loss aversion

The Kansas City Chiefs won last year's Super Bowl (LVII) and another just a few years before in 2020. The San Francisco 49ers last won a championship in 1995. In this short bonus episode, Mark Riepe shares his insights on how a concept from 18th-century mathematician Daniel Bernoulli might speak to our perceptions of utility, or emotional benefit, even regarding a team's preparation for a championship game.

Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit schwab.com/FinancialDecoder.

If you enjoy the show, please leave us a rating or review on Apple Podcasts.

Important Disclosures

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.  

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.  

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

Past performance is no guarantee of future results.

All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.

Please note that this content was created as of the specific date indicated and reflects the author’s views as of that date. It will be kept solely for historical purposes, and the author’s opinions may change, without notice, in reaction to shifting economic, business, and other conditions.

The Schwab Center for Financial Research is a division of Charles Schwab & Co.

(0224-JN9Y)

Today, we dive into a practical, resilient system to help you carve out and hold time for your startup amidst the craziness of your life. Most startups fail because the founders lose momentum when predictable life things pop up - you were supposed to work on your startup but your kid was sick or your job gets busy. You need to build a system that adjusts to this constant "failure state" - one that doesn't require Herculean willpower (wake up every day at 4am) and makes working on your startup easier than ignoring it. Today, we help you do that. 
 

• Tacklebox
• Loom
• OneTab
• Light Phone II

00:26 A System to Make Time for your Startup This year
02:55 Dad Fitness Club Idea
04:59 Smooth Jazz
05:41 Sell the Position
09:13 Life Inventory
10:11 Never Rely on Willpower
10:57 Previously On
12:42 The Five Minute List
13:44 Do The Thing
15:57 The End + The System

In this episode of The Revenue Cafe Podcast by Breadcrumbs Hot Takes Live, Karl Wierzbicki, a VP Sales & Marketing at Weavik Inc., challenges the conventional wisdom by arguing that every company should fail at marketing. He highlights the rapidly changing and unpredictable nature of the business world, emphasizing the need for adaptability and resilience. Karl delves into the valuable lessons that can be learned from marketing failures, including the opportunity to reevaluate assumptions, refresh foundational elements, and build habits that enhance a company's ability to respond to a dynamic environment.

KEY TAKEAWAYS

• The VUCA World: The volatile, uncertain, complex, and ambiguous (VUCA) nature of the business world makes it impossible to make perfect decisions, and the pace of change is outstripping companies' ability to adapt.
• Common Challenges: Karl outlines various challenges, such as chaotic workforces, talent shortages, enduring economic pessimism, and the increasing importance of AI in business strategy.
• Topic Avoidance: Avoiding discussions about marketing failures can be detrimental, as it often unfairly attributes blame to marketing teams and prevents a holistic examination of the root causes.
• Loss Aversion: The fear of failure can lead to making safer, smaller bets in marketing, hindering the pursuit of bold strategies with significant rewards.
• Shiny Object Syndrome: Blaming marketing tools for failures without a deep dive into root causes can perpetuate the belief that the latest technology is the solution, when in fact, the problem may be more fundamental.
• Learning from Failure: Embracing marketing failures as valuable data points can lead to improved collaboration, reassessment of foundational elements like ideal customer profiles and messaging, and the development of resilience in go-to-market strategies.

HIGHLIGHT QUOTES

• "We live in a world where we don't have all of the information or the opportunity to make perfect decisions."
• "Failure is good practice for adaptation and innovation. Take advantage of it."

You can find out more about Karl in the link below: 

• LinkedIn: https://www.linkedin.com/in/karlwierzbicki/

HOST: Armando Biondi
GUEST: Karl Wierzbicki
Breadcrumbs Podcast

Want to listen to more episodes? Visit **https://www.monologuesbyhasi.com/** or subscribe on your favourite podcast app.

To get in touch and leave me your 2c or ideas you'd like me to discuss in a future episode email me at hasi@monologuesbyhasi.com or reach me on twitter @realHasinthaA.

My intro and outro music are courtesy of Max Maikon and the Youtube Audio Library. Full credits are as follows:

Track: Equilibrium — Max Maikon [Audio Library Release]

Music provided by Audio Library Plus

*Watch:**https://youtu.be/v2G8waOzPQA***

*Free Download / Stream:**https://alplus.io/equilibrium***

Tune in to hear:

Learn how to adapt cognitive biases to your benefit within a sales funnel.

