Go Nudge Yourself

In this thread I discuss the causes & implications of the anchoring effect: our tendency to rely too heavily on an initial reference point while making a decision Watch video youtube.com/watch?v=hDi6AF… Transcripts & References gonudgeyourself.com/post/anchoring #bias #nudge #Behavior (1/7)

I talk to @MoneyMindMerle and @srhbow about my work at @thefinalmile integrating behavioral science & design to tackle social and public health issues, & about my YouTube channel @go_nudge. It was a fun conversation - give it a listen!

Today we talk to @SaranshGNY about practising #behavioralscience in the developing world and @go_nudge - the #nudge YouTube channel! YouTube: lnkd.in/dmm4DRMk Podbean: lnkd.in/dzvPzUsk Spotify: lnkd.in/d-SR3YSJ Apple: lnkd.in/dYHNEXnZ

Warnings about anchoring and incentives to spend more time on decision-making can reduce anchoring in some cases, but these interventions are ineffective when confirmatory search is triggered by an anchor. (7/7)

When the source of anchor can be trusted, anchoring has a positive impact on decision quality and satisfaction. Anchors also help us put forth a guess in situations where we're unsure of the right answer. (6/7)

In this thread I discuss the causes & implications of the anchoring effect: our tendency to rely too heavily on an initial reference point while making a decision Watch video youtube.com/watch?v=hDi6AF… Transcripts & References gonudgeyourself.com/post/anchoring #bias #nudge #Behavior (1/7)

In my latest video, I deep dive into the causes and implications of impact bias, a form of affective misforecasting, wherein we overestimate how much pleasure positive events in the future will lead to, and how much displeasure negative events will cause youtu.be/1dBBxzuF1Qg

...lower experienced pleasure. Forecasting can be improved by imagining future more vividly, accepting uncertainty about exact outcome & referring to similar past events. Mindfulness and emotional intelligence also lead to better forecasts (8/8)

Forecasting errors can be advantageous as they amplify future oriented motivations, help us delay gratification and cope with adversity in the present or past. Their negative effects include working towards unrealistic and counterproductive future goals, and..... (7/8)

In this thread, I discuss the form, causes & implications of affective misforecasting - our inability to accurately predict our emotional reactions to future events Watch video: youtu.be/1dBBxzuF1Qg Transcripts & sources: gonudgeyourself.com/post/impact-bi… #bias #nudge #Behavior (1/8)

In my latest video, I discuss the advantages & shortcomings various bias mitigation strategies, & make the case for self-nudging as the most optimal strategy. Video: youtu.be/QhLNWKd34Z0 #bias #nudge #behavioraleconomics

How can you nudge yourself - use reminders & prompts, make desired behaviors easier/visible & vice versa, reframe inconvenience in terms of long-term benefits, use social pressure to drive commitment & restrict your own future options when you anticipate self control issues (8/8)

But nudges are based on nudger's definition of well-being & desired behaviors, reduce people's autonomy & may create long-term dependency & learned helplessness. Same principles as nudging can be employed by people to their own context to improve decisions - self-nudging. (7/8)

In this thread, I discuss the various bias mitigation strategies, their advantages & shortcoming, & make the case for self-nudging as the most optimal strategy Video: youtu.be/QhLNWKd34Z0 Transcripts & references: gonudgeyourself.com/post/self-nudg… #bias #nudge #BehavioralEconomics (1/8)