An Economist’s Guide To Life’s Big Decisions - Russ Roberts - #531
Russ Roberts is an economist, a research fellow at Stanford University, 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...
September 26, 2022
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Episode 531 · September 26, 2022
An Economist’s Guide To Life’s Big Decisions - Russ Roberts - #531
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1:00:42This episodeAn Economist’s Guide To Life’s Big Decisions - Russ Roberts - #531
Summary
Russ Roberts is an economist, a research fellow at Stanford University, 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...
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Timestamps:
(00:00) Intro
(00:29) How Economists Make Decisions
(05:35) Learning Happiness
(17:45) The Story of Charles 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
Extra Stuff:
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