Podcasts about Survivorship bias

Logical error, form of selection bias

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Survivorship bias

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Best podcasts about Survivorship bias

Latest podcast episodes about Survivorship bias

Morning Somewhere
2025.03.12: Survivorship Bias

Morning Somewhere

Play Episode Listen Later Mar 12, 2025 26:40


Burnie and Ashley discuss carrying the burden, prolapsed chickens, stupid kid games, Roofball on ESPN, Tag The Movie, movie stars vs influencers, Scarlet Johansson's Instagram pressure, Milana Vayntrub's wildfire relief efforts, and China's fusion record. Support our podcast at: https://www.patreon.com/morningsomewhereFor the link dump visit: http://www.morningsomewhere.comFor merch, check out: http://store.morningsomewhere.com

English Digest 實用空中美語
Unit 3-2 別被成功學騙了!揭開「倖存者偏差」的真相

English Digest 實用空中美語

Play Episode Listen Later Mar 6, 2025 31:54


Unit 3-2 The Hidden Trap of Survivorship Bias 為什麼「成功者的故事」可能會誤導你?從二戰的轟炸機設計,到老冰箱與百萬富翁的迷思,這篇文章帶你揭開「倖存者偏差」這一思維陷阱的真相,幫助你避免決策中的盲點。想知道如何看透數據背後的真相?快來一探究竟!

English Digest 實用空中美語
Unit 3-1 別被成功學騙了!揭開「倖存者偏差」的真相

English Digest 實用空中美語

Play Episode Listen Later Mar 5, 2025 30:57


Unit 3-1 The Hidden Trap of Survivorship Bias 為什麼「成功者的故事」可能會誤導你?從二戰的轟炸機設計,到老冰箱與百萬富翁的迷思,這篇文章帶你揭開「倖存者偏差」這一思維陷阱的真相,幫助你避免決策中的盲點。想知道如何看透數據背後的真相?快來一探究竟!

Vom Wahn und Sinn
Über Liebe, Verlust und Arbeit

Vom Wahn und Sinn

Play Episode Listen Later Feb 4, 2025 92:44


Survivorship Bias, Burnout und die (Nicht)-Notwendigkeit von harter Arbeit; Urlaub ohne Formular und Chris' Grabsteinspruch.  Danke Christian, dein Lob ist unser Thema. Was bedeutet es eigentlich, ein Unternehmen zu führen, das nicht nur erfolgreich, sondern auch lebenswert ist?Chris hinterfragt das oft propagierte Credo, das Erfolg ausschließlich durch harte Arbeit entsteht. Aus persönlicher Erfahrung – darunter ein Burnout mit 23 Jahren – erzählt er, warum er überzeugt ist: „Es geht auch anders.“ Vielleicht sind auch daraus die Überzeugungen und Ursprünge unserer Firma Wahnsinn Design entstanden: ein Ort, wo wir versuchen, großartig zu arbeiten, ohne sich ausbrennen zu müssen. Prognose aus 1930 für 2030 war eine 15h-Arbeitswoche:„Three-hour shifts or a fifteen-hour week may put off the problem for a great while. For three hours a day is quite enough to satisfy the old Adam in most of us.“
Essay ‚Economic Possibilities for Our Grandchilderen‘ (1930),  John Maynard Keynes Als Unternehmer tragen wir die Verantwortung, dass es den Mitarbeitern gut geht. Wie kann z. B. der „Get rid of the shit day“ dabei helfen, ein kreatives und entlastendes Arbeitsumfeld zu fördern? Statt ständig mehr Input lautet die Devise: besser und effektiver arbeiten. Doch was heißt das konkret?Warum ist „mehr Kommunikation“ oft nicht die Lösung. „Bessere“ Kommunikation sollte das Ziel sein. Kontrolle führt nicht zu guten Ergebnissen. Das vorherrschende Denken: Ich brauche keine fähigen Leute, um etwas umzusetzen, wichtig sind nur richtige Anweisungen. Der daraus oft resultierende Dokumentations- und Anforderungsberg ist schlichtweg verlorene Lebenszeit. Wir müssen zwar etwas zu nahe 100 % verstanden haben, um richtig Gutes zu kreieren, aber braucht es dafür wirklich 300 Seiten Anforderungsmaterial? Chris findet, all diese Gedanken verdienen einen größeren Rahmen – vielleicht bald als Vortrag? Bleibt neugierig, bleibt mutig – und lasst uns gemeinsam eine Arbeitswelt gestalten, die produktiv und lebenswert ist. Viel Spaß!
P.S. Liebe Grüße auch an Chris Ma =) In der Folge erwähnt: John Maynard Keynes, Economic Possibilities for our Grandchildren (1930): http://www.econ.yale.edu/smith/econ116a/keynes1.pdfJohn Maynard Keynes: https://de.wikipedia.org/wiki/John_Maynard_KeynesSurvivorship Bias: https://de.wikipedia.org/wiki/Survivorship_BiasChristians Post auf Linkedinaerzteblatt.de - Krankenhausärzte verbringen täglich drei Stunden mit Bürokratie: https://www.aerzteblatt.de/nachrichten/153414/Krankenhausaerzte-verbringen-taeglich-drei-Stunden-mit-BuerokratieTed Talk, Yves Morieux - How too many rules at work keep you from getting things done: https://www.ted.com/talks/yves_morieux_how_too_many_rules_at_work_keep_you_from_getting_things_done/transcript --------Noch ein Podcast:Perspektiven auf Software & Design von Chris & Alex.www.bessermit.design --------

Der Makler Podcast - mit Fabian Lauer
#79 Survivorship Bias - Du achtest auf die falschen Sachen

Der Makler Podcast - mit Fabian Lauer

Play Episode Listen Later Dec 11, 2024 40:27


In dieser Episode des Makler Podcasts spricht Fabian Lauer über die entscheidenden Lektionen für Makler, mit einem besonderen Fokus auf die typischen Fehler von Branchenneulingen und die Bedeutung von Social Media. Anhand einer faszinierenden Parallele zu einem Experiment aus dem Zweiten Weltkrieg erklärt er, wie wichtig es ist, aus Misserfolgen zu lernen und blinde Flecken zu erkennen. Fabian betont, dass der Aufbau eines soliden Fundaments für langfristigen Erfolg wichtiger ist als kurzfristige Gewinne. Warum Neulinge im Maklergeschäft oft die falschen Dinge priorisieren und wie Vertrauen sowie Persönlichkeit in der Kundenkommunikation den entscheidenden Unterschied machen, sind zentrale Themen dieser Episode. Ebenso zeigt Fabian auf, wie man sich nicht von oberflächlichen Erfolgen blenden lässt und stattdessen die wahren Grundlagen des Erfolgs erkennt. Lass dich inspirieren, hinter die Oberfläche zu blicken und die wahren Grundlagen deines Erfolgs zu erkennen. Teile diese Episode mit Kollegen, die sich oft im Detail verlieren, und entdecke, wie du deinen Fokus neu ausrichten kannst! E-Mail: info@maklerpodcast.com Web: www.maklerpodcast.com Instagram: fab.lauer I maklerpodcast Unser Mentoringprogramm: mentoring@maklercoach.com www.maklercoach.com maklercoach_com

The James Altucher Show
The Ultimate Guide to Risky Decisions: Risky Business with Maria Konnikova and Nate Silver: Maria Konnikova and Nate Silver

The James Altucher Show

Play Episode Listen Later Oct 9, 2024 73:36


A Note from James:"Are you a member of the river or the village? That's the question we're diving into today. Nate Silver—yes, the Nate Silver from 538—joins us with Maria Konnikova, a master of poker and decision-making. Members of the 'river,' as Nate describes, are rational thinkers. They make decisions based on probabilities and data, not emotions. So, are you in the river or the village? Because today, we're talking about how to think differently about risk—whether it's betting on an election, making an investment, or even figuring out how to navigate life. Here's what you need to know."Episode Description:In this episode, James Altucher brings together two brilliant minds: Nate Silver, known for his predictive prowess, and Maria Konnikova, a renowned psychologist and poker player. The trio delves into how they make calculated decisions when the stakes are high. With examples from poker, elections, and everyday life, they discuss how we can all navigate a world full of uncertainty. What does it mean to be a rational thinker? And how can understanding probabilities make you a better decision-maker? Join them as they explore strategies for improving your risk assessment, leveraging data, and making choices that keep you in the game longer.What You'll Learn:Risk Assessment Tools: How to analyze risk effectively using concepts from poker and data science.The River vs. The Village: Are you making rational decisions, or are you just playing it safe? Find out how to challenge your instincts.Understanding Probabilities: How to apply probabilistic thinking to everyday situations, from career moves to investments.Avoiding Cognitive Traps: Learn about common mental biases that can lead to poor decisions and how to overcome them.Betting on Your Choices: Practical advice on evaluating your options to maximize the chances of success.Timestamped Chapters:[01:30] – Are You a Member of the River or the Village?[03:21] – Meet the Guests: Nate Silver and Maria Konnikova[10:09] – Maria's Journey into Poker and Game Theory[14:59] – Understanding Risk and Decision Making[27:55] – The Challenge of Trust and Information in the Digital Age[31:04] – Nate's Transition from Poker to Election Forecasting[42:37] – The Evolution of Poker Strategy[54:15] – Betting Markets and Inefficiencies[1:00:58] – Decision Making and Risk in Poker and LifeAdditional Resources:Maria Konnikova's Book: The Biggest BluffNate Silver's Newsletter: The Silver BulletinMaria Konnikova's Newsletter: The LeapNate Silver's Book: On the EdgePodcast: Risky Business with Maria Konnikova and Nate Silver ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to “The James Altucher Show” wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn

Meaning Over Money
367 - Survivorship Bias and FOMO, a Dangerous Combination

Meaning Over Money

Play Episode Listen Later Sep 23, 2024 12:26


Do you ever hear the crazy stories about how someone did something crazy, and it massively paid off? A wild investment idea. A trip to the casino. A funky-sounding business plan. Ideas that, on the surface, seem risky at best, and insane at worst. However, you continually hear success stories about them. It's disorienting. In today's episode, host Travis Shelton discusses survivorship bias and why it's wreaking havoc on our decision-making and psyche.  If you have questions or would like to connect with us outside of the podcast, here's where you can find us:  Instagram: ⁠https://www.instagram.com/meaning_over_money⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: https://www.tiktok.com/@meaning_over_money Daily Blog: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://travisshelton.com/blog⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Subscribe to the daily blog: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://shorturl.at/ipS35⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Podcast Facebook Group: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/groups/370457478238932⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Podcast website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.travisshelton.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Travis's Instagram:  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/travis_shelton_⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  YouTube:  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/channel/UCasnj17-bOl_CZ0Cb9czmyQ

Performance Initiative Podcast
#38: Unmasking Scams and Cognitive Biases with Daniel Simons & Christopher Chabris

Performance Initiative Podcast

Play Episode Listen Later Sep 10, 2024 73:36


In this episode, hosts Dr. Grant Cooper and Dr. Zinovy Meyler engage with renowned cognitive psychologists Christopher Chabris and Daniel Simons to unravel the intricacies of memory, deception, and decision-making. They discuss how vivid but often inaccurate memories form, explore real-life scams including impersonators of the French Minister of Defense, and tackle psychological shortcuts like survivorship bias and confirmation bias. The conversation highlights the influence of AI and deepfakes on deception and offers practical advice to protect against scams, such as the use of family passwords for combating voice cloning. Additionally, they delve into decision-making traps, illustrated through examples like doctors' varied information processing. Through engaging anecdotes and their collaborative research from 'Nobody's Fool,' the episode provides insights into human cognition's limitations and the importance of recognizing and mitigating biases.(00:00) Introduction (04:20) Exploring the Mandela Effect  (06:43) The Fallibility of Memory  (16:15) Survivorship Bias in Decision-Making  (19:58) The Possibility Grid: Understanding Success and Failure  (26:36) Confirmation Bias and Scientific Errors  (38:50) The Time Reversal Heuristic  (39:50) Bias in Scientific Findings  (40:51) The Appeal of Counterintuitive Results  (42:45) Challenges in Replicating Studies  (43:46) The Reality of Social Priming  (46:28) Subliminal Perception and Its Limits  (47:34) Cognitive Training and Its Efficacy  (55:17) Chess Strategies Applied to Life  (57:09) The Importance of Asking Questions  (59:42) Avoiding Deception and Making Better Decisions  (01:04:27) The Role of Information in Decision Making  (01:09:04) ConclusionDaniel Simons and Christopher Chabris are renowned cognitive psychologists best known for their groundbreaking research on attention, perception, and cognitive illusions. Simons, a professor at the University of Illinois, and Chabris, a professor at Geisinger Health System, co-authored the influential book *The Invisible Gorilla*, which explores how our minds can overlook significant details, leading to surprising misconceptions. Their famous "invisible gorilla" experiment demonstrates how people can fail to notice obvious things when focused on specific tasks, revealing the limits of human attention and perception. Both researchers continue to investigate the fascinating ways in which our minds shape our experiences.#podcast #memory #decisionmaking #psychology #deception #mandelaeffect #interview #experts #brainscience #research #mind #cognitivescience #mentalhealth #MemoryStudy #SurvivorshipBiasThanks For WatchingSocials:YouTube: https://www.youtube.com/channel/UCKPNCI1-HBSZmiHNAlAjiIwWebsite: https://www.performanceinitiativepodcast.com/Instagram: https://www.instagram.com/performanceinitiative

Every Day Counts - der Leada-Podcast
EDC Shorts: Survivorship Bias

Every Day Counts - der Leada-Podcast

Play Episode Listen Later Sep 10, 2024 4:42


In diesem SHORT erklärt Christophe Braun den Survivorship Bias, einen ebenso häufigen wie gefährlichen Denkfehler. SHORTS ist das Fünf-Minuten-Format von EVERY DAY COUNTS

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics
423. Unveiling the Biases Behind Misinformation w/ Alex Edmonds

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

Play Episode Listen Later Aug 29, 2024 45:58


In this episode of The Brainy Business podcast, Melina Palmer welcomes Alex Edmonds, author of May Contain Lies, to discuss the fascinating intersection of finance, behavioral economics, and misinformation. Alex, a professor of finance at London Business School with a Ph.D. from MIT, delves into the impact of emotions on the stock market, using intriguing examples from his research, including the emotional effects of international sports results on stock market behavior.  Throughout the conversation, Alex and Melina explore the broader implications of emotional influences on decision-making in both personal finance and business contexts. They discuss the dangers of confirmation bias and black-and-white thinking, and Alex offers practical steps to overcome these biases. He also introduces his concept of the "ladder of misinference," illustrating how statements, facts, data, and evidence can be misinterpreted or misrepresented, leading to misleading conclusions. In this episode: Understanding the emotional impact of sports results on the stock market. The broader implications of emotional influences on decision-making. The dangers of confirmation bias and black-and-white thinking. Practical steps to overcome biases and make informed decisions. The "ladder of misinference" and avoiding missteps in interpreting data. Show Notes: 00:00:00 - Introduction Melina introduces Alex Edmonds, author of "May Contain Lies," and outlines the episode's focus on emotions, decision-making, and misinformation. 00:01:45 - Alex's Background Alex shares his background in finance and behavioral economics, emphasizing his passion for conveying academic insights to a general audience. 00:06:10 - Dissertation Research Alex discusses his dissertation on the impact of emotions, particularly sports results, on the stock market, highlighting the significant emotional effects on trading behavior. 00:12:55 - Broader Implications Melina and Alex explore the broader implications of emotional influences on decision-making in personal finance and business, emphasizing the importance of acknowledging and managing emotions. 00:19:15 - Confirmation Bias Alex explains confirmation bias and its impact on how people respond to evidence and data, using examples from sustainable investing and other fields. 00:26:30 - Black-and-White Thinking Alex introduces black-and-white thinking as a twin bias to confirmation bias, illustrating how extreme viewpoints can overshadow nuanced understanding. 00:34:45 - Ladder of Misinference Alex outlines the "ladder of misinference," explaining how statements, facts, data, and evidence can be misinterpreted, leading to misleading conclusions. 00:43:10 - Practical Tips for Individuals Alex offers practical tips for individuals to overcome biases, including imagining the opposite result to challenge confirmation bias. 00:46:00 - Conclusion What stuck with you while listening to the episode? What are you going to try? Come share it with Melina on social media -- you'll find her as @thebrainybiz everywhere and as Melina Palmer on LinkedIn. Thanks for listening. Don't forget to subscribe on Apple Podcasts or Android. If you like what you heard, please leave a review on iTunes and share what you liked about the show.  I hope you love everything recommended via The Brainy Business! Everything was independently reviewed and selected by me, Melina Palmer. So you know, as an Amazon Associate I earn from qualifying purchases. That means if you decide to shop from the links on this page (via Amazon or others), The Brainy Business may collect a share of sales or other compensation. Let's connect: Melina@TheBrainyBusiness.com The Brainy Business® on Facebook The Brainy Business on Twitter The Brainy Business on Instagram The Brainy Business on LinkedIn Melina on LinkedIn The Brainy Business on Youtube Connect with Alex: Alex on X  Alex on LinkedIn   Alex's Website Learn and Support The Brainy Business: Check out and get your copies of Melina's Books.  Get the Books Mentioned on (or related to) this Episode: Foolproof, by Sander van der Linden May Contain Lies, by Alex Edmans How Minds Change, by David McRaney Decisions Over Decimals, by Christopher Frank, Paul Magnone and Oded Netzer What Your Employees Need and Can't Tell You, by Melina Palmer Top Recommended Next Episode: Confirmation Bias (ep 260) Already Heard That One? Try These:  Sander van der Linden Interview (ep 337) Focusing Illusion (ep 330) Survivorship Bias (ep 400) Christian Madsbjerg Interview (ep 325) David McRaney Interview (ep 210) Other Important Links:  Brainy Bites - Melina's LinkedIn Newsletter TED: What to Trust in a “Post Truth” World TEDx: The Pie Growing Mindset

