My guest today is Nir Eyal, an educator, author, and entrepreneur who is all about connecting psychology, technology, and business.
The topic is his book Hooked: How To Build Habit Forming Products.
In this episode of Trend Following Radio we discuss:
- How behavior and habits can be engineered, and how technology changes our behavior
- The moral implications of habit forming activities
- The difference between habits and addictions
- Breaking "the hook"
- The four areas that "the hook" goes through: trigger, action, variable reward, and investment
- The IKEA example and how value can be built
- Eyal's mentors and influences
- The importance of social feedback from your community
- The WhatsApp deal, and how to deal with your "insane jealousy" of the messaging app deal
- Getting equal pay for equal work, and how that might be embedded in our DNA
- The importance of interface changes when it comes to revolutionary changes in technology
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
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Michael Covel's Trend Following