SYSK Choice: How Choice Architecture Works & The Benefits of Selfishness Done Correctly

Seems like everyone hates passwords. If they are too random, you forget them. If they are too obvious, you could be hacked. This episode begins with a quick and easy formula to create passwords that are easy to remember and no one else will ever guess. Source: Eran Katz author of Where Did Noah Park The Ark (https://amzn.to/3at5fmx). When you make a choice – any choice, your decision is influenced by so many factors. For example, the order the options were presented to you and who presented them has an influence on your choice. There is a name for this. It is “choice architecture” and it is fascinating and important to understand. One of the leading experts on choice architecture is Eric Johnson, Director of the Center for Decision Sciences at The Columbia Business School and author of the book The Elements of Choice: Why the Way We Decide Matters (https://amzn.to/3mK49bN). Listen as Eric reveals how other people and situations influence what you choose and how you influence the choices other people make – even if you don’t realize it. Most of us probably think that being selfish is wrong. However, that may be a false belief. In fact, maybe we should all be a little more selfish a little more often. That’s according to Michelle Elman. Michelle is a coach and speaker who has been named 1 of the 50 most inspirational women in the UK. Her book is called The Joy of Being Selfish (https://amzn.to/3AvyQq8) and she joins me to discuss the benefits of taking better care of your needs and desires and setting up boundaries for others. We all know everyone lies sometimes. And we all do it for the same reasons. Listen as I explain why we lie, how lying works and how it starts very early in life. https://www.ted.com/speakers/kang_lee PLEASE SUPPORT OUR SPONSORS! PrizePicks is a skill-based, real-money Daily Fantasy Sports game that's super easy to play. Go to https://prizepicks.com/sysk and use code sysk for a first deposit match up to $100 With HelloFresh, you get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep. Go to https://HelloFresh.com/50something and use code 50something for 50% off plus free shipping! BetterHelp is truly the best way to make your brain your friend. Give it a try. Visit https://BetterHelp.com/Something today to get 10% off your first month! Zocdoc is the only FREE app that lets you find AND book doctors who are patient-reviewed, take your insurance, are available when you need them! Go to https://Zocdoc.com/SYSK and download the Zocdoc app for FREE. Let’s find “us” again by putting our phones down for five.  Five days, five hours, even five minutes. Join U.S. Cellular in the Phones Down For Five challenge! Find out more at https://USCellular.com/findus Planet Money is an incredible podcast with stories & insights about how money shapes our world. Listen to Planet Money https://npr.org/podcasts/510289/planet-money wherever you get your podcasts! Learn more about your ad choices. Visit megaphone.fm/adchoices