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics
419. The Mentorship Mindset: Insights from Dr. Ruth Gotian

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

Play Episode Listen Later Aug 15, 2024 48:57


In episode 419 of The Brainy Business podcast, Dr. Ruth Gotian, co-author of the Financial Times Guide to Mentoring, shares her extensive expertise on mentorship and leadership development with host Melina Palmer. Ruth, who serves as the Chief Learning Officer and Associate Professor of Education in Anesthesiology at Weill Cornell Medicine, is a globally recognized expert in mentorship, hailed by institutions like Nature, Wall Street Journal, and Columbia University. She discusses the vital role of mentorship in achieving success and the importance of having a team of mentors to guide and support high achievers. Throughout the conversation, Ruth delves into the four elements of success from her book, The Success Factor, and emphasizes the significance of intrinsic motivation, overcoming challenges, continuous learning, and the power of mentorship. She also provides practical insights into the differences between mentors, coaches, role models, and sponsors, and how each plays a unique role in personal and professional development. This episode is packed with valuable takeaways for anyone looking to enhance their success through effective mentorship and leadership strategies. In this episode: Understand the four key elements of success for high achievers. Differentiate between mentors, coaches, role models, and sponsors. Learn how to effectively seek and engage with mentors. Implement successful mentorship programs within organizations. Recognize the benefits of both being a mentor and having a mentor. Show Notes: 00:00:00 - Introduction Melina Palmer introduces Dr. Ruth Gotian and sets the stage for an insightful conversation on mentorship and leadership development. 00:01:30 - Ruth's Background Ruth shares her background and journey, including her roles at Weill Cornell Medicine and her recognition as a top mentor and emerging management thinker. 00:04:20 - The Success Factor Ruth discusses the four elements of success found in high achievers: intrinsic motivation, overcoming challenges, continuous learning, and mentorship. 00:10:15 - Mentorship and Its Importance The conversation explores the critical role of mentorship in achieving success and how high achievers leverage mentors to guide and support them. 00:14:45 - Differentiating Mentorship Roles Ruth explains the differences between mentors, coaches, role models, and sponsors, and the unique contributions each makes to personal and professional growth. 00:19:30 - Effective Mentorship Strategies Practical advice on how to seek out mentors, engage with them effectively, and the importance of being specific and time-bound in mentorship requests. 00:24:00 - Organizational Mentorship Programs Tips for implementing successful mentorship programs within organizations, including the benefits of group mentoring and creating opportunities for organic mentor-mentee matches. 00:30:10 - Reverse Mentoring and Continuous Learning The concept of reverse mentoring and how both mentors and mentees can learn from each other, fostering a culture of continuous learning and development. 00:35:20 - The Value of Networking and Building Relationships Ruth shares insights on the importance of networking, asking good questions, and building meaningful relationships through thoughtful engagement. 00:40:05 - Conclusion What stuck with you while listening to the episode? What are you going to try? Come share it with Melina on social media -- you'll find her as @thebrainybiz everywhere and as Melina Palmer on LinkedIn. Thanks for listening. Don't forget to subscribe on Apple Podcasts or Android. If you like what you heard, please leave a review on iTunes and share what you liked about the show.  I hope you love everything recommended via The Brainy Business! Everything was independently reviewed and selected by me, Melina Palmer. So you know, as an Amazon Associate I earn from qualifying purchases. That means if you decide to shop from the links on this page (via Amazon or others), The Brainy Business may collect a share of sales or other compensation. Let's connect: Melina@TheBrainyBusiness.com The Brainy Business® on Facebook The Brainy Business on Twitter The Brainy Business on Instagram The Brainy Business on LinkedIn Melina on LinkedIn The Brainy Business on Youtube Connect with Ruth: Ruth on LinkedIn Ruth on X Learn and Support The Brainy Business: Check out and get your copies of Melina's Books.  Get the Books Mentioned on (or related to) this Episode: The Ultimate Guide to Great Mentorship, by Scott Miller The Success Factor, by Ruth Gotian Mentoring, by Dr. Ruth Gotian and Andy Lopata What Your Employees Need and Can't Tell You, by Melina Palmer Let's Talk, by Therese Huston Top Recommended Next Episode: Scott Miller Interview (ep 307) Already Heard That One? Try These:  Kurt Nelson Interview (ep 187) Reciprocity (ep 238) Adjusting Your Mindset — Overcome Imposter Syndrome (ep 306) Scott Miller Interview (ep 307) Survivorship Bias (ep 400) Other Important Links:  Brainy Bites - Melina's LinkedIn Newsletter Conversations with Ruth Gotian

Finanzfluss Podcast
#518 Alle Denkfehler beim Investieren in 15 Min. erklärt!

Finanzfluss Podcast

Play Episode Listen Later Jul 29, 2024 17:34


Was haben wir alle mit Crashpropheten gemeinsam? Wir machen ständig Denkfehler beim Investieren. Das ist völlig menschlich. In dieser Podcastfolge stellen wir dir 15 häufige Denkfehler vor, damit du sie beim Investieren vermeiden kannst. ➡️ Zur LINKBOX (Links zu unseren Produkten und Werbepartnern): https://www.finanzfluss.de/podcast-linkbox/ ℹ️ Weitere Infos zur Folge: Diese Folge als Video: https://www.youtube.com/watch?v=pCb_hrCuUx4 Publikation zu den Denkfehlern: https://revistia.com/files/articles/ejmn_v4_i1_21/Dervishaj.pdf

Bounce
Pitfalls of Survivorship Bias: Building a Product Way of Thinking

Bounce

Play Episode Listen Later Jun 20, 2024 42:01


DescriptionThis episode explores creative leadership techniques that drive outcomes as well as the pitfalls of survivorship bias in building a product. Kelsey Nichols discusses her unconventional path into product management and building a product way of thinking that focuses on failure patterns and how to adapt.Show Notes (0:05) - Introduction to the podcast and hosts(0:57) - Welcome to Kelsey Nichols, CTO at Landing(1:07) - Kelsey describes her career journey from PE teacher to engineer to product manager and back to engineering(3:36) - Kelsey talks about her transition from engineering to product management(8:14) - The benefits of having a diverse background in product development(9:33) - The event that led Kelsey to focus more on the "why" of product development(10:57) - Areas where product leaders might miss the mark according to Kelsey's experience on the engineering team(13:19) - Challenges of integrating a new product team and common friction points(14:36) - Building a product department from the ground up and how it's similar to building a product(16:33) - Initial challenges and concerns about the success of the product department at Landing(17:40) - Why looking at failures can be just as valuable as looking at successes (concept of survivorship bias)(21:15) - The importance of embracing failure and creating a safe space for experimentation(23:34) - Kelsey's experience as the longest-standing product leader at Landing (in jest)(24:29) - The importance of creating a safe space for product development(25:12) - The reality of failure and success rates in product development(25:28) - Transitioning from Engineer to Product Leader(28:34) - The Danger of Saying No in Product Management (29:03) - Creative Strategies for Handling Feature Requests (32:18) - Building Relationships with Stakeholders (34:33) - The Importance of Business and Customer Focus(36:09) - Problem-Solving as a Core Skill (36:58) - The Value of Customer Research (38:21) - Learning from Mistakes

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics
400. Unveiling Survivorship Bias: How It Shapes Business Decisions (Refreshed Episode)

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

Play Episode Listen Later Jun 10, 2024 28:13


Welcome to the 400th episode of The Brainy Business podcast! In this milestone episode, Melina Palmer delves into the intriguing concept of survivorship bias, a critical thinking error that can significantly impact decision-making in business and personal life. Through engaging storytelling, Melina takes us back to World War II to uncover the origins of this concept and how it played a crucial role in military strategy.  She then brings the concept into contemporary contexts, illustrating how survivorship bias leads us to overvalue success stories while ignoring the vital lessons from failures. This episode not only celebrates our podcast's journey but also equips you with practical insights to recognize and overcome survivorship bias in your ventures. Join Melina as she explores this bias's profound implications on entrepreneurship, business strategies, and everyday decisions, helping you make more informed choices.  In this episode: Understand how survivorship bias impacts business success and decision-making. Explore the powerful influence of behavioral economics on shaping strategic choices in business. Discover effective strategies to overcome survivorship bias and drive more informed decision-making. Differentiate between correlation and causation in business strategies to make more impactful choices. Uncover the success factors that extend beyond survivorship bias and drive sustained business growth. Show Notes: 00:00:00 - Introduction Melina introduces the concept of survivorship bias and its relevance to business decisions. She emphasizes the impact of this bias on entrepreneurs and its influence on decision-making in various roles across industries. 00:04:08 - Abraham Wald and World War Two Melina delves into the story of Abraham Wald, a mathematician who discovered survivorship bias during World War Two. She highlights the significance of Wald's analysis of bullet holes on planes and the crucial insights it provided on reinforcing strategic spots. 00:09:16 - The Fallacy of Survivorship Bias The discussion focuses on the fallacy of survivorship bias in seeking advice for success. Melina provides examples of how survivorship bias leads to misconceptions about causation and correlation, using narratives of successful individuals as illustrations. 00:11:31 - Business Applications of Survivorship Bias Melina explores the business applications of survivorship bias and its implications for decision-making. She emphasizes the complexity of success and the dangers of assuming a one-size-fits-all approach based on survivorship bias. 00:13:56 - Correlation vs. Causation The conversation delves into the distinction between correlation and causation, highlighting the misconceptions that arise from survivorship bias. Melina illustrates the importance of discerning causation for making informed decisions in business and life. 00:15:46 - Survivorship Bias in Conclusions Not all successful CEOs wake up at 05:00 a.m. Correlation doesn't imply causation. It's important to consider all data points and not draw conclusions based on one aspect. 00:16:21 - Success and Failure in Publishing For every popular book, there are a million unsuccessful books and authors. It takes trial and error and hard work to succeed. Learn from others' experiences and determine what works for your goals. 00:18:07 - The Illusion of the Best Product The best products don't always lead the market. Being the best or first doesn't guarantee success. Look at all possible data points and consider what's missing for your business venture. 00:19:55 - Customer Feedback and Satisfaction Customer satisfaction surveys may not capture all feedback. Consider the concerns of those who didn't choose your business. Look beyond extreme examples and aim for a complete data set for feedback. 00:23:49 - Openness to Unexpected Findings Be open to the things you aren't looking for. Anomalies and unconventional ideas could lead to valuable insights. Consider reframing questions and exploring untested areas to avoid survivorship bias. 00:24:48 - Conclusion What stuck with you while listening to the episode? What are you going to try? Come share it with Melina on social media -- you'll find her as @thebrainybiz everywhere and as Melina Palmer on LinkedIn. Thanks for listening. Don't forget to subscribe on Apple Podcasts or Android. If you like what you heard, please leave a review on iTunes and share what you liked about the show.  I hope you love everything recommended via The Brainy Business! Everything was independently reviewed and selected by me, Melina Palmer. So you know, as an Amazon Associate I earn from qualifying purchases. That means if you decide to shop from the links on this page (via Amazon or others), The Brainy Business may collect a share of sales or other compensation. Let's connect: Melina@TheBrainyBusiness.com The Brainy Business® on Facebook The Brainy Business on Twitter The Brainy Business on Instagram The Brainy Business on LinkedIn Melina on LinkedIn The Brainy Business on Youtube Learn and Support The Brainy Business: Check out and get your copies of Melina's Books.  Get the Books Mentioned on (or related to) this Episode: How to Change, by Katy Milkman What Your Employees Need and Can't Tell You, by Melina Palmer Alchemy, by Rory Sutherland The Invisible Gorilla, by Christopher Chabris and Daniel Simons Nobody's Fool, by Christopher Chabris and Daniel Simons Top Recommended Next Episode: David McRaney Interview (ep 336) Already Heard That One? Try These:  Hindsight Bias (ep 167) What Your Employees Need and Can't Tell You (ep 225) Jonah Berger Interview (ep 301) Warren Berger Interview (ep 340) Cass Sunstein Interview (ep 371) Other Important Links:  Brainy Bites - Melina's LinkedIn Newsletter What Every Founder Needs to Know About Survivorship Bias Why It's So Hard To Succeed – The Survivorship Bias You are missing something! – Survivorship bias 7 Lessons on Survivorship Bias that Will Help You Make Better Decisions How the Survivor Bias Distorts Reality Survivorship Bias: The Tale of Forgotten Failures Missing what's missing: How survivorship bias skews our perception The College Dropout Problem Hilarious Graphs Prove That Correlation Isn't Causation The 10 Most Bizarre Correlations

The Proof with Simon Hill
Beating food addictions | Dr Jud Brewer

The Proof with Simon Hill

Play Episode Listen Later Jun 4, 2024 102:48


Episode #316. Overeating is not your fault. But it is in your control – just not in the way you might think. Learn how to overcome food addiction in this conversation with psychiatrist, neuroscientist, and self-mastery expert, Dr Jud Brewer. Learn Dr Brewer's secret to gaining control over your eating habits (and no, it's not willpower). Discover why we overeat, the reason you can't break bad habits, and how to take back your power over food as we unpack the science of behavioural change. Specifically, we discuss: Introduction: Understanding the Brain and Habit Formation (00:13) Key Elements of Habit Formation (02:55) The Brain's Role in Decision-Making and Habit Change (10:02) The Impact of Awareness and Mindfulness on Habit Change (14:58) Analysing Eating Habits and the Food Environment (24:35) Survivorship Bias in Successful Habit Change (27:36) Emotional Eating and Coping Mechanisms (31:17) Addressing Guilt, Shame, and Systemic Failures (36:24) Environmental Influences on Eating Patterns (41:18) Breaking Negative Eating Habits: Weight Loss Journey (49:00) Effective Strategies to Stop Destructive Habits: Breathwork (58:53) The Role of Psychedelics and Meditation in Overcoming Negative Eating Habits (1:01:24) How the Brain Changes When We Modify Eating Habits (1:04:36) Pharmacology vs. Mindfulness: Which Is More Effective? (1:07:57) Practical Tips to Overcome Night Cravings (1:19:10) Measuring Success in Habit Change (1:28:50) Debunking the 21-Day Habit Formation Myth (1:34:51) Conclusion and Final Thoughts (1:35:54) Connect with Dr Jud Brewer on Instagram, Twitter/X, YouTube, and Threads. Learn more about Dr Brewer on his website, https://drjud.com/, where you can also order his latest book, The Hunger Habit. This episode is brought to you by: InsideTracker If you want to improve your health, you need to measure where you're currently at. InsideTracker analyses up to 48 blood biomarkers including ApoB, LDL, HDL, A1C, and more before giving you advice to optimise your health. Get a 20% discount on your first order at insidetracker.com/simon. Sun Home Saunas Invest in your body and mind with Sun Home Saunas, pioneers in crafting premium saunas and cold plunges. Safe, effective, research-backed wellness tools to improve cardiovascular health, offer psychological benefits, and reduce muscle soreness. Head to sunhomesaunas.com/theproof for $300 off your purchase. Momentous My go-to supplement brand for protein and creatine is Momentous. Get 36% off subscriptions, and 20% off one-off purchases, by using the code LIVINGPROOF at checkout at livemomentous.com Cozy Earth Sleep better and cooler with Cozy Earth, the softest science-backed sheets on the market. With a 10-year warranty, 100-day trial period, and ethical production, Cozy Earth is my favourite easy way to improve my rest and recovery. Use code SIMON at cozyearth.com for up to 35% off. Eimele Use code SIMON at checkout for 10% off your first order. 38TERA Use code THEPROOF for a discount at checkout. WHOOP Claim your first month free on join.whoop.com/simon. Want to support the show? The best way to support the show is to use the products and services offered by our sponsors. To check them out, and enjoy great savings, visit theproof.com/friends. You can also show your support by leaving a review on the Apple Podcast app and/or sharing your favourite episodes with your friends and family. Simon Hill, MSc, BSc (Hons) Creator of theproof.com and host of The Proof with Simon Hill Author of The Proof is in the Plants Watch the episodes on YouTube or listen on Apple/Spotify Connect with me on Instagram, Twitter, and Facebook Nourish your gut with my Plant-Based Ferments Guide Download my complimentary Two-Week Meal Plan and high protein Plant Performance recipe book

