Some Assembly Preferred: With Guests Mike Norton & Michael Ojo

Hardware shops and home enhancement programs typically promote do-it-yourself projects. And while it's challenging to make your own tasks look as good as the ones on television or in shiny brochures, building something yourself can be a really satisfying experience. The trouble is, the DIY method can in some cases cloud your perceptions of the value of your task.

In this episode of Choiceology with Katy Milkman (), we look at how putting personal effort into something– be it a hand-knit scarf, a new deck, and even a small company– can lead individuals to overstate the value of that effort.

Michael Ojo is a web designer and pilot influencer. He runs a popular YouTube channel called MojoGrip (), where he shares his love of aviation. It's also where he documented a project near and dear to him: the structure of his very first set airplane, the Sling TSI () You'll hear the story of Michael's epic job. Whatever from the high learning curve, to the technical challenges, to the trials and adversities of building a complex piece of equipment in the midst of a pandemic. And after that, the huge question: will it fly?

Next, Mike Norton joins Katy to talk about the science behind why people tend to place a greater worth on their own jobs, using research that, among other experiments, observed volunteers as they completed basic origami projects and after that had them auctioned off against origami made by an expert. The results were unexpected, and rather captivating, as you'll hear from our re-enactment of the experiment.

Michael I. Norton () is the Harold M. Brierley Professor of Company Administration at the Harvard Business School () and co-author of the book Happy Money: The Science of Smarter Costs ().

Lastly, Katy goes over the methods which you can utilize this effect to improve joy and complete satisfaction, while preventing the risks of overvaluing your own handiwork.

Choiceology with Katy Milkman is an initial podcast from Charles (). For more on the series, check out .com/podcast ().

If you take pleasure in the program, please leave a ⭐ ⭐ ⭐ ⭐ ⭐ rating or review on Apple Podcasts. ().

Crucial Disclosures:

All expressions of opinion are subject to change without notice in response to moving market conditions.

The comments, views, and viewpoints expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.

Data contained herein from third-party service providers is gotten from what are thought about dependable sources. Nevertheless, its precision, efficiency or dependability can not be guaranteed.

All business names are for illustrative functions just and are not a suggestion, deal to offer, or a solicitation of a deal to purchase any security.

Investing includes danger, consisting of loss of principal. (0321-1YAM).

Some Assembly Preferred: With Guests Mike Norton & Michael Ojo

Wealth Builders Club
Wealth Builders Club Secrets Revealed – Click Here to Discover the #1 Investment Resource!

You May Also Like

About the Author: Richard Money

Leave a Reply

Your email address will not be published. Required fields are marked *