Podcast appearances and mentions of Eric J Johnson

List of the six books in question: 1) Steven Pinker (2018). Enlightenment Now: The Case for Reason, Science, Humanism, and Progress. 2) Eric J. Johnson (2021). The Elements of Choice: Why the Way We Decide Matters. 3) Pascal Bruckner (2010). The Tyranny of Guilt: An Essay on Western Masochism. 4) Bernard Lewis (1995). The Middle East: A Brief History of the Last 2,000 Years. 5) David Robson (2019). The Intelligence Trap: Why Smart People Make Dumb Mistakes. 6) Savannah Gibson (2019). The Spirit of Inquiry: How One Extraordinary Society Shaped Modern Science. _______________________________________ If you appreciate my work and would like to support it: https://subscribestar.com/the-saad-truth https://patreon.com/GadSaad https://paypal.me/GadSaad To subscribe to my exclusive content on Twitter, please visit my bio at https://twitter.com/GadSaad _______________________________________ This clip was posted on July 18, 2024 on my YouTube channel as THE SAAD TRUTH_1709: https://youtu.be/JbgI6JlpCXQ _______________________________________ Please visit my website gadsaad.com, and sign up for alerts. If you appreciate my content, click on the "Support My Work" button. I count on my fans to support my efforts. You can donate via Patreon, PayPal, and/or SubscribeStar. _______________________________________ Dr. Gad Saad is a professor, evolutionary behavioral scientist, and author who pioneered the use of evolutionary psychology in marketing and consumer behavior. In addition to his scientific work, Dr. Saad is a leading public intellectual who often writes and speaks about idea pathogens that are destroying logic, science, reason, and common sense.  _______________________________________

It's hard to believe, but today's episode marks our fifth annual year-in-review episode — where we look back at some of our favourite conversations and takeaways from the past year! If there's one overarching theme that stood out amongst our guests in 2023 it would be the power of purposeful decision-making to impact our future selves. Tuning in, you'll hear our guests' remarkable views on the topic, from the power of regret when it comes to long-term decisions to the ‘hidden partner' that accompanies us in all our decision-making. Another key theme that emerged is how the role of financial advisors is evolving. Key insights include why your financial advisor should collaborate with other advisors, why trust is essential, and how to prepare your children for wealth. We wrap things up with reflective tips on how to identify what your true goals are with a profound lesson on why setting your own scoreboard is essential. Tune in as we share some of our favourite moments from the past year and look back at the incredible guests we've had on the show in 2023!   Key Points From This Episode:   Our year with the Rational Reminder community: 23 in 23 reading challenge, memorable meetups, live recordings, a shoutout to our community moderators, and more. (0:00:19) Looking back at our conversation with Charles Ellis and Burton Malkiel on why money management is a loser's game and navigating market efficiency. (0:08:42) Pim Van Vliet's insights on the evidence supporting higher expected returns related to certain stock characteristics. (0:16:19) Discussing the relevance (and irrelevance) of dividends and why people tend to view dividends as particularly special, with Professor Samuel Hartzmark. (0:19:42) Our conversation with Will Goetzmann on the value of very long-term data and why historical data is still relevant today. (0:24:58) Nobel laureate, Robert Merton's insights on putting together a long-term asset mix and taking into account your time horizon. (0:32:35) Highlights from our conversation with Professor Francisco Gomes on how asset allocation should (and should not) change over the lifecycle. (0:39:14) Our second interview with David Blanchett on how regret informs our long-term decisions and Daniel Pink's insights on optimizing for future regret. (0:43:58) Hear from Charles Ellis on the most under-appreciated action that every investor should take to be more successful. (0:50:50) Making decisions on personal finance and John Cambell's insights on how household beliefs tend to differ. (0:51:53) Professor Ralph Keeney on why decision-making is the only purposeful way you can influence anything in your life. (0:54:54) Input from Cass Sunstein on the extensive research he's done on decision-making and how acquiring more information can help your decisions. (0:59:25) We hear from Professor Eric Johnson about the ‘hidden partner' that accompanies us when we make decisions and Cass Sunstein explains when we should update our beliefs. (01:03:09) Professor James Choi shares his profound insights on why financial decisions are not always explained by economic theory. (01:10:26) Unpacking the effect of overconfidence on our decision-making with Itzhak Ben-David, along with his key ideas on miscalibration. (01:12:53) Answering the question “How good are we at understanding our future selves?” with Hal Hershfield. (01:17:20) Our conversation with Meir Statman on the third generation of behavioural finance and what that means for decision-making and advice. (01:21:13) Dr. Preet Banerjee's research and insight on the value of having a financial plan. (01:23:48) Talking with YouTuber, Darin Soat, about the struggle to find high-quality financial information online and understanding YouTube as an entertainment-first platform. (01:25:02) Harold Geller on how to determine whether your advisor is properly understanding you and Robert Merton's thoughts on how he views the role of financial advisors. (01:28:27) We hear from Dr. Preet Banerjee on the business of financial advice and how it has changed over time. (01:35:02) Victor Haghani and James White on the topic of intergenerational billionaires and why there are fewer than you might expect. (01:39:21) An update from Rob Carrick on the state of financial planning for the average Canadian in 2023. (01:44:09) Juhani Linnainmaa unpacks the impact of financial advisors on decision-making and the challenges of choosing a financial advisor. (01:48:48) Dr. James Grubman on identifying a financial advisor who understands the importance of Wealth 3.0, why collaboration is key, and how to prepare children for wealth. (01:51:21) A final takeaway from Shane Parrish on taking stock of your year and how to determine what your true goals are. (02:02:28)   Links From Today's Episode:   Episode 234: Prof. Robert C. Merton — https://rationalreminder.ca/podcast/234 Episode 236: Harold Geller — https://rationalreminder.ca/podcast/236 Episode 238: Prof. Ralph Keeney — https://rationalreminder.ca/podcast/238 Episode 240: Prof. Eric J. Johnson — https://rationalreminder.ca/podcast/240 Episode 244: Charles D. Ellis — https://rationalreminder.ca/podcast/244 Episode 246: Daniel H. Pink — https://rationalreminder.ca/podcast/246 Episode 248: Prof. William Goetzmann — https://rationalreminder.ca/podcast/248 Episode 250: Prof. John Y. Campbell — https://rationalreminder.ca/podcast/250 Episode 252: Prof. Burton Malkiel — https://rationalreminder.ca/podcast/252 Episode 254: David Blanchett — https://rationalreminder.ca/podcast/254 Episode 256: Prof. Hal Hershfield — https://rationalreminder.ca/podcast/256 Episode 258: Prof. Meir Statman — https://rationalreminder.ca/podcast/258 Episode 260: Prof. James Choi — https://rationalreminder.ca/podcast/260 Episode 262: Prof. Francisco Gomes — https://rationalreminder.ca/podcast/262 Episode 264: Pim van Vliet — https://rationalreminder.ca/podcast/264 Episode 266: Prof. Cass Sunstein — https://rationalreminder.ca/podcast/266 Episode 268: Itzhak Ben-David — https://rationalreminder.ca/podcast/268 Episode 269: Preet Banerjee — https://rationalreminder.ca/podcast/269 Episode 270: Victor Haghani and James White — https://rationalreminder.ca/podcast/270 Episode 272: Rob Carrick — https://rationalreminder.ca/podcast/272 Episode 273: Professor Samuel Hartzmark — https://rationalreminder.ca/podcast/273 Episode 275: Live from Future Proof 2023 with Hal Hershfield — https://rationalreminder.ca/podcast/275 Episode 276: Darin Soat — https://rationalreminder.ca/podcast/276 Episode 278: Juhani Linnainmaa — https://rationalreminder.ca/podcast/278 Episode 280: Shane Parrish — https://rationalreminder.ca/podcast/280 Episode 282: James Grubman —  Episode 224: Scott Cederberg — https://rationalreminder.ca/podcast/224 Winning the Loser's Game: Timeless Strategies for Successful Investing — https://www.amazon.com/Winning-Losers-Game-Strategies-Successful/dp/1264258461 A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing — https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393358380 Your Future Self: How to Make Tomorrow Better Today — https://www.halhershfield.com/yourfutureself A Wealth of Well-Being: A Holistic Approach to Behavioral Finance — https://www.amazon.com/Wealth-Well-Being-Holistic-Approach-Behavioral/dp/1394249675 Strangers in Paradise: How Families Adapt to Wealth Across Generations — https://www.amazon.com/Strangers-Paradise-Families-Wealth-Generations/dp/0615894356 Wealth 3.0: The Future of Family Wealth Advising — https://www.amazon.com/Wealth-3-0-Future-Family-Advising/dp/B0C9SHFSGM Clear Thinking: Turning Ordinary Moments into Extraordinary Results — https://www.amazon.com/Clear-Thinking-Turning-Ordinary-Extraordinary/dp/0593086112 30 Lessons for Living — https://www.karlpillemer.com/books/30-lessons-for-living/ Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://twitter.com/MarkMcGrathCFP

