Thinking Fast and Slow: How to make better decisions and avoid hidden mind traps

Decision frameworks and strategies that drive innovation and growth. Jeff Bezos built Amazon which made him the world's richest man. He's had a lot of luck but has consistently stuck to a core group of philosophies and mental models that drive the decisions behind his incredible success. Amazon is more than just an e-commerce juggernaut but a builder of entire ecosystems such as the cloud computing industry (AWS), the e-publishing industry (Kindle) and the world of home devices that talk to each other and you (Alexa). The stories behind these innovations show how to build a culture of growth and inventiveness full of Growth Mindset lessons. 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 Growth Mindset pod Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Success and happiness is a state of mind unique to ourselves and is our responsibility to create. Watch the pod - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Chapters 00:00 #1 Thinking in Primitives 02:52 The Power of Mental Models 03:48 Story - How AWS began 06:27 #2 Customer-Centric Obsession 08:08 Story - Why they built Amazon Prime 10:06 #3 Long Term Thinking 11:22 Story - Launching the Kindle and e-publishing industry 14:05 Willingness to be Misunderstood 14:45 #4 Team - Single Threaded Leadership 15:53 #5 Team - Employ and Empower Builders 16:59 Culture - Meetings are for Decisions 17:58 #6 High-Velocity Decision making - Reversible vs Irreversible Decisions 20:32 #7 Regret Minimization Framework 22:09 Disagree and Commit 23:19 #8 Embrace Failure 24:01 Total Fails - Amazon Fire Phone, Amazon Wallet, Amazon Destinations, Amazon Restaurants 26:19 Importance of Timing and Competition 28:33 #9 Day 1 Thinking 31:15 Useful Bonus points 31:23 Flywheel effect 31:51 Word of Mouth Marketing 32:48 Opposing Belief - Ignoring vs Crushing Competition 34:56 #10 Opposing Belief - Stubborn and Flexible 35:32 Applied to Growth Mindset thinking 39:30 Wrap up Learn more about your ad choices. Visit podcastchoices.com/adchoices

21 Maj 202445min

Manipulation tactics that work - Irrational behaviours that don't - Prediction Fallacies we fall for. In this episode, we dive further into our series on cognitive biases and how they cloud our judgment. Studying applied psychology we can learn how we get manipulated by companies and start to protect ourselves from our own irrationality. Take homes: How to protect ourselves against pricing tactics Reduce irrational decisions Build awareness of the truth Reduce unpleasant surprises Make better investments Further reading: Thinking Fast and Slow - Daniel Kahneman - UK Book - US Book Predictably Irrational - Dan Ariely - UK Book - US Book Further Listening Enjoyed this episode? Check out the rest of the Cognitive Ciases series: Ego Blindspots: 9 Cognitive Biases to Avoid - [May 7th] [YOU ARE HERE] - Human Nature vs. Money Confirmation Bias and the 7 Sins of Lazy Thinking - [June 4th] Reality Distortion and the 7 Illusions of Perception Impact Everyone - [June 18th] Cognitive Rigidity and 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 - LinkedIn Jobs Promote your job for free to over 1 billion professionals. LinkedIn.com/Growth Discussed links Trump given 1% chance of Nominate - 2015 report Forbes - Any Monkey Can Beat the Market Growth Mindset pod Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Success and happiness is a state of mind unique to ourselves and is our responsibility to create. Watch the pod - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Chapters 00:00 SECTION - Framing effects 00:01 #1 Anchoring Bias 02:54 The Opposite Strategy 04:59 #2 Framing Effect 08:06 #3 Decoy Effect 10:45 SECTION - Irrational 10:47 #4 Gambler's Fallacy 16:45 #5 Sunk Cost Fallacy 19:21 SECTION - Bad Prediction Flaws 19:55 #6 Overconfidence Bias 21:30 #7 Information Bias 25:34 Send Off Learn more about your ad choices. Visit podcastchoices.com/adchoices

