The Foundational Principles Behind Financial Decision-Making

08/04/2025 32 min
The Foundational Principles Behind Financial Decision-Making

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Episode Synopsis

Welcome to the very first episode of The Bridge to Knowledge with David Barol, a podcast designed to help you navigate the complex world of finance and economics with clarity and confidence. Before we jump into the regular content and conversation, let’s first lay the foundation for ​what you can ​expect.Here’s some of what we discuss in this episode:📚 Learn the difference between normative and empirical thinking💡 What is the concept of guns vs butter?🔍 Embrace uncertainty using concepts like confidence intervals⚖️ Understand how public policy trades off between equity and efficiency⏳ Why now—not later—is the best time to start planning your financial futureWebsite: https://bridge2k.com/ Submit a Question of the Day: https://bridge2k.com/#submissionform David’s Books: https://bridge2k.com/#resources Check us out on YouTube: https://www.youtube.com/channel/UCEQMy8iOVFb8TKRxjSRpGVg

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