Something You Should Know - Eleven Inventions That Changed the World & The Right Way to Make Love and Money Decisions - SYSK Choice
Episode Date: January 25, 2025The origins of the names for popular food products often make interesting stories. For instance, why are they called marshmallows? Why is Spam called Spam? What do gators have to do with Gatorade? Thi...s episode begins with the origin stories of some iconic foods. https://www.yahoo.com/lifestyle/tagged/health/at-home/odd-facts-7-iconic-products-164000529.html Some inventions have had profound effects on how humans see themselves and our place in the world. For example, the mirror, photography, television, and the smartphone have all significantly changed our perception of ourselves. Here to explain this and the significance of it all is Susan Denham Wade author of the book A History of Seeing in Eleven Inventions (https://amzn.to/3vZdj9k) The most difficult decisions we most often make are about love and money. So how can we improve our ability to make these important decisions? Here with some great insight and advice is Myra Strober. She is a labor economist, Professor Emerita at Stanford University and author of the book Money and Love: An Intelligent Roadmap for Life’s Biggest Decisions (https://amzn.to/3H34xNO) Your gym teacher probably told you to stand up straight and suck in your gut. It turns out half of that advice is good – the other half isn’t. Listen as I explain why. https://www.washingtonpost.com/lifestyle/2021/11/12/how-to-stop-holding-in-stomach/ PLEASE SUPPORT OUR SPONSORS!!! SHOPIFY:  "Established in 2025". Has a nice ring to it, doesn't it? Sign up for a $1 per-month trial period at https://Shopify.com/sysk . Go to SHOPIFY.com/sysk to grow your business! HERS: Hers is changing women's healthcare by providing access to GLP-1 weekly injections with the same active ingredient as Ozempic and Wegovy, as well as oral medication kits. Start your free online visit today at https://forhers.com/sysk INDEED: Get a $75 sponsored job credit to get your jobs more visibility at https://Indeed.com/SOMETHING right now! CURIOSITY WEEKLY: We love Curiosity Weekly, so be sure and listen wherever you get your podcasts! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Today on Something You Should Know,
the interesting ways some food products got their names.
Then, inventions that dramatically changed how we see the world.
Television, eyeglasses, the smartphone, even mirrors.
And that being able to see their own reflection gave television, eyeglasses, the smartphone, even mirrors.
And that, being able to see their own reflection, gave people the idea that they could see themselves as others saw them,
got them thinking about, well, who am I? I am actually a different person, I'm not just part of the group.
Also, you've probably been told to stand up straight and suck in your gut, which turns out to be bad advice.
And why do we have so much trouble with big decisions about love and money?
The conventional wisdom is that love and money decisions are intertwined, that you make love
decisions with your heart and money decisions with your head.
And that's just not right.
All this today on Something You Should Know.
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Today, Something You Should Know with Mike Carruthers.
Hi, and welcome to Something You Should Know.
Have you ever been in your kitchen
and looked in the cupboards or in the refrigerator
and looked at some of the food and wondered,
why is it called that?
Where did that name come from?
Well, here are the origins of some popular,
somewhat random, but some popular foods
that may be in your kitchen.
First of all, Philadelphia cream cheese.
It didn't really come from Philadelphia.
It started in New York. It was called Philadelphia cream cheese. It didn't really come from Philadelphia. It started in New York. It
was called Philadelphia cream cheese because that city was associated with
high-quality food products. Gatorade, as you might imagine, does not contain any
alligator in it. It was a kidney specialist from the University of
Florida who helped develop it for the school's football team, the
Florida Gators. So they named the drink Gatorade. The product named SPAM was
chosen for the canned meat from a contest. There is no official explanation
for its meaning but most people assume SPAM stands for Spiced Ham. The frisbee,
the flying disc frisbee, comes to you courtesy of the Frisbee Pie Company
of Bridgeport, Connecticut.
The empty pie tins were perfect for throwing like a frisbee.
And since it was the Frisbee Pie Company, they became known as frisbees.
The first plastic version was called the Pluto Platter Flying Saucer. Lamo bought the rights and stamped frisbee on it instead.
Marshmallows started out as medicine.
In the 1800s juice from the roots of the marshmallow plant were extracted and
cooked with egg whites and sugar.
It was whipped up and given to children to soothe sore throats.
And that is something you should know.
Now I love it when
I see a topic to discuss here that I didn't actually know was a topic to
discuss.