Comic Lab
Survivorship Bias

Comic Lab

Play Episode Listen Later May 30, 2024 62:23


We've all heard successful creators complain that younger hopefuls "just don't want to do the hard work." They disregard the complicated nature of achieving their status and dismiss aspiring novices on the basis of one single factor. Survivorship bias is undoubtedly a result of flawed reasoning. ...But is it bad advice?Brad and Dave discuss survivorship bias in the creative community and its impact on success. They acknowledge that survivorship bias exists but argue that it is not the sole determinant of success. They emphasize the importance of hard work, honing skills, and making adjustments based on feedback. They also discuss external factors that can impact a creative career, such as personal circumstances and societal biases. The hosts share their own experiences and offer advice for aspiring creators. In this part of the conversation, the hosts discuss the importance of perseverance and being consistent in order to achieve success in comics.Also, they also address the question of working below one's artistic skill level and offer advice on finding a style that balances speed and quality. The hosts then share their thoughts on the transition from traditional to digital art, including the benefits and drawbacks of each. Finally, they discuss the value of selling original art and the potential challenges of leaving a legacy through physical artwork.ON TODAY'S SHOWSurvival biasWorking below your artistic skill levelLeaving original art in favor of digitalCHAPTERS00:00:00Introduction: Dumpster Pools in Philadelphia00:05:37Chapter 1: Understanding Survivorship Bias00:13:06Chapter 2: The Importance of Hard Work and Skill Development00:22:52Chapter 4: Challenging Survivorship Bias and Acknowledging Others' Struggles00:26:57Chapter 5: Advice for Aspiring Creators: Listen, Learn, and Adapt00:31:03Perseverance and Consistency00:34:31Working Below Your Skill Level00:46:24Transition to Digital Art00:48:08Selling Original Art00:56:29Leaving a Legacy Through ArtworkTAKEAWAYSSurvivorship bias exists in the creative community, but it is not the only factor that determines success.Hard work, honing skills, and making adjustments based on feedback are crucial for success.External factors, such as personal circumstances and societal biases, can impact a creative career.It is important to be aware of survivorship bias and not dismiss the challenges faced by others.Listening to advice from experienced creators and being open to course corrections can increase the chances of success. Perseverance and consistency are key to achieving success in comics.Finding a balance between speed and quality is important when working below your artistic skill level.Transitioning from traditional to digital art offers benefits in terms of control and quality.Selling original art can be a way to generate income and share your work with others.Leaving a legacy through physical artwork may not always be practical or desired by loved ones. You get great rewards when you join the ComicLab Community on Patreon$2 — Early access to episodes$5 — Submit a question for possible use on the show AND get the exclusive ProTips podcast. Plus $2-tier rewards.Brad Guigar is the creator of Evil Inc and the author of The Webcomics Handbook. Dave Kellett is the creator of Sheldon and Drive.

Passion for Craft Podcast
Survivorship Bias

Passion for Craft Podcast

Play Episode Listen Later May 24, 2024 47:41


Are we just fans of old architecture because of what has survived? Have beautiful bad homes just not survived and thats why we are where we are today? What will be said about this generation of homes?

Podcast Notes Playlist: Latest Episodes
#050 - Fooled by Randomness: Nassim Taleb (Incerto Series)

Podcast Notes Playlist: Latest Episodes

Play Episode Listen Later Apr 29, 2024 131:03


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

Podcast Notes Playlist: Business
#050 - Fooled by Randomness: Nassim Taleb (Incerto Series)

Podcast Notes Playlist: Business

Play Episode Listen Later Apr 29, 2024 131:03


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

Oxide and Friends
Data Visualization

Oxide and Friends

Play Episode Listen Later Mar 15, 2024 85:52


Data visualization is an important--and overlooked!--tool in the software engineer's tool belt. Bryan describes a recent journey with gnuplot while Oxide colleague, Charlie Park, shares his own experience with data visualization and Adam offers a visual analysis of Simpsons episodes. Stay tuned to the end to find out about the Oxide and Friends book club coming up in May.In addition to Bryan Cantrill and Adam Leventhal, we were joined by Oxide Colleague, Charlie Park.(00:00) - Intro (13:39) - OODA (22:30) - Back to Bryan (24:27) - Flame Graphs (28:58) - Statemap (32:39) - Minard / Tufte (44:53) - thingskatedid (46:39) - DTrace aggregations (56:06) - ParaView (01:03:08) - Simpsons IMDb (01:05:16) - Survivorship Bias (01:15:03) - Kartlytics (01:18:15) - Kartlytics sample group (01:19:11) - Wrapping up (01:22:02) - OxF book club Some of the topics we hit on, in the order that we hit them:Bryan's rad gnuplotGitHub PR with Bryan's visualizationsTuftePronunciation of "Tufte" is /ˈtʌfti/Flame Graphsflamegraph-rsOODAThis American Life: A Little Bit of KnowledgeStatemapsMinard's diagramhttps://twitter.com/thingskatedid/status/1386077306381242371plot.awkVisualizing regular expressions and BNF grammars with GraphvizExample implementations of isvg and idotDTrace aggregationsRust crate ratatuiPrograms and libraries for plotting and other data visualizations:gnuplotMatplotlibggplot2ParaViewGLVisSimpsons IMDB visualizationAbraham Wald and the airplane diagram with red bullet holes – here's the origin storyKartlyticsHow Life Works by Philip BallIf we got something wrong or missed something, please file a PR! Our next show will likely be on Monday at 5p Pacific Time on our Discord server; stay tuned to our Mastodon feeds for details, or subscribe to this calendar. We'd love to have you join us, as we always love to hear from new speakers!

Wiki University
But why does a cat land on it's feet?

Wiki University

Play Episode Listen Later Mar 6, 2024 34:29


We all know that cats land on their feet, but WHY do they land on their feet? Why does it seem like older buildings were better than the buildings of today? Why did Russian scientists shoot a stray dog named Laika into space? Kyle and Jheisson answer these questions and more as the glide down the rabbit hole of Wikipedia exploring the science behind falling cats, dogs and space and the phenomenon of survivorship bias. TikTok: https://www.tiktok.com/@wikiuniversity YouTube: https://www.youtube.com/channel/UCmPDDjcbBJfR0s_xJfYCUvwInstagram: https://www.instagram.com/wikiuniversity/Music provided by Davey and the Chains

Hoss & Hopf
#151 Ist Manifestieren Schwachsinn?

Hoss & Hopf

Play Episode Listen Later Mar 4, 2024 46:34


In der heutigen Episode sprechen Philip Hopf und Kiarash Hossainpour über das Gesetz der Anziehung, historische Beispiele, einer Anleitung für Manifestation sowohl der Kritik daran und den Survivorship Bias. Quellen: https://hosshopf.notion.site/Ist-Manifestieren-Schwachsinn-a5e5f99800244cf9bbe29f1d0428ca50

Filter It Through a Brain Cell
205. Survivorship Bias: Statistical Fallacies Miniseries #6

Filter It Through a Brain Cell

Play Episode Listen Later Feb 1, 2024 8:17


People use numbers to convince, persuade, and even sometimes to manipulate or fool others. This mini-series will help you recognize them! When you can recognize the foolishness, you won't get fooled by it! Want to test yourself on how well you can recognize fallacies in real life? Take the Meme Fallacy Quiz! www.filteritthroughabraincell.com/quiz Learn more about Crazy Thinkers: www.filteritthroughabraincell.com/crazy Here's how you can purchase the Logical Fallacies ebook: https://www.filteritthroughabraincell.com/offers/z6xbAcB2 Send me any questions, comments or even the fallacies you're seeing around you! think@filteritthroughabraincell.com Or, tag me on Instagram: @filteritthroughabraincell Sign up on my email list at: www.filteritthroughabraincell.com/contact To take the YouScience Talent Assessment: Website: https://www.wellspentsolutions.com/discoverregistration Get 20% off with discount code FILTERIT20 Thank you to our sponsor, CTC Math! Website: https://www.ctcmath.com/?tr_id=brain Homeschool page: https://www.ctcmath.com/how-it-works/home-school?tr_id=brain Free trail: https://www.ctcmath.com/trial?tr_id=brain Special offer! Get 1/2-off discounts plus bonus 6-months free! https://www.ctcmath.com/purchase/homeschool50?tr_id=BRAIN

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics
361. Mastering Confidence: Unleash Your Potential with Neuroscientist Dr. Ian Robertson

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

Play Episode Listen Later Jan 26, 2024 49:38


In this episode of The Brainy Business podcast, host Melina Palmer invites Dr. Ian Robertson, a clinical psychologist, neuroscientist, and author, to delve into the psychology of confidence. With his expertise in understanding how individuals and organizations adapt to change, Ian explores the malleability of confidence and its impact on our lives. He emphasizes that confidence is a belief that can be learned and developed, not solely determined by genetics or brain structure.  Throughout the conversation, Ian shares practical strategies for building confidence, such as setting achievable goals and reframing emotions. He also discusses the role of leaders in fostering collective confidence within teams and highlights the importance of vulnerability, trust-building, and open communication. By understanding the psychology of confidence and implementing the strategies discussed, individuals can boost their confidence and empower themselves in both personal and professional settings. In this episode: Discover the psychology behind confidence and unlock your true potential. Embrace failure as a valuable learning tool to achieve personal and professional growth. Learn how to reframe your emotions to enhance performance and achieve your goals. Start building your confidence one small step at a time and witness the positive impact in your life. Explore the power of collective confidence in leadership and its impact on teams and organizations. Show Notes: 00:00:00 - Introduction, In this episode, Melina Palmer introduces Dr. Ian Robertson, a clinical psychologist and author of How Confidence Works. They discuss the significance of confidence in shaping individuals' lives and how it can be learned and developed. 00:03:05 - Mind vs. Brain Ian explains the difference between the mind and the brain, using the analogy of hardware and software in a computer. While the brain is the physical structure, the mind refers to the software that shapes our thoughts, behaviors, and emotions. He emphasizes that the mind and brain are interconnected and that changes in the mind can have significant effects on the brain. 00:07:33 - The Impact of Confidence on Success Ian discusses the long-term consequences of confidence, using the example of two five-year-old girls with similar abilities. Even a slight difference in confidence can lead to divergent paths and advantages later in life. Confidence not only boosts individual performance but also influences relationships and social dynamics. 00:10:11 - Building Confidence While sudden shifts in confidence, as portrayed in movies, are rare, Ian explains that confidence is built through specific behaviors and tangible successes. The process involves setting proximal goals, gradually stretching oneself, and experiencing a sense of achievement. Slow progress and small successes form the foundation for increased confidence. 00:17:22 - The Benefits of Failure Failure is a better teacher than success as it allows for reflection and learning. Failure can be a threat to the ego, but adopting a growth mindset can help in addressing and learning from failures. 00:18:59 - The Importance of Self-Reflection Self-reflection is crucial for learning from failure. By analyzing the causes of failure, one can gain insights and make improvements in various areas such as skills development, time management, and market understanding. 00:20:15 - Taking Action Despite Failure Taking action in spite of failure builds confidence and resilience. By embracing failure as a friend and focusing on the process rather than negative self-scrutiny, one can overcome the fear of failure and continue moving forward. 00:21:41 - Shifting Perspectives and Emotions Emotions such as anxiety and excitement have similar physical responses in the body. By reframing anxiety as excitement, one can change their mindset from a threat to a challenge. This shift in perspective can improve performance and boost confidence. 00:27:44 - Overcoming Anxiety and Building Confidence Overcoming anxiety by taking action in spite of it can lead to increased confidence. Treating anxiety as an arousal rather than a negative emotion allows one to harness it and focus on internal goals, leading to a sense of accomplishment and improved performance. 00:34:32 - The Importance of Taking Action Overcoming anxiety and fear requires taking action, even when your confidence is low. Start with small steps and gradually work towards your goals. 00:35:27 - Controlling Attention for Confidence What you pay attention to determines your motivation and emotions. Focus on future success rather than possible failure. Set achievable goals and celebrate small wins along the way. 00:37:28 - Collective Confidence in Teams A confident leader can inadvertently drain the confidence of others in a group. To build collective confidence, leaders should ensure equal participation, improve emotional intelligence, and include a diverse range of perspectives. 00:40:08 - The Role of Values in Confidence Clear values shared by a group enhance cohesion and collective confidence. Leaders should foster a sense of unity and trust by promoting a common set of values among team members. 00:44:47 - Avoiding Narcissism and Practicing Humility Success is often influenced by luck and chance factors. Leaders and parents must remain humble and grateful, avoiding narcissism, to inspire and motivate others without diminishing their confidence. 00:45:36 -  Conclusion, Melina's top insights from the conversation. What stuck with you while listening to the episode? What are you going to try? Come share it with Melina on social media -- you'll find her as @thebrainybiz everywhere and as Melina Palmer on LinkedIn. Thanks for listening. Don't forget to subscribe on Apple Podcasts or Android. If you like what you heard, please leave a review on iTunes and share what you liked about the show.  I hope you love everything recommended via The Brainy Business! Everything was independently reviewed and selected by me, Melina Palmer. So you know, as an Amazon Associate I earn from qualifying purchases. That means if you decide to shop from the links on this page (via Amazon or others), The Brainy Business may collect a share of sales or other compensation. Let's connect: Melina@TheBrainyBusiness.com The Brainy Business® on Facebook The Brainy Business on Twitter The Brainy Business on Instagram The Brainy Business on LinkedIn Melina on LinkedIn The Brainy Business on Youtube Connect with Ian: His Website LinkedIn Twitter Learn and Support The Brainy Business: Check out and get your copies of Melina's Books.  Get the Books Mentioned on (or related to) this Episode: How Confidence Works, by Ian Robertson The Winner Effect, by Ian Robertson Think Faster, Talk Smarter, by Matt Abrahams The Truth About Pricing, by Melina Palmer What Your Employees Need and Can't Tell You, by Melina Palmer Top Recommended Next Episode: DOSE Brain Chemicals (ep 360) Already Heard That One? Try These:  Framing (ep 296) Imposter Syndrome (ep 306) Bundling Offers (ep 354) How to Pitch Your Business (ep 326) Matt Abrahams Interview (ep 327) Optimism Bias (ep 34) Focusing Illusion (ep 330) Priming (ep 252) Counterfactual Thinking (ep 286) Prefactual Thinking (ep 232) Survivorship Bias (ep 110) Chris Rawlinson Interview (ep 193) Vulnerability Loops (ep 229) Other Important Links:  Brainy Bites - Melina's LinkedIn Newsletter

First Cup of Coffee with Jeffe Kennedy
First Cup of Coffee - January 26, 2024

First Cup of Coffee with Jeffe Kennedy

Play Episode Listen Later Jan 26, 2024 21:26 Transcription Available


Defining success, tips on how not to go crazy as a creator, why I think competition is bad for us, navigating toxic positivity, why being told "no," AKA rejection, is so very good for us, and thinking about career paths long term.Join my Patreon and Discord for mentoring, coaching, and conversation with me! Find it at https://www.patreon.com/JeffesClosetYou can always buy print copies of my books from my local indie, Beastly Books! https://www.beastlybooks.com/If you want to support me and the podcast, click on the little heart or follow this link (https://www.paypal.com/paypalme/jeffekennedy).Sign up for my newsletter here! (https://landing.mailerlite.com/webforms/landing/r2y4b9)You can watch this podcast on video via YouTube https://youtu.be/cxtN6VHbAiISupport the showContact Jeffe!Tweet me at @JeffeKennedyVisit my website https://jeffekennedy.comFollow me on Amazon or BookBubSign up for my Newsletter!Find me on Instagram and TikTok!Thanks for listening!

