4.6 • 935 Ratings
🗓️ 6 September 2024
⏱️ 12 minutes
🧾️ Download transcript
Today, you’ll learn about the part of the brain that keeps us focused on our goals - even when it would be better to quit, a massive discovery of lost wheat genes that could help feed a crowded planet, and the new wearable technology that could diagnose disease by monitoring your sweat.
Sunk Cost Fallacy
Wheat Genes
Sweat Monitor
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0:00.0 | Hello everyone and welcome to Curiosity Daily from Discovery. It's a wonderful place to get |
0:08.6 | smarter in just a few minutes. I'm Nate and I'm Callie. If you're dropping in for the first time welcome to curiosity where we aim to blow your mind by helping you to grow your mind |
0:16.7 | Today you learn about the part of the brain that keeps us focused on our goals even when it would be better to quit, a massive discovery of lost wheat genes |
0:24.5 | that could help feed a crowded planet, and a new wearable technology that could |
0:28.8 | diagnose disease by monitoring your sweat. |
0:31.8 | Okay, no that sounds gross. |
0:34.0 | Fine. |
0:36.0 | People are always setting goals. |
0:38.0 | It's kind of our thing, |
0:40.0 | and many of us have set goals that we just can't quit, |
0:42.0 | even when it would be a good idea to change gears. |
0:45.1 | Oh, yeah, I've started projects that get out of hand, maybe the further along I got, the more I could see this goal was going to be way more expensive or complicated than I thought. |
0:57.3 | Yeah, no, I've actually seen you do this. Anyways, you know you should probably just give up, but you can't. |
1:04.2 | But once you get going toward a goal like that, it's hard to quit. |
1:09.1 | So that's called the sunk cost fallacy. |
1:12.0 | Right, yeah, I've heard about this. |
1:13.7 | I learned about in psychology class. |
1:15.2 | Basically, if you've already put a ton of time and effort or let's be honest, |
1:19.7 | money toward a goal, it feels like a waste to quit before you achieve it. Even if you can |
1:25.9 | clearly logically reasonably see that it is in your best interest to quit. |
1:30.6 | Exactly. So this is typically a theory in behavioral economics, which is basically the study of how a bunch of factors |
1:38.1 | come together to influence our economic decisions. |
... |
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