What is the mere exposure effect and why is it so powerful?

Considering the mere exposure effect, what chance do boutique asset managers have going against giants like BlackRock and how can they set themselves apart?

Is there such a thing as too much exposure and how can sales people intuit where to draw the line if so?

What is the loss aversion bias and how can it be used to your benefit within a sales context?

What is negativity bias and what are its implications for sales? How can you use negativity to better differentiate yourself from the broader market and how much is too much? 

What is status quo bias and how can it be applied to closing a sale?

Why are “sins of omission” typically judged less harshly than “sins of commission?”

https://www.stacyhavener.com

https://www.billiondollarbackstory.com

Compliance Code: 1732-OAS-6/26/2023

Constructing a retirement portfolio can be complex – how important is it to maximise the client's retirement income while managing the risks to the sustainability of their income and the need for flexibility as their circumstances change? The future is now and the ability to create certainty and confidence via easy access to new and innovative retirement solutions will be critical. I believe retirement strategies must adapt in line with markets and demographics trends and the additional risks that are relevant for investors in decumulation. Retirement income products of the future must be relevant to an ageing population that is living longer and who need certainty and confidence. - Mark Lapedus, Allianz Retire+. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Want to listen to more episodes? Visit https://www.monologuesbyhasi.com/ or subscribe on your favourite podcast app.

To get in touch and leave me your 2c or ideas you'd like me to discuss in a future episode email me at hasi@monologuesbyhasi.com.

My intro and outro music are courtesy of Max Maikon and the Youtube Audio Library. Full credits are as follows:

Track: Equilibrium — Max Maikon [Audio Library Release]

Music provided by Audio Library Plus

Watch:https://youtu.be/v2G8waOzPQA

Free Download / Stream:https://alplus.io/equilibrium

Tune in to hear:

- What was Drew’s experience studying under Richard Thaler like?

- Drew thinks that you have to hold a willingness to be right and to be wrong in equal measure at all times - is this something that Thaler modeled in his behavior and how does he think about this in the context of his own firm?

- What’s an analogy we can draw between Hank Aaron’s batting behavior and the act of picking stocks?

- What are a few techniques Drew has discovered to de-bias his thinking a bit?

- Drew is great at distilling highly complex concepts into easily understandable ideas - is this an important part of getting his institutional clients on the same page?

- What are "unknown knowns" and what do they have to do with confirmation bias? Why is the market so averse to ambiguity?

https://www.albertbridgecapital.com

Compliance Code: 0983-OAS-6/6/2022
 

In this episode, Maria walks us through the two behavioral economics concepts that perfectly explain the reason why renderings work.

• Loss aversion & perceived ownership - make your client see, feel and anticipate the experience, paint the picture of the end result
• Once the client sees the rendering, they feel ownership before they buy and they don’t want to lose it.
• Print media placements carry higher perceived value than online

Learn more about Maria’s digital sketching software to help your clients feel ownership of the project after the first appointment: https://designappy.com/

If you would like to get the links and show notes for this episode, click on the link below:

https://www.designerdiscussions.com/episodes/episode-44-Loss-Aversion-Why-Do-Renderings-Work

Transform your marketing with Designer Discussions Academy. In weekly face-to-face sessions, we equip busy business owners with cutting-edge PR strategies, marketing insights, and time-saving tools to not just work in your business, but on your business. Join us to outshine competitors and elevate your business.

Join us for our weekly live sessions and workshops: https://www.designerdiscussionsmarketing.studio/pages/academy

Designer Discussions is an educational interior design podcast on marketing, PR and related business topics. We also provide in-depth, actionable products in the Marketing Studio including time-saving templates and guides to help design professionals grow their businesses.

Download our FREE Client Avatar Guide https://designerdiscussionsmarketing.studio/store.

Designer Discussions is a partnership of three experts: Jason Lockhart, CEO of KABMS; Maria Martin, founder of DesignAppy; and Mirjam Lippuner, founder of Get Ink DIY

While it’s nice to think of ourselves as rational decision-makers, more often than not, emotion plays a role in how we decide. Some people may spend more on a new car when the weather is nice. Others may take bigger risks than normal after indulging in a sweet dessert. Some may make rash choices following a disappointing end to their favorite TV series.