406 台中市北屯區太原路三段150巷8弄15號
EP.226《幸運的科學》_『這個遊戲有必勝法。』

406 台中市北屯區太原路三段150巷8弄15號

Play Episode Listen Later Jan 19, 2024 118:09


【片頭業配|歐馬克業配引書店|感謝歐馬克|這個世界的背後有真實嗎?】 【健康業配|方便的話,去打流感疫苗】 ※ 世界上真的有運氣嗎? 才華洋溢,加上努力不懈 就會得到(或接近)幸福嗎? - 本集從一個科學實驗為軸 綜合討論運氣的成因 以及厄運的簡易排除法 - 機會+努力+才能 堅持+熱情+樂觀 一整集的老生常談 但,希望聽眾不要錯過 任何讓自己過得更好的些微可能。 來聽聽看吧! ※ 《幸運的科學:為什麼有些人的運氣總是特別好?普林斯敦高等研究院「運氣實驗室」為你解開「幸運」的秘密》 讀墨電子書|https://moo.im/a/beovWZ 博客來商城|https://reurl.cc/N4yvDe ※ (00:00:41) 感謝歐馬克|這個世界的背後有真實嗎? (00:05:57) 世上真的有運氣嗎? (00:08:54) 老高|人生攻略 (00:18:03) 運氣=機會+努力+才能 (00:24:46) 倖存者偏差 Survivorship Bias (00:27:26) 《幸運的配方》 (00:29:47) (一)發現一條不一樣的路 (00:36:21) (二)那條路可以走,且我想走 (00:55:23) (三)去走路 (01:00:20) 幸運的孩子,就是快樂的孩子 (01:03:04) (四)保持堅持、熱情、樂觀 (01:11:54) 《養成好習慣》 (01:15:49) 逆向履歷法 (01:18:30) (五)相信自己是幸運的 (01:27:05) EP6《階級世代》、EP119《童年情感忽視》 (01:34:28) 承接運氣的能力

Kickoff Sessions
#200 Sahil Bloom – 5 Steps To Improve Your Health, Wealth & Relationships

Kickoff Sessions

Play Episode Listen Later Jan 17, 2024 81:01 Transcription Available


Today we hit episode 200 of Kickoff Sessions after 3+ years in the arena. We're sitting down with Sahil Bloom - Founding Partner at $10M fund SRB Ventures, an angel investor in more than 30 companies, and viral content creator with his Twitter following growing from 0 to nearly 1 million followers in just 2 years.We delve into an array of topics centered around personal and professional growth. Sahil shares insights on various types of wealth, dispels common myths about wealth, and outlines effective strategies for online business and overcoming failure while emphasizing on the role of daily habits in this journey.We also discuss effective management of friendships and relationships, alongside practical advice on productivity, efficient hard work, and time management. Sahil explores the delicate balance between contentment and ambition, sheds light on survivorship bias, and the art of capitalizing on opportunities.Make sure you watch till the end as Sahil Bloom Reveals 5 Steps To Improve Your Wealth, Health & Relationships.If you enjoyed this conversation with Sahil, make sure you rate us on Spotify and Apple Podcast so we can bring bigger and better guests for you.Sahil's SocialsLinkedIn: https://www.linkedin.com/sahilbloomTwitter: https://twitter.com/SahilBloomMy Socials:Instagram: https://bit.ly/3LFbEgELinkedIn: https://bit.ly/3FCS3JATwitter: https://bit.ly/3ExJ26Z⏺️ Voics: https://www.voics.co/

PRODUCTIVITY
Do Not Fall For Survivorship Bias When Taking Advice

PRODUCTIVITY

Play Episode Listen Later Dec 17, 2023 3:22


Survivorship Bias is a cognitive shortcut that occurs when a successful subgroup is mistaken as the entire group, due to the invisibility of the failure subgroup.Learn how to avoid it when you take advise so you don't make a mistake. CONNECT WITH US Claim Your Weekly EDGE Newsletter to Boost Your Productivity. It's FREE!Over 24,225 listeners and counting!-> https://edge.ck.page/bea5b3fda6 If you have an amazing productivity tool or app that will make people more productive please reach out to us at b at brandon c white dot com OTHER GREAT PODCASTS ON THE BEST PODCASTS NETWORK How to Write a Business Plan Podcasthttps://businessplan.buzzsprout.com Owning a Business Podcasthttps://owningabusiness.buzzsprout.com MARKETING Podcast https://PodcastOnMarketing.com The Brandon White Showhttps://myedgepodcast.com Thanks for listening to the productivity podcast!

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics
349. Unlocking Success Through Collaboration: Insights from Priscilla McKinney

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

Play Episode Listen Later Dec 15, 2023 49:20


In this episode of The Brainy Business podcast, you will learn from Priscilla McKinney about the power of collaboration in business. Priscilla emphasizes the mindset shift required for successful collaborations. She highlights the importance of embracing different perspectives, being prepared for unexpected situations, and thinking on your feet. Priscilla also discusses the value of connections and networking, sharing her own collaboration with host Melina Palmer at an event. They demonstrate that collaboration can exist even among competitors, bringing unique perspectives and ideas to the table.  Priscilla's book, Collaboration is the New Competition, provides practical guidance on fostering collaboration within organizations. By shifting from competition to collaboration, businesses can thrive in today's interconnected world. Key takeaways include understanding people's behavior in marketing, the value of collaboration in business success, the power of networking, and the need for differentiation. This engaging and thought-provoking conversation highlights collaboration as a key driver of innovation, growth, and success in business. In this episode: Enhance collaboration and foster partnerships for increased business success. Unlock the power of mindset to drive effective collaboration. Build valuable connections through strategic networking. Shift from scarcity to abundance mindset for greater collaboration opportunities. Harness the power of differentiation to drive successful collaborations. Show Notes: 00:00:00 - Introduction, Introduction to the episode and guest, Priscilla McKinney, who is the author of Collaboration is the New Competition. 00:02:06 - Background and Expertise Priscilla shares her background as the CEO of Little Bird Marketing and her experience in anthropology. She emphasizes the importance of understanding people and culture in marketing. 00:05:01 - Personal Experiences and Cultural Anthropology Priscilla discusses how her personal experiences as a missionary's child and living in different countries shaped her understanding of collaboration, culture, and the importance of getting along. 00:07:39 - Collaboration and Marketing Priscilla explains the connection between collaboration, marketing, behavioral science, and cultural anthropology. She highlights the role of collaboration in building strong relationships and achieving success in business. 00:09:52 - Origin of Collaboration The discussion revolves around Melina's collaboration with Maru Group and Protobrand, where Will Leach connected her as the MC. They emphasize the value of collaboration and how it can overcome competition. 00:16:09 - The Value of Collaboration Priscilla discusses the value of collaboration and how her early experiences in the credit union industry taught her the importance of cooperation and sharing ideas. She emphasizes the abundance mindset and the willingness of credit unions to help each other thrive. 00:17:30 - The Power of Networking Priscilla and Melina highlight their shared experiences in the banking and credit union industry. They highlight the importance of surrounding yourself with like-minded people who are willing to collaborate and share knowledge. Priscilla emphasizes the cooperative nature of the market research industry. 00:18:57 - Opening Minds to Collaboration Priscilla encourages readers to open their minds to collaboration and challenges them to rethink their previous experiences with it. She suggests that what people may have considered collaboration in the past may not have been true collaboration. She invites readers to give it another try. 00:20:21 - Collaboration Gone Wrong Priscilla discusses the common pitfalls of collaboration, using the example of a group project in which one student ends up doing all the work while others take credit. She emphasizes the need for equity, transparency, and a desire to win for true collaboration to occur. 00:24:24 - The Framework for Collaboration Priscilla outlines the three essential elements for successful collaboration: having something to lose and gain, being transparent and open, and having a desire to win for the benefit of all involved. 00:30:49 - Moving from Scarcity to Abundance Mindset Priscilla discusses the importance of shifting from a scarcity mindset to an abundance mindset. Instead of always trying to get their way, she encourages a mindset of helping others and believing that everyone can achieve their goals. 00:31:26 - Itchy Backs - Cultivating a Helping Mindset Priscilla explains the concept of "itchy backs," where you focus on meeting the needs of others. By being aware of what others need and offering help, you can build strong relationships and collaboration opportunities. 00:34:31 - The Rule of 15 - Inspiring Collaboration Priscilla introduces the Rule of 15, which emphasizes the importance of creating content that inspires collaboration. Building relationships takes time, and it's essential to pay it forward and show genuine interest in others before expecting collaboration opportunities. 00:35:53 - LinkedIn Cocktail Party - Shifting Mindset Priscilla suggests thinking of LinkedIn as an online cocktail party rather than just a social media platform. She highlights the importance of showing up correctly, curating a great guest list, and being a good conversationalist to build meaningful connections. 00:38:59 - Avoiding Pitch Slapping - Building Relationships Priscilla discusses the negative impact of pitch-slapping, where people immediately try to sell or pitch their services without building a relationship first. She encourages being mindful of etiquette and building relationships before asking for anything. 00:44:49 - Collaboration and Feedback on the Book Priscilla discusses her book and invites Melina to read it and provide feedback for the second edition. They encourage listeners to connect with Priscilla on LinkedIn and check out her website to get a copy of the book and share it with others. 00:45:17 - Continued Collaboration and Friendship Melina expresses her enjoyment of talking with Priscilla and their ongoing collaboration. Priscilla is referred to as a friend of the podcast forever, and Melina offers her support for any future collaborations. 00:45:47 - Supporting the Podcast Priscilla encourages listeners to give an amazing rating to the Brainy Business podcast as a way to support Melina and help more people find the show. She emphasizes the importance of leading with giving and suggests this as a good deed for the day. 00:46:19 - Treating LinkedIn Like a Cocktail Party Melina recalls Priscilla's session at the IIEX Europe Conference where she talked about treating LinkedIn like a cocktail party. She mentions the relatability and engagement of the session and expresses her excitement about discussing it in Priscilla's book. 00:47:11 -  Conclusion, Melina's top insights from the conversation. What stuck with you while listening to the episode? What are you going to try? Come share it with Melina on social media -- you'll find her as @thebrainybiz everywhere and as Melina Palmer on LinkedIn. Thanks for listening. Don't forget to subscribe on Apple Podcasts or Android. If you like what you heard, please leave a review on iTunes and share what you liked about the show.  I hope you love everything recommended via The Brainy Business! Everything was independently reviewed and selected by me, Melina Palmer. So you know, as an Amazon Associate I earn from qualifying purchases. That means if you decide to shop from the links on this page (via Amazon or others), The Brainy Business may collect a share of sales or other compensation. Let's connect: Melina@TheBrainyBusiness.com The Brainy Business® on Facebook The Brainy Business on Twitter The Brainy Business on Instagram The Brainy Business on LinkedIn Melina on LinkedIn The Brainy Business on Youtube Connect with Priscilla: Priscilla's Website    PRISCILLA ON LINKEDIN PRISCILLA ON TWITTER Learn and Support The Brainy Business: Check out and get your copies of Melina's Books.  Get the Books Mentioned on (or related to) this Episode: Collaboration is the New Competition, by Priscilla McKinney What Your Customer Wants and Can't Tell You, by Melina Palmer You're Invited, by Jon Levy Think Faster, Talk Smarter, by Matt Abrahams Influence, by Robert Cialdini Top Recommended Next Episode: You're Invited, with Jon Levy (ep 348) Already Heard That One? Try These:  Anthropology, Behavioral Economics, and Marketing, with Priscilla McKinney (ep 196) The Power of Us, with Dominic Packer (ep 304) For The Culture, with Marcus Collins (ep 305) Vulnerability Loops (ep 229) Anchoring (ep 11) Reciprocity (ep 238) Influence, with Robert Cialdini (ep 312) Think Faster, Talk Smarter, with Matt Abrahams (ep 327) Marketing to Mindstates, with Will Leach (ep 88) Survivorship Bias (ep 110) Focusing Illusion (ep 330) Both/And Thinking, with Wendy Smith (ep 261) Framing (ep 296) Scarcity (ep 270) The Fun Habit with Mike Rucker (ep 251) The Human Experience, with John Sills (ep 277) The Science of Connection, with Nick Epley (ep 265) Other Important Links:  Brainy Bites - Melina's LinkedIn Newsletter LITTLE BIRD MARKETING WEBSITE Women In Research website LittleBirdMarketing.com/Resources

Eye On A.I.
#158 Connor Leahy: The Unspoken Risks of Centralizing AI Power

Eye On A.I.

Play Episode Listen Later Nov 29, 2023 62:16


This episode is sponsored by Netsuite by Oracle, the number one cloud financial system, streamlining accounting, financial management, inventory, HR, and more. Download NetSuite's popular KPI Checklist, designed to give you consistently excellent performance - absolutely free at NetSuite.com/EYEONAI   On episode 158 of Eye on AI, host Craig Smith dives deep into the world of AI safety, governance, and open-source dilemmas with Connor Leahy, CEO of Conjecture, an AI company specializing in AI safety. Connor, known for his pioneering work in open-source large language models, shares his views on the monopolization of AI technology and the risks of keeping such powerful technology in the hands of a few. The episode starts with a discussion on the dangers of centralizing AI power, reflecting on OpenAI's situation and the broader implications for AI governance. Connor draws parallels with historical examples, emphasizing the need for widespread governance and responsible AI development. He highlights the importance of creating AI architectures that are understandable and controllable, discussing the challenges in ensuring AI safety in a rapidly evolving field. We also explore the complexities of AI ethics, touching upon the necessity of policy and regulation in shaping AI's future. We discuss the potential of AI systems, the importance of public understanding and involvement in AI governance, and the role of governments in regulating AI development. The episode concludes with a thought-provoking reflection on the future of AI and its impact on society, economy, and politics. Connor urges the need for careful consideration and action in the face of AI's unprecedented capabilities, advocating for a more cautious approach to AI development. Remember to leave a 5-star rating on Spotify and a review on Apple Podcasts if you enjoyed this podcast.   Stay Updated:   Craig Smith Twitter: https://twitter.com/craigss Eye on A.I. Twitter: https://twitter.com/EyeOn_AI   (00:00) Preview (00:25) Netsuite by Oracle (02:42) Introducing Connor Leahy (06:35) The Mayak Facility: A Historical Parallel (13:39) Open Source AI: Safety and Risks (19:31) Flaws of Self-Regulation in AI (24:30) Connor's Policy Proposals for AI (31:02) Implementing a Kill Switch in AI Systems (33:39) The Role of Public Opinion and Policy in AI (41:00) AI Agents and the Risk of Disinformation (49:26) Survivorship Bias and AI Risks (52:43) A Hopeful Outlook on AI and Society (57:08) Closing Remarks and A word From Our Sponsors  

Clipping Chains Podcast
Uncertainty Is Forever (And That's Good News)

Clipping Chains Podcast

Play Episode Listen Later Nov 6, 2023 16:22


Uncertainty is a fact of life, yet we yearn for known outcomes. Every day we make decisions. Some decisions are small and inconsequential, while others are profound and life-altering. Sometimes events happen regardless of our decisions. And above it all and looming like a nervous wind is uncertainty. Uncertainty is forever.But those who learn to sit with and embrace uncertainty are resilient and innovative. Those who try to fight uncertainty spend more money and live with less contentment. Support this project: Buy Me a CoffeeGet the newsletter: SUBSCRIBE ME!Show Notes and Links at Clippingchains.com

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics
336. Unlocking Minds: Understanding the Power of Perception - David McRaney (Refreshed Episode)