Every time we make a choice, our minds go through an elaborate process most of us never even notice. We're influenced by subtle aspects of the way the choice is presented that often make the difference between a good decision and a bad one. How do we overcome the common faults in our decision-making and enable better choices in any situation? This question and more are answered in our guests latest book, The Elements of Choice: Why the Way We Decide Matters. Eric Johnson is a faculty member at the Columbia Business School at Columbia University where he is the inaugural holder of the Norman Eig Chair of Business, and Director of the Center for Decision Sciences. His research examines the interface between Behavioral Decision Research, Economics and the decisions made by consumers, managers, and their implications for public policy, markets and marketing. Eric and Greg analyze choice architecture from many angles in this episode, as well as touching on menu science, the problem with alphabetizing, and the impacts of good choice architecture on education. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Every time we make a choice, our minds go through an elaborate process most of us never even notice. We're influenced by subtle aspects of the way the choice is presented that often make the difference between a good decision and a bad one. How do we overcome the common faults in our decision-making and enable better choices in any situation? This question and more are answered in our guests latest book, The Elements of Choice: Why the Way We Decide Matters. Eric Johnson is a faculty member at the Columbia Business School at Columbia University where he is the inaugural holder of the Norman Eig Chair of Business, and Director of the Center for Decision Sciences. His research examines the interface between Behavioral Decision Research, Economics and the decisions made by consumers, managers, and their implications for public policy, markets and marketing. Eric and Greg analyze choice architecture from many angles in this episode, as well as touching on menu science, the problem with alphabetizing, and the impacts of good choice architecture on education. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/psychology

