A Choice Apart: With Guests Max Bazerman & Vivienne Wagner

Have you ever bought a car or a bike or a boat, based upon some particular quality it had that made you fall in love? Maybe it was candy apple red. Possibly it had streamlined lines. Possibly the engine made a pleasing purr. Hopefully that choice was a delighted one. But what happens when the red cars spends most of its time in the store? Or the streamlined motorcycle is difficult on your back? Or the purring boat engine is a gas-guzzler?

In this episode of Choiceology with Katy Milkman (), we take a look at how our choices tend to shift when we evaluate an option on its own versus side-by-side with other possible alternatives.

The episode starts with Vivienne Wagner and her family's decision to adopt a cute pup after seeing a popular motion picture that featured the type. (You know, the spotty pet dogs– over a numerous them.) It's a cautionary tale about a lovable but incredibly challenging pooch called Barkley and the hazards of selecting a family animal in a vacuum..

Max Bazerman () is an authority on the phenomenon of shifting preferences when decisions are made separately or jointly. He signs up with Katy to go over the methods which our examination propensities can affect activities varying from hiring a worker to communicating with a spouse. He likewise goes over techniques to be more deliberative while making important decisions.

Max Bazerman is the Jesse Isidor Straus Teacher of Business at the Harvard Service School () and the Harvard Kennedy School () and the author of many books, consisting of, most recently, The Power of Experiments: Decision-Making in a Data-Driven World () with Mike Luca.

Choiceology is an original podcast from Charles (). For more on the series, go to .com/podcast ().

If you delight in the program, please leave a ⭐ ⭐ ⭐ ⭐ ⭐ ranking or review on Apple Podcasts. ().

Important Disclosures:.

All expressions of opinion go through change without notification in response to moving market conditions.

The remarks, views, and opinions expressed in the discussion are those of the speakers and do not necessarily represent the views of Charles Schwab.

Data consisted of herein from third-party providers is gotten from what are considered dependable sources. Nevertheless, its precision, efficiency or reliability can not be guaranteed.

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A Choice Apart: With Guests Max Bazerman & Vivienne Wagner

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