In this episode of Choiceology with Katy Milkman, we look at how positive or negative sentiment from one part of your life can spill over and affect decisions in another.

In New Zealand in 2011, two seemingly unrelated events—a general election and a Rugby World Cup—may have been connected and influenced by national mood.

Auckland-based author and rugby player Jamie Wall brings us the story of the fabled All Blacks, the New Zealand men's national rugby team, and their nail-biting final match against archrival France. The All Blacks were considered one of the best teams in the world but hadn’t won a World Cup in 24 years. While they had home field advantage in 2011, they were facing steeper odds with the loss of several key players to injury during the tournament. 

You can read more about rugby and the All Blacks in Jamie Wall’s books, including his latest, Brothers in Black.

New Zealand’s prime minister at the time, John Key, bucked tradition by announcing a national election earlier than usual in his government’s mandate—the country does not have a regular election cycle—and by choosing an election date shortly after the end of the World Cup tournament. Some in the press speculated that this was a calculated move, meant to take advantage of any positive national sentiment that might arise from a World Cup win. 

Political scientist Mona Krewel explains how wins and losses in major sporting events can have a measurable effect on the outcome of elections. Monal Krewel is a lecturer in comparative politics with a specialization in the study of elections, political parties, and public opinion at Victoria University of Wellington.

Next Alex Edmans joins Katy to discuss his research into how national sentiment can affect the stock market. National sporting events seem to have an effect on markets as well as elections, particularly after important losses. But in more recent work, Alex explains how he and his collaborators discovered a novel way to measure sentiment on a national level using data from Spotify.

Alex Edmans is a professor of finance at London Business School and the current Mercers' School Memorial Professor of Business at Gresham College. He’s also the author of the recent book Grow the Pie: How Great Companies Deliver Both Purpose and Profit. 

Finally, Katy reviews several strategies to help you minimize the negative effects of certain emotions on key decisions. 

Choiceology is an original podcast from Charles Schwab. For more on the series, visit schwab.com/podcast.

If you enjoy the show, please leave a ⭐⭐⭐⭐⭐ rating or review on Apple Podcasts.

Important Disclosures

All expressions of opinion are subject to change without notice in reaction to shifting market conditions.

The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. 

Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

Investing involves risk, including loss of principal.

All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.

The book How to Change: The Science of Getting from Where You Are to Where You Want to Be is not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Charles Schwab & Co., Inc. (CS&Co.) has not reviewed the book and makes no representations about its content.

(0422-25V4)

הפרק דיברנו על למה הכאב מהפסד עולה בעוצמתו על השמחה שברווח.

שנאת הפסד היא תופעה מעניינת העוסקת בא-סימטריה ביחס שלנו כלפי רווחים והפסדים.

דיברנו על:

• איך שנאת הפסד משפיעה על התנהגות של משקיעים?
• מה גרם לסטודנטים להירשם בזמן לכנס בכלכלה התנהגותית?
• מדוע מדליית כסף יותר מאכזבת ממדליית ארד?
• ומה הקשר בין שנאת הפסד למאפייני אישיות?

בקיצור, לא כדאי לפספס! :)

~~~

👋 מי אנחנו?

תום אבן - מעצב חווית משתמש שאוהב מאוד פסיכולוגיה. 
מנחה סדנאות ליישום תובנות התנהגותיות, מלווה ומייעץ לסטארטאפים ומרצה לעיצוב ממשקים דיגיטליים בשנקר.

http://bit.ly/tomeven

~~~

רועי בן-דור כהן - בעל תואר שני בפסיכולוגיה קוגניטיבית ומנחה תהליכי חשיבה יצירתית. 
מייסד חברת מחקר וייעוץ בתחום של תובנות התנהגותיות. 

www.roybendor.com

https://www.q-bt.co/

~~~

📝 לא רוצים לפספס את עיקרי הדברים? ארגנו פירוט של הפרק במיוחד בשבילכם:

00:00 | מה יקרה אם לא תקשיבו לפודקאסט עד הסוף

--

02:02 | הגדרה של שנאת הפסד

--

03:17 | דוגמה מניסוי שערכו בגרמניה על האופן שבו שנאת הפסד מניעה לפעולה (אפקט המסגור)

--

06:41 | האם שנאת הפסד זו תופעה אמיתית?

--

08:22 | על השקעות, שנאת הפסד ושאר ירקות

--

10:10 | מדוע מדליסטים אולימפיים שזכו במדליית כסף פחות שמחים מאלו שזכו בארד?

--

12:28 | על הקשר בין מאפייני אישיות ומשתנים דמוגרפיים מסוימים לשנאת הפסד

--

17:54 | בקשה מהמאזינים

--

19:29 | מילות סיום

