Steven Levitt

speaker
124 appearances 3 recordings 1 series first heard Jun 2014 last heard Jun 2014

Steven Levitt’s voice in public audio — every appearance, attributed to the second.

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help people think differently about the problem so maybe they could come to some resolution.
Many people, even after having done that, still couldn't decide what they should do.
And then we did the ultimate favor to these folks, which is that we decided for them.
We flipped a coin.
Okay, so you want me to help you decide that?
Yes, please.
Okay, so before I would flip a coin, I would want to ask you a few questions about that.
Okay.
So if you had to decide today, which way are you leaning?
You're leaning no.
Okay.
And have you in the recent past been leaning yes or you've been leaning no the whole time?
Okay.
One thing I think that's helpful in decision making is to first think about if you move in and the worst case scenario and think about how bad that is and how much regret you'll have.
Okay.
And then think about if you don't move in, the worst case scenario and kind of how much regret you have.
Because I think that that's not a crazy way to make decisions is to say, I'm going to take the path where in the worst case, I will have the least regret.
So is there one path or the other which feels incredibly like we would have the most regret?
So that to me would argue towards moving in.
Okay, but you want, you ready to flip the coin?
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