19 Maj 202429min

Insightful ways to examine your life and better define where it's going. We steal some of the best questions and ideas from different domains that you can try applying to your own life. What is a life worth living Healthy vs toxic aspirations How to abandon what doesn't serve you The illusion of self-importance Our guest today is Jodi Wellman the author of "You Only Die Once" and a source of positive ideas from her work in Applied Positive Psychology. Jodi has a morbid fascination with positive ideas from existential psychology to help brighten your day. As they say "Get busy living, or get busy dying". Sponsor - Cozy Earth Luxury Bamboo sheets and Loungeware that become softer the more you use them. 35% off code 'GROWTH' - CozyEarth.com Sponsor - LinkedIn Jobs Promote your job for free to over 1 billion professionals. LinkedIn.com/Growth Jodi Wellman Book - You Only Die Once Website - Four Thousand Mondays Quiz - How dead or alive are you? Insta - @FourThousandMondays Growth Mindset pod Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Success and happiness is a state of mind unique to ourselves and is our responsibility to create. Watch the pod - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Chapters 00:00 Importance of good questions 01:40 Net-promoter score - Would you recommend your life? 07:24 Abandoning What No Longer Serves You 10:33 Consistent Reminders and Psychological Tricks 14:26 Overcoming the Illusion of Personal Specialness Learn more about your ad choices. Visit podcastchoices.com/adchoices

17 Maj 202420min

How your brain creates movement and why it's interesting. We learn about the movement control centre of the brain, how it is a leading indicator for brain and cognitive health in general and how to optimise it. Important topics How does the motor cortex work exactly How to improve reflexes Repair damage and rewire brain circuits How alcohol and cannabis affect the brain If you like understanding yourself or you want to become a pro athlete or musician the episode is a great place to geek out. Sponsor - Cozy Earth Luxury Bamboo sheets and Loungeware that become softer the more you use them. 35% off code 'GROWTH' - CozyEarth.com Sponsor - LinkedIn Jobs Promote your job for free to over 1 billion professionals. LinkedIn.com/Growth Growth Mindset pod Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Success and happiness is a state of mind unique to ourselves and is our responsibility to create. Watch the pod - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Chapters 00:00 Why the motor cortex makes you cool 02:25 How the Motor Cortex was discovered 04:09 The areas and functions of the motor cortex 07:02 Mentality and Physicaly Link 08:45 Motor Function Impairment and Physical Rehab 11:36 Why you might be a bit Uncoordinated 13:54 Developmental Variation and mindset 14:52 How alcohol and Marijuana impact brain Health and Coordination 17:38 Reflexes and professional training 20:41 Why 10,000 hours makes sense 22:06 Reactions that don't require your brain 24:33 How physical movement affects mental thought 26:43 Wrap up Learn more about your ad choices. Visit podcastchoices.com/adchoices

14 Maj 202429min

The pillars of a happy life lead to increased satisfaction instead of having opposing priorities fight it out. By treating work and life as opposing forces we inevitably end up tipping the scales the wrong way. We can't always subscribe time evenly and things get out of whack. We find there is a much better way by examining the term itself 'Work-life balance". This episode will not only help you find better harmony with your different life projects but also help your awareness and mindsets to the choices you make. Advert - Cozy Earth Luxury Bamboo sheets and Loungeware that become softer the more you use them. 35% off code 'GROWTH' - CozyEarth.com Infinite Play - Nat Eliason This episode was inspired an article from Nat Eliason and his brilliant newsletter Infinite Play - I highly recommend subscribing. Growth Mindset pod Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Success and happiness is a state of mind unique to ourselves and is our responsibility to create. Watch the pod - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Chapters 00:00 Importance vs Dangers of "balancing" 01:56 The number of heartbeats in your life 03:00 Why is finding Balance so complicated 03:50 The importance of words and language 06:50 When balance creates problems 07:50 The pillars of a happy life 09:00 Our obsession with good and bad instead of priorities 11:14 Seeking long-term enjoyment 13:10 Creating satisfaction whilst minimising sacrifice Learn more about your ad choices. Visit podcastchoices.com/adchoices

12 Maj 202416min

Avoid the partnership traps everyone falls into and select and build strong relationships, that last. Matt Higgins is an incredibly successful serial entrepreneur and Shark Tank investor with a personal fortune +$150 million dollars. The unspoken ingredient to his success is relationships. We learn about: Relationship dynamics in successful business ventures Avoiding pitfalls in partner selection The importance of shared values Humility and appreciation for different traits This episode covers the importance of shared values over identical ones, strategies for aligning values in professional settings, and the impact of shared visions in business success. Matt offers practical advice on avoiding pitfalls in partner selection and cultivating strong relationships in competitive environments. Learn from his experiences at the helm of a leading investment firm and how to evaluate partnership potential for long-term success. Advert - Cozy Earth Luxury Bamboo sheets and Loungeware that become softer the more you use them. 35% off code 'GROWTH' - CozyEarth.com Matt Higgins VC Firm - RSE Ventures Insta - @MHiggins X - @MHiggins LinkedIn - Matt Higgins RSE Book - Burn The Boats Growth Mindset pod Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Success and happiness is a state of mind unique to ourselves and is our responsibility to create. Watch the pod - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Chapters 00:00 Rates of relationship failure 02:50 Arranged Marriages in Bangladesh and burning the boats 06:43 Identical vs Shared Values 10:33 How do you know someone is the one? 12:24 Attachment Styles and Self-Awareness 17:57 How do you mentor a CEO to become more self-aware? 19:15 Wrap up Learn more about your ad choices. Visit podcastchoices.com/adchoices

