Can we learn to make smarter choices? Listen in as host Katy Milkman--behavioral scientist, Wharton professor, and author of How to Change--shares stories of high-stakes decisions and what research reveals they can teach us. Choiceology, an original podcast from Charles Schwab, explores the lessons of behavioral economics to help you improve your judgment and change for good.
Season 1 of Choiceology was hosted by Dan Heath, bestselling author of Made to Stick and Switch.
Podcasts are for informational purposes only. This channel is not monitored by Charles Schwab. Please visit schwab.com/contactus for contact options. (0321-1S88)
Under Pressure: With Guests Svetlana Savranskaya, Gary Slaughter & Modupe Akinola
If you've ever been faced with an important decision when time was scarce, information was incomplete, or tempers were running high, you'll know that it's difficult to make a good choice. Now imagine a decision that has implications for the entire world, and the people facing that decision are 500 feet below the surface of the ocean in a nuclear-armed diesel submarine that is overheating and running out of power.
In this episode of Choiceology with Katy Milkman, we look at decisions under pressure and how our thinking process is affected by stress.
Out of Proportion: With Guests Damon Lesmeister & Kelly Shue
Many of the decisions we make require us to compare numbers. Which car is most fuel efficient? How is a stock performing relative to the market? How risky is one medication versus another? A problem arises when we fail to make these comparisons in the right units.
In this episode of Choiceology with Katy Milkman, we look at the mistakes we make when we overweight absolute numbers and neglect their relative value.
Choiceology's Guide to Nudges
Nudges are all around you. They might help you choose your meal at a restaurant, navigate a busy airport terminal, or start saving for the future. But nudges are often subtle, so you might not notice them until they’re pointed out.
In this episode of Choiceology with Katy Milkman, we’re doing things a little differently. This episode is your guide to the many ways nudges have changed the world for the better.
More Than a Feeling: With Guests Jamie Wall, Mona Krewel & Alex Edmans
While it’s nice to think of ourselves as rational decision-makers, more often than not, emotion plays a role in how we decide. Some people may spend more on a new car when the weather is nice. Others may take bigger risks than normal after indulging in a sweet dessert. Some may make rash choices following a disappointing end to their favorite TV series.
In this episode of Choiceology with Katy Milkman, we look at how positive or negative sentiment from one part of your life can spill over and affect decisions in another.
Second-Guessing First Impressions: With Guests Allen Sarven & Richard Nisbett
When we judge someone, rarely do we stop to consider how their particular situation likely played a large role in guiding their actions.
Less Is More: With Guests Ryan McFarland & Gabrielle Adams
Supply chain issues and income inequality notwithstanding, we live in an age of abundance. Our closets overflow with clothing. Many children have more toys than they could possibly enjoy. Garages are filled with sporting gear. Offices are cluttered with gadgets. And even our calendars are packed with meetings and tasks. It can all be a bit much.
In this episode of Choiceology with Katy Milkman, we look at a bias that leads us to add to our collections and to-do lists but neglect to remove unnecessary or unhelpful items.
Always informative, always relevant
Love the way in which the Katy sets up each discussion with an incredible story about an important topic relevant to decision making. The stories are always captivating and draw you in. The follow up discussion is relevant and thought provoking on how each of us can set ourselves up for success by making good decisions. Thank Katy and to the Chronology team! Great work!
Brilliant Show! Bravo Dr Katy Milkman!
If you are looking for the latest information around social psychology and overall becoming more self-aware you will LOVE Choiceology. Dr Katy Milkman does a terrific job of making the episodes inspiring and practical in the information guests provide.
Basic and Elementary