The Weird Science Behind Your Irrational Money Decisions #443
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 1 December 2021
⏱️ 59 minutes
🧾️ Download transcript
Summary
Randomly ask any of your friends how often they check their phone, and most will probably say something like 20-30 times, maybe 50 times a day. Yet stats show that ⅔ of Americans unlock their phone over 160 times a day. Luckily screen time and other similar apps can help us to understand that there is a big difference between what we think that we’re doing and what we’re actually doing. As humans we’re not the most rational and self-aware beings. We often believe that we’re incredibly objective but it probably depends more on the day of the week, how hungry we are, and who we’re talking with. But we believe that by understanding and naming some different behavioral science and economic terms, that we can better realize our tendency to make irrational gut reactions and think differently about how and why we make decisions in the first place.
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Transcript
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| 0:00.0 | What does it take to truly disrupt an industry? How do you overcome the fear of failure? |
| 0:06.0 | When is it time to take a risk? |
| 0:08.0 | I am Bob Pittman, Chairman and CEO of I Heart Media, and these are the kind of questions we explore on my podcast, Math and Magic, |
| 0:16.0 | Stories from the Frontiers of Market. |
| 0:19.0 | This season I sit down with some of the most unique thinkers to swap lessons and stories, |
| 0:24.0 | on making our work bigger and better. We'll hear from business leaders like Christian Joel, Global CEO of Group M. |
| 0:31.0 | It's really important to hear your people realize it's okay to fail, and it comes out of Silicon Valley. |
| 0:35.0 | They'll fast, get smarter quick. |
| 0:38.0 | Susie Deering, CMO for Motor Company |
| 0:41.0 | We are at that moment when it all changes, and I think that a big part of the why we're at that moment is because of the F-50 lightning. |
| 0:48.0 | It changed everything. |
| 0:50.0 | Steve Cooper, CEO of Warner Music Group |
| 0:53.0 | Technology is like an avalanche. You either get out in front of it, or it's just going to bury. |
| 1:01.0 | Listen to Math and Magic on our very own free I Heart Radio app, Apple Podcast, or wherever you get your podcast. |
| 1:09.0 | Hey there, I'm David Novak. I ran Taco Bell KFC in PETA, and like you, I'm always learning so that I can be the best leader I can be. |
| 1:17.0 | That's why I started How Leaders League. The first leader-de-leader podcast was CEOs from Adobe, Pepsi, and the Home Depot, so you can learn how they get it done. |
| 1:27.0 | In fact, I just did an episode with Gail Troberman, the president and CMO of I Heart. |
| 1:33.0 | Listen to our entire conversation on How Leaders Lead with David Novak, available on the I Heart Radio app, or wherever you listen to podcasts. |
| 1:42.0 | I'm Khalil DeBron Mohamed. I'm Ben Austin, we're two best friends. One black. One white. I'm a historian. And I'm a journalist. |
| 1:51.0 | And we are back for season two of some of my best friends are, where we have real talk about the absurdity and intricacies of race in America. |
| 1:59.0 | Join us as we talk to notable guests like former Attorney General Eric Holder, Restored of Justice Leader Daniel Serred, and other notable people about how to make sense of this moment. |
| 2:08.0 | Listen to some of my best friends are on the I Heart Radio app, Apple Podcast, or wherever you get your podcast. |
... |
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