An Economist’s Guide To Big Decisions - Russ Roberts

Russell Roberts is an economist, a research fellow at Stanford University, President designate of Shalem College in Jerusalem, an author and a podcaster. Economics promised us a model which works for all of life's decisions. From what to buy for lunch to investing in a company. But when you're faced with decisions like where to live, how many children to have, whether to get married or what sort of person you want to be, it falls short. Thankfully Russ has a new toolkit. Expect to learn why Charles Darwin made a checklist before marriage which said his wife was slightly better than a dog, why the decision about whether to have children is so difficult to predict, whether rationality is totally incompatible with the decisions that define us, why happiness is overrated as an optimising function, whether tradition is any use and much more... Sponsors: Get 83% discount & 3 months free from Surfshark VPN at https://surfshark.deals/MODERNWISDOM (use code MODERNWISDOM) Get a Free Sample Pack of all LMNT Flavours at https://www.drinklmnt.com/modernwisdom (discount automatically applied) Get 15% discount on all VERSO’s products at https://ver.so/modernwisdom (use code: MW15) Extra Stuff: Buy Wild Problems - https://amzn.to/3qWTzRa Follow Russ on Twitter - https://twitter.com/EconTalker Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom #lifeadvice #mindset #rationality - 00:00 Intro 00:29 How Economists Make Decisions 05:35 Learning Happiness 17:45 The Story of Darwin’s Marriage 25:56 Anxiety Cost of ‘What Ifs’ 33:55 How to Have a Life Well Lived 48:26 Principles for Big Decisions 59:54 Where to Find Russ - Get my free Reading List of 100 life-changing books here - https://chriswillx.com/books/ Listen to all episodes on audio: Apple Podcasts: https://apple.co/2MNqIgw Spotify: https://spoti.fi/2LSimPn - Get in touch in the comments below or head to... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx Email: https://chriswillx.com/contact/

Russ RobertsguestChris Williamsonhost

Sep 26, 20221h 0mWatch on YouTube ↗

EPISODE INFO

Released: September 26, 2022
Duration: 1h 0m
Channel: Modern Wisdom
Watch on YouTube: ▶ Open ↗

EPISODE DESCRIPTION

Russell Roberts is an economist, a research fellow at Stanford University, President designate of Shalem College in Jerusalem, an author and a podcaster. Economics promised us a model which works for all of life's decisions. From what to buy for lunch to investing in a company. But when you're faced with decisions like where to live, how many children to have, whether to get married or what sort of person you want to be, it falls short. Thankfully Russ has a new toolkit. Expect to learn why Charles Darwin made a checklist before marriage which said his wife was slightly better than a dog, why the decision about whether to have children is so difficult to predict, whether rationality is totally incompatible with the decisions that define us, why happiness is overrated as an optimising function, whether tradition is any use and much more... Sponsors: Get 83% discount & 3 months free from Surfshark VPN at https://surfshark.deals/MODERNWISDOM (use code MODERNWISDOM) Get a Free Sample Pack of all LMNT Flavours at https://www.drinklmnt.com/modernwisdom (discount automatically applied) Get 15% discount on all VERSO’s products at https://ver.so/modernwisdom (use code: MW15) Extra Stuff: Buy Wild Problems - https://amzn.to/3qWTzRa Follow Russ on Twitter - https://twitter.com/EconTalker Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom #lifeadvice #mindset #rationality - 00:00 Intro 00:29 How Economists Make Decisions 05:35 Learning Happiness 17:45 The Story of Darwin’s Marriage 25:56 Anxiety Cost of ‘What Ifs’ 33:55 How to Have a Life Well Lived 48:26 Principles for Big Decisions 59:54 Where to Find Russ - Get my free Reading List of 100 life-changing books here - https://chriswillx.com/books/ Listen to all episodes on audio: Apple Podcasts: https://apple.co/2MNqIgw Spotify: https://spoti.fi/2LSimPn - Get in touch in the comments below or head to... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx Email: https://chriswillx.com/contact/

SPEAKERS

Russ Roberts
guest
Chris Williamson
host

EPISODE SUMMARY

In this episode of Modern Wisdom, featuring Russ Roberts and Chris Williamson, An Economist’s Guide To Big Decisions - Russ Roberts explores beyond Cost-Benefit: Rethinking Life’s Biggest, Wildest Decisions Wisely Russ Roberts critiques the traditional economic model of decision-making—maximizing pleasure under constraints—as too narrow for life’s defining choices about marriage, children, career, and character.

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