logo
episode-header-image
Oct 2023
50m 34s

Making Better Decisions, The Sophomore J...

MATT BODNAR
About this episode

In this episode we discuss the errors people make in their reasoning and how to correct them, we explain a number of statistical principles to help sharpen your thinking and make you a better decision maker, why every $1 spent on a “scared straight” program creates $400 of cost for the criminal justice system, the illusion of objectivity, why you should NOT rely on your intuition and much more with Dr. Richard Nisbett. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Up next
May 2024
The Power of Choice: Moving from Victim to Empowered Chooser with Jamie George
A thought-provoking conversation with Jamie George about the concepts of agreements and expectations. Jamie shared insights on how expectations can lead to resentment and how shifting to agreements can improve relationships and foster collaboration. We delved into the dynamics of ... Show More
53m 23s
Apr 2024
Smiles That Transform: Unlocking the Power of Positive Energy with Dr. Rich Castellano
In this transformative episode titled "Smiles That Transform: Unlocking the Power of Positive Energy," we delve into the groundbreaking insights of Dr. Rich Castellano, also known as The Smile Doctor, exploring the profound impact of smiles on our personal and professional lives. ... Show More
43m 27s
Mar 2024
The Art of Supercommunication: Unleashing the Power of Connection with Charles Duhigg
In this enlightening episode of "The Art of Supercommunication: Unleashing the Power of Connection," we dive into the transformative power of communication, exploring it as the ultimate superpower that can redefine our relationships and interactions. Our journey takes us through ... Show More
45m 27s
Recommended Episodes
Sep 2021
S E48: Behavioral Economics - We're only human!
We all can make mistakes when faced with choices. Biases and old habits can get in the way of good economic decision making. Betsey Stevenson and Justin Wolfers discuss the way our psychology affects our decisions, and they show how to make better judgements and assess the risks. ... Show More
11m 15s
Aug 2020
S E2: Core Principle 1 - The Cost-Benefit Principle - The Pros & Cons
Making a pros-and-cons list when you’re stuck isn’t a bad piece of advice, it’s actually a staple of Thinking Like An Economist. Betsey Stevenson and Justin Wolfers walk us through thinking about the costs and benefits of every decision, and also warn of red flags that can lead u ... Show More
17m 59s
Aug 2020
S E1: Why Should You Think Like an Economist?
Want to make ‘no regrets decisions’? This podcast will teach you how! Betsey Stevenson andJustin Wolfers are on a mission to equip everyone with key tools from economics that cantruly transform your life: from career dilemmas and financial conundrums to sorting outcomplicated pro ... Show More
15m 26s
Dec 2021
S E53: Economics For All Your Decisions In Life - From Romance to Retirement
Think Like An Economist has taken you on a journey through the economic principles, showing you the tools of economics, and how they can be applied at home and at work. In this season finale, Betsey Stevenson and Justin Wolfers reveal the big life choices they've made using those ... Show More
21m 20s
Mar 2019
Why do we like to be correct?
In this pilot episode of Not Overthinking, we discuss our reasons for starting the podcast, and then have a chat about why we feel the urge to be correct in everyday conversation. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/p ... Show More
40m 1s
Oct 2020
S E14: Gains From Trade - Why Ringo played the drums
Are you doing what you should be doing, and delegating tasks that others should do? Make sure you get the most out of your comparative advantage, as Betsey Stevenson and Justin Wolfers reveal how this economic tool helps run their household. They've written the economics textbook ... Show More
15m 20s
Apr 2021
How Flaws in Your Brain Make You a Better Person & Is Personal Privacy Dead?
With public restrooms, there is a definite YUCK factor. Still, when it comes to choosing which stall or urinal to use, there is a smart strategy to minimize your exposure to germs and bacteria. I begin this episode by telling you which stall should be your first (and second) choi ... Show More
50m 4s
Dec 2021
S E52: Useful Economics in Everyday Life
We're all actors in the economy, with different habits, dilemmas and choices. And economics is about everyday decisions in our daily lives as much as it is about government policy. As economics professors, Betsey Stevenson and Justin Wolfers have honed the ways to show how econom ... Show More
18m 33s
Apr 2021
S E39: Fiscal Policy - Government Spending and Taxes
There's no bigger player in the economy than the government, which can adjust billions of dollars worth of taxes and spending. Betsey Stevenson and Justin Wolfers explain how policymakers can adjust these levers to keep the economy on track.Co-host: Nastaran Tavakoli-Far. Editor: ... Show More
16m 10s
Sep 2020
S E7: Juggling Work and Childcare During a Pandemic
Betsey and Justin help you figure out how to decide how much time to spend working versus looking after your family, when everyone needs more attention these days. Could the decisions you make now affect your career in the future?We’ll be back with a full episode on September 8th ... Show More
7m 58s