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The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

322. Achieving More with Less: Subtraction Strategies for Success with Leidy Klotz (refreshed episode)

Sep 11, 2023
In this episode, guest Leidy Klotz, a researcher on the psychology of subtraction, discusses how our instinctual preference for addition can obstruct optimal decision-making. He explains that humans tend to add rather than subtract when trying to improve a situation, as it is a visible way to display competence. However, Klotz argues that subtracting can also display competence, but it may require more effort to make it noticeable. The episode explores concepts such as loss aversion and the IKEA effect, and how prioritizing subtraction can lead to achieving goals effectively.
46:15

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Our natural instinct is to add rather than subtract when trying to improve a situation, but subtracting can also display competence and may require more effort to make it noticeable.
  • Prioritizing subtraction can raise awareness of its benefits and enable better decision-making by creating space for improvement and streamlining tasks.

Deep dives

The Power of Subtracting and the Tendency to Add

One of the main ideas discussed in the podcast is the tendency to add rather than subtract when trying to improve a situation. The host and guest talk about how our instinct is to add more, whether it's objects, tasks, or responsibilities. They explore the concept of displaying competence through adding and how it can hinder our ability to consider subtracting. They emphasize the importance of recognizing that subtracting is not a loss, but rather a way to improve the original situation. They discuss mindset shifts and strategies to help overcome the bias towards adding and consider the benefits of subtraction. This includes reframing subtraction as an improvement and valuing the space created by subtraction.

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