Choiceology with Katy Milkman

24 EpisodesProduced by Charles Schwab & Co., Inc.

Can we learn to make smarter choices? Wharton professor Katy Milkman shares stories of irrational decision making--from historical blunders to the kinds of everyday errors that could affect your future. Choiceology, an original podcast from Charles Schwab, explores the lessons of behavioral economic… read more

24 Episodes | 2018 - 2019

Best-Laid Plans: With Guests Ken Bowersox, Robert Godwin & Bradley Staats

May 27th, 2019


If you’ve ever been through a home renovation, you know that it often takes more time or more money (or both!) than the contractor’s original estimate. But why is that? Experienced contractors renovate homes all the …

Boxed In: With Guests Sophie Morgan, Modupe Akinola & Dolly Chugh

May 13th, 2019


Assuming you live in the northern hemisphere, which would you say is colder: a day in March or a Day in April? On average, of course, March is colder …

Knew It All Along: With Guests Kathleen Vohs, Douglas Porch & Julian Jackson

April 29th, 2019


Think about a time when something happened that just seemed meant to be. Maybe you had a feeling that your child would get into a certain college. …

No Harm, No Foul? With Guests Francesca Gino & Dr. Byers “Bud” Shaw

April 15th, 2019


It makes some intuitive sense to judge a decision based on its results. But is it always true that a good decision leads to a good outcome, and vice …

Hitting Your Number: With Guests Jason Beck & Devin Pope

April 1st, 2019


Have you ever noticed that there’s something satisfying about seeing a car’s odometer roll over from 99,999 to 100,000 miles? Or maybe more likely, …

Out of Focus: With Guests Dolly Chugh, Max Bazerman & Mark Pendergrast

March 18th, 2019


If you’ve ever watched a TV crime drama, you’ve probably heard that eyewitness testimony is notoriously unreliable. A person commits a crime literally right in front of someone, but the witness can’t identify key …

Love the Mug You’re With: With Guests Joel Platt, Sally Sadoff & Richard Thaler

February 18th, 2019


“For most things are differently valued by those who have them and by those who wish to get them; what belongs to us, and what we give away, always …

Data for the Win: With Guests Michael Kist & Cade Massey

February 4th, 2019


Netflix recommendations, Amazon suggestions, Google searches, airline ticket prices, your social media feed. All of these things are driven by algorithms—computer models that crunch massive amounts of data to generate …

The Mystery of Chance: With Guests Andy Marocco & Tom Gilovich

January 21st, 2019


Have you ever seen a cloud overhead that looks very much like, say, a rabbit? Or maybe you’ve found a potato chip that had an uncanny resemblance to Elvis, or a cornflake that was almost exactly the shape of the state …

A Clean Slate: With Guests John Beshears, Richard Thaler & Ray Zahab

January 7th, 2019


For many people, the start of a new year is an occasion to re-examine their lives, to set new goals and to give up old habits. Making New Year’s …

Happy Holidays from Choiceology

December 21st, 2018


Choiceology with Katy Milkman returns after the holidays, starting with a special New Year’s episode on January 7. In the meantime, you can listen to …

Happiness: With Guests Scott Harrison & Mike Norton

December 10th, 2018


In this episode of Choiceology with Katy Milkman, we examine an old insight about happiness and giving. It’s an insight that is now backed up by …

Everybody’s Doing It: With Guests Tyler Hamilton & Todd Rogers

November 26th, 2018


You’re an independent-minded person. You make choices for yourself based on the best information available. You own your decisions, right or wrong. Right?

No so fast. You are, in fact, a social animal. You take many …

The Temptation of Now: With Guests Richard Thaler & Angela Duckworth

November 12th, 2018


Most of us would like to think we make decisions for our own good. Presented with the imaginary choice between a bag of salty, greasy potato chips …

Losses Loom Large: With Guests Hank Haney, Dolly Chugh & Maurice Schweitzer

October 29th, 2018


Winning feels good. Whether it’s nailing a tricky golf shot or landing a big client for your firm, it’s nice to come out on top. But is it the thrill …

Introducing Season 2 of Choiceology

October 15th, 2018


Season 2 of Choiceology is coming soon! Dan Heath hands the reins over to new host Katy Milkman for this season. Katy brings an incredible depth of …

How Tomorrow Feels Today

May 14th, 2018


Imagine you’ve just been through a major life event: The birth of a child. A major award. The loss of a job. A divorce. Now picture yourself 10 years in the future and try to imagine how that event affected your overall …

A Number in Mind

April 23rd, 2018


When you set out to buy something—a car, for example, or a laptop or some small gadget for your kitchen—you analyze the features and the style and the utility of the thing, and then you make a choice. But it turns out …

Swimming with Sharks

April 9th, 2018


Sometimes it seems as if danger lurks around every corner. News reports of events like plane crashes and shark attacks make grave risk to life and limb feel real and imminent. And while there’s no doubt that risk is a …

The Devil's Advocate

March 26th, 2018


In a world awash in data, you’d think it would be relatively easy to make informed, objective decisions. But there’s a problem that gets in your way, …

Summit Fever

March 12th, 2018


Imagine that you’ve put in effort toward a goal, but things haven’t quite worked out the way you hoped. Maybe your goal was more expensive than you expected; maybe it’s taking longer to reach than you thought. So the …

The Big Impact of Small Changes

February 26th, 2018


You don’t make decisions in a vacuum. Context matters, perhaps more than you think. On this episode of Choiceology with Dan Heath, we explore the …

It's Hard To Be Humble

February 12th, 2018


The Battle of Midway. Saltine crackers. Carnival games. What do these seemingly unrelated things have in common? Well, they’re connected by a common …

Introducing Choiceology with Dan Heath

January 19th, 2018


You’re not as rational as you think. In this new podcast, bestselling author Dan Heath performs forensic analysis on decision making. You’ll hear real stories, learn from top experts, and witness informal experiments …

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