And that's what you're about to hear. We're going to discuss the history
of what we see and how we see it.
Because how we see ourselves and how we see it. Because how we see ourselves and
how we see the world has changed and what's caused those changes are certain
inventions, certain technologies that alter our vision. I mean imagine the
first mirror when people could actually see themselves clearly the way other
people do that had to change a lot. It's pretty remarkable.
Or the telescope, television, the smartphone. All these things have altered our view of
ourselves and the world in some way. Here to explain all this is Susan Denham-Wade.
She's author of a book called A History of Seeing in Eleven Inventions. Hey, Susan, welcome to something you should know.
It's great to be here, Mike.
So explain first how you came up with this idea
and formed it into a topic for discussion.
Well, the inspiration for the book
was the 2014 internet meme
that became known as hashtag the dress.
This was a photograph of a dress that was bought for
a wedding that found its way onto the internet and the dress was striped. And the reason it went so
viral and was actually one of the first global memes was because when people looked at the image
online they couldn't agree whether the stripes of the dress were white and gold or blue
and black. This went all around Twitter with various celebrities weighing in on their opinions.
It was discussed on newscasts and this really intrigued me and got me to wondering,
wow, if people in the same time and place can look at the same thing and see something different.
Did people who lived hundreds or even thousands of years ago
see their worlds differently?
And that was the question I set out to answer
and that was the beginning of the journey.
And so where did that journey take you?
What did you find from looking at all this?
Well, I found that
indeed people have seen their worlds differently over time and that there's
been a variety of technologies that mankind has either harnessed or
discovered or invented that have really changed the world as we saw it. But not
only that, each of these visual technologies
has coincided with a really major inflection
point in human history.
So one of the big conclusions that I came to
was that the world seen differently
becomes a different world.
So when you say, as you just said a few minutes ago,
that in earlier times people saw their world
differently. What does that mean? Well, if you take for example the invention of
mirrors, the very first known mirrors were discovered in a proto town, one of
the very earliest settled communities, which is in Anatolia, which is now part
of Turkey.
And this was a settlement of about up to 8000 people, which existed between about 8000 and five and a half thousand years ago.
And archaeologists exploring this site came upon these mirrors at a time when the
society fundamentally changed as far as they could tell.
Up until the point that we're talking about,
the archaeologists described it as fiercely egalitarian. There were no signs of different
status. Food and other implements were shared. People's homes were more or less the same size.
And then around the layer of the site where these mirrors were discovered, archaeologists
noted a shift in the psychology of this community to identify a much greater sense of individualism
and the emergence of a sense of self, which I think is completely mind blowing that we
don't know what came first, the sense of self, and then that generated
a desire to find mirrors, or whether someone had created these mirrors and that being able
to see their own reflection gave people a self-realization, the idea that they could
see themselves as others saw them, and that got them thinking about, well, who am I? Am I, I am actually a different person.
I'm not just part of the group.
I'm an individual.
And in later history with the development of psychology, for example, in the 19th
century, the start, well, actually going right back to the Romans, the mirror has
become symbolic, um, as a, a tool for exploring the self.
But it's incredibly interesting to me
that going right back through human history,
it appears that mirrorless societies tend
to be highly egalitarian without much
of a sense of individuality.
And it's only that the appearance of mirrors
tends to coincide with that individuality.
So this is an example from a long time ago
of how a change in visual technology
and seeing something different
caused a fundamental shift in mindset.
So if the invention of the mirror was so transformative
and people could see themselves as individuals
rather than just part of the group,
I mean, imagine what photography must have done because
a mirror, a look in the mirror is a fleeting thing, but
photography lasts forever.
All the excitement about photography when it was first
announced, this amazing technology that could capture an image
permanently, was all about how it was going to represent the great
landscapes of the world and the great monuments of antiquity and the works of
art and none of the inventors or promoters of early photography mentioned
the idea of portraiture but as soon as photography was announced people set up
portraiture studios and this was the absolute killer app for
photography. All very well to see the great sites of the world and the great works of art. But what
people really wanted to see was themselves and each other. And photography studios set up all
around Europe and around the USA. And people for the price of a day's wages could get an image of themselves
to keep forever.
And the market for it was huge.
Something like 90% of photographs taken in the first 50 years
of photography were portraits.
When you see early photography, early portraits, no one's smiling.
No one seems to be particularly happy at all.
Well, in the earliest photographs,
the earliest process was called a daguerreotype.
