Discover the impact of time discounting on decision-making, explore the benefits of long-term thinking, and learn how to break free from prioritizing short-term gains over long-term well-being. Support the podcast by checking out advertisers and leaving feedback.
7 ways we are wired to be really dumb + How to become rational
Today's episode covers 7 perception and decision-based cognitive biases that cloud our judgement.
-
Confirmation Bias and NASA
-
Availability Bias and Tornadoes
-
Neglect of Probability Bias and Gambling
-
[Bonus] - Black vs White Swan events and how to avoid being wiped out
-
Hindsight Bias and Dua Lipa
-
Outcome Bias and being Right when we were Wrong
-
Paradox of Choice Bias and the depressing nature of optionality
- How the Time Discounting Bias causes Climate Change
Give it a listen and unmuddy the waters of your mind to become a more rational and clearer thinker.
Further reading:
Further Listening
Enjoyed this episode? Check out the rest of the Cognitive Ciases series:
-
Ego Blindspots: 9 Cognitive Biases to Avoid - [May 7th]
-
Human Nature vs. Money: Battling Irrationality & Thinking Traps [May 19th]
- [YOU ARE HERE] - Confirmation Bias
-
Reality Distortion: The 7 Illusions of Perception Impact Everyone - [June 18th]
-
Cognitive Rigidity: How Einstein Overcame the 5 Biases that Keep Us Stuck - [June 19th]
-
Thinking Fast and Slow: How to Make Better Decisions - [July 12th]
Sponsor - Cozy Earth
Luxury Bamboo sheets and Loungeware that become softer the more you use them.
35% off code 'GROWTH' - CozyEarth.com
Sponsor - SleepyClub
Doctor-approved natural sleeping aid that improves sleep quality. Safe to take every day.
20% discount code 'GROWTH20' - SleepyClub.co.uk
Influence the Show
Growth Mindset pod
Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.
Chapters
00:00 The Confirmation Bias
04:13 The Availability Bias
07:07 The Neglect of Probability Bias
09:11 Black Swan vs. White Swan Events
10:59 The Hindsight Bias
13:46 The Outcome Bias
16:10 The Paradox of Choice Bias
18:52 The Time Discounting Bias
21:06 Becoming More Rational Thinkers
22:06 Wrap Up
Learn more about your ad choices. Visit podcastchoices.com/adchoices