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Choiceology with Katy Milkman

The Bad with the Good: With Guests Uzma Khan & Gustav Källstrand

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

🗓️ 24 October 2022

⏱️ 31 minutes

🧾️ Download transcript

Summary

You've probably caught yourself indulging after a workout or a game or a stretch of healthy eating. Maybe it was a pint or two after a soccer game or an extra piece of cheesecake after a vigorous hike. These indulgences are easier to justify after a healthy activity. Ironically, though, these indulgences can undo some of your hard work. So why do we tend to behave this way? In this episode of Choiceology with Katy Milkman, a look at how we justify our decisions based on previous behavior.

Transcript

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0:00.0

A study called Fit and Tipsy was published in a leading sports medicine journal in early

0:12.3

2022. Researchers found a surprising relationship between people's levels of exercise and alcohol

0:19.7

consumption. Essentially, they found that higher fitness levels were often linked with

0:24.7

drinking more booze. It's strange to think that people who generally take better care

0:29.4

of their physical health by going to the gym or playing sports would also drink more,

0:35.1

given the well-known adverse effects of alcohol on health. Though maybe it's not so strange

0:40.3

when you imagine football tailgates or weekend baseball tournaments. Maybe you've seen this

0:45.7

kind of contradictory behavior in other places as well. The coupon cutter who takes exorbitant

0:50.9

vacations, or the dedicated recycler who drives a gas guzzler.

0:57.2

In this episode, we look at a phenomenon that can set us up to behave better or worse

1:01.9

in the future. And I'll speak with University of Miami Marketing Professor Uzma Khan about

1:07.2

the pitfalls of good behaviors when they empower bad ones.

1:17.1

I'm Dr. Katie Milkman, and this is Choiceology, an original podcast from Charles Schwab. It's

1:22.8

a show about the psychology and economics behind our decisions. We bring you truly

1:27.1

new stories involving dramatic choices, and then we explore how they relate to the latest

1:31.7

research and behavioral science. We do it all to help you make better judgements and

1:36.3

avoid costly mistakes.

1:52.4

This is Gustav.

1:53.7

Hi, my name is Gustav Shastrand. I'm a senior curator at the Nobel Prize Museum in Stockholm.

2:00.3

Alfred Nobel was born in Stockholm grew up very poor. His father was an inventor who lost all

2:05.3

of his money and moved to Russia to escape his creditors. After losing everything, Alfred

2:11.3

Nobel's father managed to build a fortune by inventing a deadly weapon.

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