Choiceology with Dan Heath
About This Show
What happens when intuition fails us? Listen in as Dan Heath shares stories of irrational decision making--from historical blunders to the kinds of everyday errors that could affect your future. Choiceology, an original podcast from Charles Schwab, explores the lessons of behavioral economics, exposing the psychological traps that lead to expensive mistakes.
Podcasts are for informational purposes only. This channel is not monitored by Charles Schwab. Please visit schwab.com/contactus for contact options.
Most Recent Episode
Swimming with Sharks
Sometimes it seems as if danger lurks around every corner. News reports of events like plane crashes and shark attacks make grave risk to life and limb feel real and imminent. And while there’s no doubt that risk is a part of life, are these the types of events we should really be concerned about?
On this episode of Choiceology with Dan Heath, we examine a bias that affects the way you perceive both risk and reward. We trace how this bias may have helped your ancestors avoid lions lurking in the tall grass—but may also negatively affect your decisions around things like vacations and lotteries.
The episode begins with Ranie Pearce and her harrowing tale of adventure in the middle of the Pacific Ocean. Then you’ll hear an experiment involving sharks—and something even more dangerous—at the Vancouver Aquarium in British Columbia. Finally, author Dan Gardner explains the psychological roots of our common misperceptions about risk and reward.
Rated 5 out of
Digging this first episode
I like the trip you took us on in such a short time, all while making me think... just enough:)
Date published: 2018-02-13