In Season 3 of How to Choose, we’re exploring the topic of thinking problems or biases that get in the way of making accurate judgements and good decisions. We'll look at eight common problems and suggest some ways that we can reduce (but sadly not eliminate!) the impact of these problems.

KEY TAKEAWAYS

You're probably not as rational as you'd like to think - but that's okay, that's how our brains have evolved. Emotional - non-rational - responses can sometimes offer survival benefits. Learning to recognise common thinking problems is a really important step towards making fewer poor judgements and decisions!

LINKS

If today's topic piqued your interest and you'd like to learn more about behavioural economics, check out the resources tab on our website - https://goodbetterright.com.au/resource/

WHAT TO DO?

Our brains don't allow us to be complete rational and logical - but don't despair. Acknowledging the impact irrational thinking can have on our decision making is a good first step. Listen to the rest of season 3 to learn more about these 'thinking problems' and how you can reduce the impact they have on your judgements and decisions.

IN OUR NEXT EPISODE...

In our next episode we explore the very common thinking problem called 'confirmation bias'. Don't miss it!

For more episodes and information about decision making head over to our website: https://goodbetterright.com.au/podcast/

Tessa Mudge and Ken Smith