~~~

📌 לינקים למיטיבי לכת:

🔗  שנאת הפסד, או למה אסור לכם לפספס את הטור הזה \\ רועי בן-דור כהן (טור בגלובס)

https://www.globes.co.il/news/article.aspx?did=1001357070

🔗  Kahneman, D. & Tversky, A. (1979). "Prospect Theory: An Analysis of Decision under Risk". Econometrica. 47 (4): 263–291.

https://www.uzh.ch/cmsssl/suz/dam/jcr:00000000-64a0-5b1c-0000-00003b7ec704/10.05-kahneman-tversky-79.pdf

🔗 Tversky, A. & Kahneman, D. Advances in prospect theory: Cumulative representation of uncertainty. Journal of Risk and Uncertainty 5, 297–323 (1992).

https://psych.fullerton.edu/mbirnbaum/psych466/articles/Tversky_Kahneman_JRU_92.pdf

🔗  Why bronze medalists are happier than silver winners

https://blogs.scientificamerican.com/thoughtful-animal/why-bronze-medalists-are-happier-than-silver-winners/

🔗 Loss aversion design pattern

http://ui-patterns.com/patterns/Loss-aversion .

🔗 Revise the belief in loss aversion

https://www.frontiersin.org/articles/10.3389/fpsyg.2019.02723/full

🔗 Are experimental economists prone to framing effects? A natural field experiment

https://linkinghub.elsevier.com/retrieve/pii/S0167268109000171

🔗 Dark patterns

https://www.darkpatterns.org/

🔗 Don’t miss our newsletter:

www.mindesign.club

💌  רוצה להירשם לניוזלטר שלנו? כל מה שנשאר לך לעשות זה ללחוץ ממש כאן

The team talks about behavioral finance and the impact that your behavior can have on your investment portfolio. They talk about various biases, such as conservatism, overconfidence, herd behavior, and loss aversion. Casey Smith, Matthews Barnett, CFP®, ChFC®, CLU® and Brad Lyons, CFP® tell you how to overcome bias and set yourself up for success. 

- Click here to download one of our free guides that covers financial planning topics like retirement, investing, taxes, divorce, and more!

- Click here to schedule a consultation with one of our financial advisors.

Connect With Wiser Wealth:
- Wiser Wealth Management Website
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This podcast was produced by Wiser Wealth Management. Thanks for listening!

Did gunpowder change the world, especially the Medieval World? What is an emotion and why is it so complicated. The changing nature of loss aversion and poo. We generate a lot of it, what can we do with it?

Tune in to hear:

- Is the market always crazy or does it go through long periods of predictability in many peoples’ lifetimes? Is uncertainty implicit in capital markets?

- There’s always going to be a reason to fear, there’s always going to be a reason not to invest. What pragmatic steps can we take to invest thoughtfully in the face of this?

- Why might concentrated, active portfolios make more sense for some subset of the population?

- What are some potential catalysts that could bring active management back in favor?

- How does Emilie think about active management from an angle of creative destruction?

- Financial wellness is a term that is thrown out there a lot, but it is rarely elucidated in depth or operationalized. What does financial wellness really look like?

- Has Emilie noticed patterns of how clients’ behaviors and concerns differ between those with varying tiers of wealth?

- What’s a financial concern for women that men are largely oblivious to?

Instagram @emiliedayanhill

Compliance Code: 2928-OAS-11/17/2021

Despite the many interesting things promised in networking, people continue to stay away from it because of its culture of manipulation. It's missing one important element: a sense of belongingness. Join this conversation with Jon Levy, a behavioral scientist, to talk about his book, You're Invited. Our discussion takes us through a step-by-step process of cultivating influence to improve work, business, and life. We delve into how people can grow and move forward by forging genuine emotional connections, even in the face of vulnerability and imperfections. Life must be treated as an infinite game, bringing people together on an endless journey of trust, honesty, and benevolence. 

