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Just search new here. Welcome to the HBR Idea cast from Harvard Business Review.

I'm Justin Fox, and I'm talking today with Garrett Gigerinser,

director of the Max Planck Institute for Human Development in Berlin,

and author of the new book Risk Savvy, How to Make Good Decisions.

Gerd, welcome to Ideacast.

Thanks.

For several decades now, you have been one of the world's most prominent researchers into how we human beings make decisions

under conditions of uncertainty. Now I would imagine that most of our listeners are

used to hearing about how bad we are at this and how our intuitions often lead us astray.

But that's not entirely the direction your research has gone in, correct?

Correct, yeah.

And I always wonder why people want to hear how bad their own decisions are,

or at least how dumb everyone else is.

That's not my direction. I'm interested to help people to make better decisions.

Not to state that they have these cognitive illusions, which are like visual illusions,

and they're basically hopeless when it comes to risk.

...