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Bad Decisions - Podcast

Bad Decisions

Bad Decisions is the podcast that helps marketers understand why we choose what we choose, why we think what we think, and how to exploit this stuff for fun and commercial gain.

Management & Marketing Business
Update frequency
every 27 days
Average duration
13 minutes
Episodes
61
Years Active
2017 - 2022
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Effort Bias: Why you should let them see you sweat

Effort Bias: Why you should let them see you sweat

Why do we teach kids that it's all about the effort, when as adults, we're far more concerned about the outcomes. In this episode, Mel and Dan look at why 'quicker and easier' could be the exact oppo…

00:19:08  |   Sun 21 Apr 2019
Spotlight effect: Why nobody else notices the ketchup stain on your shorts

Spotlight effect: Why nobody else notices the ketchup stain on your shorts

Ever wondered why making the smallest faux pas can ruin your entire day? In this episode, Mel and Dan discuss the spotlight effect, and how it influences our perception of how much attention people a…

00:21:26  |   Thu 28 Feb 2019
Zeigarnik effect: Why you want to know what happens in this episode

Zeigarnik effect: Why you want to know what happens in this episode

What happens when memories or tasks are unfinished, and why is it that they seem to stick in our heads? In this episode, Mel and Dan explore the Zeigarnik effect and how we can use it to create stron…

00:23:26  |   Tue 18 Dec 2018
Focusing illusion: Why we don’t really need a pay-rise

Focusing illusion: Why we don’t really need a pay-rise

If you won the lottery, would you be happier? Although the answer may seem obvious, our perceptions of what’s important to us don’t always match the reality. In this episode, Mel and Dan consider how…

00:23:12  |   Tue 20 Nov 2018
Ben Franklin effect: Why we should all be asking for way more favours

Ben Franklin effect: Why we should all be asking for way more favours

Social convention suggests that if you want to make a new friend, you should do something nice for them. But according to Ben Franklin, we’ve been doing it all wrong. In this episode, Mel and Dan exp…

00:22:14  |   Tue 02 Oct 2018
Framing effect: Why we like our milk fat-free and our luxury cars full price

Framing effect: Why we like our milk fat-free and our luxury cars full price

Would you enjoy your beef more if it was 75% lean or 25% fat? That’s weird. In this episode, Mel and Dan explore the framing effect - and how what we’re presented with is far less important than how …

00:22:55  |   Tue 05 Jun 2018
Hot Hand Fallacy: Why we love seeing hot streaks

Hot Hand Fallacy: Why we love seeing hot streaks

You’ve just made your last three shots, won your last three hands or closed your last three deals. What do you think will happen next? In this episode, Mel and Dan explore the fallacy - and reality -…

00:18:27  |   Tue 22 May 2018
Planning Fallacy: Why the best laid plans always go awry

Planning Fallacy: Why the best laid plans always go awry

Do you find that things always take longer than you thought? Are you always running late? What if we told you it was all because you’re an irrational optimist? Chances are, you wouldn’t change a thin…

00:22:19  |   Tue 08 May 2018
Mental Accounting: Why we’ll probably die broke

Mental Accounting: Why we’ll probably die broke

A hundred dollars is a hundred dollars is a hundred dollars, right? Well, no. Not according to our brains. In this episode, Mel and Dan explore how mental accounting influences the way we spend and s…

00:20:14  |   Tue 24 Apr 2018
Peak-End Rule: Why we all love a lolly bag

Peak-End Rule: Why we all love a lolly bag

We’d like to think it’s all about the journey, but our brain prefers to remember the outcome. In this episode, Mel and Dan discuss the peak-end rule, and how neglecting to pay attention to the end co…

00:20:53  |   Tue 10 Apr 2018
Sunk Cost: Why we behave so badly at the buffet

Sunk Cost: Why we behave so badly at the buffet

Everybody makes bad decisions, but how do we make amends? Turns out our instincts often guide us to follow bad decisions with worse decisions. In this episode, Mel and Dan explore the sunk cost falla…

00:20:33  |   Tue 27 Mar 2018
Default Bias: Why Australians take their organs to the grave

Default Bias: Why Australians take their organs to the grave

With thousands of decisions to make every day, wouldn’t it just be way easier if some of them were made for us? In this episode, Mel and Dan unpack how the default bias influences everything from bin…

00:20:25  |   Tue 13 Mar 2018
Licensing Effect: Why we order Diet Coke with our large Big Mac meals

Licensing Effect: Why we order Diet Coke with our large Big Mac meals

Ever gone shopping for someone else and decided you deserved a gift too? In this episode, Mel and Dan explore the dark side of altruism, and how the decisions we make are often guided by a desire to …

00:20:57  |   Tue 26 Dec 2017
Temporal Discounting: Why we want $10 today, not $15 tomorrow

Temporal Discounting: Why we want $10 today, not $15 tomorrow

Despite our best intentions, selecting options that provide sensible, long term benefits over impulsive, short term ones, seems pretty much impossible. In this episode, Mel and Dan explore how our de…

00:16:21  |   Tue 12 Dec 2017
Anchoring: Why we spend too much on BBQs

Anchoring: Why we spend too much on BBQs

When we’re trying to determine the value of something, we tend to place far too much reliance on the first piece of information we stumble across. In this episode, Mel and Dan look at ways that prici…

00:18:39  |   Tue 28 Nov 2017
Confirmation Bias: Why black Jeeps are everywhere

Confirmation Bias: Why black Jeeps are everywhere

Turns out we really love being right. So much so that our brains systematically ignore things that don’t fit with what we already believe to be true. In this episode Mel and Dan look at how marketers…

00:19:18  |   Tue 14 Nov 2017
Social Proof: Why we knowingly make stupid choices with our friends

Social Proof: Why we knowingly make stupid choices with our friends

If all of our friends jumped off a cliff, chances are we would too. Same goes if that cliff is a new restaurant, movie or fashion label. In this episode, Mel and Dan look at how our innate desire for…

00:20:10  |   Tue 31 Oct 2017
Endowment Effect: Why we always sit in the same damn seat

Endowment Effect: Why we always sit in the same damn seat

Cars, homes, pens, mugs - it doesn’t matter what it is - if it’s ours, chances are we'll think it's more valuable than it really is. In this episode, Mel and Dan look at why we're always going to be …

00:15:05  |   Tue 17 Oct 2017
Choice Paradox: Why it’s so hard to choose a hamburger

Choice Paradox: Why it’s so hard to choose a hamburger

We all want more choices, right? Well, no. Not according to the data anyway. In this episode Mel and Dan look at how choice can adversely affect our ability to make decisions, as well as what good ma…

00:17:56  |   Tue 03 Oct 2017
Availability Bias: Why we massively overestimate our chances of success

Availability Bias: Why we massively overestimate our chances of success

Of all the mental tasks we suck at performing, estimating the likelihood of something really good or really bad happening is right up there. In this episode, Mel and Dan unpack the ingredients that l…

00:15:58  |   Sun 17 Sep 2017
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