Wednesday, October 31, 2018

Schwab Choiceology

[5/17/18] Choiceology with Dan Heath

What happens when intuition fails us? Listen in as Dan Heath shares stories of irrational decision making—from historical blunders to the kinds of everyday errors that could affect your future.

Choiceology, an original podcast from Charles Schwab, explores the lessons of behavioral economics, exposing the psychological traps that lead to expensive mistakes.

Episode 1

We can’t all be above average. So why, in certain situations, do we think we’re so special?

Episode 2

It's not always about life-changing decisions—sometimes small changes can make a big impact.

Episode 3

Imagine that you’ve put in effort toward a goal, but things haven’t quite worked out the way you hoped. How do you know when it’s time to let it go?

Episode 4

In a world awash in data, you’d think it would be relatively easy to make informed, objective decisions. But not if you only see what you want to see.

Episode 5

News reports sometimes make it seem as if danger lurks around every corner. And while there’s no doubt that risk is a part of life, do we worry more than we should?

Episode 6

Focusing on a single data point to the exclusion of other information: It’s a tried-and-true negotiating strategy, and it can quickly skew your judgment.

Episode 7

Whether expecting joy or despair, we tend to overestimate the long-term emotional impact of life events.

Season 2 trailer

Season 2 of Choiceology is coming soon! Dan Heath hands the reins over to new host Katy Milkman for this season. Katy brings an incredible depth of knowledge to the show through her work as a professor of Operations, Information & Decisions at The Wharton School. You’ll hear from sports stars, Nobel laureates and everyday people making life-altering choices, and Katy will share useful tools and strategies to improve decision making in your own life. Subscribe for free today on Apple Podcasts, Google Podcasts or wherever you listen. Season 2 launches October 29.

Season 2, episode 1

From ethical behavior to athletic competition, the disproportionate drive not to lose can lead to major mistakes.

Winning feels good. Whether it’s nailing a tricky golf shot or landing a big client for your firm, it’s nice to come out on top. But is it the thrill of victory that pushes you to sink that 10-foot putt or compels you to put in a few extra hours at work? Or is it the fear of losing that motivates you more?

In this episode of Choiceology with Katy Milkman, we examine a bias that affects the irrational way people often react to gains and losses.

Season 2, episode 2

Why is it so tempting to make short-sighted decisions? And what we can do to exert more self-control?