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

Play Episode Listen Later Oct 30, 2023 57:07


In this episode of The Brainy Business podcast, you'll hear a fascinating conversation between host Melina Palmer and guest David McRaney. They delve into the power of perception and how our minds construct reality. David shares his journey of discovering the topic of perception while researching for his book. The discussion explores how our prior experiences and brain processes influence our perception, and how our perception can vary greatly based on individual differences. By understanding the power of perception, you'll gain valuable insights that can enhance your content creation and improve your understanding of how we construct our reality. So, join Melina and David on this thought-provoking episode to expand your knowledge and gain a new perspective on perception. In this episode: Discover the science behind psychology and behavior change. Explore the power of perception and how our minds construct reality, revealing the impact it has on our thoughts, feelings, and actions. Understand the intricacies of belief change and gain practical strategies for effectively changing minds and transforming perspectives. Bonus: Learn expert tips for conducting interviews and securing interesting guests to keep your podcast episodes compelling and informative. Show Notes: 00:00:00 - Introduction, Melina Palmer introduces this episode, featuring a conversation with David McRaney about his book "How Minds Change." She explains that the book explores the psychology of changing minds and discusses why she chose to feature this episode. 00:02:32 - David McRaney's Background, David shares his background, from owning businesses to working in journalism and local television. He talks about starting his blog, You Are Not So Smart, which led to a book deal and a successful podcast. He mentions his interest in biases, fallacies, and critical thinking. 00:05:00 - Overview of How Minds Change, David introduces his book, How Minds Change, which explores the psychology of changing opinions, persuasion, and social change. He discusses his fascination with understanding conspiratorial thinking, resistance to change, and misinformation. 00:07:59 - Advice for Discerning Pursuits, David advises against jumping into trends and suggests pursuing topics that spark a deep curiosity and obsession. He recommends exploring areas that you want to share with others and that drive you to learn more. 00:10:53 - Importance of Following an Obsession, David emphasizes the importance of following an obsession and delving deep into a topic of interest. He shares his personal experience with his blog, You Are Not So Smart, and how his curiosity led to the success of his book and podcast. 00:14:02 - The Importance of Enthusiasm and Passion in Podcasts, David discusses how he can quickly tell if a podcast is just following an algorithm, and emphasizes the importance of infectious enthusiasm and passion in keeping listeners engaged. 00:14:30 - The Need for Genuine Interest in Writing a Book, David's agent stresses the importance of genuine passion and commitment when pitching book ideas, and he agrees that he prefers to embark on a book project without all the answers, allowing the authoritative voice to emerge naturally. 00:15:17 - McRaney's Approach to Writing a Book, As a journalist, David believes that his books are better when his authoritative voice develops throughout the project, taking readers on a journey of discovery and learning alongside him. 00:18:04 - Behavioral Baking and Connecting with the Audience, David shares his experience with introducing a cookie segment on his podcast, where he would bake cookies and share them with his audience. While some loved it, others were not as enthusiastic, leading David to retire the segment after 100 episodes. Melina discusses his concept of "Behavioral Baking" and how it ties into her podcast. 00:28:08 - The Power of Networking, David shares his experience of reaching out to experts at NYU and how it led to valuable connections and collaborations for his podcast and book projects. 00:29:33 - The Fascination with the Dress, David discusses the viral phenomenon of "the dress," an image that appeared on the internet and sparked intense debate over its colors. He explains how this event became a touchstone for understanding disagreements and perception. 00:31:35 - The Importance of Curiosity, David emphasizes the importance of curiosity and asking questions when networking and conducting interviews. He shares advice from a seasoned journalist on always coming back with multiple story ideas to avoid writer's block. 00:32:45 - The Dress Phenomenon Explained, McRaney delves into the psychology and neuroscience behind the dress illusion. He explains how the brain processes overexposed images and how this can lead to different color perceptions. He references the strawberries illusion as another example. 00:43:09 - Going Beyond Right and Wrong, Engaging in arguments over who is right and who is wrong prevents deeper conversations about why people hold different interpretations. This applies to various disagreements and limits our understanding of ourselves and others. 00:45:25 - The Croc Experiment, The croc experiment demonstrated the surf pad concept by showing that people's prior experiences influenced how they perceived the color of crocs and socks under different lighting conditions. This bizarre experiment highlights the complexity of perception and how it varies among individuals. 00:49:36 - Minds Changing on Same-Sex Marriage, The shift in attitudes towards same-sex marriage challenged the notion that people can't change their minds. Understanding what happens in a person's brain when they no longer agree with their past beliefs became the focus of investigation. 00:51:28 - How to Change Minds, Changing minds requires moving away from a confrontational approach and towards compassionate listening. Brute-forcing facts on others doesn't work; instead, engaging in non-judgmental conversations that allow for understanding can lead to effective persuasion. 00:55:43 - Conclusion, Melina's top insights from the conversation. What stuck with you while listening to the episode? What are you going to try? Come share it with Melina on social media -- you'll find her as @thebrainybiz everywhere and as Melina Palmer on LinkedIn. Thanks for listening. Don't forget to subscribe on Apple Podcasts or Android. If you like what you heard, please leave a review on iTunes and share what you liked about the show.  I hope you love everything recommended via The Brainy Business! Everything was independently reviewed and selected by me, Melina Palmer. So you know, as an Amazon Associate I earn from qualifying purchases. That means if you decide to shop from the links on this page (via Amazon or others), The Brainy Business may collect a share of sales or other compensation. Let's connect: Melina@TheBrainyBusiness.com The Brainy Business® on Facebook The Brainy Business on Twitter The Brainy Business on Instagram The Brainy Business on LinkedIn Melina on LinkedIn The Brainy Business on Youtube Connect with David: DAVID'S WEBSITE DAVID ON TWITTER DAVID ON LINKEDIN Learn and Support The Brainy Business: Check out and get your copies of Melina's Books.  Get the Books Mentioned on (or related to) this Episode: How Minds Change, by David McRaney You Are Not So Smart, by David McRaney You Are Now Less Dumb, by David McRaney What Your Employees Need and Can't Tell You, by Melina Palmer Look, by Christian Madsbjerg Top Recommended Next Episode: Confirmation Bias (ep 260) Already Heard That One? Try These:  Robert Cialdini and the (Now!) 7 Principles of Persuasion (ep 312) Influence Is Your Superpower with Yale's Dr. Zoe Chance (ep 189) A More Beautiful Question with Warren Berger (episode 200) Indistractible, with Nir Eyal (ep 290) Survivorship Bias (ep 110) Focusing Illusion (ep 330) Priming (ep 252) What is Behavioral Baking? (episode 155) Partitioning (ep 252) You Have More Influence Than You Think with Vanessa Bohns (ep 318) The Power of Us with Dr. Dominic Packer (ep 304) Reciprocity (ep 238) Sense Of Smell (ep 298) Sense of Sight (ep 24) Look, with Christian Madsbjerg (ep 325) A More Just Future, with Dolly Chugh (ep 247) Negativity Bias (ep 223) The Dunning Kruger Effect (ep 266) Both/And Thinking, with Wendy Smith (ep 261) Other Important Links:  Brainy Bites - Melina's LinkedIn Newsletter You Are Not So Smart Website The Dress Strawberry Illusion

Finanzfluss Podcast
#439 Survivorship Bias: Diesen Denkfehler solltest du beim Investieren vermeiden

Finanzfluss Podcast

Play Episode Listen Later Oct 26, 2023 18:40


Der Survivorship Bias kann uns unbewusst zu falschen Investmententscheidungen verleiten. In dieser Folge erklären Markus und Jule, was genau hinter dem Begriff steckt. Außerdem besprechen sie, wie der Survivorship Bias sich aufs Investieren auswirken kann und wie man sich selbst vor solchen Fehleinschätzungen schützen kann. ➡️ Zur LINKBOX (Links zu unseren Produkten und Werbepartnern): https://www.finanzfluss.de/podcast-linkbox/ ℹ️ Weitere Infos zur Folge: Video: Was taugen Themen-ETFs? https://www.youtube.com/watch?v=aWI6SivdZX0&t=241s

The Trading Psychology Podcast
Ep44: Survivorship Bias

The Trading Psychology Podcast

Play Episode Listen Later Oct 9, 2023 27:52


Have you ever had lucky or unlucky trades?  You're lying, no you haven't, and that's the lesson behind Episode 44, because this can and almost certainly has affected your trading at some point.  Will you let this bias derail everything you do?  For some traders, it already has.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More about Maverick Currencies: URL: https://maverickcurrencies.com/application-3-a/?utm_source=VPPodPsych   Click Here To Learn More about Maverick Trading's Stock/Options Division: URL: https://mavericktrading.com/application-3-a/?utm_source=VPPodPsych   Maverick Trading YouTube Channel: https://www.youtube.com/@mavericktrading   Robb's Flat Earth Trading Society https://www.youtube.com/@FlatEarthTradingSociety   No Nonsense Forex Links   VP's Trading Psychology Book https://nononsenseforex.com/forex-psychology-book/   Recommended Crypto Trading Platform (Bonus and Contest Eligibility) - https://nononsenseforex.com/cryptocurrencies/best-crypto-trading-platform/   Blueberry Markets Blog (Top FX Broker) - https://nononsenseforex.com/uncategorized/blueberry-markets-review-my-top-broker-for-2019/   Markets.com Blog (Other top FX Broker)- https://nononsenseforex.com/uncategorized/markets-com-review/   US Residents Go Here (Top US FX Broker)- https://nononsenseforex.com/uncategorized/ig-us-review/   Follow VP on Twitter https://twitter.com/This_Is_VP4X   The hosts of this podcast are not licensed financial advisors, and nothing heard on this podcast should be taken as financial advice.  Do your own research and understand all financial decisions and the results therein are yours and yours alone.  The host is not responsible for the actions of their sponsors and/or affiliates.  Conversely, views expressed on this podcast are that of the host only and may not reflect the views of any companies mentioned. Trading anything involves risk.  Losses can exceed deposits.

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics
326. Get Noticed: Powerful Strategies for Pitching Your Business

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

Play Episode Listen Later Sep 25, 2023 34:53


A company's success nowadays is so reliant upon pitching–whether you are looking to land a new client or get quoted in the media. Having a credible source say positive things about you and your company can be pivotal when it comes to whether your brand is going to be seen or not. That is exactly why this episode of The Brainy Business is dedicated to giving you some concise tips on how to use behavioral economics to pitch your brand. Pitching yourself can feel awkward, but when you understand the brain science it doesn't have to be, especially if you follow Melina's tips! In this episode, Melina Palmer discusses different brain biases such as social proof, authority bias, familiarity bias, and availability bias. Availability bias gets a big focus because it is one of the most critical to pitching success. You can take advantage of it by predicting and paying attention to trends and finding a way to offer people a fresh perspective on them. The episode closes with three key points to keep in mind when pitching: (1) keep it short (2) be happy with your language and (3) follow directions. This is just scratching the surface of what you'll get in this episode, one of the top 10 downloaded episodes of The Brainy Business of all time. Listen now to learn how to use behavioral economics to successfully pitch yourself and your business… In this episode: Gain knowledge on crafting compelling business pitches that seize opportunities. Unearth techniques to fight self-doubt, imposter syndrome, and potential slants in your business pitches. Learn how to leverage social proof to boost business credibility, attracting a wider customer base. Learn to spot niche perspectives and fresh ideas that attract media attention for your business. Understand why it is important to plan ahead much further than you think is necessary, with tips for how to get started immediately. Show Notes: 00:00:00 - Introduction, Melina Palmer introduces the episode, which focuses on how to successfully pitch your business. She mentions that pitching can be uncomfortable and discusses the brain biases that often hold people back from pitching themselves. 00:03:12 - Overcoming Biases and Procrastination, Melina acknowledges that pitching oneself can be challenging and discusses how various brain biases, such as imposter syndrome and the focusing illusion, can hinder the pitching process. She encourages listeners to focus on the positive aspects and prioritize pitching as a goal. 00:08:27 - The Importance of Pitching, Melina explains the three main benefits of pitching the media: social proof, familiarity bias, and availability bias. She emphasizes the value of social proof and how being featured in the media can enhance credibility and trust in your brand. 00:11:50 - Availability Bias, Melina delves into the concept of availability bias and its relevance to pitching. She provides examples, such as flood insurance and crime rates, to illustrate how frequent exposure to certain topics can skew our perception of risk and importance. 00:15:18 - The Power of a Unique Perspective, Having a unique perspective can help you stand out in the media. By offering a fresh angle on a popular topic, you can become the go-to expert in your field. Melina shares a real-world example of how a handwriting expert found success by providing insights on the signatures of Prince William and Kate Middleton before their wedding. 00:17:01 - Reporters are People Too, Overcoming the fear of pitching reporters is crucial. They are just people doing a job and are constantly in need of content. By understanding their needs and offering valuable insights, you can become their solution and build a positive relationship with them. 00:18:35 - Finding Your Unique Perspective, To find your unique perspective, look at upcoming events, trends, and topics in various fields. Even if it seems unrelated to your work, there may be a niche you can carve out for yourself. By thinking outside the box, you can offer valuable insights on seemingly random topics. 00:19:44 - The Importance of Personalized Pitches, Sending generic pitches to reporters is ineffective. It's essential to do research and understand what each writer and/or outlet covers. By personalizing your pitches and showing how your expertise aligns with their audience's interests, you increase your chances of being featured in the media. 00:26:42 - Using Help a Reporter Out (HARO), HARO is a free service that connects reporters with expert sources. Signing up for HARO and responding to relevant inquiries is a great way to start getting some media coverage because it isn't a cold pitch. 00:30:10 - Tips for Pitching, Melina summarizes her tips for pitching, emphasizing that these tips can be applied to pitching anything, not just traditional news media. She advises deciding if pitching is a main goal for your business, making a list of top outlets and reporters, and practicing looking at trending topics or events. She also encourages getting out of your own way and just starting, even if it feels scary. 00:31:42 - Pitching as an Achievable Task, Melina reassures listeners that pitching is achievable and encourages them to realize their story's potential. She highlights the various opportunities for pitching, whether it's for publications, clients, promotions, or projects. Melina emphasizes the importance of taking initiative and making your own opportunities. 00:32:34 - Conclusion, Melina's top insights from the conversation. What stuck with you while listening to the episode? What are you going to try? Come share it with Melina on social media -- you'll find her as @thebrainybiz everywhere and as Melina Palmer on LinkedIn. Thanks for listening. Don't forget to subscribe on Apple Podcasts or Android. If you like what you heard, please leave a review on iTunes and share what you liked about the show.  I hope you love everything recommended via The Brainy Business! Everything was independently reviewed and selected by me, Melina Palmer. So you know, as an Amazon Associate I earn from qualifying purchases. That means if you decide to shop from the links on this page (via Amazon or others), The Brainy Business may collect a share of sales or other compensation. Let's connect: Melina@TheBrainyBusiness.com The Brainy Business® on Facebook The Brainy Business on Twitter The Brainy Business on Instagram The Brainy Business on LinkedIn Melina on LinkedIn The Brainy Business on Youtube Learn and Support The Brainy Business: Check out and get your copies of Melina's Books.  Get the Books Mentioned on (or related to) this Episode: Influence, by Robert Cialdini What Your Customer Wants and Can't Tell You, by Melina Palmer You're Invited, by Jon Levy The Hype Handbook, by Michael F. Schein The Speed of Trust, by Stephen M.R. Covey Top Recommended Next Episode: Availability Bias (episode 310) Already Heard That One? Try These:  Priming (ep 252) Framing (ep 296) Herding (ep 264)How To Set, Achieve, and Exceed Brainy Goals (ep 70) Familiarity Bias (episode 149) Confirmation Bias (episode 260) Optimism Bias (episode 34) Social Proof (episode 87) Reciprocity (episode 238) Herding (episode 19) Focusing Illusion (episode 330) Prefactual Thinking (episode 232) Bikeshedding (episode 99) Survivorship Bias (episode 110) Dr. Robert Cialdini and the (Now!) 7 Principles of Persuasion (episode 157) Magic Words, with Jonah Berger (ep 301) Other Important Links:  Brainy Bites - Melina's LinkedIn Newsletter HARO – Help A Reporter Out Certificate in Applied Behavioral Economics at Texas A&M

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics
325. Uncover the Hidden Truths: The Power of Observation in Understanding Human Behavior - Christian Madsbjerg

