Develop Smarter Heuristics to Succeed in Life | DTPHD Podcast 19

***** Join David Tian on the "DTPHD Podcast" as we explore deep questions of meaning, success, truth, love, and the good life. Join our private Facebook group here: https://www.facebook.com/groups/dtphdpodcast/ ***** For over a decade, David Tian, Ph.D., has helped hundreds of thousands of people from over 87 countries find happiness, success, and fulfillment in their social, professional, and love lives. His presentations - whether keynotes, seminars, or workshops - leave clients with insights into their behavior, psychology, and keys to their empowerment. His training methodologies are the result of over a decade of coaching, therapy, and education of thousands of students around the world. Join him on the "DTPHD Podcast" as he explores deep questions of meaning, success, truth, love, and the good life. Subscribe now. Connect with David Tian here: Website: https://www.davidtianphd.com/ Facebook: https://www.facebook.com/davidtianphd DTPHD Podcast Facebook Group: https://www.facebook.com/groups/dtphdpodcast/ Man Up Show Facebook Group: https://www.facebook.com/groups/manupcommunity/ YouTube: https://www.youtube.com/user/TheAuraUniversity Instagram: https://www.instagram.com/davidtianphd/ Podcast: https://www.davidtianphd.com/dtphdpodcast Medium: https://medium.com/@davidtian Twitter: https://twitter.com/davidtianphd ***** HENRY CHONG is our special guest speaker on this episode. Henry is Director of Fusang Capital, a fund management company that manages the assets of multi-family offices. He is also a Director at the Portcullis Group, Asia's biggest independent group of trust companies, providing comprehensive wealth administration to high-net-worth individuals, providing a one-stop shop for corporate, trustee, and fund administration services to individuals, family offices, philanthropies, private banks, and investment managers. Henry is a graduate of Oxford University with a B.A. (Hons) in Philosophy Politics & Economics and is a founder of the Oxford Economics Society. He also holds a M.Sc. in Behavioral Science from the London School of Economics and is a Fellow of the Royal Society of Arts (FRSC). He will be sharing with us from his deep insights in behavioral economics, finance, health, and psychology. Connect with Henry here: http://henrychong.com/http://henrychong.com/ ***** Show Notes: 2:27 What is a heuristic? 5:59 This is how to apply heuristics in life 11:15 How decisions are made in high pressure environments 15:37 Are we unconsciously using heuristics in our daily lives? 18:55 Where do we do better — algorithmic or heuristic thinking? 22:47 Understanding heuristics through the modern portfolio theory 27:58 Are all decisions emotionally driven? 30:00 How our brains operate in decision-making 33:35 This is how heuristics can be extremely useful 36:56 Relating the paradox of Buridan's ass to our emotions 42:18 One of the most powerful heuristics 44:17 How artificial intelligence relates to heuristics For transcriptions and more free resources, go here: https://www.davidtianphd.com/podcast/smarter-heuristics/