Finance Got It WRONG About Human Behavior with Prof. Meir Statman (Audio)

About this episode

Yair Klyman interviews Meir Statman about the intersection of finance, human behavior, and well-being.

What if wealth isn't just about maximizing returns — but about maximizing well-being ? In this episode of Resilient Riches , Yair Klyman sits down with Meir Statman , one of the founding voices of behavioral finance, to explore how money, emotion, values, and life satisfaction are deeply intertwined. Dr. Statman has spent over 50 years teaching and researching finance, holding academic positions at institutions including Columbia University, the Hebrew University of Jerusalem, and Santa Clara University. He is the author of A Wealth of Well-Being: A Holistic Approach to Behavioral Finance , a groundbreaking book that challenges the traditional idea that people are purely rational wealth-maximizers. In this conversation, Yair and Dr. Statman move beyond spreadsheets and returns to discuss how people actually experience money — and why so many financially successful individuals still feel anxious, constrained, or afraid to spend what they've earned. They explore real-world questions clients wrestle with every day: Why do people fear running out of money even when the numbers clearly say they won't? Why is spending from savings emotionally painful for so many people? How do values…

People in this episode

Host: Yair Klyman

Guest: Meir Statman

Topics covered

• behavioral finance
• wealth and well-being
• money and emotions
• financial decision-making
• life satisfaction
• family dynamics

Keywords

• behavioral finance
• wealth
• money
• emotions
• financial decisions
• life satisfaction
• spending
• values

Mentioned in this episode

Organizations: Columbia University, Hebrew University of Jerusalem, Santa Clara University

Books & works: A Wealth of Well-Being: A Holistic Approach to Behavioral Finance

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