Love the show? Subscribe, rate, review, and share! https://www.barrykibrick.com/episodes-1/how-to-leave-a-review

מה משותף לקמפיין של 30 יום ניסיון, מודל פרימיום ונסיעת מבחן במכונית?

בכל המקרים נוצרת תחושת בעלות של הלקוח על המוצר וכתוצאה מכך גובר הסיכוי שתיסגר העסקה.

בפרק 04 נדבר על "אפקט הבעלות" - הנטייה של אנשים להעריך דברים שבבעלותם יותר משהם מעריכים מה שאינו בבעלותם.

 כמה שאלות שעליהן נענה בפרק:

איך חברות כמו לינקדין, אפל ודואלינגו מניעות אותנו לשימוש באפליקציות שלהם?

מה עשו בפארקים ציבוריים בארצות הברית כדי למנוע ממבקרים ללכלך?

ואיך משמרים עובדים בארגון לאורך זמן?

האזנה נעימה,
תום ורועי

~~~

 ממליצים ללחוץ על הכפתור למעלה ולעקוב אחרי הפודקאסט (חבל לפספס פרקים חדשים, לא?).

מוזמנים להצטרף (בחינם) למועדון מומחי ההתנהגות שלנו ולקבל את הניוזלטר ישירות אל האינבוקס שלכם.

יש לך טלגרם? יש לנו שם קבוצה

~~~

👋  מי אנחנו?

תום אבן - מעצב חווית משתמש שאוהב מאוד פסיכולוגיה. מנחה סדנאות ליישום תובנות התנהגותיות, מלווה ומייעץ לסטארטאפים ומרצה לעיצוב ממשקים דיגיטליים בשנקר.

http://bit.ly/tomeven

~~~

רועי בן-דור כהן - בעל תואר שני בפסיכולוגיה קוגניטיבית ומנחה תהליכי חשיבה יצירתית. מייסד חברת מחקר וייעוץ בתחום של תובנות התנהגותיות. 

www.roybendor.com

https://www.q-bt.co/

~~~

📝 הפודקאסט הוא שלכם ובשבילכם - לכן ארגנו פירוט של הפרק:

00:00 | פתיחה

--

02:32 | אפקט הבעלות, שנאת הפסד, חתן פרס הנובל לכלכלה ריצ'ארד ת'אלר

--

05:11 | למה תמיד משתמשים בספלים בניסויים שקשורים לאפקט הבעלות?

--

06:00 | ניסוי הספלים וחטיף השוקולד

--

08:28 | על ההבחנה בין Endowment Effect ו Mere Ownership

--

08:57 | דוגמאות לאפליקציות ופלטפורמות שבהן נעשה שימוש באפקט הבעלות 

--

10:11 | למה 30 יום ניסיון, גרסת פרימיום ונסיעת מבחן מגדילים את הסיכוי לסגירת עסקה?

--

12:30 | מדוע נסכים לשלם יותר על מוצר שנקנה דרך אייפד לעומת כזה שנרכוש דרך המחשב?

--

13:30 | איך אפשר להשתמש באפקט הבעלות בהקשר פנים-ארגוני?

--

14:30 | איך לגרום לאנשים לא לכלך פארקים ציבוריים?

--

16:48 | טיפים (של אלופים) לסיום

--

19:19 | #פינת_ההאשטגים

--

22:13 | סיום

~~~

📌 לינקים למיטיבי לכת:

🔗  Kahneman, Daniel, Jack L. Knetsch, and Richard H. Thaler. 1991. "Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias." Journal of Economic Perspectives, 5 (1): 193-206.

https://scholar.princeton.edu/sites/default/files/kahneman/files/anomalies_dk_jlk_rht_1991.pdf

🔗 Kahneman, D., Knetsch, J., & Thaler, R. (1990). Experimental Tests of the Endowment Effect and the Coase Theorem. Journal of Political Economy, 98(6), 1325-1348.

https://web.mit.edu/curhan/www/docs/Articles/15341_Readings/Behavioral_Decision_Theory/Kahneman_et_al_1990_Experimental_tests.pdf

🔗  צעד פשוט יגרום לאנשים לשמור טוב יותר על מקומות ציבוריים - הבלוג של אורן שפירא בדה-מרקר

https://www.themarker.com/blogs/oren-shapira/BLOG-1.9496049

🔗 Mere Ownership Effect

http://sk.sagepub.com/reference/socialpsychology/n333.xml

"כי זה שלי!" או איך משתמשים באפקט הבעלות לניהול אפקטיבי - הבלוג של רועי בן-דור כהן בגלובס 🔗

https://www.globes.co.il/news/article.aspx?did=1001360289

🔗 Be part of the club:

www.mindesign.club

💌  רוצה להירשם לניוזלטר שלנו? כל מה שנשאר לך לעשות זה ללחוץ ממש כאן

Jon Samnick has been an entertainment lawyer, founder of multiple product companies, c-level executive, former Chief Counsel for Intellectual Property and Strategic Alliances at the US Small Business Administration and executive coach for the last 25 years.  Among others, Jon has represented The Beatles, The Estate of Jimi Hendrix, launched the world’s largest digital music platform on AOL, and ran business affairs for the largest benefit concerts of their time (The Concert for New York City and Live Earth: The Concerts for a Climate in Crisis). He and his wife are founders of Maddyloo, a leading women’s fashion accessories company which has sold millions of hair ties and other accessories since 2011 - and he actively represents other consumer packaged goods companies to bring products to their market. 

Jon is an an accountability coach in the Build Your Life Resume (BYLR) community and he does 1-on-1 and group coaching as "The Pivot Coach” (www.pivotcoach.com). He has years of experience as a grief counselor and runs a group for family members of those suffering from addiction and mental illness. As a coach, Jon's work focus is on personal transformation and he openly shares his own transformative experiences in his work with his clients. Using best practices in mindfulness, meditation, leadership, and development of positive company culture Jon has successfully coached CEOs, industry leaders, entrepreneurs, and families to achieve their goals and find their true calling.  Jon works to help people looking to “pivot” in their personal or business relationships, limiting beliefs, habits, and identities, and helps them to find their true passion and purpose with confidence, clarity and true happiness.  

In Folge 29 von "Marketing Mysteries" spricht Philipp Kaul von vimabu über drei psychologische Phänomene der Marketingwelt.

00:00 - Begrüßung
00:57 - Inhalt der Folge
01:17 - Mere-Exposure-Effekt
07:00 - Baader-Meinhof-Phänomen
12:30 - Die Verlustaversion
15:32 - Fazit

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For some people, the check engine light on their car dashboard means an immediate trip to the repair shop. But for others, it represents a nagging unpleasant feeling that’s best to be avoided. So they put it out of their mind for as long as they can. 

In this episode of Choiceology with Katy Milkman, we examine the tendency to avoid or ignore certain information when it may be uncomfortable or inconvenient.

Amelia Boone is a high achiever. Within a short time of taking up the grueling sport of obstacle course racing, she was winning world championships. At the top of her game, she went looking for other challenges, and eventually took up ultra-running—where athletes compete in races longer than marathons, sometimes as long as 100 miles! Again, Amelia quickly rose to the upper echelons of this elite club of athletes.

But then the injuries began. You’ll hear about Amelia’s attitude of pushing through the pain and training harder—an attitude that nearly destroyed her athletic career. When her injuries finally sidelined her from racing, Amelia realized that she’d been ignoring a crucial aspect of her health. 

Amelia Boone is an obstacle racer, ultra-runner, and attorney living in Colorado.

Next, Emily Ho joins Katy to talk about the science behind this tendency to avoid certain types of information. She explains how the phenomenon impacts investors, medical patients, and employees, and she illustrates the perils of ignoring uncomfortable facts.

Emily Ho is a research assistant professor at Northwestern University’s Department of Medical Social Sciences. You can read more about information avoidance in the research paper she co-authored with George Loewenstein and David Hagmann.

Choiceology is an original podcast from Charles Schwab. For more on the series, visit schwab.com/podcast.

If you enjoy the show, please leave a ⭐⭐⭐⭐⭐ rating or review on Apple Podcasts.

Important Disclosures:

All expressions of opinion are subject to change without notice in reaction to shifting market conditions.

The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.

Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

(0920-0817)

Why do we remember that one bad thing someone said about us, but not all the great compliments we've received? And why does the news always report bad stuff? The answer lies in thousands of years of evolution.

episode photo: Elijah O'Donnell on Unsplash