Every time we make a choice, our minds go through an elaborate process most of us never even notice. We're influenced by subtle aspects of the way the choice is presented that often make the difference between a good decision and a bad one. How do we overcome the common faults in our decision-making and enable better choices in any situation? This question and more are answered in our guests latest book, The Elements of Choice: Why the Way We Decide Matters. Eric Johnson is a faculty member at the Columbia Business School at Columbia University where he is the inaugural holder of the Norman Eig Chair of Business, and Director of the Center for Decision Sciences. His research examines the interface between Behavioral Decision Research, Economics and the decisions made by consumers, managers, and their implications for public policy, markets and marketing. Eric and Greg analyze choice architecture from many angles in this episode, as well as touching on menu science, the problem with alphabetizing, and the impacts of good choice architecture on education. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices

How can companies encourage consumers to adopt smartphone apps? A new Journal of Marketing study explores how minor design changes can make users more likely to enable important app features and complete app onboarding. Read an in-depth recap of this research here: https://www.ama.org/2023/01/24/nudge-nudge-wink-wink-how-choice-architecture-facilitates-consumer-uptake-of-mobile-apps/ Read the full Journal of Marketing article here: https://doi.org/10.1177/00222429221141066 Reference: Crystal Reeck, Nathaniel A. Posner, Kellen Mrkva, and Eric J. Johnson, “Nudging App Adoption: Choice Architecture Facilitates Consumer Uptake of Mobile Apps,” Journal of Marketing. doi:10.1177/00222429221141066 Narrator: Saira Salyani Acknowledgments: Aman Soni Topics: mobile apps, decision making, choice architecture, smartphones, design, consumer behavior The JM Buzz is a production of the Journal of Marketing and is produced by University FM.

The decisions we make may be further out of our control than we'd like to imagine. Today we are joined by Professor Eric J. Johnson to discuss choice architecture and its role in financial decision-making. Eric is a decision science expert and the author of the book, The Elements of Choice: Why the Way We Decide Matters. In this episode, we learn about the various factors that impact not only decision-making but the effort required to make a decision. Eric shares his philosophy on free will and shares advice for making important decisions and guiding clients to find the right choice as a financial advisor. Tune in to discover how to minimize the influence of the choice architect and take charge of your decisions!   Key Points From This Episode:   •    Introducing Professor Eric J. Johnson and this week's topic: financial decision-making. (0:00:26) •    The hidden partner that accompanies us when we make decisions. (0:03:42) •    How design choices impact our decisions. (0:04:54) •    The plausible path: what it is and how we choose it. (0:06:00) •    Advice for making important decisions. (0:08:21) •    The impact of recent events on decision-making. (0:10:33) •    How to be your own choice architect. (0:12:15) •    Factors impacting the effort required to make a decision. (0:13:22) •    The impact of default choices and what influences them. (0:16:09) •    How choice architecture can help people find the right choice. (0:20:17) •    The influence of sorting on what people choose. (0:25:18) •    How the order of options being presented and the way they're described impact decisions. (0:26:54) •    How exponential growth bias influences long-term decisions and how financial advisors can help clients understand the impact. (0:31:45) •    The effectiveness of Netflix as a choice engine, the role choice engines play in educating users, and the value of just-in-time education. (0:35:04) •    The impact of social media on people's attention and intentions. (0:40:08) •    Eric shares his philosophy on free will and the factors impacting our choices. (0:42:55) •    How to minimize the influence of the choice architect. (0:44:16) •     What financial advisors can do to be most useful to their clients. (0:46:00) •    How Eric defines success in his life. (0:50:12)     Participate in our 23 in 23 Reading Challenge: 23 in 23 Reading Challenge — https://rationalreminder.ca/23in23 23 in 23 Reading Challenge on Beanstalk — https://pwlcapital.beanstack.org/   Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca/t/episode-240-prof-eric-j-johnson-choice-architecture-and-financial-decisions-discussion-thread/22037   Book From Today's Episode: The Elements of Choice — https://theelementsofchoice.com/   Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on Twitter — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Benjamin on Twitter — https://twitter.com/benjaminwfelix Cameron on Twitter — https://twitter.com/CameronPassmore Prof. Eric J. Johnson on Twitter — https://twitter.com/profericjohnson  

Click for full show notes, exercises, and parenting scripts from this episodeWe make thousands of choices every day–what to eat, what to wear, which email to send first, even how much creamer to put in our coffee. It might seem like we're making these choices of our own accord, but we often don't realize how many forces are influencing each and every choice we make. Everything from corporate marketing to peer influence can shape our decisions in profound and surprising ways!This is especially true for teenagers, who are making some early and important decisions like where to go to college or what career to commit to. If we want teens to make smart choices, we'll have to teach them to spot all the ways their decisions are being influenced by those around them.To help us understand how external forces affect our decision-making process, we're talking to Eric J. Johnson, author of The Elements of Choice: Why the Way We Decide Matters. Eric is a Professor of Business and Director of the Center of Decision Studies at Columbia Business School. He's also the President of the Society for Judgment and Decision Making and The Society for Neuroeconomics at Columbia! An expert on the science of decision-making, Eric is here to help us understand the nuanced influences that affect every choice we make.In our interview, we're discussing the different kinds of decision-making and their advantages. We also break down the way external factors influence our choices, and the significance of memory in our decision-making.Click for full show notes, exercises, and parenting scripts from this episode

In this episode, we speak with Eric J. Johnson, the Director of the Center of Decision Sciences at Columbia University's Business School and author of the new book, Elements of Choice. His research gives us valuable insight into how we can implement intentional design strategies to overcome common faults in our decision-making and enable better choices. During the conversation, we learned: - The importance of conscious and intentional design - 3 questions designers should be asking themselves when developing elements of choice - How to create effective defaults (hint: use these 3 elements--ease, endowment, endorsement) - How to navigate customizable choice environments, also known as choice engines - Variability in nudge effects and the ethics of choice architecture

