This is the Cato Daily Podcast for Wednesday, October 10th, 2018.

I'm Caleb Brown.

Our decisions should be rooted in the most reasonable parts of ourselves.

After all, if you choose not to decide,

you still made a choice.

Annie Duke is author of the new book,

Thinking in Betts, Making Smarter Decisions,

when you don't have all the facts.

We spoke during the Cato Institute's Cato Club 200 event in September.

I try to remain alert to moments in time when I should catch myself and stop and either change the frame of my thinking on an issue or try to put it into a bigger picture.

And so a lot of our worst decisions that we make are when we're in pain or desperate.

How can people catch themselves in these moments to make better decisions?

I love that you're asking that question.

So I'm a really huge fan of two things.

Thing number one is saying,

we're very biased in the decisions we make.

We're not particularly good decision makers, particularly in the moment.

And it's very hard to solve on our own.

And I think there's two things that we can do in order to sort of help, help ourselves

in the way that you're describing.

Thing number one is to get a really good group of people that kind of agree to a new type of social contract, right?

So the normal social contract that we kind of walk around with is that if you're talking and I disagree with you you

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