28 min listen
It's Hard To Be Humble
ratings:
Length:
25 minutes
Released:
Feb 12, 2018
Format:
Podcast episode
Description
The Battle of Midway. Saltine crackers. Carnival games. What do these seemingly unrelated things have in common? Well, they’re connected by a common psychological trap—one that affects the way we all make decisions. In this first episode of Choiceology with Dan Heath, we reveal this bias and explain how it affects decisions, big and small. Jonathan Parshall tells the dramatic story of how it influenced the course of history during a World War II battle. A ridiculous cracker-eating contest demonstrates the pitfalls of this bias in real time. And Professor Don A. Moore explains the history and psychology behind the bias and offers advice on how to minimize its effects.
Learn more about how this bias may be affecting your investing outcomes in this article.
Choiceology is an original podcast from Charles Schwab.
If you enjoy the show, please leave a ⭐️⭐️⭐️⭐️⭐️ rating or review on Apple Podcasts.
(0218-8W73)
Learn more about how this bias may be affecting your investing outcomes in this article.
Choiceology is an original podcast from Charles Schwab.
If you enjoy the show, please leave a ⭐️⭐️⭐️⭐️⭐️ rating or review on Apple Podcasts.
(0218-8W73)
Released:
Feb 12, 2018
Format:
Podcast episode
Titles in the series (86)
Everybody’s Doing It: With Guests Tyler Hamilton & Todd Rogers: You’re an independent-minded person. You make choices for yourself based on the best information available. You own your decisions, right or wrong. Right? No so fast. You are, in fact, a social animal. You take many visible and invisible cues on how to behave from the people around you—family, co-workers, friends, social media, even the folks in the elevator or on the bus. So your decisions and behaviors aren’t always as independent as you might think. In this episode of Choiceology with Katy Milkman, we look at a phenomenon that may have you running with the crowd, even when it’s not in your best interest. The episode begins with an experiment. A benign but peculiar behavior appears during an otherwise normal orchestra rehearsal. It starts with a few members but spreads rapidly through the orchestra. What’s causing this behavior, and why is it so contagious? From there we move to a much more consequential behavior in by Choiceology with Katy Milkman