Fail Better: With Guests Joseph Herscher & Lauren Eskreis-Winkler

Choiceology with Katy Milkman

Charles Schwab

Behavioral Economics, Society & Culture, Social Sciences, Decision Making, Charles Schwab, Business, Science, Investing, Dan Heath, Katy Milkman

4.8 • 1.4K Ratings

🗓️ 15 August 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

You hear it a lot in contemporary education, the tech world, and the arts: that it's important to fail, to make mistakes so that you can learn from them and get better at whatever you do. But that generally accepted wisdom is incomplete. In this episode of Choiceology with Katy Milkman, we look at how failure can cloud your ability to learn and to improve.

Transcript

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0:00.0	The famous English author, Neil Gaiman, gave a memorable and much-discussed commencement
0:16.4	speech at the University of the Arts in Philadelphia in 2015.
0:21.0	At the end of the speech, he encouraged students to make interesting mistakes, make amazing
0:26.9	mistakes, make glorious and fantastic mistakes.
0:31.9	The idea being that the way we learn best is by failing.
0:36.7	But what if that idea is wrong?
0:39.8	In this episode, you'll hear about a pattern in the way we process information that may
0:44.1	seem a bit counterintuitive.
0:46.7	One that contradicts a lot of what we've been taught about failure.
0:50.9	Northwestern University Professor Lauren Eskris-Winkler joins me to discuss what we miss
0:55.3	when we fail.
0:56.8	And you'll hear from an artist who has become an expert at learning from his mistakes.
1:06.9	I'm Dr. Katie Milkman, and this is Choiceology, an original podcast from Charles Schwab.
1:12.3	It's a show about the psychology and economics behind our decisions.
1:16.6	We bring you true stories involving life-changing moments, and then we explore how they relate
1:21.3	to the latest research and behavioral science.
1:24.3	We do it all to help you make better judgments and avoid costly mistakes.
1:41.9	So I had this idea, what if I had a machine that, the moment you finished your dinner,
1:47.8	it served you dessert.
1:49.5	And so the whole machine starts with me eating dinner, and I take a sip of my drink.
1:54.4	And when I place my drink back down, I place it on a little platform, and that kick starts
2:00.4	this chain reaction.
	...

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