Barry Ritholtz speaks to Spencer Jakab, author of The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors, in this Masters in Business podcast. 

This will be a case study for this era of speculation and be just another chapter in books about investing manias and bubbles. Human nature doesn't change so there will be more chapters to be written.

This podcast would be a good supplemental resource to our Behavioral Economics or Investing units given the plethora of cognitive biases displayed. One simple activity idea would be for students to provide examples of these biases as they listen to the podcast. They may even find more too since this is from memory since I was driving at the time. 

• Social proof
• Dunning-Kruger effect
• Loss aversion
• FOMO (fear of missing out)
• Confirmation bias and how people react to challenges to their belief system
• Overconfidence
• Herd mentality

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Looking for more ways to use podcasts in your classroom? Check out NGPF's Podcasts in the Classroom. 

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Want to learn more about Behavioral Economics? Take the NGPF certification course on this topic which starts on Monday, August 8th. Start earning your way to becoming an NGPF Distinguished Educator! 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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