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

Play Episode Listen Later Sep 21, 2023 47:23


In episode 325 of The Brainy Business podcast, host Melina Palmer interviews Christian Madsbjerg, author of the book Look and an expert in human observation. Madsbjerg discusses the importance of observation in understanding human behavior and helping organizations make better decisions. He emphasizes that many companies make big mistakes by not asking the right questions and relying too heavily on data abstractions and groupthink. According to Madsbjerg, companies need to constantly study the questions that are most meaningful in their industry in order to stay relevant and successful. Christian highlights the necessity of observing and describing social phenomena before forming opinions and challenges individuals and companies to question their assumptions. Madsbjerg introduces the concept of hyper-reflection, which involves analyzing how people pay attention, to gain deeper insights into human behavior. The conversation provides valuable insights into the power of observation and description in understanding the world around us and making more informed decisions. In this episode: Recognize the critical importance of keen observation in comprehending complex human behavior. Learn about the pitfalls and misleading aspects of treating the human brain like a digital interface. Delve into the influence and impact of societal constructs on human behavior. Harness the capacity of hyper-reflection to delve deeper into your own thoughts and perceptions. Appreciate the added value of integrating observational techniques into scientific enquiry. Show Notes: 00:00:00 - Introduction to Christian Madsbjerg and his Background Melina introduces Christian Madsbjerg, the author of the book Look, and discusses his background in utilizing observation techniques to help organizations better understand human behavior. 00:02:45 - The Importance of Asking the Right Questions Asking the right questions makes a huge difference for companies. They discuss the dangers of jumping into problem-solving mode without fully understanding the problem. Christian explains how companies that fail to constantly study meaningful questions often struggle to adapt and remain successful in their industries. 00:07:49 - The Class on Human Observation Christian shares his experience creating and teaching a class on human observation at the New School in Manhattan. The class focused on using observation techniques inspired by philosophy and anthropology to study social phenomena. He explains that the book is a reflection of that class, allowing more people to learn about observation. 00:11:50 - The Journey of Observation and Curiosity Christian discusses his natural inclination towards observation and curiosity. He reflects on how studying philosophy and different historical perspectives helped him develop a deeper understanding of the assumptions we make about the world. He emphasizes the importance of observing without preconceived opinions and describes observation as a technique for scrutinizing our own assumptions. 00:14:49 - Perception and Intuition Christian challenges the misconception that humans perceive the world as atomistic data. He explains that humans perceive things holistically, seeing things as part of a larger social context rather than as individual data points. He highlights the importance of understanding the relationship 00:18:17 - The Danger of Comparing Computers to Human Brains, Comparing computers to human brains can lead to a misunderstanding of what it means to be human. Humans are not just intellectual beings; much of our experience and understanding comes from our bodies and the spaces we inhabit. 00:19:55 - The Problem with Having Strong Opinions, Having strong opinions about everything can create a filter between us and the world. It prevents us from seeing things objectively and directly, as we interpret everything through a political or opinionated lens. 00:21:54 - The Importance of Describing Social Phenomena, In order to better understand the world and the work we do, we need to study and describe the social phenomena at the center of our work. By understanding the context and dynamics of a situation, we can provide better advice and make more informed decisions. 00:25:30 - Case Study: Observing Fundraising Strategies, By observing people in the streets trying to raise funds for the white rhinos, a student learned valuable lessons about effective fundraising. He discovered that gentle and subtle approaches were much more successful than aggressive or shaming tactics. 00:30:44 - The Power of Hyper Reflection, Hyper-reflection is a type of attention that allows us to observe how others pay attention. By practicing hyper-reflection, we can better understand the dynamics and behaviors of people and organizations, leading to innovation and positive change. 00:35:36 - The Importance of Observation and Description, Christian discusses the importance of observing and describing social phenomena in order to gain insight and break down biases and prejudices. He emphasizes the value of feeling connected to the world and having a direct relationship with it. 00:37:35 - Building Trust and Observing Humans, Melina mentions how this work reminds her of an Apple Fitness' “Time To Walk” episode with Jane Goodall she recently listened to. Christian draws a parallel between Jane Goodall's observations of chimpanzees and his own observations of humans. He highlights the need to build trust with people in order to accurately describe and understand group dynamics and assumptions. 00:40:11 - Different Perspectives on the Same Phenomena, Christian recognizes that he and Melina approach the same phenomena from different angles, with behavioral science and cognitive science on one side and philosophical perspectives on the other. They agree on the importance of diverse methods and techniques in gaining insight. 00:42:33 - Observation in Science, Christian and Melina discuss the role of observation in scientific breakthroughs and paradigm shifts. They agree that observation is at the heart of good science and that scientists should incorporate more observation into their work. 00:44:50 - Conclusion, Melina's top insights from the conversation. What stuck with you while listening to the episode? What are you going to try? Come share it with Melina on social media -- you'll find her as @thebrainybiz everywhere and as Melina Palmer on LinkedIn. Thanks for listening. Don't forget to subscribe on Apple Podcasts or Android. If you like what you heard, please leave a review on iTunes and share what you liked about the show.  I hope you love everything recommended via The Brainy Business! Everything was independently reviewed and selected by me, Melina Palmer. So you know, as an Amazon Associate I earn from qualifying purchases. That means if you decide to shop from the links on this page (via Amazon or others), The Brainy Business may collect a share of sales or other compensation. Let's connect: Melina@TheBrainyBusiness.com The Brainy Business® on Facebook The Brainy Business on Twitter The Brainy Business on Instagram The Brainy Business on LinkedIn Melina on LinkedIn The Brainy Business on Youtube Learn and Support The Brainy Business: Check out and get your copies of Melina's Books.  Get the Books Mentioned on (or related to) this Episode: Look, by Christian Madsjberg Sensemaking, by Christian Madsjberg The Moment of Clarity, by Christian Madsjberg A More Beautiful Question, by Warren Berger Both/And Thinking, by Wendy Smith and Marianne Lewis Connect with Christian:  Follow Christian on LinkedIn Christian's website Top Recommended Next Episode: How Minds Change, with David McRaney (ep 210) Already Heard That One? Try These:  For The Culture, with Marcus Collins (ep 305) Survivorship Bias (ep 110) What Problem Are You Solving? (ep 126) Mental Accounting (ep 282) What is Cognitive Semiotics? (ep 259) Using Semiotics in Retail, with Rachel Lawes (ep 191) Non-Obvious Thinking, with Rohit Bhargava (ep 297) Habits (ep 256) Solving Modern Problems with a Stone-Age Brain (ep 237) Confirmation Bias (ep 260) Biases Toward Others – Including Groups (ep 314)  Fundamental Attribution Error (ep 268) The Overwhelmed Brain and Its Impact on Decision Making (ep 32) Functional Fixedness (ep 194) A More Beautiful Question, with Warren Berger (ep 200) Evolutionary Ideas, with Sam Tatam (ep 204) Focusing Illusion (ep 89) Anthropology, Market Research and BE, with Priscilla McKinney (ep 196) Using Ethnography in Business (ep 324) Other Important Links:  Brainy Bites - Melina's LinkedIn Newsletter

Journal of Clinical Oncology (JCO) Podcast
Impact of Smoking Cessation on Mortality From Kidney Cancer

