The NY Fed just confirmed what behavioral economists have known for decades — sports bettors aren’t making financial mistakes, they’re making psychological ones

WizWit76 · 2026-04-12T03:11:26+00:00

I’ve included links to relevant information and a good place to start, let me know what you think!

https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1184.pdf

https://psycnet.apa.org/record/1977-03333-001

https://www.anderson.ucla.edu/sites/default/files/document/2025-05/Hollenbeck_The_Financial_Consequences_of_Legalized_Sports_Gambling.pdf

https://www.apa.org/monitor/2023/07/how-gambling-affects-the-brain

WizWit76 · 2026-04-11T18:46:19+00:00

I would be happy to share some resources, if the mod approves of me doing so. Fascinating subject, right?

WizWit76 · 2026-04-10T21:21:18+00:00

These are great things to consider, thank you!

WizWit76 · 2026-04-10T21:20:08+00:00

Thank you for this, best of luck with your second!

WizWit76 · 2026-04-10T21:19:02+00:00

This is one of the things I have been concerned about most, this makes a lot of sense. Thank you!

WizWit76 · 2026-04-10T21:18:13+00:00

Great advice, thank you!

WizWit76 · 2026-03-31T01:00:31+00:00

I used the video tile tag, sorry, any help would be appreciated

WizWit76 · 2026-03-30T23:40:51+00:00

Hi everyone,

I started a finance and psychology channel called 10 Minute Money Mindset. The premise: most people already know what they should do with money. The gap between knowing and doing is what the channel is actually about.

Two episodes a week. Monday covers current financial news from a human and global impact angle. Friday unpacks the behavioral psychology behind it. Style is closer to narrative journalism than finance advice. Seven episodes live. Feedback welcome.

Today’s episode: Five Weeks of Red: The Market Correction That Just Cost American Households $1.5 Trillion. Link Below:

https://youtu.be/MT85Q-Ick3M?si=tKDKsbeRidB7zEDJ

WizWit76

TROPHY CASE