They took about 10 to 15 minutes for the exposure to happen.
So people had to stand very, very still in that time.
So the photographic studios developed all kinds of
props to help people stay still. So if you see people standing
up, often you'll see them, there's a pedestal that they've
got an arm resting on, or they're sitting on a chair with
their slightly unnaturally raised arms. And all of these
were devices to help people
stand really still for that time,
so that the image could take on the film used at the time.
And so I guess it's pretty hard to hold a smile
for that length of time.
So they were probably advised just to keep it fairly serious.
Another one of these inventions you talk about of time, so they were probably advised just to keep it fairly serious.
Another one of these inventions you talk about is the telescope, which not only changed the
way we see the world, but the universe.
Usually credited to Galileo, but in fact the first telescope to be brought forward publicly
was from a Dutch spectacle maker whose name was Lippe Hey.
But he tried to patent his telescope,
but he was refused because the patent office decided
it was too easy to copy.
And unfortunately for him, the patent office was right
because people started making telescopes all around Europe.
And Galileo was this very talented mathematician
and craftsman.
And he spent, he got the idea of the,
heard about the idea of the telescope
and made his own very, much, much more powerful
than the original telescopes that were made.
And he trained his telescope on the night sky
and saw things that amazed, truly amazed the world and changed forever really how
people saw their world. What he saw was around the planet of Jupiter, three smaller stars. The
planets were called the wandering stars. They were all considered to be stars,
but it had long been observed that the planets move through the night sky in a different way
than the other what were called the fixed stars. But he saw that there was this smaller group of
stars that followed Jupiter across the sky throughout from night after night.
And this was a radical thought because up until then, the received view of how the universe worked
was with the Earth was at the center and the Sun, the Moon, and all the other planets, the stars rather, the wandering stars and the fixed stars,
rotated around the Earth. But there had been some theorizing in the previous 50 years,
most famously by Copernicus, that this might not be the right way to view the universe,
that in fact the Sun might be the center of the universe
and the planets revolved around it.
But this was a heresy because there were various passages in the Bible
that suggested that the Earth was the center and so on.
But Galileo's discovery showed that because these mini stars followed Jupiter around, he concluded
that they were moons of Jupiter.
And that demonstrated that the Earth wasn't necessarily the center of the universe.
This was radically controversial at the time, and indeed Galileo eventually was hauled up
in front of the Inquisition more than once.
And he spent his final years under house arrest.
So it didn't have a happy ending for him.
But it did kick off a whole new way of viewing nature.
We're talking about some important inventions
that have really altered the way that you and I see the world.
And my guest is Susan Denham Wade,
author of A History of Seeing in 11 Inventions.
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So Susan, in your list of inventions is eyeglasses.
I mean, there is an invention that literally changed the way people viewed the world, the
people with vision problems.
So talk about that.
The very first eyeglasses were convex glasses, which is the ones that correct for long sight.
They were most useful for people who were reaching middle age.
So just as today, we reach our 40s or 50s, and we find it more difficult to see close up.
And convex glass lenses can help us, convex spectacles can refocus our eyes to improve that sort of vision. So if you were born
very short-sighted around the time that the first spectacles were invented, around 1278 in Italy,
I'm afraid they wouldn't have been much help to you. But what was so important about glasses
and the time they were first invented was that they extended the useful life of
so many of the
artists artisans and scholars of that time because they they allowed them to keep working beyond a time when
ordinarily their their failing eyesight would have forced them to stop
their failing eyesight would have forced them to stop. And I don't think it's a coincidence that the invention
of spectacles, as I say, towards the end of the 1200s
happened just on the cusp of what became the Renaissance,
the amazing, and in Italy, the amazing flowering of art,
scholarship, architecture that happened in the next couple of hundred years. It wasn't
until around 1450 that concave spectacles, which correct for short sight, were invented. But
obviously that, again, would have been a massive revelation for people who were born short sighted.
Although there were many, many fewer short-sighted people
then than there are now.
There's been a massive increase in short-sightedness,
in particular over the last 70 years,
since the invention of television, in fact.
And the explanation for that is not that television itself
damages our eyes, but ever since televisions came into our lives,
children in particular have spent more time inside, and that does damage our eyes.
One report suggests that for every additional hour spent outside, your chance of developing myopia, that's short-sightedness,
reduces by 2%. And that's because even on the Dallas day, natural daylight is about 10 times
as bright as artificial light. And our eyes need daylight for their health, and especially children
as their eyes are growing and developing.
Well, I would think that television is one of the big game changers in your
list of inventions because
it not only changed how we see the world,
it really brought the world into our homes,
good and bad. We could see things we could never see before.
Absolutely, absolutely. I mean television and bad, we could see things we could never see before.
Absolutely, absolutely.
I mean, television created the consumer society
as we sat happily watching TV shows through the 50s,
funded by advertisers who showed us all the lovely products
we could buy, and we obediently went out to buy them,
whereas previous generations did without those things.
Now, I'm not saying that a lot of those products haven't made our lives easier and better,
but they have convinced us that we need a lot of stuff that somehow we managed to live without
before we saw it all advertised on television. And politics drastically changed by television.
And politics drastically changed by television. You'll remember, well, probably not yourself,
but you'll know the story of the television debate
between Nixon and Kennedy just before the election,
presidential election between those two.
Those who listened to it on radio named Nixon
the winner of the debate.
But those who watched it on television saw Nixon the winner of the debate. But those who watched it on television
saw Nixon looking a little sweaty. He'd been ill. He had a dark shadow under his makeup of his beard
coming through. Kennedy, who was a much more sickly person on the whole, had spent the morning sitting in the sun, had a crisp white shirt, and exuded relaxed good health.
And those who watched the debate on television, and it was the most watched program ever,
I think something like 60 million people watched it, declared Kennedy the winner,
and sure enough, he won that election. And you know more recent times
have seen telegenic candidates become president once again.
And then there is the smartphone which not only has changed the way we see the
world, in many ways it is the world that we see because we spend so much time
looking at it.
We spend hours and hours a day checking our phones.
Many, many people have their phone by their bed. It's the last thing they look at before they go to bed.
It's the first thing they look at when they wake up in the morning.
It's become the dominant.
Feature of our lives, really, increasingly, with all the apps available,
pretty much every aspect of our lives really increasingly with all the apps available. Pretty much every aspect of
our lives can be channeled through this little screen in our hand. It's not just a phone. In
fact, the phone is one of the least used features of a smartphone. It's our encyclopedia. It's our
car key. It's our bank. It's our email. It's our encyclopedia. It's our entertainment device.
It's pretty much everything. It's our window onto the world. And what that's meaning, it seems to me,
is that we're using our other senses less and less. So I are, I'm sure we're all guilty
of sending a text to someone,
even if they're in the next room,
rather than putting our head around the corner
and having a conversation or texting a friend
or one of our family members just to say hi
and have a little catch up,
just because it's kind of quicker and easier
rather than speaking to them on the phone. And this is actually not great for our mental and eventually leading
on from that physical health because we really need to hear each other. There was a research
study done at Wisconsin University that put a group of young girls, schoolchildren, ages I think seven to 12,
in a stressful situation where they were asked to give a presentation to some strangers. And after
that, and they had them wired up to measure the level of cortisol, the stress hormone in their
bodies. And after they'd been put in this situation, a quarter of the girls were allowed to go and be
with their mothers and talk to them face to face. A second quarter was allowed to speak
to their mothers on the phone. The third quarter was allowed to text with their mothers and
the fourth group had to go and sit quietly alone. And what the researchers found was
that the girls who spoke to their mothers on the telephone calmed down as much as the girls who were with their mothers and talking to their mothers
face to face.
Whereas the girls who just texted their mothers calmed down as little as the girls who just
sat quietly alone.
And although researchers, serious researchers are very wary about jumping to too many conclusions from what they find,
the title of the research was, Why We Still Need to Hear Each Other.
And if you think about it, verbal and oral communication has been our primary form of communication for tens of thousands of years.
Language is one of the things that made us human.
We are hardwired to learn to speak.
No child needs to be taught to speak.
They just pick it up naturally.
It's part of our, it's in our DNA.
Whereas everyone has to be taught to read and write.
It's not an innate human skill.
It's a learned ability.
Well, as I said at the start,
this is a topic that I didn't really know was a topic.
You actually really created the topic by putting these 11 inventions together
and looking at the world through them.
And it's been a lot of fun.
Susan Denham-Wade has been my guest.
The name of the book is A History of Seeing in Eleven Inventions. And you'll
find a link to that book in the show notes. Thanks for being here, Susan. This was fun.
Well, thank you very much, Mike.
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When it comes to major decisions in your life,
there are a couple of categories that are
huge.
They are love and money.
And as you may have noticed in your own life, we tend to struggle with those decisions and
end up regretting some of them.
So why is that?
Why do we mess up some of the biggest decisions in our lives?
And how can we make better love and money decisions?
Well here to discuss that is Myra Strober.
She is a labor economist and professor at Stanford University
and author of a book called Money and Love,
an Intelligent Roadmap for Life's Biggest Decisions.
Hi Myra, welcome to Something You Should Know.
Myra Strober Thank you, Mike.
Mike Shepard So I would imagine that everyone listening decisions. Hi Myra, welcome to something you should know. Thank you, Mike.
So I would imagine that everyone listening can think back to a decision regarding love
or money or both that they regret. So why do you suppose that is? I mean, why do we
mess up what seems to be such an important decision? I think there are two reasons.
One is that people don't make these decisions in a systematic way.
That's the first reason.
And the second reason is that people tend to see money and love decisions as separate.
So money decisions concern money and love decisions concern love and never the twain shall meet
but in fact
Most life's decisions, especially the big ones are both love and money decisions
But it seems to me it's not only the decision you make because you could make
What appears to be the right
decision but things don't always go according to plan things don't go the way you think they're
going to go life has a way of serving up curveballs that if things had gone the way you thought that
decision would have been great but but it didn't go that way so but how would you have known
great, but it didn't go that way. But how would you have known?
You certainly can't predict the future, but you can ask yourself when you make your decision,
what are the likely consequences of this decision?
What are the likely things that are going to happen?
So for example, if you're considering moving to another
city for a job and you have a family, you know, you might think this is a money
decision, the money is so much better in this new job, but in fact it's a love
decision too because your family is involved and if, you know, six months down
the line your daughter is depressed
because she can't adjust to her new school,
had you thought in advance,
what are the likely consequences
for my daughter of this decision,
you might have predicted
that she would have a difficult time.
You might have taken some steps to ease that transition.
And the situation might be a little bit better
had you anticipated the consequences.
Well, see, that's a good example of what
I mean, that your daughter might have trouble adapting
to her new school.
She might thrive in the new school.
There's no way to know until it happens,
and it only happens after the decision,
and then you have to deal with the consequences,
but you can't have predicted that.
I mean, it's kind of a crap shoot.
No, I don't really think it's quite a crap shoot.
Of course, you can't know everything.
For instance, you can't know that the girl next door to where you moved
is going to make life difficult for her. You couldn't know that. But you know your daughter.
You know if she adjusts easily to new circumstances or not. You could have a conversation. You should
have a conversation with your daughter about this move unless she's you know
under the age of five and ask her what is this going to be like for you? Are you looking forward
to it? Are you concerned about it? What are you concerned about? And then you could take steps to
try to mitigate the effects of this for her. So I guess maybe what my point was is that
that it is human nature to think about the road not taken.
And so you'll always wonder what if,
when faced with a choice like what you're talking about,
should I move there?
Should I take that job?
Should I marry that person or that person?
You're always gonna wonder no matter what you choose and how great a decision, what if
you had done something different? Well, I think that may be true, but we have a
very flexible five-step framework for making these decisions. And what the hope is, is that after you've taken these five steps, you have convinced
yourself that this is the best decision that you can make, given whatever circumstances
you're facing.
So, you know, you might be taking a walk in the beautiful woods and think about what might
have happened,
had your parents been born millionaires.
But you need to deal with reality
and you need to convince yourself.
And I think our framework helps you do that,
that this is the best decision that you could make
given what you knew at the time.
So what are those five steps?
Well, the first one is clarify. Clarify for
yourself what it is that you want. What's important to you and what's important to
you, not to your parents or your spouse or somebody else in your life. Try to
figure out what you really care about. And then the
second step is communication. Then you need to communicate that to whoever
else is in your life making these decisions with you. And you know, as you
communicate and you listen to the other person's hopes and dreams, you may revise your own.
You may start thinking about some issues
that you hadn't thought about before.
So first clarify and then communicate.
And then you need to consider a broad range of choices.
So let's go back to the moving decision.
You've been offered a job in another city.
Your family agrees that you need more money. It's a good career step for you.
And you have already clarified that your career is important to you.
But what are the other possible choices? Have you looked around in the same city where you are at other possible jobs,
or did this new job possibility come out of the blue
and it seems so attractive and you're going to take it?
