Out of Focus: With Guests Dolly Chugh, Max Bazerman & Mark Pendergrast

March 18, 2019
People overlook important information—even when it’s easily accessible or, in hindsight, downright obvious.

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After you listen

Investors often focus on the risks and costs that they expect to see but miss the ones they haven't been conditioned to consider.

  • Listen to the Financial Decoder podcast to learn about avoiding these kinds of blind spots in your financial decision making.

Investors often focus on the risks and costs that they expect to see but miss the ones they haven't been conditioned to consider.

  • Listen to the Financial Decoder podcast to learn about avoiding these kinds of blind spots in your financial decision making.

If you've ever watched a TV crime drama, you've probably heard that eyewitness testimony is notoriously unreliable. A person commits a crime literally right in front of someone else, but the witness can't identify key characteristics of the perpetrator—or worse, gets the details wrong and implicates an innocent person. Why does this happen?

In this episode of Choiceology with Katy Milkman, we look at the limitations of attention and perception.

Choiceology is an original podcast from Charles Schwab.

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Nudges are small but powerful parts of choice architecture.