Podcasts about Satisficing

What role does experimentation play in making big life and creative decisions? What lessons can podcasters teach us about effective communication in business?Show Summary To answer these questions, in this festive episode, I'm thrilled to welcome back two friends of the show, two of my favorite podcasters, Tim Houlihan and Kurt Nelson, co-hosts of the Behavioral Grooves podcast.Known for their brilliance in behavioral science and knack for experimentation, Tim and Kurt bring unique insights into podcasting, creativity, and decision-making. Together, we dive into their individual projects and collective experiments that push the boundaries of podcasting.Tim shares his personal behavioral experiment—searching for a new home through a disciplined, satisficing approach. He reveals the challenges and joys of balancing criteria while navigating the stress of decision-making. Meanwhile, Kurt and Tim reflect on their podcasting journey, exploring creative formats like episodic series and Groove Jams.They also discuss how podcasting can be a powerful tool for internal corporate communication, offering insights into storytelling and audience engagement.This conversation is packed with reflections on experimentation, the value of adaptability, and how behavioral science can improve our personal and professional lives.Whether you're a fan of behaviorual science, a podcast enthusiast, or someone looking for fresh perspectives, this episode will inspire and entertain.Guest BiographiesTim Houlihan is a seasoned behavioral science communicator. He brings years of expertise in applying behavioral insights to real-world challenges, focusing on decision-making, innovation, and communication.Kurt Nelson is a behavioral scientist with a passion for leveraging psychology to inspire better outcomes in business and life. Known for his engaging storytelling, Kurt brings deep knowledge of behavioral principles to both podcasting and corporate consulting.Both of them co-host the fabulous BeSci podcast, Behavioral Grooves, has become a go-to resource for exploring behavioral science concepts through fascinating interviews and creative formats. With over 450 episodes, they continue to redefine the podcasting space.AI-Generated Timestamped Summary(02:00) - Tim's Behavioural Science Experiment of where he should live(11:32) - Decision-Making and Satisfaction in Housing(17:26) - Navigating Choices (21:21) - The Power of Corporate Podcasting(35:01) - Effective Communication in Organizations(47:08) - Exploring the Evolution of Behavioural Science Podcast Mini-series(55:47) - Selecting Podcast Guests(59:18) - Building Genuine Connections Through Podcasting(01:07:23) - Future Plans for Behavioral Grooves Podcast(01:13:24) - Behavior Shift with an 'f'(01:22:53) - Impact of Behavioural Science ApplicationsLinksBehavioral Grooves podcast: https://behavioralgrooves.com/Their first ever Groove Jam with me! https://behavioralgrooves.com/episode/historys-biggest-what-ifs/Tim on LinkedIn: https://www.linkedin.com/in/tim-houlihan-b-e/Kurt on LinkedIn: https://www.linkedin.com/in/kurtwnelson/Hartmut Rosa's book Resonance - https://www.politybooks.com/bookdetail?book_slug=resonance-a-sociology-of-our-relationship-to-the-world--9781509519897Google's Notebook LLM whcih produces an AI-generated 'podcast' summary of documents: https://notebooklm.google/

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Principled Satisficing To Avoid Goodhart, published by JenniferRM on August 17, 2024 on LessWrong. There's an admirable LW post with (currently) zero net upvotes titled Goodhart's Law and Emotions where a relatively new user re-invents concepts related to super-stimuli. In the comments, noggin-scratcher explains in more detail: The technical meaning is a stimulus that produces a stronger response than the stimulus for which that response originally evolved. So for example a candy bar having a carefully engineered combination of sugar, fat, salt, and flavour in proportions that make it more appetising than any naturally occurring food. Or outrage-baiting infotainment "news" capturing attention more effectively than anything that one villager could have said to another about important recent events. In my opinion, there's a danger that arises when applying the dictum to know thyself, where one can do this so successfully that one begins to perceive the logical structure of the parts of yourself that generate subjectively accessible emotional feedback signals. In the face of this, you face a sort of a choice: (1) optimize these to get more hedons AT ALL as a coherent intrinsic good, or (2) something else which is not that. In general, for myself, when I was younger and possibly more foolish than I am now, I decided that I was going to be explicitly NOT A HEDONIST. What I meant by this has changed over time, but I haven't given up on it. In a single paragraph, I might "shoot from the hip" and say that when you are "not a hedonist (and are satisficing in ways that you hope avoid Goodhart)" it doesn't necessarily mean that you throw away joy, it just means that that WHEN you "put on your scientist hat", and try to take baby steps, and incrementally modify your quickly-deployable habits, to make them more robust and give you better outcomes, you treat joy as a measurement, rather than a desiderata. You treat subjective joy like some third pary scientist (who might have a collaborator who filled their spreadsheet with fake data because they want a Nature paper, that they are still defending the accuracy of, at a cocktail party, in an ego-invested way) saying "the thing the joy is about is good for you and you should get more of it". When I first played around with this approach I found that it worked to think of myself as abstractly-wanting to explore "conscious optimization of all the things" via methods that try to only pay attention to the plausible semantic understandings (inside of the feeling generating submodules?) that could plausibly have existed back when the hedonic apparatus inside my head was being constructed. (Evolution is pretty dumb, so these semantic understandings were likely to be quite coarse. Cultural evolution is also pretty dumb, and often actively inimical to virtue and freedom and happiness and lovingkindness and wisdom, so those semantic understandings also might be worth some amount of mistrust.) Then, given a model of a modeling process that built a feeling in my head, I wanted to try to figure out what things in the world that that modeling process might have been pointing to, and think about the relatively universal instrumental utility concerns that arise proximate to the things that the hedonic subsystem reacts to. Then maybe just... optimize those things in instrumentally reasonable ways? This would predictably "leave hedons on the table"! But it would predictably stay aligned with my hedonic subsystems (at least for a while, at least for small amounts of optimization pressure) in cases where maybe I was going totally off the rails because "my theory of what I should optimize for" had deep and profound flaws. Like suppose I reasoned (and to be clear, this is silly, and the error is there on purpose): 1. Making glucose feel good is simply a w...

Link to original articleWelcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Principled Satisficing To Avoid Goodhart, published by JenniferRM on August 17, 2024 on LessWrong. There's an admirable LW post with (currently) zero net upvotes titled Goodhart's Law and Emotions where a relatively new user re-invents concepts related to super-stimuli. In the comments, noggin-scratcher explains in more detail: The technical meaning is a stimulus that produces a stronger response than the stimulus for which that response originally evolved. So for example a candy bar having a carefully engineered combination of sugar, fat, salt, and flavour in proportions that make it more appetising than any naturally occurring food. Or outrage-baiting infotainment "news" capturing attention more effectively than anything that one villager could have said to another about important recent events. In my opinion, there's a danger that arises when applying the dictum to know thyself, where one can do this so successfully that one begins to perceive the logical structure of the parts of yourself that generate subjectively accessible emotional feedback signals. In the face of this, you face a sort of a choice: (1) optimize these to get more hedons AT ALL as a coherent intrinsic good, or (2) something else which is not that. In general, for myself, when I was younger and possibly more foolish than I am now, I decided that I was going to be explicitly NOT A HEDONIST. What I meant by this has changed over time, but I haven't given up on it. In a single paragraph, I might "shoot from the hip" and say that when you are "not a hedonist (and are satisficing in ways that you hope avoid Goodhart)" it doesn't necessarily mean that you throw away joy, it just means that that WHEN you "put on your scientist hat", and try to take baby steps, and incrementally modify your quickly-deployable habits, to make them more robust and give you better outcomes, you treat joy as a measurement, rather than a desiderata. You treat subjective joy like some third pary scientist (who might have a collaborator who filled their spreadsheet with fake data because they want a Nature paper, that they are still defending the accuracy of, at a cocktail party, in an ego-invested way) saying "the thing the joy is about is good for you and you should get more of it". When I first played around with this approach I found that it worked to think of myself as abstractly-wanting to explore "conscious optimization of all the things" via methods that try to only pay attention to the plausible semantic understandings (inside of the feeling generating submodules?) that could plausibly have existed back when the hedonic apparatus inside my head was being constructed. (Evolution is pretty dumb, so these semantic understandings were likely to be quite coarse. Cultural evolution is also pretty dumb, and often actively inimical to virtue and freedom and happiness and lovingkindness and wisdom, so those semantic understandings also might be worth some amount of mistrust.) Then, given a model of a modeling process that built a feeling in my head, I wanted to try to figure out what things in the world that that modeling process might have been pointing to, and think about the relatively universal instrumental utility concerns that arise proximate to the things that the hedonic subsystem reacts to. Then maybe just... optimize those things in instrumentally reasonable ways? This would predictably "leave hedons on the table"! But it would predictably stay aligned with my hedonic subsystems (at least for a while, at least for small amounts of optimization pressure) in cases where maybe I was going totally off the rails because "my theory of what I should optimize for" had deep and profound flaws. Like suppose I reasoned (and to be clear, this is silly, and the error is there on purpose): 1. Making glucose feel good is simply a w...

Join Dr. Addison Killeen on today's episode of the Daily Dental Podcast as he delves into the intriguing concept of "maximizing" vs. "satisficing." Discover how understanding the difference between these decision-making strategies can enhance both your business and personal life. Don't miss this insightful discussion that can transform the way you approach decisions! For more information about Dr. Addison Killeen, visit: www.addisonkilleen.com or interact with him on a daily basis at www.DentalSuccessNetwork.com

rational vc Key Takeaways  People often underestimate the role of chance in their achievementsMild success can be explainable by skill, but wild success is attributable to variance In the long run, the “lucky” regress to the mean Understand Power Laws when investing; the wins of a few investments make up for the losses on many investments, and then some Survivorship Bias: the tendency to focus on successful individuals without considering those who failed due to random factors The probability of the loss must be judged in connection with the magnitude of the outcome; it is not the likelihood of an event that matters, but the magnitude of the outcome in connection with the likelihood of the event that does  Maximizing the probability of winning does not maximize the expected value from the game The confidence in which you make your decision is more important than the expected value that comes from that decision A mistake is not something to be determined after the fact, but in the light of the information until that point Read the full notes @ podcastnotes.orgEvery podcast episode we explore a Lindy book, and find ideas you can use in business and life. Join 3,000+ curious minds and avid readers @ rationalvc.com to get free access to essays and exclusive content. For the video version of episode click here.   Timestamps: (00:00) Intro / chit-chat (20:11) Randomness & Luck (24:46) Monte Carlo Simulation (31:09) Ergodicity (31:39) Hindsight Bias (38:00) Survivorship Bias (39:50) Asymmetric Bets / John & Nero (49:53) Skewness & Asymmetry (57:19) Pascal's Wager (1:00:53) Induction & Chaos Theory (1:03:22) Chapter 11 (1:08:45) System-1 vs System-2 Thinking (1:10:03) Satisficing (1:20:08) Normative vs Positive Thinking (1:25:52) Signal vs Noise (1:28:20) Heuristics (1:33:45) Final Part of Book (Part 3's Importance) (1:44:41) Favourite Quotes / Our Lives (2:06:11) Final Thoughts - Our website (all essays and podcasts): rationalvc.com  Our investment fund: rational.fund  Cyrus' Twitter: x.com/CyrusYari  Iman's Twitter: x.com/iman_olya -   Disclaimer: The materials provided are solely for informational or entertainment purposes and do not constitute investment or legal advice. All opinions expressed by hosts and guests are solely their own opinions and do not reflect the opinion of their employer(s). #Lindy #knowledge #books

rational vc Key Takeaways  People often underestimate the role of chance in their achievementsMild success can be explainable by skill, but wild success is attributable to variance In the long run, the “lucky” regress to the mean Understand Power Laws when investing; the wins of a few investments make up for the losses on many investments, and then some Survivorship Bias: the tendency to focus on successful individuals without considering those who failed due to random factors The probability of the loss must be judged in connection with the magnitude of the outcome; it is not the likelihood of an event that matters, but the magnitude of the outcome in connection with the likelihood of the event that does  Maximizing the probability of winning does not maximize the expected value from the game The confidence in which you make your decision is more important than the expected value that comes from that decision A mistake is not something to be determined after the fact, but in the light of the information until that point Read the full notes @ podcastnotes.orgEvery podcast episode we explore a Lindy book, and find ideas you can use in business and life. Join 3,000+ curious minds and avid readers @ rationalvc.com to get free access to essays and exclusive content. For the video version of episode click here.   Timestamps: (00:00) Intro / chit-chat (20:11) Randomness & Luck (24:46) Monte Carlo Simulation (31:09) Ergodicity (31:39) Hindsight Bias (38:00) Survivorship Bias (39:50) Asymmetric Bets / John & Nero (49:53) Skewness & Asymmetry (57:19) Pascal's Wager (1:00:53) Induction & Chaos Theory (1:03:22) Chapter 11 (1:08:45) System-1 vs System-2 Thinking (1:10:03) Satisficing (1:20:08) Normative vs Positive Thinking (1:25:52) Signal vs Noise (1:28:20) Heuristics (1:33:45) Final Part of Book (Part 3's Importance) (1:44:41) Favourite Quotes / Our Lives (2:06:11) Final Thoughts - Our website (all essays and podcasts): rationalvc.com  Our investment fund: rational.fund  Cyrus' Twitter: x.com/CyrusYari  Iman's Twitter: x.com/iman_olya -   Disclaimer: The materials provided are solely for informational or entertainment purposes and do not constitute investment or legal advice. All opinions expressed by hosts and guests are solely their own opinions and do not reflect the opinion of their employer(s). #Lindy #knowledge #books

Listen to the full episode hereEspresso's are powered by our brand new sponsor, Unleashed!1. What on earth is Unleashed, I hear you asking?Unleashed is Inventory management software that talks to your financial and eComm software. We use it daily at Islands. It's BANGING!!2.  Why Unleashed will change your life as a foodie founder?Cut admin time in half. Save money. Lots of money. Get lucid clarity on margins. Be all over cash flow, after all cash is king. Manage stock and cash flow.3. The biggest brands in FMCG love love UnleashedYour fave brands like Candy Kittens, Tiny Rebel, TRIP use religiously. Tarquins Gin, Three Spirit, Minor Figures, The Turmeric Co., Volcano Coffee4. Do yourself a favourFeel free to reach out to the utter legends Josh and Bryony at Unleashed, book in a 20 min chat with this magical link. Even if nothing comes of it, it's worth having a chat. Click this magical link

Are you always insistent on The Best, and nothing less will do? How does that serve you, and is it even healthy? Sometimes, you can use your time better than constantly searching for Best or Perfect.  It's amazing what we miss out on, when we worry about what we're missing.  In search of the Best, you can miss right where you are and miss experiencing what you have now. In pursuit of some ambiguous "better", it's hard to enjoy and savor what's in front of you, too busy measuring up rather than simply experiencing. Critiquing something so much can even destroy the value of it, and self-prophesy disappointment. Instead, we can adopt the mindset of seeing what was gained rather than what fell short. The goalposts of Best often keep moving, so we might as well make room for Good Enough, and even change the definition and parameters of "enoughness", to find joy in life as is.

Every podcast episode we explore a Lindy book, and find ideas you can use in business and life. Join 3,000+ curious minds and avid readers @ rationalvc.com to get free access to essays and exclusive content. For the video version of episode click here.   Timestamps: (00:00) Intro / chit-chat (20:11) Randomness & Luck (24:46) Monte Carlo Simulation (31:09) Ergodicity (31:39) Hindsight Bias (38:00) Survivorship Bias (39:50) Asymmetric Bets / John & Nero (49:53) Skewness & Asymmetry (57:19) Pascal's Wager (1:00:53) Induction & Chaos Theory (1:03:22) Chapter 11 (1:08:45) System-1 vs System-2 Thinking (1:10:03) Satisficing (1:20:08) Normative vs Positive Thinking (1:25:52) Signal vs Noise (1:28:20) Heuristics (1:33:45) Final Part of Book (Part 3's Importance) (1:44:41) Favourite Quotes / Our Lives (2:06:11) Final Thoughts - Our website (all essays and podcasts): rationalvc.com  Our investment fund: rational.fund  Cyrus' Twitter: x.com/CyrusYari  Iman's Twitter: x.com/iman_olya -   Disclaimer: The materials provided are solely for informational or entertainment purposes and do not constitute investment or legal advice. All opinions expressed by hosts and guests are solely their own opinions and do not reflect the opinion of their employer(s). #Lindy #knowledge #books

 'Theaterisation isn't duplicating units in all Services. Satisficing has consequences in war. Posting of Army officers to Naval and Air Force units is only paying lip-service to the idea of integration and not really achieving the desired synergy', argues Former Army Chief General Manoj Mukund Naravane (Retd).----more----https://theprint.in/opinion/theaterisation-isnt-duplicating-units-in-all-services-satisficing-has-consequences-in-war/1805571/

**For extra tips on stopping your Analysis Paralysis, visit https://valorieburton.com/podcast**The curse of having too many good ideas or options…Is there any chance you can actually accomplish them all? And if you can't, how do you choose which one(s) to start with, knowing that it might mean the other ones never come to life?It's like trying to choose a new movie to watch on Netflix and instead watching dozens of trailers only to look back and realize you've missed out on a whole hour that could have actually been spent watching one of those movies.It's overwhelming, to say the least. This happens to business owners all the time. You start a business, and you think of loads of things that can contribute to your business success, but you just don't know where to start.Well, that's why Valorie recommends: “Don't be a Maximizer.”It means you need to break the thought pattern that says, “There might be something better.”Instead, the key is to become a “Satisficer.”Don't worry if you don't know what these terms mean. It will all make sense after you listen to this bite-sized episode that will help you take your first step toward your next good idea.“Satisficers are not slackers by any stretch. They are more content. They're more efficient in their work. They miss fewer important opportunities because they have the time to focus on the things that truly matter.” - Valorie Burton.In This Episode:- Paradox of Choice by Dr. Barry Schwartz- What is a Maximizer?- What is Satisficing?- How to Satisfice- Voluntarily limiting your choices- Determining what is good enough- Why lowering your expectations doesn't have to be a negative- Comparing your decisions with everyone else's- About the Successful Women's AcademyAnd more!Interested in developing better habits for success like the ones mentioned in this Episode? Check out Chapter 7 in Valorie's Book: https://www.amazon.com/Successful-Women-Think-Differently-Healthier/dp/0736938567/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr= Connect with Valorie Burton:- Check out all of Valorie's books here- https://valorieburton.com/books/ - Website - https://valorieburton.com/ - Facebook - https://www.facebook.com/valorieburton/ - LinkedIn - https://www.linkedin.com/in/valorieburton/ - Instagram - https://www.instagram.com/valorieburton/ - YouTube -

We often think more choice is better, individuals should only decide for themselves, and a bigger paycheck is motivating. Dr. Barry Schwartz has researched and written about these things, indicating that choice can actually be paralyzing, practical wisdom needs to be tailored to individuals, and most people are more satisfied when work gives meaning, not just money. We also touch on maximizing vs satisficing and why a good challenge is to be a satisficer regarding more decisions. Dr. Barry Schwartz, PhD is an emeritus professor of psychology at Swarthmore College and a visiting professor at the Haas School of Business at Berkeley. He has spent fifty years thinking and writing about the interaction between economics, psychology, and morality.  He has written several books that address aspects of this interaction, including The Battle for Human Nature, The Costs of Living, The Paradox of Choice, Practical Wisdom, and most recently, Why We Work. Dr. Schwartz has written for sources as diverse as The New York Times, The New York Times Magazine, the Chronicle of Higher Education, Slate, Scientific American, The New Republic, the Harvard Business Review, and the Guardian. He has spoken four times at the TED conference, and his TED talks have been viewed by more than 25 million people.

Easily listen to The Science of Self in your podcast app of choice at https://bit.ly/ScienceOfSelfPodcastHear it Here - http://bit.ly/DecisionMakingHollins• We are always battling our laziness in all aspects of life. With decisions, implementing a simple checklist of sorts can help.• First, travel into the future with the 10/10/10 rule. This implores you to consider three different timelines in the future and how you'll feel about your decisions at those three points—that is, ten minutes, ten days, and ten months from now. Ideally, you want all three timelines to be positive; if not, can you live with the informed decision that one timeline might be negative or detrimental? This technique will help you play out decisions in your mind, rather than focusing only on immediate results. • Another mental check-in is to examine whether or not your options are in line with your worldview, and this is accomplished by asking a series of questions that both alleviate you of your blind spots and make clear the reasons you have for engaging in certain actions. There are few absolute, objectively good choices—rather, the right choice is the right choice for us, relative to our values and goals. • Setting your own arbitrary boundaries can help with decisions because they narrow your options. This gives shape and structure to your decision-making process. You can set limits and use deal breakers or requirements—they all work to clarify your intentions and work more quickly.• Look beyond pros and cons. Making pro and con lists is usually inaccurate and too subjective, since there's no way to weigh up each item, and we may be unconsciously biased one way or another. • Are you satisficing or unknowingly trying to maximize every decision you make? Ninety-nine percent of daily decisions don't require maximization and suffer greatly from the law of diminishing returns. Satisficing, a combination of satisfaction and sufficing, is the key.#HerbertSimon #Maximization #Pareto #Satisficing #StrategicDecisionMaking #RussellNewton #NewtonMG #PeterHollins #TheScienceofSelf #TheArtofStrategicDecisionMaking

 You can watch this talk with the video on the GPI YouTube channel. Presentation given March 2021.The full transcript is available here: https://globalprioritiesinstitute.org...Read the working paper: https://globalprioritiesinstitute.org...Find out more about the Global Priorities Institute: https://globalprioritiesinstitute.org/Effective Altruism is a social movement dedicated to finding ways to do the most good possible, whether through charitable donations, career choices, or volunteer projects. EA Global conferences are gatherings for EAs to meet. You can also listen to this talk along with its accompanying video on YouTube.

In this episode of The Thinking Leader, Bryce Hoffman and Marcus Dimbleby talk about satisficing and how it damages businesses. Satisficing is the act of being satisfied with the first sufficient solution to a problem. Being satisficed with the first solution is rarely the best solution and often deals with the symptoms of an issue rather than the root cause. They discuss the dangers of always being busy and why being a brilliant firefighter doesn't result in a brilliant business. The idea that modern workers always need to be busy means decision makers don't have time to consider all their options. Having time to consider your options and tackle problems correctly leads to a healthier and more successful business in the long-term. In this episode: What is satisficing How satisficing can be the difference between a failing company and a successful one Why being brilliant at fighting fires isn't a brilliant sign for your business The value of not being busy Sign up to the Red Team Thinking Community - Use the coupon code THINKINGLEADER for a free 30-day trial: https://community.redteamthinking.com/checkout/general-membership Want to find out if you're a Red Team Thinker? Click here to take a free assessment and get your personalized report: https://www.redteamthinking.com/rttassessment Visit our website: https://redteamthinking.com Watch this episode on YouTube: www.red-team.tv Follow us on LinkedIn: https://www.linkedin.com/company/redteamthinking/ Connect with Bryce: https://www.linkedin.com/in/brycehoffman/ Connect with Marcus: https://www.linkedin.com/in/marcusdimbleby/ Bestselling business author Bryce Hoffman and agility expert Marcus Dimbleby talk about decision making, strategy, resilience and leadership with some of the world's best CEOs, cognitive scientists, writers, and thinkers in this weekly podcast. Each episode offers new ideas and insights you can use to become a better leader and a better thinker – because bad leaders react, good leaders plan, and great leaders think!

In this episode of The Thinking Leader, Bryce Hoffman and Marcus Dimbleby talk about The Titanic Effect and how it can lead to major problems in your organization. The Titanic Effect refers to the idea that there is often more to a situation or problem than meets the eye. Just like an iceberg floating in the ocean, only a small portion of it is visible above the surface, while the majority is hidden below. Similarly, in organizations, the surface level issues are often just symptoms of deeper underlying problems. The Titanic effect is a well-known example of this concept, where the sinking of the Titanic was not just caused by the visible iceberg, but by several factors, including inadequate safety procedures, poor communication, and a lack of leadership. In order to address these types of problems effectively, organizations need to shift towards a more learning culture, with fast feedback mechanisms in place and a focus on the middle ground. This requires strong leadership and a willingness to confront the truth, rather than allowing tyranny to feed on lies and silence. In this episode you will learn: What is the Titanic Effect How Pre-Mortem Analysis can help prevent the Titanic Effect Why organizations need to adopt a learning-focussed culture The importance of Psychological Safety in your business How weak and tyrannical leadership can cause companies to fail For more information about what was discussed in this episode head to : RMS Titanic - https://www.britannica.com/topic/Titanic Satisficing - https://www.investopedia.com/terms/s/satisficing.asp#:~:text=Satisficing%20is%20a%20decision%2Dmaking,effort%20when%20confronted%20with%20tasks Learning Organization - https://en.wikipedia.org/wiki/Learning_organization Costa Concordia - https://www.britannica.com/event/Costa-Concordia-disaster Dr. Jordan Peterson - https://www.jordanbpeterson.com/ Want to find out if you're a Red Team Thinker? Click here to take a free assessment and get your personalized report: https://www.redteamthinking.com/rttassessment Visit our website: https://redteamthinking.com Watch this episode on YouTube: www.red-team.tv Follow us on LinkedIn: https://www.linkedin.com/company/redteamthinking/ Connect with Bryce: https://www.linkedin.com/in/brycehoffman/ Connect with Marcus: https://www.linkedin.com/in/marcusdimbleby/ Bestselling business author Bryce Hoffman and agility expert Marcus Dimbleby talk about decision making, strategy, resilience and leadership with some of the world's best CEOs, cognitive scientists, writers, and thinkers in this weekly podcast. Each episode offers new ideas and insights you can use to become a better leader and a better thinker – because bad leaders react, good leaders plan, and great leaders think!

Rory Sutherland is a British advertising executive who became fascinated with behavioral science. Between his TED talks, books and articles, he has become one of the field's greatest proponents. Rory is currently the Executive Creative Director of OgilvyOne, after gigs as vice-chairman of Ogilvy Group UK and co-founder of the Behavioural Sciences Practice, part of the Ogilvy & Mather group of companies. He is the author of The Spectator's The Wiki Man column and his most recent book, which we highly recommend, is Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life. Our discussion with Rory was original published in January 2020, but Rory's evergreen insights continue to be popular with our listeners so we decided to republish this episode. You can also listen to Rory discuss his latest book Transport for Humans: Are We Nearly There Yet? alongside his co-writer Pete Dyson, in episode 290. We start this discussion with Rory by asking him about his book and some of his insights from it. His approach to advertising, marketing and product design is informed by his ability to look for the things that aren't there. He once described a solution to improving customer satisfaction on the Chunnel Train between London and Paris by suggesting that a billion dollars would be better spent on supermodel hosts in the cars than on reducing ride time by 15 minutes. He's a terrifically insightful thinker. Our conversation ran amok down all sorts of rabbit holes, as expected, including ergodicity, Sir Arthur Conan Doyle's “The Silver Blaze,” high-end audio and the dietary habits of the world-famous runner, Usain Bolt. In Kurt and Tim's Grooving Session, we discuss some of our favorite takeaways from Rory's conversation including, “The Opposite of a Good Idea is a Good Idea” and others. And finally, Kurt teed up the Bonus Track with a final reflection and recap of the key points we discussed. As always, we would be grateful if you would write us a quick review. It helps us get noticed by other folks who are interested in podcasts about behavioral science. It will only take 27 seconds. Thank you, and we appreciate your help. © 2022 Behavioral Grooves   Links Rory Sutherland: https://ogilvy.co.uk/people/rorys “Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life”: https://amzn.to/3xbibt3 “Transport for Humans: Are We Nearly There Yet?”: https://amzn.to/3cZPyIy Episode 290, Transport Your Thinking; Why We Need To Reframe Travel | Rory Sutherland & Pete Dyson: https://behavioralgrooves.com/episode/transport-rory-sutherland-pete-dyson/ “Friction”: https://www.rogerdooley.com/books/friction/ Murray Gell-Mann, PhD: https://en.wikipedia.org/wiki/Murray_Gell-Mann Robin Williams “Scottish Golf”: https://www.youtube.com/watch?v=jx8TzR1-n4Q Don Draper: https://en.wikipedia.org/wiki/Don_Draper Ergodicity: https://en.wikipedia.org/wiki/Ergodicity John James Cowperthwaite: https://en.wikipedia.org/wiki/John_James_Cowperthwaite SatNav: https://www.macmillandictionary.com/us/dictionary/american/satnav Daniel Kahneman, PhD: https://en.wikipedia.org/wiki/Daniel_Kahneman What You See is All There Is: https://en.wikipedia.org/wiki/Thinking,_Fast_and_Slow Arthur Conan-Doyle: https://en.wikipedia.org/wiki/Arthur_Conan_Doyle Sherlock Holmes “Silver Blaze”: https://en.wikipedia.org/wiki/The_Adventure_of_Silver_Blaze Tim Houlihan's Blog on “Silver Blaze”: https://tinyurl.com/ufumkj6 Ben Franklin T-Test: https://tinyurl.com/wocdsdk Volkswagen Fighter: https://tinyurl.com/qpyqh87 David Ogilvy: https://en.wikipedia.org/wiki/David_Ogilvy_(businessman) Jock Elliot: https://www.theguardian.com/news/2005/dec/01/guardianobituaries.media Battle of Leyte Gulf: https://en.wikipedia.org/wiki/Battle_of_Leyte_Gulf Croft Audio: http://www.croftacoustics.co.uk/main.html Mu-So single speaker: https://www.naimaudio.com/mu-so WFMT Chicago: https://www.wfmt.com/ TK Maxx: https://www.tkmaxx.com/uk/en/ Berlin Hotel with Big Lebowski: https://www.michelbergerhotel.com/en/ Shure: https://www.shure.com/en-US/products/microphones?lpf[top][types][]=microphones Zoom: https://zoom.us/ Satisficing: https://en.wikipedia.org/wiki/Satisficing Usain Bolt: https://en.wikipedia.org/wiki/Usain_Bolt Sheena Iyengar, PhD: https://www.sheenaiyengar.com/ Jelly Jar Study: https://tinyurl.com/oo6g6eb Big Band Music: https://en.wikipedia.org/wiki/Big_band   Musical Links Aretha Franklin: https://en.wikipedia.org/wiki/Aretha_Franklin Southern California Community Choir: https://en.wikipedia.org/wiki/Southern_California_Community_Choir Abba: https://en.wikipedia.org/wiki/ABBA Felix Mendelssohn: https://en.wikipedia.org/wiki/Felix_Mendelssohn George Frideric Handel: https://en.wikipedia.org/wiki/George_Frideric_Handel Johann Sebastian Bach: https://en.wikipedia.org/wiki/Johann_Sebastian_Bach Johann Christian Bach: https://en.wikipedia.org/wiki/Johann_Christian_Bach

Hello So Deep Peeps!  Welcome to That's So Deep.  This is the podcast where we try to root out loneliness one conversation at a time. Today we are talking about Making Decisions: Are You A Satisficer or a Maximizer? Some deep things we cover:What kind of decision makers are Phyllis and Julie?How does people pleasing factor into decision making?Decision Fatigue: This occurs when there are too many options and your brain can't quite process it all.Hard Choices vs. Big Choices: Not all big decisions are hard and not all small decisions are easy.  “On Par” Decisions:  Sometimes decisions are hard to make because what you're choosing between have equal pros and cons.  When Pros and Cons Fail to Help You Make a Decision…Try Ruth Chang's “A.U.T.H.O.R.” Hack:A - Ascertain what matters in the choiceU - Understand the pros and cons of the alternatives T - Tally up the pros and cons (these 3 steps lead you to agony so now you need more steps.)H - Home.  Settle into the fact that this is a hard choice.O - Open yourself up to the possibility of making a commitment to this choice. R - Remake or Realize yourself as someone who has committed. Make yourself into someone who has the most reason to make this choice.7. The worry of “Am I Making a Mistake?” can prevent us from making a decision: Getting in the “right” or “wrong” mindset can keep us stuck. 8. Who Can You Commit to Being? Might be a better question when making big life choices.9. Are You a Maximizer or a Satisficer? Do you evaluate and stress over every single detail of a decision or are you usually okay with a “good enough” decision?     Take-aways:Roasted Brussel Sprouts or Carrot Sticks: Sometimes decisions don't need to be that hard.  You don't have to roast brussel sprouts when a bag of carrot sticks will suffice. If you're a maximizer like Phyllis, practice satisficing.  Good enough is good enough!A.U.T.H.O.R. - Ask yourself who you can commit to being and then be the person who has the most reason to make that decision.  Be the author of your life choices! We want to have a conversation with you!There are many ways to connect with us.  Here are some of them:Join our That's So Deep Community Group on Facebook.LIKE and FOLLOW us on: Facebook: @sodeeppeeps OR Instagram @thatssodeeppodText us or leave us a voicemail: 805-288-0884Email us: sodeeppeeps@gmail.com Be sure to RATE and REVIEW if you liked this podcast.  You can also FOLLOW, SUBSCRIBE or SHARE.  If you don't want to miss an episode, click that BELL so you can be notified right away when the next episode releases.  We love you and we can't wait for our next deep conversation!Yours in Becoming, Phyllis & JulieResources and articles we referenced in the episode:How To Make A Hard Decision - Life KitWhy Is It Difficult to Make Decisions? | Psychology TodayDecision-Making | Psychology Today5 Steps for Overcoming IndecisionArmchair Expert

NUGGET CONTEXT Ayelet speaks about the link between our approach to optimizing or satisficing in a certain domain and our identity. She goes on to say that our identity often helps us prioritize across different choices and the extent to which we push ourselves in a certain domain. GUEST Ayelet Fishbach, Ph.D., is the Jeffrey Breakenridge Keller Professor of Behavioral Science and Marketing at the University of Chicago, Booth School of Business and the author of Get It Done: Surprising Lessons from the Science of Motivation. She is the past president of the Society for the Study of Motivation and the International Social Cognition Network. She is an expert on motivation and decision making.  In the podcast conversation, we start with her journey from the sharing economy of the Israeli Kibbutz which is based on the principles of equality, public ownership and voluntariness. From there she goes to the other extreme which is the University of Chicago which is all about Capital Markets and incentives drive human behaviour. We then dive into her recent book and talk about the various elements of motivation – how we think about goal setting, psychological reactance and what it can teach us about parenting, motivating ourselves during the long middle, mining the silent graveyard of failure, the power of joint goals as illustrated by Madame Curie and much more.  Published in June 2022. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg 59. R Gopolakrishnan 60. Sir Andrew Likierman. 61. Atul Khatri 62. Whitney Jonson 63. Venkat Krishnan 64. Marshall Goldsmith 65. Ashish Dhawan 66. Vinay Sitapati 67. Ashley Whillans 68. Tenzin Priyadarshi 69. Ramesh Srinivasan 70. Bruce Feiler 71. Sanjeev Aggarwal and T. N. Hari 72. Bill Carr 73. Jennifer Wetzler 74. Sally Helgesen 75. Dan Cable 76. Tom Vanderbilt 77. Darleen DeRosa 78. Amy Edmondson 79. Katy Milkman 80. Harish Bhatt 81. Lloyd Reeb 82. Sukhinder Cassidy 83. Harsh Mariwala 84. Rajiv Vij 85. Dorie Clark 86. Ayse Birsel 87. Ravi Venkatesan E2 88. Pradeep Chakravarthy 89. Dan Pink 90. Alisa Cohn DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.

Season 2 Episode 17 | Recorded January 17, 2022 this episode is sponsored by Xero. beautiful business. The Sons are honored and privileged to have THE Ron Baker on our podcast today. Scott can now drop his mic and slowly back away. Getting into the “spirit” of things, Ron talks about the real soul of enterprise, the spiritual v. physical, why timesheets are not useful, how Ron found his footing in the CPA world, and his grand unifying theory of everything. * The four defenses of timesheets – except for “The Lord doesn't want me to throw them out ...” * CPAs are just historians with really shitty memories. * Better measures – turnaround time, keeping promises, HSDs, the NPS and value gaps * The three KPIs of every major airline in the world, except North Korea's * Why Ron thinks airlines have gone too far with their nickel-and-diming * The awesomeness of being first in line * How CPA firms can be better pricers * How to replace timesheets * Flipping the script – measure the customer * Relationships aren't efficient – they either grow or die * To be innovative is the antithesis of efficiency * The sin of running a firm at full capacity * The birth of fixed pricing c. 1989 * Scientism (not related to Scientology ...) * Why are futurists charlatans? * Refining your client-selection criteria * Riches are in the nitches, bitches! * Satisficing – the art of doing “good enough” * Next time – subscriptions! Check out Ron's latest tome: Implementing Value Pricing: A Radical Business Model for Professional Firms https://amzn.to/39Pfe8y Listen to The Soul of Enterprise - https://www.thesoulofenterprise.com/ Shoutouts – Thomas Sowell, George Gilder, and “The Spirit of Enterprise,” Joshua Bell, Benjamin Franklin, Toyota, Frederick Winslow Taylor, Coincident indicators, FedEx, Amazon, Apple, Disney, Reginald Heber Smith, Google stuff, all of it, Kabuki, McDonald's uniforms, Hydras, Socrates, Columbo, Paul Kennedy, and O'Byrne and Kennedy, Charlie Brown, Snoopy, Linus, Pisenti & Brinker, Sparky, Ed Kless, Harvard Business Review, all the non-Zuckerberg, non-Bezos, and non-Branson types, Jody Padar, and everyone else we forgot to mention! Time Shits - https://www.youtube.com/watch?v=u8RSBwSGlp8 --- Send in a voice message: https://anchor.fm/sonsofcpas/message

If you're wondering why you constantly make flawed, emotional decisions and what's going on in that jelly in your head, please subscribe or follow A Load of BS  wherever you listen to podcasts, and leave me a 5 star review. Your support is always appreciated!Introducing Jeff KreislerWhen it comes to money, we make absurd decisions about how to spend it all the time. Whether this is buying a £3.50 latte at Starbucks while we price compare groceries to save 10 pence on apples, bolting on a ‘special' car cleaning kit for £250 after spending £15,000 on a new vehicle, or hopelessly overbidding on eBay auctions because we already feel attached to the item in question, we are irrational, emotional and flawed creatures. How on earth are we supposed to value things?Jeff wrote the book Small Change: Money Mishaps and How to Avoid Them with Dan Ariely. Jeff is a qualified lawyer, stand-up comedian and now Head of BS at J.P. Morgan Chase bank.Today with Jeff, we discuss what money means to us and how we treat it.Show notesRole of BS in shaping organisations (5 mins)What does money mean to Jeff? (8 mins)Jeff's discovery of BS (9 mins)Relationship between comedy and BS (10.30 mins)Life at JP Morgan (12.30 mins)Financial literacy, irrational decision making & the goal of BS (13 mins)Mental accounting & the pain of paying (16 mins)Connecting to our future selves (18.25 mins)Sweat the big stuff, don't obsess on the little things (19.30 mins)Satisficing vs. maximising: expectation, anticipation and context (23.10 mins)Rituals in money (26.25 mins)Wealth management's sartorial rituals (28  mins)Mental accounting: Thaler vs. Taleb, casino money (30 mins)Future of money (33.30 mins)What Jeff learnt writing with Dan Ariely (34.50 mins)If you'd like access to all my articles, please click here.

I'm currently caught in the middle of a fairly common decision: what fun thing do I want to do this weekend? If you have FOMO, you know you can spend some serious energy debating all the options: outdoor music, road trip, camping with friends, and outside of a pandemic, which party/band/event to go to. Lots of times, when we have a decision to make, we sit and debate because we want to make the “best” choice. But really, sometimes we never know what the “best” choice is until we've made the decision and start living it. And lots of times, making that decision is straight-up exhausting because we really really really want to get it right. Then there are moments where you're less caught between options and given fewer choices. And these – interestingly - are usually easier. Barry Schwartz, psychologist and author of The Paradox of Choice, talked about living in a culture that assumes more choices is better. What his research shows is that having lots of choices is actually a sort of curse on our happiness! He divides people into 2 categories: those who, when faced with many choices, try to maximize their gain, and those who satisfice (satisfy + suffice) by accepting the first available option to meet their criteria. Now, satisficing isn't a new idea… but it basically means that when presented with a decision to make, someone will first consider what they want to gain/preserve, then evaluate their options to find the solution that meets those needs. Between the two, maximizing is a form of perfection… and we all know how stressful that can be. There's even a Maximization Scale that assesses the degree to which people engage in behaviors to try to get the BEST result with the BEST possible option. Research with this scale shows that there are also positive correlations between maximization and depression and regret, too. Then, after all that stressful work of trying to make the “best” decisions, maximizers are usually less satisfied with purchasing decisions AND are more likely to engage in social comparison. The root of this seems to lie in experiencing regret. This is true whether maximizers have to make everyday decisions or big decision. Maximizers may be able to narrow down options, but if there are multiple choices that could be great, they freeze and can't make a decision because... what if it's wrong? Enter: Analysis paralysis. The problem with wanting to know it was the “right” decision in advance is that in addition to the fact that we don't know until we DO the thing, most of us can't predict the future. So we will never know. After the fact, we still don't know what all the other options could have brought – even though we like to think our imagination is always right  ;) In contrast to maximizers, we find the satisficers. They aren't “settling” for less than what they want. They also don't just pull a choice out of a hat and say LET'S GO! They just approach the decision-making differently. Why bother with finding out if you maximize or satisfice? Because they relate to your happiness – and happy people tend to satisfice! Us perfectionists may find this hard to believe, because we think our high-standard obsession will make better decisions, which SHOULD equal happiness. But really, we may miss out on a good opportunity when we keep waiting for a better one. And we usually are not ultimately happier… we just end up more stressd and regretful. The thing is, regret is a decision! WE get to decide whether we made the right choice. WE get to decide to stop comparing options and wondering, “What if?” So what's a maximizer to do? I got into lots of things in the podcast, but some starting points are:  // Outline your key criteria for success FIRST. What is it you want? Get really clear about this and make sure your criteria are objective so you know if something meets it or not.// Choose the first option that satisfies that criteria. (gasp! I know, right?!)// Then once you've decided, don't look back. Don't waffle. Focus on the positive aspects of the choice, not what “might” have been. Remember that we all have a limited capacity for decision making on any given day. Don't overdraw on that decision-making account baalnce, because that diminishes the quality of the decisions you make too. The bottom line is this: it's important to change our thinking that when we don't explore all the options, we will end up settling. Choosing something that meets your key criteria and the key things you want is not settling. When you practice satisficing, you can be happier in the long run. You will have more energy and clarity for those big decision-making moments too. And if you need to, practice satisficing this week with little things then work your way up to bigger decisions. Remember - regret is a choice. Don't let it rule your life. Get out there and satisfice! In this episode you'll learn:// The key differences between maximizing and satisficing// Why too many choices can be a bad thing// How to make decisions and avoid regret// Why satisficing ultimately makes you happier than maximizing// Tips to get started satisficing today Resources:// Check out Episode 69 on Defining what is “enough” for you// If you're new to the squad, grab the starter kit I created at RebelBuddhist.com. It has all you need to start creating a life of more freedom, adventure, and purpose. You'll get access to the private Facebook group where you can ask me questions! Once you join, there's also a weekly FB live called Wake the F*ck Up Wednesday, where you can ask questions that come up as you do this work – in all parts of your life.// If you're interested in finding out more about how to free your mind and free your life, join Freedom School. Enrollment is open, and we are diving DEEP into ways to cultivate clarity and courage so you can create your best life. There are also some sweet bonus courses for you there. It will set you up to live the best version of you in the year to come. Learn more at JoinFreedomSchool.com.

Returning from Episode 343, Aaron Kahn is a Certified Financial Planner at Wealth Management Strategies, Inc. Brittany and Brian invited Aaron back on to the show to break down equity for developers: why they should care, equity terminology and guidance for when their employer is sold and they have vested stock. Show Notes & Links: Episode 343: Finance for Software Developers with Aaron Kahn (https://5by5.tv/rubyonrails/343) 83(b) Election (https://www.investopedia.com/terms/1/83b-election.asp) An Introduction to Incentive Stock Options (https://www.investopedia.com/articles/stocks/12/introduction-incentive-stock-options.asp) Non-Qualified Stock Option (NSO) (https://www.investopedia.com/terms/n/nso.asp) The Importance of Diversification (https://www.investopedia.com/investing/importance-diversification/) Satisficing (https://www.investopedia.com/terms/s/satisficing.asp) Aaron Kahn on LinkedIn (https://www.linkedin.com/in/aaron-kahn-7104a615/) Aaron's Website (https://www.mywealthmgmt.com/) Sponsored By: Honeybadger (https://www.honeybadger.io/) Honeybadger makes you a DevOps hero by combining error monitoring, uptime monitoring and check-in monitoring into a single, easy to use platform. Go to Honeybadger.io (https://www.honeybadger.io/) and discover how Starr, Josh, and Ben created a 100% bootstrapped monitoring solution. Scout APM (http://scoutapm.com/rubyonrails) Try their error monitoring and APM free for 14-days, no credit card needed! And as an added bonus for Ruby on Rails listeners: Scout will donate $5 to the open-source project of your choice when you deploy. Learn more at http://scoutapm.com/rubyonrails (http://scoutapm.com/rubyonrails).

Alternate Title: Will We Require A Few OT Security Controls And Claim Victory? My weekly article published on 29 June 2021. Signup for my ICS Security: Friday News and Notes email  

What do Statistics, Spreadsheets & Scam Artists have in common? They're all topics that my guests on this episode, Gerald Ashley & Paul Craven discuss as they explore how we make decisions. Both Gerald and Paul have previously appeared on the show (links below) - Gerald as an individual and a 'head to head' with Rory Sutherland and Paul as an individual guest. Since the episode with Gerald and Rory, proved to be so popular, I thought I'd invite Gerald and Paul onto the show together. This episode forms Part One of their discussion.Gerald specialises in Business Risk and Decision Making. His work concentrates on trying to understand decision making, risk-taking and human behaviour, in the face of uncertainty.Paul is an expert in behavioural science, decision making, investment and psychology, applying the inner operations of the mind to the economic worldSome of the topics, Gerald and Paul discuss include:- Kasparov vs Deep Blue Chess match: https://en.wikipedia.org/wiki/Deep_Blue_versus_Garry_Kasparov- Gerd Gigerenzer, a researcher and author on risk: https://en.wikipedia.org/wiki/Gerd_Gigerenzer- Herbert Simon on Satisficing: https://en.wikipedia.org/wiki/Satisficing- 'Tinker, Tailor, Soldier, Spy', a book (and movie & TV series) by John LeCarre:https://en.wikipedia.org/wiki/Tinker_Tailor_Soldier_Spy- Frank Abagnale's 'Catch Me If You Can' (also a movie): https://en.wikipedia.org/wiki/Catch_Me_If_You_Can_(book)- Richard Littlejohn: https://en.wikipedia.org/wiki/Richard_Littlejohn- The Bavelas Experiments: https://en.wikipedia.org/wiki/Alex_BavelasTo find out more about my two guestsGerald: http://www.geraldashley.com/Paul: https://www.paulcraven.com/Previous episodes of this show featuring Gerald and Paul:Gerald - https://www.podpage.com/the-human-risk-podcast/gerald-ashley-on-uncertainty/Gerald & Rory Sutherland Part One - https://www.podpage.com/the-human-risk-podcast/rory-sutherland-gerald-ashley-on-networks-part-i/Gerald & Rory Sutherland Part Two - https://www.podpage.com/the-human-risk-podcast/gerald-ashley-rory-sutherland-on-prosilience/Paul - https://www.podpage.com/the-human-risk-podcast/paul-craven-on-magic-money-the-mind/

This week on the podcast we’re digging into Satisficing and Maximizing. We’ll talk the paralysis of choice and what folks think it does to one’s overall happiness and satisfaction. When is it better to find something good enough and when should you explore all the options? We’re often Maximizing when we explore job opportunities, scroll date apps, and argue about where we should go for dinner... so when does it stop serving us?

Day One-Hundred and Forty-Seven, we will be talking about satisficing. Give us two minutes in the morning, and we'll give your soul a lift for the workday ahead. Noted author and professor, Dr. Erica Brown, whose books have won the Nautilus and Wilbur Awards for spiritual writing, shares practical, inspired, and bite-sized wisdom on one new subject a day for the next 365 days. With the help of renowned thinkers, poets, artists, politicians and scholars, Erica focuses on a different quality, emotion, or aspiration and concludes with that day's challenge. Join us for a year of nourishment to lead with greater purpose, honesty, grace, and courage.

To succeed in business, you have to focus on sufficiently satisfying, that is, satisficing, the needs and expectations of your customers and on reminding them of that fact.

NUGGET CONTEXT Ashley discusses how our approach towards getting the “best deal” in a situation can actually accentuate time poverty. She says that we end up finessing on getting the best deal but miss out on savouring the experience (called life!). To borrow from John Lennon, she says something to the effect of “Life is what happens when you are busy trying to get the best deal” GUEST Dr. Ashley Whillans is an Assistant Professor in the Negotiation, Organizations & Markets Unit, teaching Negotiations and Motivation and Incentives courses to MBA students and Executives. Her first book "Time Smart: How to Reclaim Your Time & Live a Happier Life" was published in October 2020 by Harvard Business Publishing. In both 2015 and 2018, she was named a Rising Star of Behavioral Science by the Behavioral Science and Policy Association. In 2016, she co-founded the Department of Behavioral Science in the Policy, Innovation, and Engagement Division of the British Columbia Public Service Agency. Her research has been published in top academic journals including the Proceedings of the National Academy of Science, Organizational Behavior & Human Decision Processes, Journal of Personality & Social Psychology, Nature Human Behavior, and Science Advances and popular media outlets including Harvard Business Review, The New York Times, and The Wall Street Journal.  Professor Whillans earned her BA, MA, and PhD in Social Psychology from the University of British Columbia. Prior to joining HBS, she was a visiting scholar and guest lecturer at the University of Chicago Booth School of Business. Her dissertation research on time and happiness won the 2017 CAGS Distinguished Dissertation Award for being the single best PhD thesis in Canada across the fine arts, humanities, and social sciences. Published in Dec 2020. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg 59. R Gopolakrishnan 60. Sir Andrew Likierman. 61. Atul Khatri 62. Whitney Jonson 63. Venkat Krishnan 64. Marshall Goldsmith 65. Ashish Dhawan 66. Vinay Sitapati DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.

The Noobie Dentist Podcast – Dr. Bruce Freeman (Part 2) Episode Run Time: 01:24:05   Intro   Today, I chat with Dr. Bruce Freeman for part 2 of our 2 part series.  Dr. Bruce Freeman is the Director of Patient Experience for dentalcorp, helping dentists across Canada achieve clinical success that results in the best experience for their patients. Bruce is a native of Toronto, Ontario where he currently practices as an orthodontist and as a staff clinician at Mount Sinai’s facial pain unit. Bruce also lectures across the globe on orthodontics, facial pain and the patient experience. Outside of dentistry, he likes to help his fellow clinicians through the practices of yoga, meditation and mindfulness.   In the second part of this two part series, we talk about practicing self-care. Bruce talks about his recent article on the happiness line and we talk about the neuroscience of happiness. We also go into how to take care of yourself through mindfulness, yoga, meditation, diet and nutrition. Finally, we touch on finances and what money means to us.   Guest Details   Website: Freeman, Caro & Lands Orthodontics   Social Media: Bruce Freeman - LinkedIn Bruce Freeman - Instagram   Time Stamps   [00:02:35] Satisficing: choosing between the “optimum choice is a simplified world” versus a “satisfactory choice in a realistic world” [00:06:06] Bruce illustrates the dangers of sensory overload in decision making [00:06:50] Why you cannot improve everything at once [00:10:33] The importance of showing gratitude and practicing random acts of kindness [00:12:24] Mindfully moving from one posture to another [00:13:45] Bruce demonstrates the box breathing exercise which can produce calmness [00:19:41] How meditation can help you to distance yourself from a blinding emotion [00:22:20] Becoming the knower of your mind, versus letting your thoughts control you [00:24:21] The power of the Wim Hof breathing technique, and how to slow your heart rate down [00:26:21] Why you should internalize your goals and stop falling for gimmicks [00:30:39] How to recognize your habits and alter them [00:34:39] How yoga helps to connect your thoughts with your body and mind [00:37:38] How to practice habit stacking. Incorporating new habits into your existing habits [00:40:24] How short-term disappointments do not strongly influence long-term happiness [00:43:08] The importance of reflecting on past experiences [00:48:13] Why you should learn how to acknowledge your own failures and weaknesses [00:52:13] How putting yourself out there can change your life [00:54:33] Equipping yourself with the right tips and tools to understand yourself and to be content [00:56:54] Enjoying your growth instead of setting impossible goals [00:59:45] How your behaviors can impact those around you [01:01:18] Why money is security and freedom to do what you want, and rather than a means to accumulate things [01:06:13] Why you should prioritize experiences over possessions [01:10:10] The importance of living beneath your means [01:15:55] The benefits of surrounding yourself with the right people   Podcast Details   As always, if you enjoyed listening to the Noobie Dentist Podcast, please pass the podcast along to your friends, classmates and colleagues. If you haven’t already, head over to iTunes and give the show a 5-star rating and if you have some time, leave a review! The Noobie Dentist podcast is now available on Spotify, YouTube, noobiedentist.com, the Apple podcast app, Stitcher and any other podcast apps out there!   Website: http://www.noobiedentist.com Instagram: @noobiedentist   Sponsor Details Ivoclar Vivadent is one of the world's leading and most innovative dental companies, offering a comprehensive range of products and systems that provide you with new opportunities in dentistry – for even more aesthetic and efficient results and better dental care for patients. 'Making People Smile' – It's what they do! To find out more, visit www.ivoclarvivadent.com.au   Headline Quote [56:54 - 57:22] And guess what? Start at the bottom. Work your way to the top. You cannot start at the top. Like you said, it is like, “I am going to crush self-care!” Listening to it, then you are like, “What does that even mean? I do not even know.” “I am going to go to the health foods store and buy bottles of stuff! And then if I see somebody with abs on Instagram, I am going to know that is the key!” Do you know what I am saying? And it is not! You should be able to learn how to breathe like, in your own head!   Social Media Post   Your thoughts and emotions impact those around you, even if you do not realize it! Listen to this episode of the Noobie Dentist podcast to discover helpful tips for practicing self-care and regulating your emotions.   Conclusion   Were you inspired by Dr. Bruce Freeman’s expansion on the benefits of self-care? What techniques do you use to regulate your emotions?   Here are some helpful resources that were mentioned in the podcast:   When Will I Be Happy? It’s All Relative by Dr. Bruce Freeman Herbert Simon’s paper which introduced “satisficing” The Wim Hof breathing method Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg Yoga and Posttraumatic Stress Disorder (PTSD) Attached by Amir Levine and Rachel S.F. Heller The Richest Man in Babylon by George Samuel Clason   Do remember to subscribe for more content!

Welcome to Our Life In Books where we talk about our lives, books and everything in between! This week we’re talking about all our favorite subreddits! We also chat about the things we’ve been watching and games we’ve been playing. And of course there are a few quizzes at the end. Grab your favorite cup of tea and join us!   Our Life in Books Patreon- https://www.patreon.com/ourlifeinbooks Our Life In Books Tea- https://www.adagio.com/signature_blend/list.html?userId=696813O Our Life In Books Society- https://www.facebook.com/groups/ourlifeinbookssociety Follow Our Life In Books- https://linktr.ee/ourlifeinbooks_ Follow Elizabeth- https://linktr.ee/bookishconnoisseur Follow Samantha- https://linktr.ee/   Shadowhunters- https://www.reddit.com/r/shadowhunters/ Books- https://www.reddit.com/r/books/ YA Lit- https://www.reddit.com/r/YAlit/ Book Suggestions- https://www.reddit.com/r/booksuggestions/ Suggest Me a Book- https://www.reddit.com/r/suggestmeabook/ What’s That Book- https://www.reddit.com/r/whatsthatbook/ Harry Potter- https://www.reddit.com/r/harrypotter/ Young Adult Books- https://www.reddit.com/r/youngadultbooks/ Fantasy- https://www.reddit.com/r/Fantasy/ Grishaverse- https://www.reddit.com/r/Grishaverse/ Book Porn- https://www.reddit.com/r/bookporn/ Bookshelf- https://www.reddit.com/r/bookshelf/   Bullet Journal- https://www.reddit.com/r/bulletjournal/ Bujo- https://www.reddit.com/r/bujo/   Animal Crossing- https://www.reddit.com/r/AnimalCrossing/ ACQR- https://www.reddit.com/r/ACQR/ Stardew Valley- https://www.reddit.com/r/StardewValley/   Public Freakout- https://www.reddit.com/r/PublicFreakout/ 2 Me IRL 4 Me IRL- https://www.reddit.com/r/2meirl4meirl/ White People Twitter- https://www.reddit.com/r/WhitePeopleTwitter Black People Twitter- https://www.reddit.com/r/BlackPeopleTwitter/ Hold My Cosmo- https://www.reddit.com/r/holdmycosmo/ Satisficing- https://www.reddit.com/r/SatisfIcing/ Am I the Asshole- https://www.reddit.com/r/AmItheAsshole/ Vegan GIF Recipes- https://www.reddit.com/r/vegangifrecipes/   FullMetal Alchemists: Brotherhood- https://www.imdb.com/title/tt1355642/ Fall Guys- https://www.imdb.com/title/tt1355642/ Dead by Daylight- https://deadbydaylight.com/en Fortnite- https://www.epicgames.com/fortnite/en-US/home Cold Case Files- https://www.aetv.com/shows/cold-case-files-2017 Disappeared- https://www.investigationdiscovery.com/tv-shows/disappeared/ Three Identical Strangers- https://www.imdb.com/title/tt7664504/   5 Years Apart - https://www.youtube.com/watch?v=yZNI1tGIoT0 Words on Bathroom Walls - https://www.youtube.com/watch?v=XIAGRuoVg5g&t=9s Unpregnant - https://www.youtube.com/watch?v=uZdlVlo4TxM After We Collide - https://www.youtube.com/watch?v=ndyVh4GFMw0 Mulan - https://www.youtube.com/watch?v=H3PR1v_5cfc Chemical Hearts - https://www.youtube.com/watch?v=HwbCGUr2pfs Our Chemical Hearts by Krystal Sutherland- https://amzn.to/2EeYTe2   Summer Wardrobe Quiz- https://www.epicreads.com/blog/summer-wardrobe-quiz/ One Direction Quiz- https://www.epicreads.com/blog/one-direction-opinions-literary-genre/ Character Picnic Quiz- https://www.epicreads.com/blog/character-picnic-quiz/

Mental Models discussed in this podcast: Satisficing Absolute vs Relative Returns Optimization Min-Max Game Theory Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investing Support the Podcast on Patreon This is a podcast supported by listeners like you. If you'd like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at DIYInvesting.org/Patron. You can find out more information by listening to episode 11 of this podcast. Show Outline The full show notes for this episode are available at https://www.diyinvesting.org/Episode88 Satisfice definition and Mental Model Uses Question from Wobble: “I think it would be interesting to discuss whether it has implications for whether you should focus on absolute or relative returns. Something I've been thinking about and it seems relevant. Looking forward to it!” Satisfice: accept an available option as satisfactory. (Oxford Languages via Google Search) I tend to be an optimizer If you optimized everything, you would be paralyzed in life. Unable to make a decision. Clothing Furniture Food Choices Where to go to eat? Consumers make choices like this every day The same can be true in investing. The goal isn't to maximize your portfolio. Your goal should be to find satisfactory investments that allow you to achieve your financial goals with minimal risk. In any short-term time period, the investor with the highest return likely took big risks that are not sustainable over the long-term. Yet, over the long-term maximization of returns is not necessary. Summary: Satisficing is defined as accepting an available option as satisfactory. This mental model is useful because consumers use it instead of optimizing for every purchase. Investors can learn from this behavior to improve their portfolio and investing strategy. Your goal should be to find satisfactory investments that allow you to achieve your financial goals with minimal risk. Simply trying to maximize the returns of your portfolio could cause you to fail in attaining your goals.

Paul shares one powerful idea to sell more effectively to the narrow-minded buyer.   Show Notes: Buyers will simplify their decisions to focus the conversation on price. Buyers will take a narrow view of their needs and choose the bare minimum. When buyers view their needs as generic and simple, they will satisfice. “Satisficing means choosing an option that is merely good enough.” “The bare minimum solution might have bare minimum pricing, but it also has bare minimum value.” “Buyers with a narrow view of their needs focus on the utility of your product, not the impact it has on their company.” Walk the customer through their buying process, help them take an expanded view of their needs. Value-Added Selling is available on Amazon! *** Our show is updated weekly with the questions you ask. So, please go to the home page, subscribe, share it with your friends, but most importantly, ask the question that you want answered.  The Q and A Sales Podcast is edited by The Creative Impostor Studios. Book a complimentary consultation about your show at http://www.thecreativeimpostor.com/qanda Thank you for tuning in. Make it a big day. http://www.theqandasalespodcast.com

Extraverts, Kris Drumheller and Nate Smith talk about satisficing and accepting the most satisfying alternative. What it takes for companies to overcome the corona virus.

You have 3 brains. Mirroring others is natural not just a scammy sales trick.

Rory Sutherland is a British advertising executive who became fascinated with behavioral science. Between his TED talks, books and articles, he has become one of the field’s greatest proponents. Rory is currently the Executive Creative Director of OgilvyOne, after gigs as vice-chairman of Ogilvy Group UK and co-founder of the Behavioural Sciences Practice, part of the Ogilvy & Mather group of companies. He is the author of The Spectator’s The Wiki Man column and his most recent book, which we highly recommend, is Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life. We started our discussion with Rory by asking him about his new book and some of his insights from it. His approach to advertising, marketing and product design is informed by his ability to look for the things that aren’t there. He once described a solution to improving customer satisfaction on the Chunnel Train between London and Paris by suggesting that a billion dollars would be better spent on supermodel hosts in the cars than on reducing ride time by 15 minutes. He’s a terrifically insightful thinker. Our conversation ran amok of all sorts of rabbit holes, as expected, including ergodicity, Sir Arthur Conan Doyle's “The Silver Blaze,” high-end audio and the dietary habits of the world-famous runner, Usain Bolt. In Kurt and Tim’s Grooving Session, we discuss some of our favorite takeaways from Rory’s conversation including, “The Opposite of a Good Idea is a Good Idea” and others. And finally, Kurt teed up the Bonus Track with a final reflection and recap of the key points we discussed. As always, we would be grateful if you would write us a quick review. It helps us get noticed by other folks who are interested in podcasts about behavioral science. It will only take 27 seconds. Thank you, and we appreciate your help.  © 2020 Behavioral Grooves   Links Rory Sutherland: https://ogilvy.co.uk/people/rorys “Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life”: https://www.harpercollins.com/9780062388414/alchemy/ “Friction”: https://www.rogerdooley.com/books/friction/ Murray Gell-Mann, PhD: https://en.wikipedia.org/wiki/Murray_Gell-Mann Robin Williams “Scottish Golf”: https://www.youtube.com/watch?v=jx8TzR1-n4Q Don Draper: https://en.wikipedia.org/wiki/Don_Draper Ergodicity: https://en.wikipedia.org/wiki/Ergodicity John James Cowperthwaite: https://en.wikipedia.org/wiki/John_James_Cowperthwaite SatNav: https://www.macmillandictionary.com/us/dictionary/american/satnav Daniel Kahneman, PhD: https://en.wikipedia.org/wiki/Daniel_Kahneman What You See is All There Is: https://en.wikipedia.org/wiki/Thinking,_Fast_and_Slow Arthur Conan-Doyle: https://en.wikipedia.org/wiki/Arthur_Conan_Doyle Sherlock Holmes “Silver Blaze”: https://en.wikipedia.org/wiki/The_Adventure_of_Silver_Blaze Tim Houlihan’s Blog on “Silver Blaze”: https://tinyurl.com/ufumkj6 Ben Franklin T-Test: https://tinyurl.com/wocdsdk Volkswagen Fighter: https://tinyurl.com/qpyqh87 David Ogilvy: https://en.wikipedia.org/wiki/David_Ogilvy_(businessman) Jock Elliot: https://www.theguardian.com/news/2005/dec/01/guardianobituaries.media Battle of Leyte Gulf: https://en.wikipedia.org/wiki/Battle_of_Leyte_Gulf Croft Audio: http://www.croftacoustics.co.uk/main.html Mu-So single speaker: https://www.naimaudio.com/mu-so WFMT Chicago: https://www.wfmt.com/ TK Maxx: https://www.tkmaxx.com/uk/en/ Berlin Hotel with Big Lebowski: https://www.michelbergerhotel.com/en/ Shure: https://www.shure.com/en-US/products/microphones?lpf[top][types][]=microphones Zoom: https://zoom.us/ Satisficing: https://en.wikipedia.org/wiki/Satisficing Usain Bolt: https://en.wikipedia.org/wiki/Usain_Bolt Sheena Iyengar, PhD: https://www.sheenaiyengar.com/ Jelly Jar Study: https://tinyurl.com/oo6g6eb Big Band Music: https://en.wikipedia.org/wiki/Big_band   Musical Links Aretha Franklin: https://en.wikipedia.org/wiki/Aretha_Franklin Southern California Community Choir: https://en.wikipedia.org/wiki/Southern_California_Community_Choir Abba: https://en.wikipedia.org/wiki/ABBA Felix Mendelssohn: https://en.wikipedia.org/wiki/Felix_Mendelssohn George Frideric Handel: https://en.wikipedia.org/wiki/George_Frideric_Handel Johann Sebastian Bach: https://en.wikipedia.org/wiki/Johann_Sebastian_Bach Johann Christian Bach: https://en.wikipedia.org/wiki/Johann_Christian_Bach  

Alton Sun is a Systemic Satisficer. https://facebook.com/AltonSun Alton's Program ► https://guidedtrack.com/programs/8k7bj9y/run ******* Simulation interviews the world’s greatest minds to uncover the nature of reality and elevate our planet’s consciousness ► http://simulationseries.com ******* Design Merch, Get Paid, Spread Thought-Provoking Questions ► https://yoobe.me/simulation ******* Subscribe across platforms ► Youtube ► http://bit.ly/SimYoTu iTunes ► http://bit.ly/SimulationiTunes Instagram ► http://bit.ly/SimulationIG Twitter ► http://bit.ly/SimulationTwitter Spotify ► http://bit.ly/SpotifySim BiliBili ► http://bit.ly/SimBiliBili ******* Facebook ► http://bit.ly/SimulationFB Soundcloud ► http://bit.ly/SimulationSC LinkedIn ► http://bit.ly/SimulationLinkedIn Patreon ► http://bit.ly/SimulationPatreon Crypto ► http://bit.ly/CryptoSimu PayPal ► https://paypal.me/simulationseries ******* Nuance-driven Telegram chat ► http://bit.ly/SimulationTG Allen's TEDx Talk ► http://bit.ly/AllenTEDx Allen's IG ► http://bit.ly/AllenIG Allen's Twitter ► http://bit.ly/AllenT ******* List of Thought-Provoking Questions ► http://simulationseries.com/the-list Get in Touch ► simulationseries@gmail.com

Barry Schwartz is an American psychologist, professor, author, speaker and researcher. Schwartz is the Dorwin Cartwright Professor of Social Theory and Social Action at Swarthmore College. Schwartz's research addresses morality, decision-making and the inter-relationships between science and society. Barry Schwartz studies the link between economics and psychology, offering startling insights into modern life. Barry has millions of views of his Ted talks online.I recently read his 2004 global best seller ‘The Paradox of Choice’ and was impacted by it greatly. So much of the research covered resonated with me and it was one of those reads that you can’t put down. What’s more interesting is that book is even more relevant today than it was 15 years ago when released. So, naturally I was delighted when Barry accepted the invitation to come on to the podcast and talk about his career, research, and latest work. If you want to learn more about Barry and his work, I’ve provided links to his work at the end of the show notes. To further entice you, here is a summary of what we covered.•Which of the roles Barry plays is most interesting to him•A life changing moment - taking a sabbatical in the early 1990s at Harvard to learn economics and evolutionary biology •During this time, Barry started to write a personal narrative and found this process fascinating and it was the beginning of a book which ended up being a book (the Battle for Human Nature) •Where did the plan to be a psychologist come from? •Growing up in New York wanting to be a Baseball player, then a journalist •Falling into his passion and the field of psychology by luck rather than design! •BF Skinner’s field of psychology was the area of interest to Barry first – the psychology of learning field – How learning happens? •Writing a text book on the psychology of learning•Humans as creatures where everything we do is transactional •Developing good arguments against BF Skinners theory•What drives & motivates Barry •Too much emphasis in psychology about collecting new empirical facts •More interested in understanding these facts and the story of these together •Using other’s research and tell a story that brings new understanding •Barry’s core values •The value of following your nose & not having a grand plan •The way the workplace has evolved makes it harder for people to find work they have meaning in •What is working for meaning now so mainstream and popular? oLiving in good times but all it takes a major economic downturn and this can change things – this is a very unstable attitudeoThe Feminisation of the workplace - Women care more than men, and as Women form a larger % of the workforce, they demand that work matter! •Emotional Intelligence – a slogan & how this impacts Barry’s work – when we want people to do the right thing – we rely on tools – sticks or carrots – instead of a desire to do the right thing because it’s the right thing! •The Paradox of Choice – the relevance of the book still 15 years on •Examples of how Netflix, Walmart and Amazon not fully learning the lesson •Why are Netflix not taking on the advice in the book? •People are acting against their own interests as they don’t understand the impacts•The ability to rearrange a store online based on the choice •Putting a label on the challenges people had with decision making•Barry’s own key learnings from writing the book oThe relation between Freedom & Choice oMaximiser v Satisficers – so I started to reflect on a lot during reading •Satisficing is not settling – it’s a standard and a choice to move forward•Single most important thing – Good enough is almost always good enough! •When to say good enough v seeking perfection? •How age and good enough are linked•Locus of Control & Freedom – how this ties into the decision making process•How to select candidates for Ivy leagues schools? – make it a lottery? •Nobody is willing to accept that important things in life happens by chance! •The role of Luck in important things in life!!!!•Current work & plans on the future – when all you have got is two kinds of jeans to choose from? •Book Recommendations impactful on Barry?oThe Economist Hour – Benjamin Applebaum – when the world started listening to economists and taking them seriously?oRule Makes Rule Breakers – Michelle Gelfan•One Minute Monday from Barry oWhispering that Good Enough is good enoughoHow can I make meaning, not find meaning!!Link to the Barry’s books•Why We Work, Simon & Schuster/TED, 2015. (ISBN 9781476784861)[1]•The Paradox of Choice - https://amzn.to/2qeNS5p•Psychology of Learning and Behavior, with Edward Wasserman and Steven Robbins•The Costs of Living: How Market Freedom Erodes the Best Things in Life, Xlibris Corporation, 2001. (ISBN 0-7388-5251-1)•Learning and Memory, with Daniel Reisberg•The Battle for Human Nature: Science, Morality and Modern Life•Behaviorism, Science, and Human Nature, with Hugh Lacey, W. W. Norton & Company, 1983. (ISBN 0-393-01585-8)•Practical Wisdom, with Kenneth Sharpe, Riverhead, 2010, (ISBN 978-1594487835)

Barry Schwartz is an American psychologist, professor, author, speaker and researcher. Schwartz is the Dorwin Cartwright Professor of Social Theory and Social Action at Swarthmore College. Schwartz's research addresses morality, decision-making and the inter-relationships between science and society. Barry Schwartz studies the link between economics and psychology, offering startling insights into modern life. Barry has millions of views of his Ted talks online.I recently read his 2004 global best seller ‘The Paradox of Choice’ and was impacted by it greatly. So much of the research covered resonated with me and it was one of those reads that you can’t put down. What’s more interesting is that book is even more relevant today than it was 15 years ago when released. So, naturally I was delighted when Barry accepted the invitation to come on to the podcast and talk about his career, research, and latest work. If you want to learn more about Barry and his work, I’ve provided links to his work at the end of the show notes. To further entice you, here is a summary of what we covered.•Which of the roles Barry plays is most interesting to him•A life changing moment - taking a sabbatical in the early 1990s at Harvard to learn economics and evolutionary biology •During this time, Barry started to write a personal narrative and found this process fascinating and it was the beginning of a book which ended up being a book (the Battle for Human Nature) •Where did the plan to be a psychologist come from? •Growing up in New York wanting to be a Baseball player, then a journalist •Falling into his passion and the field of psychology by luck rather than design! •BF Skinner’s field of psychology was the area of interest to Barry first – the psychology of learning field – How learning happens? •Writing a text book on the psychology of learning•Humans as creatures where everything we do is transactional •Developing good arguments against BF Skinners theory•What drives & motivates Barry •Too much emphasis in psychology about collecting new empirical facts •More interested in understanding these facts and the story of these together •Using other’s research and tell a story that brings new understanding •Barry’s core values •The value of following your nose & not having a grand plan •The way the workplace has evolved makes it harder for people to find work they have meaning in •What is working for meaning now so mainstream and popular? oLiving in good times but all it takes a major economic downturn and this can change things – this is a very unstable attitudeoThe Feminisation of the workplace - Women care more than men, and as Women form a larger % of the workforce, they demand that work matter! •Emotional Intelligence – a slogan & how this impacts Barry’s work – when we want people to do the right thing – we rely on tools – sticks or carrots – instead of a desire to do the right thing because it’s the right thing! •The Paradox of Choice – the relevance of the book still 15 years on •Examples of how Netflix, Walmart and Amazon not fully learning the lesson •Why are Netflix not taking on the advice in the book? •People are acting against their own interests as they don’t understand the impacts•The ability to rearrange a store online based on the choice •Putting a label on the challenges people had with decision making•Barry’s own key learnings from writing the book oThe relation between Freedom & Choice oMaximiser v Satisficers – so I started to reflect on a lot during reading •Satisficing is not settling – it’s a standard and a choice to move forward•Single most important thing – Good enough is almost always good enough! •When to say good enough v seeking perfection? •How age and good enough are linked•Locus of Control & Freedom – how this ties into the decision making process•How to select candidates for Ivy leagues schools? – make it a lottery? •Nobody is willing to accept that important things in life happens by chance! •The role of Luck in important things in life!!!!•Current work & plans on the future – when all you have got is two kinds of jeans to choose from? •Book Recommendations impactful on Barry?oThe Economist Hour – Benjamin Applebaum – when the world started listening to economists and taking them seriously?oRule Makes Rule Breakers – Michelle Gelfan•One Minute Monday from Barry oWhispering that Good Enough is good enoughoHow can I make meaning, not find meaning!!Link to the Barry’s books•Why We Work, Simon & Schuster/TED, 2015. (ISBN 9781476784861)[1]•The Paradox of Choice - https://amzn.to/2qeNS5p•Psychology of Learning and Behavior, with Edward Wasserman and Steven Robbins•The Costs of Living: How Market Freedom Erodes the Best Things in Life, Xlibris Corporation, 2001. (ISBN 0-7388-5251-1)•Learning and Memory, with Daniel Reisberg•The Battle for Human Nature: Science, Morality and Modern Life•Behaviorism, Science, and Human Nature, with Hugh Lacey, W. W. Norton & Company, 1983. (ISBN 0-393-01585-8)•Practical Wisdom, with Kenneth Sharpe, Riverhead, 2010, (ISBN 978-1594487835)

Taking action and trying new things in our job/ career in the face of uncertainty. PayPal.me/GayatriSethi Please do not cite without permission

Kari shares the science behind how too much time spent making decisions can lead to anxiety, regret, and other negative states and discusses a plan of how to make decisions that fuel happiness and relationships. Runner of the Week Foti Panagakos, a return guest and teammate of The Running Lifestyle Show's Action for Healthy Kids 2015 Chicago Marathon Team, shares how his quest for 50 marathons in 50 states is coming along and the changes to his running routine now that he has moved from New Jersey to West Virginia. Please go HERE for this episode's show notes. Find the 11 Strategies to Live a Running Lifestyle HERE. Click HERE to receive special gifts and to be part of The Running Lifestyle Show team. Please tweet me your biggest takeaways at @KariGormley!

