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Choiceology with Katy Milkman

Less Is More: With Guests Ryan McFarland & Gabrielle Adams

Choiceology with Katy Milkman

Charles Schwab

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

4.81.4K Ratings

🗓️ 14 March 2022

⏱️ 35 minutes

🧾️ Download transcript

Summary

Supply chain issues and income inequality notwithstanding, we live in an age of abundance. Our closets overflow with clothing. Many children have more toys than they could possibly enjoy. Garages are filled with sporting gear. Offices are cluttered with gadgets. And even our calendars are packed with meetings and tasks. It can all be a bit much. In this episode of Choiceology with Katy Milkman, we look at a bias that leads us to add to our collections and to-do lists but neglect to remove unnecessary or unhelpful items.

Transcript

Click on a timestamp to play from that location

0:00.0

There are some fires, obviously, in the city of San Francisco.

0:09.0

The earthquake today was measured between 6.5 and 7 on the Richter scale.

0:13.6

For South as Los Angeles, we have reports of major power outages in San Francisco.

0:18.8

On October 17th of 1989, San Francisco was rocked by a massive earthquake, which clocked

0:26.0

in at 6.9 on the Richter scale.

0:29.9

The Loma Prieta earthquake damaged many structures in the area, including the Embarcadero Freeway.

0:40.9

The two level elevated highway ran along the waterfront and carried tens of thousands

0:45.5

of vehicles each day up until the disaster.

0:49.9

In the aftermath of the quake, which caused huge segments of the freeway to collapse, the

0:55.1

California Department of Transportation planned to do the obvious.

0:59.5

Their pair and retrofit the double-decker freeway to make it safer.

1:03.1

They had the blessing of various groups inside and outside of the city, despite the fact

1:08.3

that it was going to be an incredibly expensive endeavor.

1:11.9

But Art Agnos, who was the mayor at the time, proposed demolishing and removing the freeway

1:16.9

entirely.

1:19.1

There was strong opposition to the idea.

1:21.9

Many people worried that it would choke traffic and affect local businesses, but it was

1:26.3

finally demolished in 1991.

1:31.5

The city built a ground-level boulevard in its place, along with a promenade for pedestrians

1:36.4

and cyclists.

1:38.8

Removing the freeway turned out to be a major improvement to San Francisco.

1:43.1

Today, where that massive freeway once stood, you'll find tourists and locals strolling

...

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