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)

Stop dreaming, start doing

Stop dreaming, start doing

The difference between amateurs and professionals is process and dedication. If you want to achieve big dreams or 'find your calling' you have to take consistent action. This episode dives into ways to make it happen and gives new ways to think about it. 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 - Amateurs vs professional goal seeking 00:37 - Growth-minded ambition vs fixed minded 01:08 - The trap of "find your calling" 02:30 - The real work behind your calling 03:22 - "When I feel like it" means never 04:37 - Writing as a hobby or a profession 06:17 - Podcasting quality to be professional 08:12 - Making your own path 09:43 - Seeking a new purpose 11:40 - Questions to stop dreaming and start doing Learn more about your ad choices. Visit podcastchoices.com/adchoices

19 Juli 202214min

Expand your comfort zone

Expand your comfort zone

Success lies outside of our comfort zone. Learning to regularly leave our comfort zone behind is the key to growing and achievement. This podcast is a masterclass in strategies and lessons that help you face fears and expand your comfort zone. Learn more about deliberate practice and strategies to enjoy your moments of failure as opportunities. --- Connect with Sam: Sam's newsletter on creativity - Explosive Thinking  Sam's podcast on books - Wiser Than Yesterday  Support the Show - Patreon  Listen and connect with the show - Podvine    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

14 Juni 202217min

Growth Mindset - An introduction

Growth Mindset - An introduction

Sam was supposed to record an advert but got a little lost with making rhymes about mindset. He is fully aware he is an idiot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

10 Juni 20221min

Fail Your Way to Success

Fail Your Way to Success

Don't be scared of failure. Eccie Newton tells us about the relentless setbacks whilst building her catering idea into a company that's raised over £350 million. "For one thing to go right, a hundred things had to go wrong." Eccie's is a brilliant story of resilience and strength and this is a must-listen for any growth mindset or business enthusiasts. Timestamps 00:01:34 Working through the "Trough of sadness" 00:03:22 No no, everything went wrong, Literally Everything 00:04:26 Epic Pie day failure 00:05:58 First ever VC meeting 00:08:23 Raw is More Cookbook 00:11:16 Scaling up mistakes 00:14:08 Why even start a business 00:17:07 Work with the right people 00:18:14 Earliest vivid memory - Infinity 00:19:56 Kindest thing - Forgiveness 00:21:41 Round Up and Reflection --- Connect with Eccie: Karma Kitchen  Karma Can  LinkedIn  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

7 Juni 202225min

Increase your opportunities

Increase your opportunities

Wish you didn't have to chase for opportunities? Start making them come to you instead. Learn how to put your best foot forwards for everyone to see. Follow the tactics of the successful people who got themselves out there. --- Connect with Sam: Sam's newsletter on creativity and entrepreneurship - Explosive Thinking  Sam's podcast on books - Wiser Than Yesterday  Support the Show - Patreon  Listen and connect with the show - Podvine    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

24 Maj 202217min

Perfectionism kills creativity

Perfectionism kills creativity

Stop getting caught up and blocked by the concept of "perfect". Get into the flow and build momentum that unlocks your true creativity. --- Growth Mindset podSam 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 Learn more about your ad choices. Visit podcastchoices.com/adchoices

17 Maj 202216min

Curating chaos and creating connections

Curating chaos and creating connections

We learn from the master of conferences how to throw the best minds into a giant melting pot and make magic happen. Keith Wallace tells all, the Senior Vice President of Web Summit and General Manager of Collision Conf. Web Summit is one of the biggest technology conferences in the world where billionaires, VCs and the world's future leaders all descend for a week of madness and connection. Described by Forbes as the Number 1 conference on the planet.  --- Connect with Keith: - LinkedIn  - Twitter  Web Summit  - Collision Conf  - The Influence Podcast  --- Growth Mindset podSam 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 Learn more about your ad choices. Visit podcastchoices.com/adchoices

3 Maj 202245min

Pitch anything - Close deals with Oren Klaff

Pitch anything - Close deals with Oren Klaff

Oren Klaff is the New York’s Best Selling Author of Pitch Anything and Flip the Script. He joins us for a masterclass on sales, raising capital and negotiation.  Oren is a badass who has raised over $2 billion and isn't showing any sign of stopping. If you’re starting your business or sales, this is a brilliant episode for you as he uncovers the secrets to closing deals. --- Connect with Oren: - OrenKlaff.com - Oren's LinkedIn   - Oren's Twitter   - Oren Klaff - YouTube   Oren's Books: Pitch Anything  Flip the Script   --- Growth Mindset podSam 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 Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Apr 202248min

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