Important choices can be complicated and tough to make. We're at the grace of certain behavioral predispositions, and we frequently deal with a degree of uncertainty. And while it's valuable to be aware of our imperfections and conscious of our incomplete image of the world, there is a tested way to make better decisions, on balance..
In this episode of Choiceology with Katy Milkman (), we look at how questioning our fundamental assumptions and thinking like a scientist can assist us untangle the knottiest of issues and make choices with higher self-confidence.
Luca Parmitano () was the first Italian astronaut to perform an EVA– an extravehicular activity, otherwise called a space walk– in 2013. Throughout that EVA, Luca discovered a percentage of excess wetness in his space match. Engineers chalked it up to a minor leakage in his drinking container.
But on his 2nd EVA, Luca almost drowned in space. You'll speak with Luca himself about what occurred and what it resembled to have his helmet fill with water, 250 miles above the earth, outside the International Spaceport Station (). You'll likewise hear how NASA () worked to avoid a repeat of what has actually been called "the scariest wardrobe breakdown" in the firm's history..
Luca Parmitano is an astronaut with the European Area Company () and a colonel in the Italian Air Force. ().
A version of Luca's story appears in Adam Grant's () new book Think Again: The Power of Understanding What You Don't Know ().
Adam Grant signed up with Katy to speak about the methods scientists utilize to prevent particular risks, such as confirmation bias, in the search for unbiased details. Instead of treat our beliefs or opinions as facts, Adam encourages us to treat them rather as hunches. Inklings can be tested, as researchers test their hypotheses. Taking this clinical approach to difficult problems often yields better results in business, politics, and life.
Adam Grant is the Saul P. Steinberg Professor of Management at the Wharton School () of the University of Pennsylvania (). He's also host of the popular TED () podcast WorkLife ()..
Choiceology is an original podcast from Charles Schwab (). For more on the series, see schwab.com/podcast ().
If you take pleasure in the program, please leave a ⭐ ⭐ ⭐ ⭐ ⭐ rating or evaluation on Apple Podcasts. ().
Important Disclosures.
All expressions of viewpoint go through change without notice in response to moving market conditions.
The comments, views, and viewpoints revealed in the discussion are those of the speakers and do not always represent the views of Charles Schwab.
Information included herein from third-party providers is obtained from what are considered trusted sources. Nevertheless, its precision, efficiency or dependability can not be ensured.
The policy analysis offered by the Charles Schwab & Co., Inc., does not constitute and need to not be translated as an endorsement of any political party.
Investing includes risk, including loss of principal.
The book How to Modification: The Science of Getting from Where You Are to Where You Want to Be is not connected with, sponsored by, or backed by Charles Schwab & Co., Inc. (CS&C o.). Charles Schwab & Co., Inc. (CS&C o.) has not examined the book and makes no representations about its material.
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