♦127,455
Rank: Platinum
About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 2 comments… read them below or add one }

avatar David @ DINKS Finance

Seems like podcasts are all the rage for Personal Finance blogs these days. I’ve read about 6 today and you are the second one with a new podcast up.

I’ll add it to my list and try to give it a listen sometime soon.

Reply to this comment

avatar Luke Landes ♦127,455 (Platinum)

Thanks, David! The Consumerism Commentary Podcast was planned for a long time before we got it off the ground.

Reply to this comment

Leave a Comment

Connect with Facebook

Note: Use your name or a unique handle, not the name of a website or business. No deep links or business URLs are allowed. Spam, including promotional linking to a company website, will be deleted. By submitting your comment you are agreeing to these terms and conditions.

Notify me of followup comments via e-mail. You can also subscribe without commenting.

Previous post:

Next post: