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

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211: Experience the Art of Healing with Dr. Serena Sterling, PsyD

211: Experience the Art of Healing with Dr. Serena Sterling, PsyD

Dr. Serena Sterling herself experienced miraculous healing from chronic fatigue in which her medical doctor told her that there's no cure and she needs to learn to cope and live with it. She found a doctor who helped her get better through a mind-body stress-reduction technique. Because of that, she wanted to help more people on a one-to-one basis. In this episode, Dr. Serena will let us know how this healing works as Sam experiences the process himself. - - - Connect with Serena Dr. Serena Sterling (https://www.drserenasterling.com/) LinkedIn (https://www.linkedin.com/in/serenasterlingpsyd/) Instagram (https://www.instagram.com/drserenasterling/?hl=en) Twitter (https://twitter.com/psydserena) - - - 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

5 Apr 202244min

210: Take Risks, Reach For The Unknown And Dare To Succeed: Igor Volzhanin, CEO of Datasine

210: Take Risks, Reach For The Unknown And Dare To Succeed: Igor Volzhanin, CEO of Datasine

Igor Volzhanin Igor Volzhanin is the CEO of DataSine, a marketing business that helps businesses create personalized marketing based on the personality traits of their customers. He has some amazing insights and unusual ideas for how to build a business and a life that one enjoys with some great advice around taking risks. Igor's background in international development is paired with his knowledge in psychology which provides some fascinating theories into happiness and problems facing the world that I think anyone will enjoy. He started DataSine to help businesses make meaningful relationships with their customers by getting greater insight into their personalities, believes, desires and needs. It is only through this understanding can businesses deliver the most value and ultimately fulfil their objectives. - - - 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 - - - Connect with Igor Datasine (https://datasine.com/) LinkedIn (https://www.linkedin.com/in/ivolzhanin/) Twitter (https://twitter.com/igor_volzhanin) Learn more about your ad choices. Visit podcastchoices.com/adchoices

29 Mars 202227min

209: Amplify your strengths, Complement your weaknesses

209: Amplify your strengths, Complement your weaknesses

After the pace of one of his businesses nearly killed him, Richard made it his mission to ensure other business owners didn’t go through the same struggles alone. To carry out this purpose, he co-founded Unleashed CEO (https://unleashed.ceo/) where they have helped hundreds of visionary entrepreneurs scale and create time freedom by building a self-managing leadership team. They have built an immense implementers who are looking for to pair with entrepreneurial companies where they can come in and drive consistency and allow the CEO to focus on driving top-line revenue growth, innovation, and expansion. - - - Connect with Richard Unleased CEO YouTube Channel (https://www.youtube.com/channel/UCnkyljiExsUQXFJWF_A5LAA) LinkedIn (https://www.linkedin.com/in/richard-shaull-02615972/) Instagram (https://www.instagram.com/rshaull/?hl=en) Twitter (https://mobile.twitter.com/rickyshaull) - - - 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

22 Mars 202239min

208: Tim Draper - The Master of VC on Predicting and Creating the Future

208: Tim Draper - The Master of VC on Predicting and Creating the Future

Tim Draper Tim Draper is a venture capital investor, and founder of Draper Fisher Jurvetson (DFJ) (https://www.dfj.com/),Draper University (https://www.draperuniversity.com/), Draper Venture Network (https://drapernetwork.com/), Draper Associates (https://www.draper.vc/) and Draper Goren Holm (https://drapergorenholm.com/). Tim has been awarded and received numerous awards such as Forbes Midas List, Top 100 Most Influential Harvard Alumni, Independent Institute's Tocqueville Liberty Award and a lot more. He is a proponent of Bitcoins and decentralization. His most prominent investments include Skype, Tesla SpaceX, Hotmail, AngelList and more. - - - Connect with Tim LinkedIn (https://www.linkedin.com/in/timothydraper/) Instagram (https://www.instagram.com/timdraper) Twitter (https://twitter.com/TimDraper) - - - 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

15 Mars 202240min

207: The Abundance Mindset and Secret to Happiness; David Meltzer, Co-Founder of Sports 1 Marketing

207: The Abundance Mindset and Secret to Happiness; David Meltzer, Co-Founder of Sports 1 Marketing

David Meltzer David Meltzer is the Co-founder of Sports 1 Marketing and formerly served as CEO of the renowned Leigh Steinberg Sports & Entertainment agency, which was the inspiration for the movie Jerry Maguire. His life’s mission is to empower OVER 1 BILLION people to be happy! This simple yet powerful mission has led him on an incredible journey to provide one thing…VALUE. In all his content and communication that’s exactly what you’ll receive. David is a three-time international best-selling author, a Top 100 Business Coach, the executive producer of Entrepreneur‘s #1 digital business show, Elevator Pitch, and host of the top entrepreneur podcast, The Playbook. His newest book, Game-Time Decision Making, was a #1 new release, David has been recognized by Variety Magazine as their Sports Humanitarian of the Year and awarded the Ellis Island Medal of Honor. - - - Connect with David David Meltzer Enterprises (https://dmeltzer.com/) LinkedIn (https://www.linkedin.com/in/davidmeltzer2/) Instagram (https://www.instagram.com/davidmeltzer/?) Twitter (https://twitter.com/davidmeltzer) YouTube (https://www.youtube.com/channel/UCflt1OopRWIApMOjVgZyJ6Q) - - - 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

8 Mars 202221min

206: The Future of Funding for Women-Led Businesses - Maddy Bergen, CEO of Angel Alliance NFT

206: The Future of Funding for Women-Led Businesses - Maddy Bergen, CEO of Angel Alliance NFT

Maddy Bergen Maddy Bergen is in her final year of university studying civil engineering. She has co-founded and the CEO of Angel Alliance DAO (or Decentralized Autonomous Organization) for investing and giving funding to women-led entrepreneurs. Angel Alliance was founded to empower female entrepreneurs with a NFT collection consisting of 6,666 unique female icons designed with real women in mind. They will be releasing the collection on March 26, 2022. - - - More info about Angel Alliance Twitter: https://lnkd.in/gAAayAZw Deck: https://lnkd.in/gFmr7rJs Discord: https://lnkd.in/g--bZkat - - - Connect with Maddy LinkedIn (https://www.linkedin.com/in/maddy-bergen-53a4651a6) Twitter (https://twitter.com/maddyybergen) - - - 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

1 Mars 202236min

205: TEDx, Dragons Den and Creating Impact - Chris Lovett, Author of 'Discovery of Less'

205: TEDx, Dragons Den and Creating Impact - Chris Lovett, Author of 'Discovery of Less'

Chris Lovett Chris Lovett is a minimalist, speaker, career mentor, professional executive coach, podcast host, simplicity coach, disruptive thought leader, and author of the bestselling self sufficiency, green living and business motivation book Discovery of Less. Also retired hip hop & rnb DJ, music geek with big hair and voted 'best legs 1998' at a college 5-a-side football tournament. Chris is one of the UK's only motivational speakers (and kinda hilarious one too) on minimalism and the less is progress lifestyle. His minimalist storytelling and the timing of it resonates deeply across personal and professional lives as he share his crazy story behind selling off, donating, recycling and discarding everything he ever owned and walking away from the security of a 'successful' career. You could say he was consumed by stuff - or stuffocated! Plus he talk about the incredible positive impact and psychology behind decluttering, our relationship and attachment with stuff and the 'always on' mentality. The words of his experiences and teachings have touched thousands of lives in over 50 countries and have been featured on prominent lifestyle platforms such as No Sidebar, Minimalism Life and Optimal Living Daily. He have talked at festivals, wellbeing events, financial institutions and consultancy firms across the UK and beyond! - - - Connect with Chris Less is Progress (https://www.lessisprogress.com) LinkedIn (https://www.linkedin.com/in/chris-lovett-29176933/) Facebook (https://www.facebook.com/LessisProgress) Instagram (https://www.instagram.com/christolovett/) Twitter (https://twitter.com/ChristoLovett) - - - 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

22 Feb 202229min

204: Less is more

204: Less is more

Chris Lovett Chris Lovett is a minimalist, speaker, career mentor, professional executive coach, podcast host, simplicity coach, disruptive thought leader, and author of the bestselling self sufficiency, green living and business motivation book Discovery of Less. Also retired hip hop & rnb DJ, music geek with big hair and voted 'best legs 1998' at a college 5-a-side football tournament. Chris is one of the UK's only motivational speakers (and kinda hilarious one too) on minimalism and the less is progress lifestyle. His minimalist storytelling and the timing of it resonates deeply across personal and professional lives as he share his crazy story behind selling off, donating, recycling and discarding everything he ever owned and walking away from the security of a 'successful' career. You could say he was consumed by stuff - or stuffocated! Plus he talk about the incredible positive impact and psychology behind decluttering, our relationship and attachment with stuff and the 'always on' mentality. The words of his experiences and teachings have touched thousands of lives in over 50 countries and have been featured on prominent lifestyle platforms such as No Sidebar, Minimalism Life and Optimal Living Daily. He have talked at festivals, wellbeing events, financial institutions and consultancy firms across the UK and beyond! - - - Connect with Chris Less is Progress (https://www.lessisprogress.com) LinkedIn (https://www.linkedin.com/in/chris-lovett-29176933/) Facebook (https://www.facebook.com/LessisProgress) Instagram (https://www.instagram.com/christolovett/) Twitter (https://twitter.com/ChristoLovett) - - - 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

15 Feb 202236min

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