Can we learn to make smarter choices? Listen in as host Katy Milkman 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.
CHOICEOLOGY: SEASON 3 EPISODE 6
Why do we forget the lessons of past projects and underestimate the time, costs and risks of future actions?
CHOICEOLOGY: SEASON 3 EPISODE 5
One of the most common mental shortcuts we commit is making snap judgments about people and things based on limited information.
CHOICEOLOGY: SEASON 3 EPISODE 4
Hindsight is 20/20, the saying goes. But occurrences that appear inevitable after the fact rarely seemed so in real time.
CHOICEOLOGY: SEASON 3 EPISODE 3
It makes some intuitive sense to judge a decision based on its results. But is it always true that a good decision leads to a good outcome, and vice versa?
CHOICEOLOGY: SEASON 3 EPISODE 2
Round-number goals are arbitrary but effective.
CHOICEOLOGY: SEASON 3 EPISODE 1
People overlook important information—even when it’s easily accessible or, in hindsight, downright obvious.
CHOICEOLOGY: SEASON 2 EPISODE 8
It’s a bias that’s been observed for perhaps thousands of years, a tendency to overvalue what we already possess.
Choiceology: Season 2 Episode 7
Where analytical models and algorithms outperform human judgment, it’s still so tempting to just go with your gut.
Choiceology: Season 2 Episode 6
We’re wired to search for order in the world. It’s how we learn and construct meaning. But often we see patterns in mere happenstance.
CHOICEOLOGY: SEASON 2 EPISODE 5
How you divide your money and time is influenced by a cognitive bias—but it’s one that you can put to good use.
CHOICEOLOGY: SEASON 2 EPISODE 4
Giving: It’s one simple behavior that’s been shown to increase happiness.
CHOICEOLOGY: SEASON 2 EPISODE 3
You’re an independent-minded person. You make choices for yourself based on the best information available. You own your decisions, right or wrong. Right?
CHOICEOLOGY: SEASON 2 EPISODE 2
Why is it so tempting to make short-sighted decisions? And what we can do to exert more self-control?
CHOICEOLOGY: SEASON 2 EPISODE 1
From ethical behavior to athletic competition, the disproportionate drive not to lose can lead to major mistakes.