More Than a Feeling: With Guests Jamie Wall, Mona Krewel & Alex Edmans

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

🗓️ 11 April 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

While it’s nice to think of ourselves as rational decision-makers, more often than not, emotion plays a role in how we decide. Some people may spend more on a new car when the weather is nice. Others may take bigger risks than normal after indulging in a sweet dessert. Some may make rash choices following a disappointing end to their favorite TV series. In this episode of Choiceology with Katy Milkman, we look at how positive or negative sentiment from one part of your life can spill over and affect decisions in another.

Transcript

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0:00.0	Investors have been in a good mood this week. Perhaps after all the success at this
0:10.7	year's Olympics, the gold medal count continues to rise for American athletes. The Dow
0:16.1	S&P 500 and Nasdaq all trending higher. India is in mourning. After the death of its
0:21.6	beloved Bollywood singer, Bappi Lahiri. The market seems to be matching that somber
0:26.6	mood this week, with the NSE falling another 250 points.
0:32.9	It's tempting to think of the stock market as a coldly rational exchange of value based
0:38.1	on economic fundamentals. But there are many factors that can influence how the market
0:43.3	behaves, for better or for worse. In this episode, we look at how seemingly unrelated things,
0:50.7	like the sports teams we cheer for and the mood we're in, can affect the market and many
0:56.0	other aspects of our lives.
1:03.4	I'm Dr. Katie Milkman, and this is Choiceology, an original podcast from Charles Schwab. It's
1:09.3	a show about the psychology and economics behind our decisions. We bring you true stories
1:14.1	involving life-changing moments, and then we explore how they relate to the latest research
1:18.6	and behavioral science. We do it all to help you make better judgments and avoid costly
1:23.7	mistakes.
1:36.9	Our first guest comes to us from the future. We're a day ahead of you, but I think in terms
1:41.8	of fashion and music, we're about 20 years behind, so.
1:45.6	Okay, not the future, but certainly a distant time zone.
1:50.2	Hi, my name's Jamie Whirl. I'm a rugby writer and author based in Auckland, New Zealand.
1:55.9	Rugby might seem a bit strange to the uninitiated, but it's not so different from American football.
2:02.0	It's American football, but without the pads and the helmets. The key concept of the game
2:06.9	is the same, just to get the ball into the opposition's end zone, or we call it a
	...

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