AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Modern Wisdom
#531 - Russ Roberts - An Economist’s Guide To Life’s Big Decisions
Sep 26, 2022
Russ Roberts, economist and Stanford research fellow, shares his insights on navigating life's big decisions. He discusses the limitations of economic models in matters like marriage and parenthood, emphasizing the interplay of rationality and emotion. Learn about Darwin's quirky checklist for marriage, the anxiety of procrastination, and the balance between pleasure and meaning in decision-making. Roberts also explores the uniqueness of transformative experiences and the role of self-awareness amid uncertainty, providing a refreshingly human perspective on life's choices.
01:00:42
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Rational decision-making falls short when it comes to important life decisions that involve values and meaning beyond immediate pleasure or pain.
- Decisions like marriage, having children, and choosing a career cannot be reduced to simple calculations and expected outcomes.
Deep dives
The Limitations of Rational Decision-Making
Rational decision-making falls short when it comes to important life decisions that involve values and meaning beyond immediate pleasure or pain. The economist toolkit of cost-benefit analysis and maximizing utility may not be applicable in these situations.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode