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

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

You think you're rational? Think again. We love feeling like thoughtful decision-makers, but the truth is we're riddled with cognitive shortcuts. Daniel Kahneman's Nobel Prize-winning work breaks down the systems of our mind. We constantly substitute hard questions with easy ones; e.g. Buying a stock because you like the company, not because you've done the data. This episode cuts through the 300,000-word book to show you exactly how these shortcuts lead to everything from bad investments to pointless stress about the weather. It's time to stop letting your brain’s simple tricks run your whole life. Stop overestimating the importance of your current stress. Identify and reduce low-level daily pains (like a bad commute) for massive life returns. Implement a "sleep-on-it" rule to override System 1's instant commitments. Why let a lazy brain ruin your best decisions? Start thinking slower today. Further Reading: ⁠Thinking Fast and Slow⁠ - Daniel Kahneman ⁠Predictably Irrational⁠ - Dan Ariely SPONSORS 👨‍💻 NordStellar Security across your business 20% off: BLACKFRIDAY-20 (valid before 10th Dec) 10% off: GROWTHMINDSET-10 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nordstellar.com/growthmindset⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📚 ShortForm Book summaries of the worlds best books Free trail and 20% off code: Psychology https://www.ShortForm.com/Psychology NEW SHOW - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠How to Change the World: The History and Future of Innovation⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn about the evolving story of the human species and our ideas told in chronological order. Spotify - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://open.spotify.com/show/1Fj3eFjEoAEKF5lWQxPJyT⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Apple - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://podcasts.apple.com/us/podcast/how-to-change-the-world-the-history-of-innovation/id1815282649⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ YouTube - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@HowToChangeTheWorldPodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ RSS feed - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://feeds.acast.com/public/shows/682b3b86696b5d1232d698a8⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ --- UPGRADE to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: 🏖️ Ad-free listening 🤘 Support the show 🔓 Exclusive AMAs and bonus content 💬 Community Discord ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠GrowthMindset.Supercast.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Growth Mindset Psychology: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. 📺 Watch - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube (Growth Mindset)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🛜 Website - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Growth Mindset⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ CHAPTERS 00:00 Understanding Cognitive Biases, comedy and systems of thinking 03:58 Deep Dive into System One and System Two Thinking 05:23 How System 1 and System 2 Work Together 06:49 System 1's Impact on Decision Making 08:26 System 1 and Politics 11:29 The Teenage Brain and System 2 Development 12:32 Cognitive Biases and Their Impact 17:45 The Law of Large Numbers 22:38 Prospect Theory, Risk Assessment and Loss Aversion 23:41 Rationality and Utility Theory in Economics 25:39 Prospect Theory: Perception of Value and Risk 27:16 Probability and Decision Making 29:29 The Experiencing Self vs. The Remembering Self 31:17 The Peak-End Rule and Its Impact on Memory 34:58 Momentary Pleasure vs Long-Term Satisfaction 38:09 The Focusing Illusion: What Really Matters 43:46 Final Thoughts and Recommendations Learn more about your ad choices. Visit podcastchoices.com/adchoices

Avsnitt(486)

Better Decisions - Thinking in Bets

Better Decisions - Thinking in Bets

Annie Duke was a professional poker player and psychologist. Her book "Thinking in Bets" provides a brilliant set of rules and mental models for rationality in a confusing world. Connect with Sam: Join the conversation on the social podcast app - Podvine Sam's newsletter on creativity and entrepreneurship - Explosive Thinking  Sam's podcast on books - Wiser Than Yesterday  Support the Show - Patreon  If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! Timestamps 00:00 - Life is a game of chance 00:51 - Episode outline 02:01 - How Annie got into poker 04:27 - Rule 1 - Seek Truth 05:30 - Rule 2 - Never chase losses 07:05- Mental models 07:28 - Model 1 - Wisdom is statistically good choices 10:24 - Model 2 - Question common knowledge 12:51 - Model 3 - Bet on it 14:24 - Wrap up Learn more about your ad choices. Visit podcastchoices.com/adchoices

20 Sep 202216min

The overlooked solution to work-life balance

The overlooked solution to work-life balance

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 podcast 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. - - - Infinite Play - Nat Eliason This episode was based on an article from Nat Eliason and his brilliant newsletter Infinite Play - I highly recommend subscribing. Connect with Sam: Join the conversation on the social podcast app - Podvine Sam's newsletter on creativity and entrepreneurship - Explosive Thinking  Sam's podcast on books - Wiser Than Yesterday  Support the Show - Patreon  If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! TimeStamps 00:00 - Work-life balance is the wrong goal 01:05 - Nat Eliason and Infinite Play 01:50 - Your time as heartbeats 02:57 - The issue with finding balance 03:42 - Why words are so important 05:30 - We are not rational, we are emotional 06:40 - The issue with the word "Balance" 07:40 - the main pillars of a happy life 08:25 - Good or bad obsession 9:15 - Integrating our priorities 11:05 - the secret to long term enjoyment 13:00 - Satisfaction without sacrifice Learn more about your ad choices. Visit podcastchoices.com/adchoices

6 Sep 202216min

Get noticed and be remembered

Get noticed and be remembered

"People don't remember what you tell them, they never forget how you make them feel." In the episode, we learn how to use emotions to make ourselves memorable and stand out. You need to make a good impression if you want more friends, make sales, get a better job or impress dates.  - - - Connect with Sam: Join the conversation on the social podcast app - Podvine Sam's newsletter on creativity and entrepreneurship - Explosive Thinking  Sam's podcast on books - Wiser Than Yesterday  Support the Show - Patreon  If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! TimeStamps 00:00 - Why do you get forgotten? 01:01 - Emotions and memory 01:37 - Oren Klaff, sales advice 02:19 - Don't tell people you are funny, make them laugh 03:28 - Focus on actions, not descriptions 04:28 - Prove you are who you think you are 05:18 - Why I'm doing world records 07:25 - What do you want people to think about you? 08:32 - How to be noticeably kinder 10:16 - Thanks x Learn more about your ad choices. Visit podcastchoices.com/adchoices

30 Aug 202212min

Increase output, learn faster, avoid burnout

Increase output, learn faster, avoid burnout

Relying on stress for productivity is a recipe for burnout. We can avoid burnout and increase our output when we optimise our mindsets. We can keep our mind firing on all cylinders through excitement and enjoyment instead of through stress and difficulty. We can learn faster and access more of our potential when we treat our brain like a brain instead of like a muscle. Brain training and mind workouts can be completely reframed to have a much bigger effect once we know what we are doing. - - - Connect with Sam: Join the conversation on the social podcast app - Podvine Sam's newsletter on creativity and entrepreneurship - Explosive Thinking  Sam's podcast on books - Wiser Than Yesterday  Support the Show - Patreon  If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! TimeStamps 00:00 - Train your mind 01:02 - Am I really Sam Harris? 02:29 - Alan Watts: Make work play 03:27 - Learning from memory champions 04:16 - Rapid transformations 06:02 - Fundamental difference: Mind vs Muscle 09:15 - Different responses to stress 11:38 - Good vs Bad Teachers 13:27 - Gamifying tedious tasks 14:34 - Alexander the Great and conquering 16:08 - Steve Jobs, connecting the dots looking backwards 16:44 - Make exercise fun 17:53 - Shape hard things into enjoyment 19:47 - Jason Mraz: beauty is in acknowledging your own interests and power Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Aug 202221min

Master finishing things

Master finishing things

Finishing things is an art we need to take seriously. By digging into where we are blocked we can identify our problems with the task at hand and we might even gain a broader understanding of our purpose as well. This episode presents some alternative strategies to really help you identify good ideas and get things completed. Questions to reflect on: Which tasks do I reliably finish? Could some of them create value if I did more of them? What are my unfinished projects? What are the specific tasks within the project that I avoid? How can I make it more likely to complete the difficult task? (Make it smaller / delegate it / change the time / do it with others) Can I remove the difficult tasks entirely? Do I start things which I know I won’t finish and might be damaging? What is my goal in starting them? Is there a very different way to get there? How much time do I put into things I don’t have an interest in? If I look at my goals should I say no to these things? What are the best ideas I haven't done? Can I let go of perfect and treat them as a stepping stone? - - - Connect with Sam: Join the conversation on the social podcast app - Podvine Sam's newsletter on creativity and entrepreneurship - Explosive Thinking  Sam's podcast on books - Wiser Than Yesterday  Support the Show - Patreon  If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! Learn more about your ad choices. Visit podcastchoices.com/adchoices

16 Aug 202219min

Own how others affect you

Own how others affect you

We are often told we are the product of the 5 people we spend the most time with. This episode explores the cases where this isn't true and what we can learn from examining the relationships we have. We learn that actually, the most significant effect is from those that prevent us from being ourselves. Otherwise, we are free to choose the qualities we are inspired by regardless of how much time we spend with people. Questions to reflect on What are my strengths? When do I feel like I am being myself? I am putting my energy directly into the thing I want to do or is it postponed for some reason? Is there a faster way to reach the lifestyle I want? Who are my idols? Why do I look up to them? Could I have better idols? Who are 5 cool but very different friends to me, what would they tell me to do? Connect with Sam: Join the conversation on the social podcast app - Podvine Sam's newsletter on creativity and entrepreneurship - Explosive Thinking  Sam's podcast on books - Wiser Than Yesterday  Support the Show - Patreon    If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! Timestamps 00:00 - What is a growth mindset 00:20 - You are not the 5 people you spend time with 01:00 - Be yourself 01:23 - The skier parable 04:08 - Don't be blocked from being yourself 04:40 - Best friends 06:30 - Opposite can work 08:50 - Choose your inspiration 09:36 - Small encounters can have butterfly effects 10:53 - Prioritise healthy relationships 11:30 - Avoid being generic groups/cliques 12:08 - Sahil Lavingia and GumRoad 13:53 - Variety is the spice of life 14:53 - Questions to journal on (see above) 16:05 - Life tips Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Aug 202219min

3 secrets to change your thinking

3 secrets to change your thinking

Your thinking reflects your environment. We have all heard the best practices for improving your focus. These three ideas are just as influential and no one knows about them. Connect with Sam: Join the conversation on the social podcast app - Podvine Sam's newsletter on creativity and entrepreneurship - Explosive Thinking  Sam's podcast on books - Wiser Than Yesterday  Support the Show - Patreon    If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! Timestamps 00:00 - Our thinking reflects our environment 01:32 - ADHD medication compared to environment 02:27 - The Cathedral Effect 04:59 - The Movement Effect 08:49 - Intentional Laptoping 12:58 - Bonus laptop tips 15:16 - Summary Learn more about your ad choices. Visit podcastchoices.com/adchoices

2 Aug 202218min

Remove personal limits

Remove personal limits

Often the thing holding us back more than anything is ourselves. The episode helps uncover the limiting beliefs we have and how they are made. We then come up with ways to question these beliefs and form empowering mindsets. Connect with Sam: Join the conversation on the social podcast app - Podvine Sam's newsletter on creativity and entrepreneurship - Explosive Thinking  Sam's podcast on books - Wiser Than Yesterday    If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! Timestamps 00:00 - Introduction 01:00 - e.g. 1 - singing 02:55 - Time horizons 03:35 - Breaking records and setting goals 04:40 - Culture 06:20 - the intelligence trap 07:32 - Evolutionary psychology of limits 08:40 - Questioning beliefs 09:10 - If things were easy 10:15 - Tony Robbins advice 11:10 - Summary Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Juli 202212min

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