Finding Mastery with Dr. Michael Gervais

Frameworks for Better Decision Making | Dr. Eric Johnson

18 snips
Mar 9, 2022
Dr. Eric Johnson, a leading expert in behavioral decision research and Director at Columbia Business School, explores the intricacies of decision-making. He discusses how the presentation of choices can significantly impact our decisions, from organ donation to environmentally friendly products. Eric emphasizes the importance of choice architecture, explaining how simplifying options can lead to better outcomes. He also offers insights on navigating decisions under pressure and the psychological biases that can affect our choices in high-stakes situations.
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INSIGHT

Limiting Choices

  • People limit themselves by the choices they consider.
  • Understanding how people create these choice sets is fascinating.
ANECDOTE

Bedtime Choice Architecture

  • A parent offered their child two bedtime options: finding or bouncing into bed.
  • This gave the child agency while ensuring they went to bed.
INSIGHT

Bad Choice Architecture

  • Choice architecture can be poorly implemented, harming decision-makers.
  • NYC high school applications initially offered an overwhelming 769 choices.
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