In 2018, Goldman Sachs reported that Google paid Apple $9 billion to be the default search engine on the iPhone; by 2022 that number is reportedly $20 billion. Why is a position that a user could easily change with just a few clicks so valuable? The answer, according to my Friday Fireside Chat guest, Eric J. Johnson, has to do with choice architecture. How choices are presented to us affect our decisions in deeply profound ways. This is explored in his terrific new book "The Elements of Choice: Why the Way We Decide Matters." We'll be talking about his idea of sludge - when a decision situation makes what is in the best interest of the chooser difficult - and dark patterns, when users are tricked into taking an action they didn't intend to. Join us for what I know will be an eye-opening session. Rita McGrath is a best-selling author, sought-after speaker, and longtime professor at Columbia Business School. As one of the world's top experts on innovation and growth, Rita's work is regularly published in the Harvard Business Review. She is consistently ranked among the Top 10 management thinkers in the world and was ranked #1 for strategy by Thinkers50. Get in Touch, Keep in Touch! https://www.ritamcgrath.com/You can follow me on Twitter (@rgmcgrath), on Instagram (@ritamcgrathofficial), on LinkedIn and here on YouTube. For access to the archives, ability to make comments and to be part of the community, subscribe. --- Send in a voice message: https://podcasters.spotify.com/pod/show/thoughtsparksritamcgrath/message

Small design changes to insurance marketplaces can lead to better consumer decisions. Read the full Journal of Marketing article here: https://doi.org/10.1177/00222429221119086 Read the text of this episode here: https://www.ama.org/2022/08/23/how-minor-changes-in-choice-architecture-can-improve-health-insurance-product-choices-and-costs/ Reference: Benedict G.C. Dellaert, Eric J. Johnson, Shannon Duncan, and Tom Baker, "Choice Architecture for Healthier Insurance Decisions: Ordering and Partitioning Together Can Improve Consumer Choice," Journal of Marketing. doi:10.1177/00222429221119086 Narrator and Producer: Marissa Lambert The JM Buzz is a production of the Journal of Marketing and is produced by University FM.

Choice architecture, the way choices are presented to people, is often overlooked as an important influence on both big and small decisions. One of the world's most recognized researchers on decision-making, Eric Johnson, has studied choice architecture and its effects on behavior. Understanding how we make choices and improving their presentation helps us design better processes for many important situations. We are all choice architects, Eric says. Show Notes, Transcript, Resources: https://www.rogerdooley.com/eric-johnson-choice/ Book: https://amzn.to/3Jp7abM  Eric joins Brainfluence to dissect our roles as choice architects and explain how to change our choice architectures to arrive at better decisions. A well-designed choice architecture helps you to look beyond the easiest and most accessible paths or memory-based preferences. Eric also explains how default choices are formed, the 3 E's that make them, and how to not be blinded by them. You'll learn about how choice architecture applies to our most basic decisions in life, including choosing a dress to wear or voting for a political party. You'll also learn to make better decisions when faced with an overwhelming number of options. In a nutshell, you'll understand that the clearer you can see your choices, the better your decision-making becomes.

Welcome to The Voice of Retail. I'm your host Michael LeBlanc. This podcast is brought to you in conjunction with Retail Council of Canada.The way we decide matters.  So says Eric Johnson, director of the Centre  for Decision Sciences at Columbia Business School and author of the new book “The Elements of Choice”In a great conversation we delve into the architecture of choice - according to Eric, every time we make a choice, our minds go through an elaborate process most of us never notice. We talk about how all of this applies to our lives, and our lives as retailers, in this exclusive interview.Speaking of great choices, I heard from the team over at the Global Ecommerce Leaders Forum that the ecommerce industry was back out in force last week in Palm Springs at eTailWest. If you're looking to ramp up your ecommerce sales outside of Canada and the US, definitely put GELF LA '22 on your schedule for next month.  The global DTC and cross-border ecommerce community will be back in West Hollywood on April 21st at the Director's Guide of America.  You can sign up at www.globalecommerceleadersforum.com and if you have a great international story to share, the GELF is always looking for new voices to join them on stage. That's April 21st for GELF LA 2022Thanks for tuning into this special episode of The Voice of Retail.  If you haven't already, be sure and click subscribe on your favourite podcast platform so new episodes will land automatically twice a week, and check out my other retail industry media properties; the Remarkable Retail podcast, the Conversations with CommerceNext podcast, and the Food Professor podcast.  Last but not least, if you are into BBQ, check out my all new YouTube barbecue show, Last Request Barbeque, with new episodes each and every week!I'm your host Michael LeBlanc, President of M.E. LeBlanc & Company & Maven Media, and if you're looking for more content, or want to chat  follow me on LinkedIn, or visit my website meleblanc.co!  Have a safe week everyone!About EricEric J. Johnson is the Norman Eig Professor of Business and the director of the Center for Decision Sciences at Columbia Business School. He has been the president of both the Society for Judgment and Decision Making and the Society for Neuroeconomics. He lives in New York City. About MichaelMichael is the Founder & President of M.E. LeBlanc & Company Inc and a Senior Advisor to Retail Council of Canada as part of his advisory and consulting practice. He brings 25+ years of brand/retail/marketing & eCommerce leadership experience and has been on the front lines of retail industry change for his entire career. He has delivered keynotes, hosted fire-side discussions with C-level executives and participated on thought leadership panels worldwide.  Michael was recently added to ReThink Retail's prestigious Top 100 Global Retail Influencers for a second year in  2022.Michael is also the producer and host of a network of leading podcasts, including Canada's top retail industry podcast, The Voice of Retail, plus the Remarkable Retail with author Steve Dennis, Global E-Commerce Tech Talks and The Food Professor with Dr. Sylvain Charlebois.  Most recently, Michael launched Conversations with CommerceNext, a podcast focussed on retail eCommerce, digital marketing and retail careers - all available on Apple, Spotify, Amazon Music and all major podcast platforms.   Michael is also the producer and host of the “Last Request Barbeque” channel on YouTube where he cooks meals to die for and influencer riches.

Michael Mauboussin is a thought-leader on decision-making, the role of complexity in markets, and most topics related to investing. His latest contribution to the investor community is the updated version of "Expectations Investing", published in 2021. To us, the book is a must-read and our conversation with Michael is both an introduction to the big concepts as well as an in-depth exploration into the art of valuing stocks.For more info about the podcast, go to the episode page.—————————————Episode Chapters(00:00) Intro to Mauboussin & Expectations Investing(04:05) Michael's motivation to educate (05:35) Reading stock prices for better returns(08:39) Expectations Investing - more useful than ever(11:58) Earning the right to use valuation multiples(15:46) Is long-termism an edge?(19:12) Expectations Investing: Step 1 - Price-implied expectations(36:46) Expectations Investing: Step 2 - Most important triggers(1:01:07) Expectations Investing: Step 3 - Buy and sell decisions(1:08:38) Portfolio concentration and small caps investing(1:13:49) The concepts of real options and reflexivity(1:20:48) Overprecision and confirmation bias(1:25:48) Automation vs human judgement in the investing process(1:29:19) Gary Klein's pre-mortem(1:33:28) Michael's work in progress(1:36:53) Three life-changing books—————————————Articles & Books MentionedExpectations Investing - Michael Mauboussin, Alfred Rappaport (1st Edition 2001, updated 2021)More Than You Know - Michael Mauboussin (2006)Think Twice - Michael Mauboussin (2009)The Success Equation - Michael Mauboussin (2012)Creating Shareholder Value - Alfred Rappaport (1986)Expert Political Judgment - Philip Tetlock (2005)The Base Rate Book - Michael Mauboussin (2016)The Impact of Intangibles on Base Rates - Michael Mauboussin (2021)Measuring the Moat - Michael Mauboussin (2016)Gambling with the House Money and Trying to Break Even - Richard H. Thaler, Eric J. Johnson (1990)Dollars and Sense - Dan Ariely, Jeff Kreisler (2017)Public to Private Equity in the United States - Michael Mauboussin (2020)Do Stocks Outperform Treasury Bills? - Hendrik Bessembinder (2017) An Engine, Not a Camera - Donald Alexander Mackenzie (2006)Noise - Daniel Kahneman, Olivier Sibony, Cass R. Sunstein (2021)Complexity - M. Mitchell Waldrop (1993)Consilience - Edward O. Wilson (1999)—————————————Companies MentionedAmazonBerkshire HathawayCostcoDomino's Pizza ShopifyTesla—————————————More on Michael MauboussinAbout: http://michaelmauboussin.com/Expectations Investing: https://www.expectationsinvesting.com/Twitter: https://twitter.com/mjmauboussin—————————————What is Investing by the Books?Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis. Visit the website: http://www.investingbythebooks.com/Follow on Twitter: https://twitter.com/Investbythebook—————————————What is Redeye?Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality. Visit the website: https://www.redeye.se/Follow on Twitter: https://twitter.com/Redeye_—————————————DisclaimerNotice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

In this episode, we speak with Eric J. Johnson about all things choice architecture and choice engines. Eric is professor at Columbia Business School at Columbia University and Director of the Center for Decision Sciences. His recently published book The Elements of Choice is a fascinating exploration of decision-making research revealing how choices are designed—and why it's so important to understand their inner workings. We had a fun conversation with Eric about everything choice architecture and beyond, including how to provide the right amount of options, the attributes of a good choice engine, and that there's no neutral choice architecture – the environment is always influencing our decisions one way or another. We also ask Eric to redesign popular digital products, including Tinder, Netflix, and Amazon. Relevant links Eric's website Twitter Book: The Elements of Choice Support the podcast by joining Habit Weekly Pro

Although some decisions are never easy, they can be made even more complicated by the manner in which they are presented. On this episode, Dr. Eric J. Johnson discussed his new book, The Elements of Choice.