I follow Matt since years. he has a couple of great books out, his latest one possibly being the top pick. It is called "Winning the brain Game". In "Winning the brain Game", Matt explains 7 fundamental flaws of the brain which hold us back from being the best problem solvers we could be. He describes how he discovered them, gives explanations from the fields of psychology and neuro science and finally gives hints on fixes for these flaws.  I discovered Matt by means of a different book he wrote quite a couple of years ago. The book was called "The laws of subtraction" in which he gave structure on how to make things simpler and how to address that problem. At the time I headed a product which was really a complicated mess and the book helped me think through several of the problems I had at the time and I have it in find memories.  Matt comes up with the following categories of flaws:  "Misleading", which contains the flaws of Leaping (jumping to the first best, shallow solution), Fixation (being stuck on the first best idea) and Overthinking (not getting into a state of delivery at all. Then there is Mediocre with Satisficing (giving in to a half baked solution and not pulling through) and Downgrading (no, it's not so important to hang in and we didn't mean to reach that level at all) And finally there is Mindless with the flaws "not invented here" (if it's not my idea, I won't listen) and Self-Censoring (It's my idea, it can't be good).   So, again: Misleading Leaping Fixation Overthinking Mediocre Satisficing Downgrading Mindless Not Invented Here Self-Censoring Also, expect a definition of Strategy and a little gossip on how one of the greats, Roger L. Martin, thinks on Strategy. Also really useful for me was a description of the value of frameworks as a way of describing ways to work with tools in a non sequential, non linear way and still feel comfortable and having a feeling of progress in highly abstract knowledge work. Another Gem for me was the framing of "assumptions" as "What has to be true? Given our strategy, what has to be true in our industry for it to work out? What has to be true for our org structure? What has to be true about what our customer really values? What about our cost? And what has to be true about our capabilities? Answering that questions opens a space right between the questions of "What is true?" and "What might be true" and help us thinking much more open about these issues. Show Notes "True Strategy os not about a plan, it is not about analysis. True strategy s about choice making." "There’s a lot of talk about thinking outside of the box, And I’m here to tell you there’s an awful lot of space inside of the box, if we think about the box in the right way." "When people say „culture eats strategy for lunch, what they’re basically talking about is when you march out a plan of action without having the buy-in or the input of those being in some sort responsible for deploying that strategy, the Status quo will defeat that plan.“ "(Culture)  does not eat for breakfast a great set of winning choices that answer - “what’s our winning aspiration?“, - "where will we play?“, - "how will we win?“,- "what capabilities do we need?“ and- "What systems are required?“ "The brain works very efficiently if there's some sort of limit. But you make that limit smart and intelligent. Just enough so that there's guidance but not prescription." Matt's Mantra  "What appears to be the problem, isn't. What appears to be the solution, isn't. What appears to be impossible, isn't" "I think the key to able to think differently is to be able to reframe problems" "They (Toyota) are a very innovative company. They implement close to a million ideas per year, all across the organization." On Lean in the Toyota Way "A lot of what we see on the surface as Lean, what really drives it (and can't be seen) is creativity. To have someone who puts on a windshield improve that work. And that's something that took me 4 years to understand." "One of the training programs was called "Jobs Methods Training". And they introduced the concept of continuous improvement: Little ideas, implemented as quickly as possible as near to the frontline as you possibly can. It was aimed at the supervisor level. Among those was a guy called Deming."   "Until this day, you will not find a Lean Thinking program at Toyota. You will find Toyota Business Process, before that it was PDCA." "I often get the question on what is the difference between continuous improvement and radical innovation. And it really is just a matter of scope, scale & magnitude. The process is the same. The problem solving process is the same" It's all problem solving. "Do I teach Lean? Yes, I do tech Lean Thinking. But looks an awful lot like Design Thinking."  "In an ideal world, all this stuff (Design Thinking, Agile, Lean Startup. Lean, etc.) would just be called problem solving." "A neuroscientist will tell that there are only two ways that human beings solve problems. Just two. One is the conscious way. And one is the unconscious way." What is creativity?   "The best that you can do is to steep yourself in the problem so that you have as best an understanding as you possibly can. And then simply take a break. Just take a break. because that gives the hippocampus time to make the connections that we call the term creativity. Creativity is nothing more than the mash up  of certain elements, connections, criteria and memories that all boil up into that sudden burn of neuro chemical reaction that we term creativity: The Eureka moment." "Hansei (Reflection) in Japan is a huge part of a Childs upbringing. It's an after action review: What did you expect to happen? What did actually happen? And what accounts for the difference?" "First of all, Roger (Martin) would say that strategy is not a plan. … he would tell you the distinction is meaningless between Strategy and execution. … Essentially strategy has to cascade down onto every individual." Finally   I hope this conversation was as much fun for you as it was for me and you could take away as much as I did. And I hope you could hear just how much fun I had!  And honestly I got a little stuck taking down notes for the show notes. It was just just too much good stuff and gems in it! To me, it was a blast! Make sure you look up the Canvases that Matt talked about. There are links in the show notes. Also make sure to read Matt's last book "Winning The Brain Game"! Also, the earlier ones are worth the money and time! And maybe, look out for a conference close to you were you might meet him or me or both of us for some chat and a hefty dose of problem solving .  I say thanks for listening in again. If you liked it, spread the word and recommend this show to your friend, colleagues and ,maybe your boss and leave a review! If you didn't like it, please tell me how to improve!  And let's all remember the Mantra:   "What appears to be the problem, isn't. What appears to be the solution, isn't. What appears to be impossible, isn't" Thanks again and hear you in a couple of weeks!  Links Matthew E. May's Website Matt's latest book - "Winning The Brain Game" Matt's book "The Laws of subtraction" Matt's book "The Elegant Solution -Toyota's Formula for mastering Innovation" Matt's "Playing To Win" Strategy Canvas Matt's "Lean Learning Loops" Canvas Roger Martin's "The Design Of Business" - a book I often mention in my work and trainings. It is also mentioned during this conversation. - Roger L. Martins book "Playing To Win", in which he describes Strategy as the choices as discussed during this conversation. 

第１回ではInterspeech 2018から対話システムにおけるドメイン選択，ドメイン外発話棄却をテーマにした論文を紹介します． 今回紹介した論文のまとめ． https://github.com/jojonki/arXivNotes/issues/112 --- Support this podcast: https://anchor.fm/lnlp-ninja/support

In this episode of Business Second Opinion, Carol Sanford gives a business second opinion on Satisficing in the business world. Satisficing Bias: How Better Becomes the Enemy of Best. Herbert Simon, Noble Prize Economist, introduced us to an idea of this challenge to innovation and theory of change. Carol Sanford, the positive contrarian, gives you the deep understanding behind this and way around it so you can kickstart and accelerate Innovation. Find more at www.businesssecondopinion.com Harvard Business Review, Satisficing, Business, Better, Best, Innovation

We explore what a morality based on "good enough" means, what it would like, and whether we already follow it.  Discussed: genies, strong AI, and tech startups. References Effective altruism Rationalist community Satisficing utilitarianism Innumeracy Consequentialism and Utilitarianism Pascal's Wager Roko's Basilisk Repugnant Conclusion Peter Singer

Whew, it's been a month. But! We've been satisficing as much as we can, we've been gratitude journaling, and we've been doing home repairs, and now we're ready to tell you all about it! Join us for a post-holiday expression of things we love and things we're grateful for. Talking points include: just listen to Barry's TED talk, mechas are actually good, end-of-year plans. Comments? Questions? Contact us at tryanewpodcast@gmail.com or call YALL-TRY-NEW (925-587-9638).

I consider the popular board game Pandemic from a number of different angles. What makes it an interesting game, cognitively speaking? I touch on decision making, attention, cooperation, and also the Legacy and iPad versions. Game References Burgle Bros, Mechs … Continue reading →

Humans do not always make the most optimal decisions. We are limited by our cognitive resources. We usually make decisions, even in playing games, that are just “good enough.” The process of making a “good enough” decision is known as … Continue reading →

How do we know when we should put in the effort to make the best choice, product, or decision, versus picking something that is simply “good enough?” The answer is the mental model of maximizing vs. satisficing. We Have Too Many Options for Unimportant Things In The Paradox of Choice, Barry Schwartz notes that as our options for every aspect of our lives have increased, so has the cognitive load of making decisions in everyday life. It wasn’t hard to choose a shampoo 100 years ago — there were probably 5 brands. Now, you have an aisle of 100+ options to choose from. If you’re a maximizer at heart (like me), this abundance of choice will prompt you to spend a great deal of time evaluating the best shampoo for you. Learn how to switch from over-analyzing all of your life decisions, which wastes mental energy, by satisficing those that aren't critical to your happiness. Read the complimentary article at ThoughtStack.co.

This episode is for the male entrepreneur, a guy who is likely to have a hard time in romantic relationships. If you are dating or married to an entrepreneur, this podcast will help you. My guest Jordan Gray covers some of the main reasons why high-achieving male entrepreneurs struggle to find the same success in partnership as they might find in their businesses. From sexual dysfunction to relationships ending, Jordan will challenge you to take a few simple steps to earn your way into a great intimate partnership and it's not about accomplishing more. You'll have to think differently on this one... SHOWNOTES Jordan’s story [10:00] The connection between sensitivity and self-awareness 21:00] Can too much ‘self-reflection’ time cause depression and anxiety? [16:00] The hidden reason we use the excuse that ‘there are no good men left’ [18:00] ‘Maximizing’ vs ‘Satisficing’ in relationship (and which one is better) [20:00] How success-driven guys can develop sexual dysfunctions… and what to do about it [21:00] Can you work 70 hours/week and still have a good relationship? [22:00] How performance and achievement mindsets can block intimacy [24:00] Overcoming limiting beliefs that kill your connection [28:00] What to do if you’re feeling neglected by a busy, career-driven man [33:00] How to get a super-busy man to unplug, reconnect and spend time together [34:00] Why our libido is the first thing to shut down when we’re stressed [39:00]

Marc and Matt discuss a situation that happened in a recent game of Dominant Species where Matt missed a very obvious play to his detriment. The discussion then morphs into the psychology of analysis paralysis. Like the podcast? Want to watch it being recorded, live? Consider supporting it on Patreon.

Carter and Andrew talk about how to make decisions without losing their mind. Are you a satisficer or a maximizer? - avoiding decision paralysis How Carter and Andrew use satisficing: establish key parameters beforehand and then quickly chose an option that meets those parameters The “Prateo” or 80/20 principle - getting the most value for the least effort The Paradox of choice - more options do not necessarily mean better outcomes “Fail forward quickly” - one of Carter’s favorite quotes for living

A legend in the field, economic psychologist Barry Schwartz talks about how having too many options can be paralytic and tiresome to the human psyche. Schwartz also discusses the destructive force of an “only the best will do” mentality. We contemplate the implications of these concepts across topics like parenting consumerism, creativity, the prevalence of dissatisfaction in the modern world and what we can do to help ourselves. 

NOTE: Discussion about SA Water price increases in this episode have been challenged by SA Water and a conversation is underway. We will have an update in Episode 006 and hope to have a definitive outcome by Episode 007. This week, Colin is on the sick list and in his place we have Nigel Dobson-Keefe (pictured in the studio). Nigel is an Adelaide-based, professional scientist and brings some of his critical thinking skills to bear on our discussions, especially Brett's proposal to flood our plains with salt water. Apart from Nigel's nasty water surprise for all of us, we explore the suburbs of Adelaide looking for a house, have a rather old sparkling shiraz from the southeast, and get the Adelaide Visa Council stamp working overtime. We also ask you: What should we rename the Britannia Roundabout when it is reopened with two roundabouts in place of one. Support the show: https://theadelaideshow.com.au/listen-or-download-the-podcast/adelaide-in-crowd/ See omnystudio.com/listener for privacy information.

From the session on "Applied Economics," presented at the Austrian Economics Research Conference. Recorded 22 March 2013 at the Ludwig von Mises Institute in Auburn, Alabama. Full paper title: "Success from Satisficing and Imitation: Entrepreneurs’ Location Choice and Implication of Heuristics for Local Economic Development".

Speed your decisions by understanding the concepts of maximizing and satisficing, and using each when needed.