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The Art of Charm

The Psychology of Decision-Making: Conquering Cognitive Biases for Better Results

The Art of Charm

http://www.TheArtOfCharm.com

Business, Health & Fitness, Education

4.711K Ratings

🗓️ 4 December 2023

⏱️ 69 minutes

🧾️ Download transcript

Summary

Right now, we’d like to thank the sponsor of this episode: LifeMD. Looking to lose weight and improve your health? Embrace your journey towards a healthier and happier you, and achieve lasting sustainable weight loss with LifeMD by your side. Visit lifemd.com/CHARM to get started! In today’s episode, we tackle decision making with some of the world’s experts on the topic. First, Annie Duke, a former professional poker player now a coach and author of Quit, The Power of Knowing When to Walk Away. Next, David Siegel, CEO of Meetup.com and author of Decide and Conquer, shares his expertise on leadership decision-making. Dan Ariely, a Duke University professor and renowned author, who delves into overcoming indecision and regret. Finally, former intelligence officer and author Shane Parrish talks about his book Clear Thinking: Turning Extraordinary Moments Into Extraordinary Results. From the influence of regret on our choices to the impact of blind spots on decision patterns, our guests offer practical strategies to enhance your decision-making skills. Join us as we explore the power of timely action, the significance of embracing change, and the transformative potential of making better decisions. What to Listen For Introduction – 0:00 Most people have no idea that this one mindset shift will lead to life changing improvements in decision making Most people make bad decisions because of these factors – 9:28 How do most people get stuck in making decisions and what can you do to get unstuck? What are the most common biases we have to overcome to make the right decisions? How do you overcome the sunk cost problem so you don’t waste years of your life trying to make a prior bad decision work? This bias stops people from reaching high levels of success – 21:39 Why are most people stuck making decisions that keep them where they are instead of making decisions that put them on track to where they want to be? Use these tools to avoid making terrible decisions – 33:55 How do you create a habit so you make great decisions and avoid terrible decisions without even thinking about them? Most people will never ask this simple question to obtain a mentor who could change their lives forever People don’t prioritize this area of decision making enough – 44:09 How do you create rules for automatic success? When is the right time to quit something you’re invested in? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Pepsi Max. Christmas is great, but there's loads of ways to make it better.

0:08.0

Like sneaking some chili into the gravy for some extra ink, or building a playlist that will even get your

0:14.8

none up on the table or just cracking open an ice cold Pepsi Max.

0:20.1

Christmas better with Pepsi Max.

0:25.0

The new Samsung Galaxy Z-Flip5 and Chromebook are better together.

0:34.0

Take hands-free selfies which automatically sync to your Chromebook,

0:37.0

ready to edit, and access recent Chrome tabs across both devices.

0:41.0

The new Galaxy Z-Flip Flip5 and Chromebook, better together.

0:45.0

Available on Sky Mobile.

0:46.8

Bluetooth and internet connection required.

0:48.8

You must be signed into the same Google account on both your phone and Chromebook.

0:52.4

As we stand on the Google account on both your phone and Chromebook.

0:54.1

As we stand on the threshold of a new year, are you feeling stuck and plateaued professionally

0:59.2

or personally if the days have settled into a predictable rhythm and time seems to slip by without excitement.

1:06.2

This could be the ideal moment to invigorate your career in personal life.

1:10.4

That's right, Johnny.

1:11.6

Embrace the month of January to ignite a transformation within yourself and unlock the potential of your unique X factor.

1:18.0

Discover the secrets to mastering elite human dynamics that will revolutionize your world.

1:22.0

Change begins when you're ready. and get ready to take 2024 head on and achieve your biggest goals.

1:34.7

Inside the X Factor Accelerator program, you'll rapidly grow your influence,

1:38.4

make an impact in any room, and find your purpose.

1:41.4

After coaching over 10,000 clients,

...

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