Journal of Clinical Oncology (JCO) Podcast

Play Episode Listen Later Sep 14, 2023 29:37


Dr. Mahdi Sheikh and Dr. David Zaridze join Dr. Shannon Westin to discuss how quitting smoking after diagnosis may impact survival in kidney cancer. TRANSCRIPT  The guest on this podcast episode has no disclosures to declare. Dr. Shannon Westin: Hello everyone, and welcome to another episode of JCO After Hours. This is the podcast where we get in-depth on manuscripts that have been published in the Journal of Clinical Oncology. As always, I'm your host, Shannon Westin, Gynecologic Oncologist and Social Media Editor for the JCO. And I am so excited to be here today. We are going to be discussing the paper, “Smoking Cessation After Diagnosis of Kidney Cancer Is Associated With Reduced Risk of Mortality and Cancer Progression: A Prospective Cohort Study,” which was published in the JCO on March 29, 2023. And this very intriguing paper, I have two of the major authors from this paper. First is Mahdi Sheikh, who is a scientist and epidemiologist at the International Agency for Research on Cancer, the World Health Organization in Lyon, France. Welcome, Dr. Sheikh. Dr. Mahdi Sheikh: Thank you very much, Dr. Westin, and thanks for having us. Dr. Shannon Westin: And then with Dr. Sheikh is Dr. David Zaridze. He is the Director of the Department of Clinical Epidemiology at the N.N. Blokhin Russian Cancer Research Center in Moscow and also the President of the Russian Cancer Society. We are with greatness today. Dr. David Zaridze: Thank you. Thank you very much. Nice to be with you. Dr. Shannon Westin: Very nice to be with the two of you. So, let's get started. I first wanted to just level set. Could one of you review just the overall incidence of kidney cancer and what proportion of patients with kidney cancer are known to be smokers at diagnosis? Dr. David Zaridze: The figures I'm going to present are rates. They are adjusted to standard world population. Why am I saying that? Because in America you sometimes use adjustment to the US population. These figures will be different from what you are accustomed to see. Okay, incidence of kidney cancer in Russia, in men, 14.1 per 100,000. I compare this with the United States of America, men, 16.5. Very small difference. Women in Russia, 8 per 100,000. In the United States of America, 8.8 per 100,000 of population. Exactly the same. Very close. These rates are sort of high-ish, but there are very high rates, for example, in the Czech Republic, where rates are more than 20 and other Central European countries. In Russia, kidney cancer mortality in men is 6 per 100,000. In USA, 3 per 100,000. In women in Russia, 1.9. In the United States, 1.3. I would say that there is a difference in mortality in men, not much in women. The incidence of kidney cancer is increasing in Russia sharply, sharply. Since 1990 it has increased - it's tripled. It increased from 5 per 100,000 in 1990 to 14 per 100,000 in 2019. Mortality is stable or declining. This is suggesting that kidney cancer is overdiagnosed in Russia and probably elsewhere. But this is not a problem of our discussion now. The frequency of the prevalence of smoking in kidney cancer patients. It is estimated that 15% to 20% of patients with kidney cancer smoke. In Russia, we have results only from our study. 18% of patients smoked at admission to our cancer center. Dr. Shannon Westin: Got it. Okay, good. Well, that's really helpful, especially to those of us that don't take care of patients with kidney cancer every day. It helps us just understand. And I guess the next question is what do we know about the impact of tobacco cessation on the risk of kidney cancer? So you were talking about that increasing incidence. How does tobacco cessation impact that? Dr. Mahdi Sheikh: Tobacco smoking is a known risk factor for kidney cancer and an estimated 17% of the kidney cancer burden worldwide can be attributed to tobacco smoking. There is a recent meta-analysis of 56 studies that was published a few years ago that clearly showed a dose-response relationship between smoking and kidney cancer, meaning that the more cigarettes a day you smoke, the risk of kidney cancer will go up. For example, the risk that was shown for five cigarettes per day was 20%. It goes up until 70% for 30 cigarettes per day. And also with a duration, the more years you smoke, the risk for kidney cancer will go higher. However, the good news is that when you quit smoking, there is strong evidence that the risk for developing kidney cancer will be lower compared to if you continue smoking. And there is some evidence that shows again dose-response relationship, meaning that the more years you spend in quitting smoking, the lower your risk would be for developing kidney cancer compared to if you continue smoking. So this is not only about renal cancer or kidney cancer but also true about many other cancer sites as well. Dr. Shannon Westin: Okay, that's super helpful. And then I guess prior to your study that we're about to talk about, did we have any information on what happens when patients quit smoking after their diagnosis? Any limitations to those data that were available? Dr. David Zaridze: You mean the data which was prior our study? You know, the negative effect of smoking after diagnosis has been shown nearly three decades ago. The information exists already for thirty years, but it was largely ignored not only in clinical practice but also in clinical trials. And I have to stress that in clinical trials this information is still ignored. I came across these studies and decided to review them some time ago. All they were case-control studies and to my knowledge, none of them assessed the effect of quitting smoking. I decided to review these studies and included this review in my book, Smoking: A Major Cause of Cancer, which was published in 2012 and was dedicated to Professor Richard Doll's anniversary. In fact, this was a stimulus for the study we are discussing. And in fact, the component of this study we are discussing today was built in and baked into the existing cohort study to which we added the active follow-up component for assessing the changes in smoking habit and disease status. Dr. Mahdi Sheikh: If you review the evidence, before publishing this study just like a few years ago, we find that there are many studies published talking about the effects of smoking cessation on cancer survival. However, as David mentioned when you go deep into these studies, you'll find a lot of limitations. First of all, most of these studies are retrospective studies, which means that either case-control or retrospective course that patients developed the outcome, and then some investigators came to see their records to assess or ask family members before they developed the outcomes. There are a lot of biases with these types of studies. And with the epidemiologic study, perspective study that we did, has less limitations compared to retrospective ones. Another one is that when we go into the study you see, they only assess a small number of patients, small sample size. Some studies just assess 10 smokers, some assess like 30. By this study we try to assess a large number of smokers who quit smoking after diagnosis. Another limitation is that– First, let's see what exposure and what setting we are talking about. We're talking about smoking which is a very dynamic behavior. People quit smoking and they relapse smoking and they quit smoking and so on. So if you access this exposure for only a limited time, for example, for one year, then you may miss what happens after that which results in misclassification of some of the participants. So repeated assessment was not done in other studies that we did here in this study. Another one, you are talking about special setting patients who are diagnosed with cancer. These patients have special circumstances, they have treatments, they have family support, they might go under the stress of cancer, and all these different stages at diagnosis. And most studies that are available, they didn't account for this. They didn't adjust or they didn't try to understand the role of these compounding factors, as we call it in epidemiology, on that, the thing that we're trying to address. And a prospective study, as I said, long follow-up time. Even the very few prospective studies that were available for other cancer sites that have only one year or maximum two years of follow-up with this type of exposure, so it is important to follow them for a long time. Another thing I would say was exposure assessment. Not only did we repeatedly try to assess exposure among participants, but try to call the people– David and his team who did the study in the field, called the participants and tried to ask the family members and sometimes their physicians about their smoking behaviors. When you go to current evidence you see, mostly smoking behavior was assessed using the record that is available like treatment records or patient records, which again has some limitations if you do not assess exposure among qualified participants. Finally, we're talking about a dynamic behavior in the follow-ups. Some people might change smoking. But there is a very important thing, in this study, we also collect at the time of quitting smoking. There's a very important thing in statistics we call Survivorship Bias, meaning that, if you were assessing an exposure doing the follow-up and if you do not pay attention to this, you will assess an exposure that is a proxy of people who lived longer. Meaning that people have enough time, they have a long time, and those who have longer time, will have more time to quit smoking. And then you will be assessing this, actually, not the exposure, but you're only assessing people who quit smoking, and then whatever you assess, you would end up with a beneficial effect. But if you have the time of quitting smoking and follow up and all these statistical things and lower sample size, you are able to account for this very very important bias in epidemiology. Dr. Shannon Westin: Before we go further, I'd love for just a bit of a description of exactly how you laid out your study to really add to where this data are so limited around survival and tobacco cessation. So maybe review the primary/secondary objectives, basic design, just to make sure our listeners are all on the same page. Dr. David Zaridze: The study has classical prospective cohort design that the study, which was basically a basic study, in which the new component was built in. This study used a user's questionnaire-based exposure assessment and molecular epidemiologic approach. I mean that, in addition to the questionnaire approach, we collected blood and tumor tissues for molecular studies. All patients with kidney cancer admitted to the cancer center were interviewed at admission before receiving any treatment. A structured lifestyle questionnaire was used. Participants were asked about their lifetime smoking history which included questions about the duration and frequency of smoking cigarettes, the average number of cigarettes smoked every day. They were also asked about their lifetime history of alcohol drinking. The questions included questions about exposures to carcinogens other than smoking, and health conditions, including chronic kidney diseases, hypertension, diabetes and so on. Height and weight were measured. Today, this study generated and continues to generate plenty of results and papers published in most prestigious journals such as Nature Genetics, for example. So, as you know, we started from 2012, we started the follow up of the cohort members, we were focusing on Moscow residents and the follow-up includes regular annual contacts with the patients personally or via telephone or with patients' household members, etc. Again, we collected information about changes in smoking behavior and disease status. We also used information from the regional cancer registry to confirm the information obtained from patients. The average period of follow up was eight years. And this is quite a long follow-up. Repeated assessment of smoking status reduces the likelihood that exposure to smoking was misclassified. However, regrettably, the self-reported information on smoking was not supported by biochemical tests, for example, by blood cotinine testing. To my knowledge, this is the only prospective cohort study in patients with cancer, not only with kidney cancer that have collected data on participants' smoking status prospectively for quite a long time. The average follow-up time was eight years. Dr. Shannon Westin: That was incredible. That definitely caught my eye. And I was looking, I was like, “Oh, how many did they lose?” And you guys kept 80-100% of the patients. I just was so impressed by that. And now hearing the mechanisms in which you did that, it makes sense. You were very diligent, multiple ways to contact patients and confirm the data. So you really are to be congratulated for the work that you're able to achieve. Dr. Sheikh, I'd love to hear, you talked a little bit about how some of the studies didn't really think about confounding variables. Can you kind of highlight some of the confounding variables that you all controlled for in order to really assess the impact of the cessation on survival? Dr. Mahdi Sheikh: Thanks to the high-quality data and also the large sample size and the way the study was designed, we were able to adjust for a lot of confounding. So we tried to adjust for all these things. So we used three approaches. The first approach was adjustment. When you ran this in the analysis, we tried a statistical model, we tried to adjust for these confounders like age, sex, treatment, socioeconomic status, smoking intensity, alcohol, and other factors. This is one effect, one approach. The second approach was stratification, meaning that we come and see the effect within people who have been diagnosed with only earlier stage tumors to see if the effect among people with earlier stage tumors differs with the effect that we see among people with higher stage tumors. But again, if you read the paper, you see that we saw the protective effects of smoking cessation on both groups of people, those who were diagnosed at earlier stages and those who were diagnosed at later stages. And also heavy smokers or mild to moderate smokers, again, we tried stratified analysis excluding those heavy smokers and saw the effect, again, among those who were light smokers or moderate smokers and also with the heavy smokers. I want to say that we tried all these types of analytical approaches and we really saw the protective effects across all patient subgroups. Finally, I talked again about the survivorship bias. So we used really strict statistical approaches to address this confounding, and because we had the time of quitting, we had the follow up time and all these things. And, again, whatever we did in the study we still could see the effects of smoking and all this is due to the good design, the large sample size, and the good questionnaire data that we have. Dr. Shannon Westin: That's awesome. I think, of course, now let's get to the bottom line. 40% reported that they quit smoking after diagnosis with none relapsing during the time period. And what did you see was the impact on overall survival as well as cancer-specific survival? Dr. Mahdi Sheikh: So we tried several outcomes - overall survival, cancer-specific survival, but also progression-free survival. And then because we had the large sample size we could assess all this. Interestingly, we saw the effect on all the three outcomes that we assessed. So the overall survival was better among those during the quitting time and also the cancer-specific survival was also better and also progression-free survival was better among all these participants. Dr. Shannon Westin: I think most people that have read this paper - and if you haven't read this paper you should run to read it right now - I really was impressed with that kind of clear benefit across cancer-specific mentality across all subgroups regardless of how much they smoked. So I don't know why you get a sense of like, “Oh, if you smoke a little bit you wouldn't see as big of an impact,” but a very clear impact. And I would love to hear why you think smoking negatively impacts these outcomes. How does the cessation help? This is a perfect time for that. Dr. Mahdi Sheikh: When we review the evidence about how smoking cessation may be beneficial for patients, for the survivorship of patients with cancer, we come to five mechanisms that are suggested in the literature. So the first one can be, is suggested, that is altered cancer biology. Smoke and tobacco smoke contain numerous carcinogens and mutagens. So it has been shown that cancer cells that are exposed to tobacco smoke, they may become more aggressive and the risk of metastasis might go higher and also, angiogenesis and all other effects on the biology of cancer cells. So it may affect the cancer cell biology. Another suggested mechanism might be altered immune response. So tobacco smoking affects the immune system and then the immune response among those who are exposed to tobacco might be affected by tobacco smoking. So their response to the cancer cells but also other bacteria, viruses, and other things might be affected as well. The third possible mechanism suggested altered drug metabolism. It has been shown that tobacco smoke and smoking can affect some of the enzymes that have metabolic responsibilities and metabolism of the drugs. So that can affect the washout period for the drug. It might not stay enough in the blood or vice versa as well. It might affect the toxicity. There is some evidence about this. The fourth mechanism suggested is about increasing treating-related complications or treatment-related complications. People who smoke have delayed wound healing, they have more complications, the surgery, the time they spend at the hospital might be longer. And this is also part of which smoking may affect the outcomes that we saw here. And finally, that is we are talking about tobacco smoking and patients with cancer are human beings with all these systems. So we know that smoking causes damage to the cardiovascular system, to the pulmonary system and also to the lungs and other things. So this is why we see different outcomes are affected by cancer. Dr. David Zaridze: I was impressed by the data that exposure to tobacco smoke condensate induces changes in tumor microenvironment. For example, it inhibits formation of interferons, interferon alpha and gamma, inhibits the migration to tumor microenvironment of the immune cells. The number of CD8+ T lymphocytes, T killers, are significantly lower in the tumor microenvironment of current smokers compared to former smokers and never smokers. And even more interestingly, the number of PD-L1+ cells are also lower in the tumor microenvironment of current smokers than former or never smokers. This is probably very important in terms of effectiveness of impairment by smoking of the immunotherapeutic approaches in cancer treatment. Dr. Shannon Westin: That's very important and we know the microenvironment has a huge impact on just the way the cells respond to treatment and develop resistance and so that makes a lot of sense. Okay, well, this has been amazing and I think one thing that you just said just struck me, Dr. Sheikh, that you've obviously shown this in lung cancer and you're looking at this in other cancers. I guess the question is: What should we be doing? How should we be implementing tobacco cessation efforts across all cancer diagnoses to help all patients that have really any diagnosis of cancer? Dr. David Zaridze: Let me first underline the clinical importance of these results. The benefits from quitting smoking are comparable or even superior to those recorded in the clinical trials of modern kidney cancer treatments such as immune checkpoint inhibitors. I refer to the results of pivotal trials in advanced renal cell cancer in the frontline setting and these results were reported at ASCO Meeting 2023 recently in May. If you compare the results of our study with results of these pivotal trials, it is very impressive. It is clear that our findings strengthen the case for making tobacco cessation treatment a standard part of the routine health care for all people with cancer, however, smoking is still quite high in cancer patients. And I would like to quote Peter Shields who is saying that, in the United States,10% to 50% of cancer patients smoke. As far as Russia is concerned, in our study, 80% of kidney cancer patients smoke, and in our lung cancer study, 58% of cancer patients smoke.  The barrier is that the oncologists do not believe or are accepting with a great deal of skepticism the results of our study. They don't believe the idea that anything else besides surgical, radiological, or medical treatment could improve the outlook of cancer patients. It's difficult for them to apprehend. Many of them think that smoking cessation after diagnosis is simply a waste of time. Many patients simply don't know that smoking cessation after diagnosis may be beneficial for them. In addition, they are pessimistic and they feel discouraged to quit smoking, as they might think it is too late. I would like to quote my favorite quote: “Smoking cessation treatment has to become the fourth pillar of cancer treatment, one that could affect cancer treatment outcomes as powerfully as surgery, chemotherapy, or radiation therapy.” This is Dr. Fiore, 2019. Dr. Shannon Westin: Thank you so much. And Dr. Sheikh, anything to add there around cessation efforts? Dr. Mahdi Sheikh: As we saw the results of these studies that smoking cessation is feasible and it is accessible at a minimum cost for many patients, it should really be integrated in the  management of patients with cancer. It is feasible, it is cheap, it is accessible. But unfortunately, when we review the evidence we see that only less than half of the physicians, like around 40% of physicians, send the patients to tobacco smoking cessation services. And even some do not discuss this issue. And as David mentioned, they do not know the effect of smoking cessation. So when you go through these studies to find the major barriers, in addition to what David had mentioned, we find two important points. First one is lack of education or experience in providing tobacco cessation interventions among those who deal with patients with cancer. So they do not have the education. And second is lack of available resources for referrals. Now we're not only talking about the United States but also many other countries even high-income countries, we do not see the resources for referrals on smoking cessation services in cancer care settings. The take home message probably from this study and also from these barriers, would be for three groups. First, for the policymakers, we would recommend sustainable funding should be dedicated to tobacco cessation services. As we saw, the effect is huge and seems to be a very big effect and it is cheap so why not implement this smoking cessation service within cancer care settings.  And the second one, tobacco treatment training programs for healthcare providers. This is also very, very important that we try to implement this training program in the curriculum of healthcare providers, especially those who deal with cancers and tobacco-related outcomes. And also for physicians, we recommend that physicians should assess and address tobacco use in all patients with cancer. They should talk about this topic and also show the benefits of quitting smoking. And patients with cancer who smoke should be supported to stop smoking at any time and each visit after diagnosis is not like some time pass, as we saw, all patient subgroups could benefit from smoking cessation. This is important.  But something also very, very important that we shouldn't forget that cancer itself causes a lot of fear and anxiety and stress. And smoking cessation sometimes may be associated with stress and more anxiety. So it is very, very important to think about this point and provide the psychosocial support to patients who quit smoking. Sometimes they may relapse just because of the fear and anxiety they have. So it's not only showing the evidence, but also supporting these patients, telling them how to do that and also supporting them emotionally and also psychosocially. And finally for the patients, I would like to give this message that we see and we know that it is never too late to quit smoking. As David said, patients may feel like, “It is too late now I've developed cancers,” but no, it's really not too late. And if you quit smoking at any time after diagnosis, you would benefit a lot from smoking cessation. Dr. David Zaridze: In the United States there are guidelines, several guidelines for smoking cessation, specifically for cancer patients because smoking cessation in cancer patients is very different from smoking cessation in general population. In the general population, we more or less succeeded, I would say, and we have to look now at this direction to the smoking cessation in cancer patients. And this is a message to WHO, that countries, members of WHO, based on the recommendation guidelines of WHO, develop their own specific guidelines for smoking cessation in cancer patients. And that should be used in all cancer clinics and that should be a must, absolutely important part of anti-cancer treatment. And as I already told, it should be the fourth pillar in cancer treatment, as treatment, as surgery, chemotherapy and radiation. Dr. Shannon Westin: Thank you both. That was such a great discussion, and I hope that we've convinced everyone that this is a critical effort that they need to be addressing every day.  I just want to thank everyone who listened. This has been "Smoking Cessation after Diagnosis of Kidney Cancers Associated with Reduced Risk of Mortality and Cancer Progression: A Prospective Cohort Study", again published in the JCO on March 29, 2023. Thank you guys again for listening to JCO After Hours. Please check out our other podcast offerings. You can check them out on the website or wherever you get your podcasts and let us know what you think about the podcast on Twitter. Dr. David Zaridze: Thank you. Dr. Mahdi Sheikh: Thank you very much.  The purpose of this podcast is to educate and to inform. This is not a substitute for professional medical care and is not intended for use in the diagnosis or treatment of individual conditions.   Guests on this podcast express their own opinions, experience, and conclusions. Guest statements on the podcast do not express the opinions of ASCO. The mention of any product, service, organization, activity, or therapy should not be construed as an ASCO endorsement.  

Huberman Lab
Marc Andreessen: How Risk Taking, Innovation & Artificial Intelligence Transform Human Experience

Huberman Lab

Play Episode Listen Later Sep 4, 2023 177:01


In this episode, my guest is Marc Andreessen, the legendary software innovator who co-created the internet browser Mosaic, co-founded Netscape, and is now at Andreessen Horowitz — a venture capital firm that finds and brings to life technologies that transform humanity. We discuss what it takes to be a true innovator, including the personality traits required, the role of environment and the support systems needed to bring revolutionary ideas to fruition. We discuss risk-taking as a necessary but potentially hazardous trait, as well as the role of intrinsic motivation and one's ability to navigate uncertainty. We also discuss artificial intelligence (AI) and Marc's stance that soon everyone will use AI as their personalized coach and guide for making decisions about their health, relationships, finances and more — all of which he believes will greatly enhance our quality of life. We also delve into nuclear power, gene editing, public trust, universities, politics, and AI regulation. This episode is for those interested in the innovative mind, psychology, human behavior, technology, culture and politics. For the full show notes, including articles, books, and other resources, visit hubermanlab.com. Thank you to our sponsors AG1: https://drinkag1.com/huberman LMNT: https://drinklmnt.com/huberman Eight Sleep: https://eightsleep.com/huberman InsideTracker: https://insidetracker.com/huberman Momentous: https://livemomentous.com/huberman Timestamps (00:00:00) Marc Andreessen (00:03:02) Sponsors: LMNT & Eight Sleep (00:06:05) Personality Traits of an Innovator (00:12:49) Disagreeableness, Social Resistance; Loneliness & Group Think  (00:18:48) Testing for Innovators, Silicon Valley (00:23:18) Unpredictability, Pre-Planning, Pivot (00:28:53) Intrinsic vs Extrinsic Motivation, Social Comparison (00:32:52) Sponsor: AG1 (00:33:49) Innovators & Personal Relationships (00:39:24) Risk Taking, Innovators, “Martyrs to Civilizational Progress” (00:46:16) Cancel Culture, Public vs. Elite (00:53:08) Elites & Institutions, Trust (00:57:38) Sponsor: InsideTracker (00:58:44) Social Media, Shifts in Public vs. Elite  (01:05:45) Reform & Institutions, Universities vs. Business (00:14:14) Traditional Systems, Lysenkoism, Gen X (01:20:56) Alternative University; Great Awakenings; Survivorship Bias  (01:27:25) History of Computers, Neural Network, Artificial Intelligence (AI) (01:35:50) Apple vs. Google, Input Data Set, ChatGPT (01:42:08) Deep Fakes, Registries, Public-Key Cryptography; Quantum Internet (01:46:46) AI Positive Benefits, Medicine, Man & Machine Partnership (01:52:18) AI as Best-Self Coach; AI Modalities (01:59:19) Gene Editing, Precautionary Principle, Nuclear Power (02:05:38) Project Independence, Nuclear Power, Environmentalism (02:12:40) Concerns about AI (02:18:00) Future of AI, Government Policy, Europe, US & China (02:23:47) China Businesses, Politics; Gene Editing  (02:28:38) Marketing, Moral Panic & New Technology; Politics, Podcasts & AI (02:39:03) Innovator Development, Courage, Support  (02:46:36) Small Groups vs. Large Organization, Agility; “Wild Ducks” (02:54:50) Zero-Cost Support, YouTube Feedback, Spotify & Apple Reviews, Sponsors, Momentous, Neural Network Newsletter, Social Media  Title Card Photo Credit: Mike Blabac Disclaimer

Psychologically Minded
Mini 17: Survivorship Bias

Psychologically Minded

Play Episode Listen Later Jul 21, 2023 16:39


In honor of Oppenheimer coming out this weekend, I figured I'd cover another nerd who used science to help the war effort during WWII. The survivorship bias is based on work done by Abraham Wald, a mathemetician who consulted with the US military on how to effectively protect planes from being shot down. The bias still impacts us to this day, and contributes to why we believe in things like the "American dream." ⁠⁠⁠⁠⁠⁠⁠Sources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ NAMI HelpLine: 1-800-950-NAMI (6264) or info@nami.org ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.nami.org/help⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ NEW mental health crisis number: 988 Trans Lifeline: US (877) 565-8860 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://translifeline.org/hotline/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Follow me on Twitter ⁠⁠⁠⁠⁠@PsychMindedPod⁠⁠⁠⁠⁠

Happy Healthy Human Podcast
235) Survivorship Bias- Why You Can't Trust Everything You See

Happy Healthy Human Podcast

Play Episode Listen Later Jul 9, 2023 21:26


If You're Struggling, Zoom Out instagram.com/paullevitin

Boom Vision
Unveiling Success: Mastering the WHY and HOW, Beyond the WHAT

Boom Vision

Play Episode Listen Later Jun 7, 2023 15:23


#050:  “He who has a why to live for can bear almost any how.” - Friedrich NietzscheFolks, nothing is more powerful than knowing your why.  But have you ever got stuck on a problem where you didn't know what the solution was?  Did you feel like you were trying all sorts of things, but yet you still felt stuck with no progress?Quote: "We cannot solve our problems with the same thinking we used when we created them." - Albert EinsteinIn today's episode, I'm going to share a recent framework that came up multiple times in coaching sessions these past several weeks. What happens when you focus on mastering the WHY and HOW, beyond the WHAT!  I will share:Story: WW2 Plane: Survivorship BiasStory: Finding the right business partnerCreating alignment in partnershipsI'll share action steps how to focus on the WHY and HOW, rather than just the WHAT!Join our Boom Vision family and hit subscribe!  Follow me on Instagram @benjaminyehIf you'd like to get the links and show notes for this episode, head to:https://www.benjaminyeh.com/ep-50-mastering-why-and-how-beyond-what

The TrulyFit Podcast
Survivorship Bias & Risk

The TrulyFit Podcast

Play Episode Listen Later Jun 1, 2023 17:41


Thursday episodes are "shorts"._Steve Washuta, author of Fitness Business 101, and host of The TrulyFit Podcast, quickly discuss a relevant and timely topic in the Personal Training, Fitness, Health, and Medical industries.----------------------------------------------------------------------------------------------------------The show interviews experts in various Fitness & Health realms and gives actionable tips for both the general public and the professional.If you're curious about all things fitness & health...you found the right place!LISTEN ONApple Podcast: https://podcasts.apple.com/us/podcast/the-trulyfit-podcast/id1559994164Spotify: https://open.spotify.com/show/27jDzRtFENn03QQRRFCf5wSUBSCRIBE TO OUR CHANNEL: https://www.youtube.com/@trulyfitappFOLLOW USInstagram: @trulyfitappFOLLOW STEVEInstagram: @stevewashuta#podcast  #nutrition #health #fitness #personaltrainer #healthylifestyle

EconTalk
Luca Dellanna on Risk, Ruin, and Ergodicity

EconTalk

Play Episode Listen Later May 29, 2023 67:31


Author and consultant Luca Dellanna talks with EconTalk host Russ Roberts about the importance of avoiding ruin when facing risk. Along the way Dellanna makes understandable the arcane concept of ergodicity and shows the importance of avoiding ruin in every day life.