How do we make decisions? What factors influence the final outcome? Do default settings change our preferences? Every decision we make; from choosing something on a menu to deciding whether to be an organ donor, is influenced by our environmental context and the default selections presented to us.  Professor Eric J. Johnson has distilled the latest behavioral science research into his newest book, The Elements of Choice: Why the Way We Decide Matters, and we are thrilled to talk with him about it on this episode of Behavioral Grooves. Eric is Director of the Center for Decision Sciences at Columbia Business School at Columbia University. He examines the interaction between Behavioral Decision Research, Economics and consumer decision making. The implications of his research come together in real world applications such as public policy and marketing. Eric talks with us about how options are presented to decision-makers and how framing affects choices. Our decisions are “assembled”, as Eric likes to put it, in the moment and are not necessarily pre-determined by our preferences. Choice architects have very influential power over decision-makers but Eric highlights to us that we are all designers, and with that comes a moral responsibility.  Topics  (3:56) How Leading Human™ can help with returning to the office. (6:28) Welcome and speed round. (8:00) How interference affects our decision making.  (10:32) The controversy of organ donation defaults. (16:32) We are all designers using the tools of choice architecture. (19:21) How sludge impacts our decision making. (22:42) How context influences defaults. (26:14) What factors moderate the impact of default settings? (29:01) Making choices in the real world vs. classic economic thinking. (32:18) The effects of asking people how long they will live vs. what year they expect to die. (35:04) Smart defaults: defaults set specifically for you. (38:02) What is Query Theory? (39:15) Choice architecture around vaccinations. (42:44) What area does Eric want to research in the future? (44:44) What music does Eric default to? (52:24) Grooving Session with Kurt and Tim on how to apply Eric's research to our lives.   © 2021 Behavioral Grooves Links Behavioral Grooves Patreon: www.patreon.com/behavioralgrooves Leading Human™ Workbook and Playbook: https://www.behavioralgrooves-store.com/products/copy-of-the-leading-human-playbook-workbook-package Leading Human™, Free Whitepaper Download: https://www.behavioralgrooves-store.com/collections/leading-human/products/human-centered-workplace-checklist Leading Human™ Workshop on Dec 14th, 2021 (more dates to be added soon): https://www.behavioralgrooves-store.com/collections/leading-human/products/leading-human-workshop Promo Code: GROOVERS to receive $20 off (limited time offer for listeners). “The Elements of Choice: Why the Way We Decide Matters” by Eric J. Johnson:  https://amzn.to/39yXr20 "Do Defaults Save Lives?" by Johnson, Eric, and Daniel Goldstein. Science 302 (2003): https://www8.gsb.columbia.edu/researcharchive/articles/1275  “Sludge: What Stops Us from Getting Things Done and What to Do about It” by Cass Sunstein: https://amzn.to/3i1lLhD Tim Kachuriak, Episode 221: Donating Our Money Is Irrational, So Why Do We Do It? Tim Kachuriak Explains Our Motivations: https://behavioralgrooves.com/episode/why-we-donate-our-money/ “Time to Retire: Why Americans Claim Benefits Early and How to Encourage Them to Delay” In Behavioral Science and Policy (2015). Coauthor(s): Kirstin Appelt, Melissa Knoll, Eric Johnson, Jonathan Westfall: https://behavioralpolicy.org/articles/time-to-retire-why-americans-claim-benefits-early-how-to-encourage-delay/  Musical Links  Eric Dolphy “Out to Lunch!”: https://www.youtube.com/watch?v=Ne6GCYO8pAc Django Reinhardt “Three-Fingered Lightning”: https://www.youtube.com/watch?v=PQhTpgicdx4  David Grisman Quartet “Dawg Funk”: https://www.youtube.com/watch?v=9P-FQ7xLiso  Jerry Garcia “How Sweet It Is To Be Loved By You”: https://www.youtube.com/watch?v=1_NOFuEb-yo&ab_channel=JerryGarcia  Beethoven: https://www.youtube.com/watch?v=W-fFHeTX70Q  Caroline Shaw & Sō Percussion “Let The Soil Play a Simple Part”: https://www.youtube.com/watch?v=-cHc4n5mgNM&ab_channel=NonesuchRecords  George E. Lewis “Mind In Flux” at the BBC Proms 2021: https://www.youtube.com/watch?v=CSvwisQ3la4  Bruce Springsteen “Tougher Than The Rest”: https://www.youtube.com/watch?v=_91hNV6vuBY 

Author Eric J. Johnson joins Cory to talk about the choices we make, how they are made, and the important process of decision-making. See omnystudio.com/listener for privacy information.

0:00 - Dan & Amy take a look at day 1 of Chicago's purge of unvaccinated employees 15:08 - Dan & Amy take callers reaction to Lori Lightfoot's mandates 33:30 - Dan & Amy discuss George Stephanopoulos' recent interview of Christopher Steele 48:29 - Alderman for the 15th Ward in Chicago, Raymond Lopez, urges Mayor Lightfoot to back down from her standoff with CPD and other city employees Stay up to date with Alderman Lopez on twitter here 01:06:45 - Jim Troupis, former Judge in Wisconsin's Dane County, discusses the election recount he led last fall and his testimony at the Senate hearing on election irregularities Follow Jim Troupis on twitterhere  01:21:38 - President at Wirepoints, Inc., Ted Dabrowski, weighs in on the Illinois vaccine mandate debate Check out Ted's latest at wirepoints.org 01:37:27 - Eric J. Johnson, Norman Eig Professor of Business and the director of the Center for Decision Sciences at Columbia Business School, shares his new book THE ELEMENTS OF CHOICE: Why the Way We Decide Matters. Purchase Professor Eric Johnson's book here 01:53:17 - Shannon Carpenter, stay-at-home dad since 2008 and humor writer trained through the famous Second City, shares his experience in his new book  The Ultimate Stay-at-Home Dad: Your Essential Manual for Being an Awesome Full-Time Father Buy Shannon's book here See omnystudio.com/listener for privacy information.

A few months ago, in episode 162 you got to hear from Leidy Klotz about his fantastic new book Subtract, which is based on this question of why we humans look to add first when often subtracting can be a better option. It is a little bit of minimalism/essentialism and a really great episode to help people overcome loss aversion and see that, as he says, “less is not a loss,” such a cool insight. Anyway, while he and I were doing our pre and post-interview chat, he mentioned that his friend and colleague Eric Johnson had a book coming out soon called The Elements of Choice and that I should talk with him about it, so here we are. Dr. Johnson is not a newbie to the space by any means, as you will hear in the interview. He has had the opportunity to work and train with some of the most notable names in the field, including Herbert Simon, Amos Tversky, as well as his friends Richard Thaler and Cass Sunstein. He is the Norman Eig Professor of Business and the Director of the Center for Decision Sciences at Columbia Business School. He has been the president of both the Society for Judgment and Decision Making and the Society for Neuroeconomics. He has decades of experience and definitely knows his stuff, which is one of the many reasons I was so honored to chat with him and share the conversation with you.  Show Notes: [00:07] In today's episode I'm introducing you to Dr. Eric J. Johnson, author of the brand new book, The Elements of Choice. [03:57] Eric shares his background and how he got into the field. His research has always been about helping people make choices and how the way we present information to them affects their choices.  [05:40] He was fascinated with the choices he observed people making.  [07:06] Eric shares research from a former student of his. She implemented the health records systems at a major New York hospital.  [09:18] Memory played an important role in the doctor's behavior in her research. [11:31] When you put in the time to plan the architecture upfront, the actual intention itself can be very small. Designers often have more influence than they realize. [12:42] He shares his research about taking different doors at the Copenhagen airport. [14:06] Little bits of effort at the beginning of the decision have an influence throughout the course of the decision. Choice architecture usually works by favoring one path over another.  [16:10] If I know exactly what you want I would give you just one option, but the person making the choice knows a lot about themselves so they often know more about what they want.   [18:10] There is a trade-off between how much you are asking of people (in terms of deciding) and how much variety you need to give them so they can find the option that is best for them.  [20:45] Choice is not determined by myself and my preferences alone.  [21:38] We are all designers all the time.  [23:14] Order will have an influence depending on your medium. There are many other things as a designer to think about also.  [24:50] Defaults are powerful. Eric and Dan Goldstein researched defaults in organ donations.  [27:07] Not all situations are the same, so you really need to look across all the studies and understand your own situation and context.  [28:44] Our preferences aren't written in stone. We have many preferences. Depending on what comes to mind, I might make different choices.  [29:36] Eric shares one of his favorite studies where they ask people about climate change and would they pay a carbon tax (or carbon offset) to fight climate change.  [32:26] One study is not enough to actually build a science. We need to do cross studies. [35:16] Eric shares how choice architecture can affect COVID vaccinations.  [38:00] Defaults work because they endow you with the option. You think less about the disadvantages. [39:26] The decisions of our privacy and cookies are decisions we make multiple times a day.  [40:32] Choice architecture and designers have amazing influence. Hopefully, people will design in ways they want to be designed to.  [41:46] Melina shares a study about trying to influence people to take the stairs instead of riding the elevator.  [43:31] Defaults are everywhere. They save us effort by not having to make a decision every time.   [46:16] Melina shares her closing thoughts. [47:44] The more you know about someone, the fewer choices you can provide to them. When you have no idea who your customer is – what they like, what the context is of them finding you, why they are there, what needs they are looking to fill or problems they need to solve, you then have to present a whole bunch of choices, which can make it harder for them to make a decision. [50:33] Melina's award-winning first book, What Your Customer Wants and Can't Tell You is available on Amazon, Bookshop, Barnes & Noble, Book Depository, and Booktopia. Thanks for listening. Don't forget to subscribe on Apple Podcasts or Android. If you like what you heard, please leave a review on iTunes and share what you liked about the show.  I hope you love everything recommended via The Brainy Business! Everything was independently reviewed and selected by me, Melina Palmer. So you know, as an Amazon Associate I earn from qualifying purchases. That means if you decide to shop from the links on this page (via Amazon or others), The Brainy Business may collect a share of sales or other compensation. Let's connect: Melina@TheBrainyBusiness.com The Brainy Business® on Facebook The Brainy Business on Twitter The Brainy Business on Instagram The Brainy Business on LinkedIn Melina on LinkedIn The Brainy Business on Youtube Join the BE Thoughtful Revolution – our free behavioral economics community, and keep the conversation going! More from The Brainy Business:

In this episode of “Keen On”, Andrew is joined by Eric J. Johnson, the author of “The Elements of Choice: Why the Way We Decide Matters”, to discuss how we can design better end-to-end decision-making processes that are unique to our respective situations. Eric J. Johnson is a faculty member at the Columbia Business School at Columbia University where he is the inaugural holder of the Norman Eig Chair of Business, and Director of the Center for Decision Sciences. His research examines the interface between Behavioral Decision Research, Economics and the decisions made by consumers, managers, and their implications for public policy, markets and marketing. Among other topics, Johnson has explored how the way options are presented to decision-makers affect their choices in areas such as organ donation, the choice of environmentally friendly products, and investments. Visit our website: https://lithub.com/story-type/keen-on/ Email Andrew: a.keen@me.com Watch the show live on Twitter: https://twitter.com/ajkeen Watch the show live on LinkedIn: https://www.linkedin.com/in/ankeen/ Watch the show live on Facebook: https://www.facebook.com/lithub Watch the show on YouTube: https://www.youtube.com/c/LiteraryHub/videos Subscribe to Andrew's newsletter: https://andrew2ec.substack.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode 198 Professor Eric J. Johnson. Dan Sterenchuk and Tommy Estlund are honored to have as our guest, Professor Eric J. Johnson. Eric J. Johnson is Norman Eig Professor of Business, and Director of the Center for Decision Sciences at the Columbia Business School. He has been the President of the Society for Judgment and Decision-Making and the Society for Neuroeconomics. His academic awards include the Distinguished Scientific Achievement Award of the Society for Consumer Psychology, Fellow of the Association of Consumer Research, and an honorary doctorate in behavioral economics from the University of St. Gallen in Switzerland. To buy the book and learn more: https://www.theelementsofchoice.com Twitter: https://twitter.com/profericjohnson Note: Guests create their own bio description for each episode. The Curiosity Hour Podcast is hosted and produced by Dan Sterenchuk and Tommy Estlund. Tommy and Dan requested and were provided with a review copy of the book in preparation for interviewing Professor Johnson. Thank you to the publisher and Professor Johnson for providing us with these books. The Curiosity Hour Podcast is listener supported! The easiest way to donate is via the Venmo app and you can donate to (at symbol) CuriosityHour (Download app here: venmo.com) The Curiosity Hour Podcast is available free on 13 platforms: Apple Podcasts, Google Podcasts, Spotify, Amazon Music, Audible, Soundcloud, TuneIn, iHeartRadio, Stitcher, Podbean, PlayerFM, Castbox, and Pocket Casts. Disclaimers: The Curiosity Hour Podcast may contain content not suitable for all audiences. Listener discretion advised. The views and opinions expressed by the guests on this podcast are solely those of the guest(s). These views and opinions do not necessarily represent those of The Curiosity Hour Podcast. This podcast may contain explicit language. The Public Service Announcement near the end of the episode solely represents the views of Tommy and Dan and not our guests or our listeners.

Qu'est-ce que la créativité ? Etes-vous créatif ? Pouvez-vous le devenir ? Nous répondons à quelques unes de ces questions au fil de nos découvertes. Dans cet épisode vous serez surpris (nous l'espérons) par toutes les notions qui gravitent autour de la créativité. Vous apprendrez qu'au fil de l'âge nous sommes de moins en moins créatifs mais qu'il n'existe pas de fatalité et que l'on devient créatif plus qu'on ne l'apprend. Pour rappel, nous ne sommes pas des experts mais de simples curieux qui partageons ce qui nous a intéressé. Ainsi, si des éléments sont manquants ou erronés, n'hésitez pas à nous le faire savoir. Nous essaierons autant que possible de rectifier nos propos. Bonne écoute! Références: - R.E. Beaty et coll., « Robust Prediction of Individual Creative Ability from Brain Functional Connectivity », in Proceedings of the National Academy of Sciences, janv. 2018 - Eric J. Johnson and Daniel Goldstein, Do Defaults Save Lives?, Science 302 (2003) 1338:1339 - George Land and Beth Jarman, Breaking Point and Beyond. San Francisco: HarperBusiness, 1993 - Placebo can enhance creativity - Liron Rozenkrantz, Avraham E. Mayo, Tomer Ilan, Yuval Hart, Lior Noy , Uri Alon (2017) - Dreaming (Vol. 3, No. 2)- Deidre Barrett, PhD (1993) - Organizational Behavior and Human Decision Processes (Vol. 82, No. 1) - Paul Paulus (2000) - Creativity Research Journal (Vol. 14, No. 3.4) - Janetta Mitchell McCoy (2002) - Creativity Research Journal (Vol. 16, No. 2.3) - Karen Gasper (2004)

Retirement plans, green energy, organ donations — how can defaults help you save money, save the environment, and save lives?  What difference does it make if you have the choice to opt-out now or opt-in later?  Eric Johnson, Columbia Business School professor examines the powerful role that defaults hold in changing behavior and the way we construct our values.  He offers insight on how to design defaults to maximize impact and presents common pitfalls to avoid.  Johnson spoke at Small Steps, Big Leaps, a special research briefing convened by Professors Francis Flynn and Jennifer Aaker and their colleagues in the field of prosocial behavior. They presented practical, and cost-effective solutions for encouraging donations, volunteerism, social activism, and other responsible, caring, and prosocial behaviors. Eric J. Johnson is a marketing professor at Columbia University’s School of Business. His research interests are in consumer and managerial decision-making and electronic commerce. He is among the most widely cited scholars in marketing, according to the Thompson Scientific Highly Cited ratings. His work on electronic commerce has been published in the Communications of the ACM, Journal of Consumer Research, Journal of Marketing, Journal of Interactive Marketing, and Management Science. He has presented his work before the Federal Trade Commission, and has been quoted in the New York Times, the Wall Street Journal, Readers Digest, National Public Radio‘s Morning Edition, Marketplace, and the CBS Evening News. He is a coauthor of two books: Decision Research: A Field Guide and The Adaptive Decision Maker. His research in behavioral economics has appeared in Science, Journal of Economic Theory, as well as in two books. Earlier work examining the role of affect and similarity in understanding risk in papers has been published in Journal of Personality and Social Psychology, and the Journal of Experimental Psychology. In addition, Johnson is the director of the Columbia Center for Excellence in E-Business, and co-director of the Center for Decision Sciences at Columbia University. Professor Johnson serves on editorial boards of several journals, including the Journal of Consumer Psychology (former associate editor), Journal of Consumer Research, the Journal of Interactive Marketing and Marketing Letters. https://ssir.org/podcasts/entry/can_defaults_save_lives