10 Maj 202423min

Build self-awareness and recognise the mind traps we easily fall into every day. We examine 9 different cognitive biases related to Ego and how we can spot them. Learn: When our ego serves us or sabotages us Why we fall in love for the wrong reasons How our bias to perceive ambiguity as hostility almost triggered a Nuclear war From panicking over getting some ketchup on our trousers to explosive road rage, cognitive biases can give us an answer. Learning how to recognise our own biases can lead to a much calmer, kinder and more successful life. Sponsor - Cozy Earth Luxury Bamboo sheets and Loungeware that become softer the more you use them. 35% off code 'GROWTH' - CozyEarth.com 📕 Recommended Books These books are full of brilliant insights and mental models to help you become a more rational thinker. 🏎️ Thinking, Fast and Slow by Daniel Kahneman - UK Book - US Book 🤪 Predictably Irrational - Dan Ariely - UK Book - US Book 🧘‍♀️ The Art of Thinking Clearly by Rolf Dobelli 🧠 Super Thinking by Gabriel Weinberg & Lauren McCain 🪐 The Skeptics Guide to the Universe by Dr. Steven Novella Further Listening Enjoyed this episode? Check out the rest of the Cognitive Ciases series: [YOU ARE HERE] - Ego Blindspots Human Nature vs. Money: Battling Irrationality & Thinking Traps [May 19th] Confirmation Bias and the 7 Sins of Lazy Thinking - [June 4th] Reality Distortion and the 7 Illusions of Perception Impact Everyone - [June 18th] Cognitive Rigidity and How Einstein Overcame the 5 Biases that Keep Us Stuck - [June 19th] Thinking Fast and Slow: How to Make Better Decisions - [July 12th] Growth Mindset pod Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Success and happiness is a state of mind unique to ourselves and is our responsibility to create. Watch the pod - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Chapters 00:00 Spotlight Effect 02:25 Dunning Kruger Effect 04:41 Status Quo Bias 06:29 Curse of Knowledge 08:21 Cognitive Dissonance 10:34 The Halo Effect 14:07 Fundamental Attribution Error 16:13 Actor-Observer Bias 17:33 Self-Serving Bias 19:54 Hostile Attribution Bias 23:42 Note 1 - Don't blame other peoples behaviours 24:22 Note 2 - Don't get lost in our own world 27:21 Note 3 - These Biases exist for a reason 28:33 Note 4 - Don't get easily offended 29:14 Send Off Learn more about your ad choices. Visit podcastchoices.com/adchoices

7 Maj 202432min

Is society sick? Are we sick? Let's treat our drive to conform as a disorder we can diagnose and fix. This episode is a hypothetical deep dive where we treat our obedience to social pressure like other personality disorders. Main topics: DSM-5 entry for Social Pressure Personality Disorder (SPPD) 2 contrasting case studies Crossovers with other disorders How to manage and break out of your social pressure problems We develop a set of symptomatic criteria, case studies and a treatment plan to get us to live an independent life on our terms. Anyone wanting to take charge of their life instead of their life living them should listen. It's also designed to help you think like a psychologist and imagine how a therapist would approach diagnosing and treating such a disorder if it existed. THIS IS AN EXPERIMENTAL FORMAT Comments are much appreciated! Advert - Cozy Earth Luxury Bamboo sheets and Loungeware that become softer the more you use them. 35% off code 'GROWTH' - CozyEarth.com Growth Mindset pod Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Success and happiness is a state of mind unique to ourselves and is our responsibility to create. Watch the pod - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Chapters 00:00 The Power of Social Pressure 02:23 Classifying Social Pressure as a Disorder 03:36 Diagnostic Criteria for SPPD 09:31 Case Study 1: Elena 13:17 Case Study 2: Liam 16:54 Therapy and Interventions 18:17 SPPD and Other Disorders 21:49 Overcoming Social Pressure with a Growth Mindset 23:06 Living Authentically on Your Own Terms 25:12 Wrap Up Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Maj 202428min