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Something You Should Know

A Better Way to Solve A Problem & How Human Biases Affect Your Decisions

Something You Should Know

Mike Carruthers | OmniCastMedia

Education, Social Sciences, Self-improvement, Science, Health & Fitness

4.54.3K Ratings

🗓️ 24 February 2020

⏱️ 48 minutes

🧾️ Download transcript

Summary

We all make mistakes. However, wouldn’t it be nice if you could make fewer of them? This episode begins by revealing two simple strategies that have been proven to help people make fewer mistakes when they attempt to accomplish a task. (Source: Joseph Hallinan author of Why We Make Mistakes https://amzn.to/39OVFrM) When you have a problem, you need to find a solution. Maybe though, the better course of action should be to change or reframe the problem. That’s the advice of Thomas Wedell Wedellsborg, who is author of the book What’s Your Problem? To Solve Your Toughest Problems, Change the Problems You Solve (https://amzn.to/3bUChLN) . Listen as he explains the fascinating process of changing the problem to find a better solution.   When you have a cold or the flu, doctors recommend bed rest. Why? What’s so special about bed rest? Listen as we discuss what bed rest does to help you get better – and the benefits are real. https://www.wsj.com/articles/fighting-the-flu-when-you-need-to-stay-home-and-in-bed-1423504355 While you like to think that you look at the world through objective eyes, it just isn’t true. Humans have very distinct biases that color your view of things, events and people. While these biases are often helpful, they can also get in the way. Listen as I discuss this with Dr. Daniel Krawczyk, a professor of behavioral and brain science at the University of Texas in Dallas. He is also the co-host of the Mental Models podcast (https://www.mentalmodelspodcast.com/) and co-author of the book Understanding Behavioral Bias (https://amzn.to/2vOw3MY). You’ll get some great insight into to how biases influence your thoughts and decision making.  This Week's Sponsors -AirMedCare Network. Go to www.AirMedCareNetwork.com/something and get up to a $50 gift card when you use the promo code: something -Better Help. Get 10% off your first month by going to www.BetterHelp.com/sysk and use the promo code: sysk Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

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0:14.0

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0:18.0

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0:21.0

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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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