So unless you convince yourself that in order to get what it is you're looking for,
you must move, you may well be sorry later on because you didn't do the kind of seeking that would give you
a broader range of choices. The fourth step is check-in. So it's the five Cs framework. These
all start with Cs. Clarify, communicate, consider a broad range of choices, and now check in. So you want to check in with family and friends and other people whom you admire and ask them
have they faced these kinds of decisions?
What did they do?
How did it turn out for them?
Share your thought process with them.
I'm doing this because I want more money.
I'm doing this because I think my career
will be furthered by this.
Ask them about family ramifications of decisions
that they may have made.
And the last step is what I talked about before,
explore the likely consequences.
And you need to explore the consequences
both short-term and long-term.
So let's go back to the daughter who is not
happy in the new environment.
Maybe she's not happy six months after you move,
but maybe she's in a school that's far better than the one
that she left.
And three years from now, she'll realize
that this was a really good move because her school
life and her education is far better than it would have been.
So there are short-term consequences
and longer-term consequences.
Well, your five-step process certainly makes sense.
It sounds good.
But how do you know it works?
I mean, is there research?
How do you know that doing those five steps
are better than any other five steps that somebody
would come up with?
I taught a course at the Stanford Business School
and also in the undergraduate part of the university
for more than 40 years on the topic of work and family.
And so over that time, I've had thousands of students
who write back to me and say,
I mean, not all thousands write back,
but many of them write me and say, I mean, not all thousands write back, but many of them write back and say,
you know, thinking about these issues when I was in your course has really helped me down the line.
I feel that I have better decisions. I feel that this helps me when I have a big decision to make.
I think about the class. And in fact, my co-author, Abby Davison,
was a student in that class,
and the man who took the class with her is now her husband.
So they have used this framework for their entire marriage
and now they have two young children.
And the anecdotal evidence is that people feel helped by this framework and this way of deciding.
When people make decisions on their own and don't use your process, where is it you think people tend to go wrong?
Well, I think they haven't really gone through steps one and two. They have not clarified for themselves what it is they want.
Most of us are stuck for life with, you know,
our parents' voices in our heads and our parents,
for the most part, not all parents,
but our parents pretty much told us what they
want for us. And somewhere along the line of reaching an adult, we need to put our
parents' voices in the background, develop our own voices, and make decisions based
on our own voices. But I think lots of people still are not making decisions that are going to benefit them as
much as might be the case.
Well, I think that-
And the second place they go wrong is in communication.
So a lot of these decisions are fraught because couples are in different places in their lives
and they haven't taken the time to come together
and figure out what it is they can both agree upon.
And I think a lot of these fraught decisions come
when couples have other issues
underlying this particular decision?
Well, what you said about really taking the time to figure out what it is you want,
not what somebody else wants, that's a step I think a lot of people skip,
because there are so many other influences, and there are so many assumptions people make about what they want
that they don't really stop and go, hey, wait a minute, let's really stop here.
What is it I want?
Right.
And so think about somebody deciding to apply to medical school.
Their whole life up to that point, their parents have said, you know, this would be a good
career for you.
Their older brother is already in that career. And so they talk to their older brother, and their older brother says, you know, this is just a wonderful career. I just love medicine.
I love being a doctor. Well, the next step is to talk to some other people who don't like being a doctor or who thought they might
and decided otherwise.
You know, if you stack the deck toward a certain decision, you don't really have enough input
to figure out if this is the right decision for you.
Well, and you know, we've talked about it on this podcast before.
I think people do tend to fall into that confirmation bias trap where they just look for, you know, we've talked about it on this podcast before. I think people do tend to fall into that confirmation bias trap where they just look for things
that confirm what they their gut is telling them.
Yes, I think that's right.
And that's why, you know, you may need help figuring out what you need.
But yes, confirmation bias could be a real problem.
You do want to talk to some
people who have a different perspective and see what you think about that.
But it would also seem that as you make these decisions, it's not just a snapshot in time.
There's got to be course correction because the decision, you know, you decided to take
this new job, but then the guy that hired you left, and now you've got a new. So there's always things that happen.
It isn't frozen in time that I made this decision,
and now we go forward the way I decided.
True enough.
I mean, you know, there's an old Yiddish saying
that man plans and God laughs, because planning only
gets you so far.
There are things that happen that nobody anticipated.
Nonetheless, if you don't plan,
you're certainly not gonna get what you want.
So yes, you have to have course corrections
and you and your spouse need,
or your partner need good communication.
So when this new curveball comes onto the field,
you have somebody to talk to about it. And, you know, okay, what are we going to do next?
And it's we, even though it's a job decision, it involves love, it involves your family. And,
you know, they need to be supportive of you and they need to know
what they want. I can just think back in my own life of some decisions I've made
that I didn't really I kind of like already had it in my head what the
decision was going to be without really going through any process of it just
felt right it just seemed right,
this is an opportunity I can't pass up. I suspect that happens to a lot of people
where they just say, wow, I've got to grab this right now and go and never do
what you're talking about.
Yes, that's what I have learned over the years is that people tend to do that.
And you know, it's rare that a decision this big has to be made, certainly within 24 hours
or maybe even within a week.
And people need to take the time to go through our process, to check in with other people whom they admire and make
sure they check in with people who have a different perspective than theirs, and take
the time to make these decisions.
You know, take the decision, who am I going to marry?
Certainly you have to make that decision in part with your gut.
I mean, you don't want to marry someone, never mind marry, but live with them, be a partner
with them.
It doesn't matter whether marriage is involved particularly or not.
But is this the person I want to spend the rest of my life with?
Well, that is surely a biggie.
And you want your gut to be involved, but you want your head to be involved too.
And you want to think about the financial implications
of this decision.
And making that decision solely with your gut
is not going to necessarily work out.
Well, it's interesting.
We make decisions all day long, big ones and little ones,
and often don't think about the process of making the decision.
We just make the decision and then
have to live with the consequences.
You know, Daniel Kahneman talks about system one thinking
and system two thinking.
System one, you make the decision with one thinking and system two thinking.
System one, you make the decision with your gut and you move on.
System two is more like the framework we are proposing.
And you need to make these very big love money decisions using system two thinking and particularly
I think our framework is helpful. The second thing
is that love and money decisions are intertwined. The conventional wisdom is that you make love
decisions with your heart and money decisions with your head and that's just not right.
Even when you're deciding how to invest your portfolio, you might think that that is only
a financial decision, but it isn't because the question now is what do you want?
What do you want this money to do for you?
To whom do you want to leave the money if there's money left over at the end and why
and what are their needs?
So there are no
Purely financial decisions and no purely love decisions. They're all intertwined
Well, it is so easy even with even with really big decisions to go with your gut You know that oh this just feels right and I enjoy hearing what you say about you know, there's a system
There's a way to analyze this that isn't quite so romantic as going with your gut, but may yield a better
decision. I've been talking to Myra Strober, she's a labor economist and
professor at Stanford University. The name of her book is Money and Love, an
Intelligent Roadmap for Life's Biggest Decisions. And there's a link to that
book in the show notes. Thanks Myra. I enjoyed the conversation
Thanks Mike
How many times have you been told
To stand up straight and suck in your gut. Well the stand up straight parts probably find
It's the sucking in your gut thing that could be a problem
Even though some people do it's the sucking in your gut thing that could be a problem, even though some people do it all the time. When you suck in your stomach, it prevents
you from breathing properly. That shallow breathing can actually lead to anxiety
and poor balance and crummy posture. It can also lead to incontinence and a
whole host of other problems. So stand up straight, that's fine, but relax your stomach muscles. And
that is something you should know. If someone asks you what podcasts you listen to, I hope
you'll remember to tell them about this one. I'm Mike Carruthers. Thanks for listening
today to Something You Should Know.
Hi, I'm Sarah Gabrielli, and I've traveled to every single lesbian bar in the country for my podcast, Cruising.
Dancing was a no-no. No women dancing. That would be something that, yes, the cops would grab you for.
There were no black-owned, female gay bars. We needed a place to hang out.
In those days, we went to the bars to socialize because there was no other way.
When you went to Brady's bar, you knew you were safe.
This is Cruising, a documentary podcast about queer spaces, history and culture.
Each episode of Cruising features a different space and tells the stories of the humans
that run it and the humans that call it home.
You can listen to Cruising on Apple Podcasts, Spotify,
or wherever you get your podcasts.
Season one and two are available now,
so be sure to binge them before season three,
which will go beyond the bars to queer bookstores,
farms, peace encampments, and more,
premiering February 4th.
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I'm making our... Just keep it simple.
I'm making the promo.
Just keep it simple.
Just say, hey, we're the Braav bros,
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Ladies and gentlemen, boys and girls,
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