A Better Way to Solve A Problem & How Human Biases Affect Your Decisions
Something You Should Know
Mike Carruthers | OmniCastMedia
4.5 • 4.3K Ratings
🗓️ 24 February 2020
⏱️ 48 minutes
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| 0:00.0 | This football season get a hand from Betfair's popular BetBuilder and easily add our fan favourite football selections to your bet slip in just one tap. |
| 0:09.0 | And you can get a completely free £2 betBuilder on any Premier League game this weekend. |
| 0:14.0 | Now that's handy. |
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| 0:31.0 | Today on something you should know, two simple strategies that will have you making fewer mistakes. |
| 0:38.0 | Then a better way to solve problems rather than find the solution, change the problem. |
| 0:44.0 | You'll hear people say, what's the real problem? |
| 0:47.0 | As if there was only one problem or cause for whatever's going on. |
| 0:52.0 | But for most of the problems in our lives, there's more than one way of approaching it. |
| 0:57.0 | Also, when you have a cold of the flu, the doctor recommends bed rest. |
| 1:01.0 | But does that really do anything? |
| 1:03.0 | And understanding human biases. |
| 1:06.0 | They shape your thoughts and decisions, and you probably don't even notice it. |
| 1:10.0 | One of the really potent biases in our lives is known as the endowment effect. |
| 1:15.0 | Whatever we own becomes extra valuable to us. |
| 1:18.0 | And the risk is you get too attached. |
| 1:20.0 | That's why we have storage units, people rent, because they just can't part with their things. |
| 1:26.0 | All this today on something you should know. |
| 1:31.0 | Oh, I've talked about this before. |
| 1:33.0 | There is a podcast that I really would like you to listen to. |
| 1:37.0 | It will get you motivated, it will make your day better. |
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