Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
Why Your Brain Chooses Not to Choose
Episode 17 of Behavioral Economics with Fexingo explores the paradox of choice — when more options actually make us less happy and less likely to choose at all. Lucas and Luna break down the famous jam study from 2000, where shoppers faced 24 jams vs. 6 jams, and examine why a 401(k) with 50 funds can paralyze participants. They discuss psychologist Barry Schwartz's work on maximizers vs. satisficers, and how companies from Trader Joe's to Netflix are redesigning choice architecture. The episode also covers the 'tyranny of small decisions' and practical takeaways for…
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