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics
283. Why Every Business Needs To Care About Personal Finances, with Merle van den Akker

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

Play Episode Listen Later Apr 28, 2023 45:29


In today's conversation, I am joined by Dr. Merle van den Akker. Merle is a behavioral scientist who has recently completed a Ph.D. at the Warwick Business School, studying the effect of different payment methods on personal finance management. She decided to leave academia to apply behavioral insights in the real world and has become a behavioral science manager at a financial well-being unit in an Australian bank. She continues to research and apply behavioral science to improve financial services and consumer (financial) well-being. Next to this, Merle is a science communicator, running the blog Money on the Mind, and the MoneyPsychologist TikTok account, where she disseminates insights from the intersection of behavioral science and personal finance. Last, to not leave academia behind fully, Merle also still teaches behavioral science as well as courses on fintech developments at top Australian universities. Merle was also a finalist for Content Person of the Year in the Habit Weekly Awards in 2022 along with myself and many other amazing content creators in the space including next week's guest who won the award last year. In today's conversation, we are talking about personal finance – both for individuals and how it applies to any business. Stress at home can impact performance at work, and there are some ways businesses can be helping their employees feel more comfortable -- and do better work -- if they are thoughtful about personal finances and what is going on in the world around them. Even if your company doesn't believe it is impacted by inflation or the massive layoffs that have been happening recently...think again. Merle and I dig in on how social media and other availability-bias- and herding-fueled messaging is impacting everyone, and what companies can be doing to help their employees to feel more secure and less stressed. Show Notes: [00:42] In today's conversation, I am joined by Dr. Merle van den Akker. Merle is a behavioral scientist who has recently completed a Ph.D. at the Warwick Business School studying the effect of different payment methods on personal finance management.  [02:21] Stress at home can impact performance at work and there are some ways businesses can help their employees feel more comfortable and do better work.  [04:34] Merle shares about herself, her background, and the work she does. She runs the Money on the Mind blog, where she writes about how behavioral science applies to personal finance.  [06:42] Spending on a credit card is incredibly different than spending with cash.  [07:37] With contactless payments, people tend to spend a bit more and then they actually have a much worse recall of what they spent.  [09:32] Mental accounting is expenditure and research tracking in your head.  [11:51] It is important to ask thoughtful questions in business and research.  [14:25] You have a mental and a physical account for savings and your credit whether you are in debt or not.  [16:54] Behavioral science can contribute positively to the cost of living crisis in major ways. When people act out of fear they don't make great decisions.  [18:54] Learned helplessness is a very dangerous state to get into. You need to be able to get into a mindset where you are still able to act.  [21:50] Having too much pressure on people's time is impacting their ability to do really good, thoughtful work.  [24:28] The present bias is a very inconvenient bias and is something you should be aware of.  [27:31] As an employee, it is important to know what would and would not work and ask for that from your employer. An employer should be open and expectant to have these conversations.  [30:36] There can be more thoughtful and creative solutions for ways employers can help that don't cost them a lot of money.  [32:45] You can help be a solution for customers and employees by having this overall awareness of what is happening in the world and how that is going to be impacting behavior.  [34:09] If your brain is in overload the last thing it wants is ambiguity.  [35:42] You don't want people to act out of fear because they will make decisions that don't benefit anyone in the long run. That is something we should really try to avoid.  [37:53] Social media algorithms give you more of what you show interest in. Something may feel like it is everywhere, when in reality the algorithms are just showing it to you a lot.    [39:46] Always take the time in stressful moments to breathe and get out of that hot state to look and see what you can do differently.  [41:01] It is a win-win situation to have employees that are not just cowering under an enormous load of stress and fear and as a result being rendered almost nonfunctional.  [42:34] Melina's closing thoughts. [43:01] If you focus on helping your people with more aspects of their lives then just what feels immediately relative to your bottom line can have really great impacts financially and otherwise.  Thanks for listening. Don't forget to subscribe on Apple Podcasts or Android. If you like what you heard, please leave a review on iTunes and share what you liked about the show.  I hope you love everything recommended via The Brainy Business! Everything was independently reviewed and selected by me, Melina Palmer. So you know, as an Amazon Associate I earn from qualifying purchases. That means if you decide to shop from the links on this page (via Amazon or others), The Brainy Business may collect a share of sales or other compensation. Let's connect: Melina@TheBrainyBusiness.com The Brainy Business® on Facebook The Brainy Business on Twitter The Brainy Business on Instagram The Brainy Business on LinkedIn Melina on LinkedIn The Brainy Business on Youtube Join the BE Thoughtful Revolution – our free behavioral economics community, and keep the conversation going! Learn and Support The Brainy Business: Check out and get your copies of Melina's Books.  Get the Books Mentioned on (or related to) this Episode: Nudge, by Richard Thaler and Cass Sunstein What Your Customer Wants and Can't Tell You, by Melina Palmer Scarcity, by Sendhil Mullainathan and Eldar Shafir  Subtract, by Leidy Klotz The Power of Scarcity, by Mindy Weinstein Connect with Merle:  Money on the Mind Merle on Twitter Merle on LinkedIn Top Recommended Next Episode: Common Errors in Financial Decision Making with Dr. Chuck Howard (ep 213) Already Heard That One? Try These:  The Pain of Paying (ep 240) Hindsight Bias (ep 167) Time Discounting (ep 51) Common Errors in Financial Decision Making with Dr. Chuck Howard (ep 213) How To Set Up Your Own Experiments (ep 63) Mental Accounting (ep 282) That Time I Went Viral… with Dr. Daniel Crosby (ep 212) Survivorship Bias (ep 110) Herding (ep 264) Availability Bias (ep 15) Time Pressure (ep 74) The Overwhelmed Brain and Its Impact on Decision Making (ep 32) Loss Aversion (ep 9) Past, Present, and Future Biases  (ep 246) Expect Error: The "E" in NUDGES (ep 39) Give Feedback: The "G" in NUDGES (ep 40) Ambiguity Aversion (ep 243) Other Important Links:  Brainy Bites - Melina's LinkedIn Newsletter Learned Helplessness Invest now, drink later, spend never: On the mental accounting of delayed consumption

Money For the Rest of Us
Beware of Survivorship Bias When Investing

Money For the Rest of Us

Play Episode Listen Later Feb 15, 2023 22:41


Why long-term U.S. stock market outperformance could be because it has avoided major catastrophes. Does an over-reliance on historical U.S. stock returns when modeling retirement outcomes lead to spending rates that are too high?Topics covered include:Why you might consider earthquake insuranceWhat is survivorship bias and what are some examplesWhy the U.S. is an outlier when it comes to stock market performanceWhy the 4% retirement spending rule might be too highIf the 4% spending rule is too high, what can retirees do instead to have enough for retirementWhy the size and scale of the U.S. economy provide some resistance to catastrophesFor more information on this episode click here.Thanks to our SponsorsShopifyMasterworks – invest in contemporary artShow NotesHomefactsSurvivorship Bias—Matt RickardIs The United States A Lucky Survivor: A Hierarchical Bayesian Approach by Jules H. van Binsbergen, Et al.—SSRNThe Financial History of Emerging Markets: New Indices by Bryan Taylor—SSRNThe (Time-Varying) Importance of Disaster Risk by Ivo Welch—Financial Analyst JournalThe Safe Withdrawal Rate: Evidence from a Broad Sample of Developed Markets by Aizhan Anarkulova, Et al.—SSRNThe 2.7% Rule for Retirement Spending by Ben Felix—YouTubeTrends in Retirement and Retirement Income Choices by Tiaa Participants: 2000–2018 by Jeffrey R. Brown, Et al.—SSRNRelated Episodes250: Investing Rule One: Avoid Ruin326: The New Math of Retirement Spending and InvestingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The
Economic Reality vs. Political Rhetoric | The Aneesh Karve Series | Episode 5 (WiM272)

The "What is Money?" Show

Play Episode Listen Later Feb 13, 2023 99:30


Entrepreneur Aneesh Karve joins me for a continuation of our detailed conversation about the book "Discrimination and Disparities," written by Thomas Sowell. We discuss the issues with the government's central planning and its consequences.GUEST: Aneesh's Twitter: https://twitter.com/akarve Discrimination and Disparities: https://shorturl.at/wNS36PODCAST: Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast...Spotify: https://open.spotify.com/show/25LPvm8...RSS Feed: https://feeds.simplecast.com/MLdpYXYIOutline: 00:00:00 Coming up 00:01:16 “What is Money?” Intro Music 00:01:25 “What is Money?” Intro Message 00:02:50 Do More with Your Digital Assets with Ledn 00:03:35 Secure Your Bitcoin Stash with The iCoin Hardware Wallet 00:04:32 Introducing Aneesh Karve 00:04:44 Problem with Categorizing People and Even Distribution of Resources 00:12:17 Playing with Statistics to Shape The Narrative 00:22:19 The Need for Accurate Measuring to Stop Inducing Class Warfare 00:27:31 Revealed Preferences vs Stated Preferences 00:32:18 Paying Attention to Reality and Rhetoric 00:38:26 What If You Take The Volatility Out of Bitcoin? 00:42:41 Failure of Central Planning and Taking Away Free Choice 00:50:20 Take Control of Your Healthcare with CrowdHealth 00:51:22 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:51:57 A Chance To Win Discounted Tickets to The Bitcoin 2023 Conference and 10M SATS 00:52:54 Replenish Your Body's Electrolytes with LMNT 00:53:45 Hold Bitcoin in the Most Secure Custody Model with Casa 00:54:33 The Fallacy of Composition 00:59:13 Survivorship Bias and Issues with Survey Data 01:04:21 The Differences Between Men and Women 01:09:32 Examples of Central Planning Problems 01:22:34 Fundamental Tension Between Statism and Libertarianism 01:24:53 Being Humble In The Face of Complexity 01:26:48 Why Proof of Stake is a "Rich Get Richer" Scheme 01:27:48 The Difference Between Capitalist and Socialist Economy 01:32:26 Thank God For Bitcoin 01:35:48 Dangerous Disconnect From Reality 01:39:22 "What is Money?" OutroSOCIAL: Breedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?l...All My Current Work: https://vida.page/breedlove22WRITTEN WORK: Medium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTE: Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBree...Dollars via Venmo: https://venmo.com/code?user_id=178435...The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=328431...RECOMMENDED BUSINESSES: Ledn lets you do more with your digital assets: https://www.ledn.io/Secure Your Bitcoin Stash with The iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedloveWasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/Join Me At Bitcoin 2023 in Miami, and use discount code BREEDLOVE for a chance to win 10M sats: https://b.tc/conferenceReplenish Your Body's Electrolytes with LMNT: https://drinklmnt.com/breedloveCasa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/Buy High Quality Bitcoin Apparel Here (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/?sca_ref=2744763.jDn5JzDZxSTry Feel Free Tonics, a Great Alternative to Alcohol and Caffeine (use discount code BREEDLOVE): https://botanictonics.comThe Only Snack Bar I Will Eat—The Carnivore Bar: https://the-carnivore-bar.myshopify.com/?sca_ref=3135331.u66L01muXY

Stock Market Options Trading
Are You Guilty of Survivorship Bias?

Stock Market Options Trading

Play Episode Listen Later Nov 29, 2022 8:53


Want the latest in trading research and support the podcast at the same time?Come join me at https://www.patreon.com/VerticalSpreadOptionsTrading to get started. Summary:Survivorship bias or survival bias is the logical error of concentrating on entities that passed a selection process while overlooking those that did not. This can lead to incorrect conclusions because of incomplete data.In this episode, we'll discuss how this can apply in the financial world as well as the rest of the world. Note: This is not financial advice and I am not a financial advisor. Additional Resources:Stock Market Options Trading Free Community:https://www.stockmarketoptionstrading.net/Stock Market Options Trading YouTube Channel:https://www.youtube.com/c/stockmarketoptionstradingEric O'Rourke Twitter:https://twitter.com/OptionAssassin

Popcorn Culture
145 - Planning for Bears

Popcorn Culture

Play Episode Listen Later Sep 16, 2022 73:22 Very Popular


J and Ben discuss: their upcoming hike, minimalism, future trips, Go Fest, bears, paracord, eras of the Pop, leg day, survivorship bias, optical illusions, Twitter doomscrolling, and Luke's deductive reasoning.  Show Notes:  Go Fest - https://roanokegofest.com/  Paracord Bracelets - https://www.rei.com/blog/camp/diy-paracord-survival-bracelet  Survivorship Bias -  https://en.wikipedia.org/wiki/Survivorship_bias  Box Breakers - https://www.youtube.com/watch?v=aIwQv4PYsJA&t=51s  Support the Show and Vote for Host: https://www.patreon.com/popcornculture  Get your own GMA stickers: https://store.dftba.com/products/gma-stickers  Get Your Bingo Card: https://bingobaker.com#f805834af83dce50    Email the show: popcornculturepod@gmail.com  Discuss the Podcast on Reddit: https://www.reddit.com/r/PopcornCulture/  Follow the Show on Twitter: https://twitter.com/apopcast  Follow SCB on Instagram: https://www.instagram.com/carlinbrothers/  Follow SCB on TikTok: https://www.tiktok.com/@popcornculturepod  Discuss the Podcast on YouTube: https://www.youtube.com/channel/UCHfIbq9thHPC8yrKjAdJgDA    Alternate Titles:   Hike Training at Disney Don't Skip Leg Day The General Contractor Twitter Doomscrolling: A One Man Show Misread the Ammunition of a Four Year Old

The Danny Miranda Podcast
#250: Q&A – 3-Year Prediction, Major Regrets, & Morning Routine

The Danny Miranda Podcast

Play Episode Listen Later Aug 30, 2022 47:42


Welcome to Episode 250. Since Episode 100 was a Q&A, I figured it made sense for Episode 250 to be one as well. You can learn if I'm going to move to Austin, whether everyone should podcast, my major regrets, what my podcast consumption is like, and my current biggest struggle. I really enjoyed doing this, and perhaps I will do another one when we hit 10,000 subscribers on YouTube or for Episode 300... whichever comes first. Thank you for the thoughtful questions! (0:00) Intro (0:33) Austin (1:35) Persistence (2:38) Famous Guests (4:00) $10k Work (5:05) Common Traits of Guests (6:01) Danny Pre-Podcast (9:35) 3-Year Prediction (11:28) Starting Podcast (14:15) Survivorship Bias (17:53) Should Everyone Podcast? (19:24) Most Impactful Episode (20:32) Spirit Animal (21:41) Non-Negotiables (24:28) Content Changes (27:20) Major Regrets (29:37) Morning Routine (31:20) Exciting Topics (33:11) Hardest Episode (34:04) Struggle (36:45) Living With Purpose (38:22) Podcast Consumption (39:28) Who Do I Learn From? (41:20) Life Pre-Podcast (42:05) Final Cut Pro (42:33) Advice For Podcasters Continue the conversation by leaving a comment on YouTube!

The James Altucher Show
840 - The most dangerous mental errors that you don't know you're making! with Sahil Bloom

The James Altucher Show

Play Episode Listen Later Apr 21, 2022 73:04 Very Popular


Do you know there are some dangerous mental errors that you don't even know that you're making? They are many biases that we made every day, and to tell you the truth, it's almost impossible to avoid them! However, we can be made aware of them, to try our best for a better outcome in negotiation, debate, and sales! In this episode, I invited Sahil Bloom, entrepreneur, creator, and investor, back on again to talk about this new Twitter thread, The most dangerous mental errors (you don't know you're making).Read the full thread here: https://twitter.com/SahilBloom/status/1510249267352457223Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook