Why Smart People Make Dumb Decisions

Your brain lies to you dozens of times a day, and the smarter you are, the better it hides it. Based on Daniel Kahneman's Thinking, Fast and Slow: why your fast, automatic brain makes most of your decisions, the four traps it falls into (loss aversion, sunk cost, anchoring, and "what you see is all there is"), and the one question that catches them before they cost you. Want the bite-size version? New book lesson every day on the channel. 🔔 Subscribe: one powerful book, made usable. 🎙️ The voice on this channel is made with ElevenLabs, the AI voice tool I use for every video. Try it here (affiliate link, supports the channel at no extra cost to you): https://try.elevenlabs.io/wisebits ⏱️ Chapters: 0:00 Your Brain Lies to You 0:50 The Two Systems 2:11 Why Smart People Fall for It 3:10 Trap 1: Loss Aversion 3:42 Trap 2: Sunk Cost 4:25 Trap 3: Anchoring 4:56 Trap 4: What You See Is All There Is 5:28 How to Catch Your Brain #thinkingfastandslow #danielkahneman #cognitivebias #psychology #decisionmaking