While his latest travels take him to Bali, Grant ends up at the monkey forest where, unsurprisingly, he meets a few monkeys and learns a few lessons about inter-species relationships (hint: not everyone likes too much eye contact); then a visit to the doctor is in order and becomes a mathematical life or death situation where a statistically minuscule chance of getting rabies is rationally comprehended but emotionally adverted when Grant doesn’t feel like dying; a few days later the drama continues and becomes a sunken cost problem, when perhaps it would be better to let go of the losses and just not care about the subsequent rounds of shots, but the whole “not wanting to die” thing persists. Grant is still alive, podcasting about rational and emotional decisions, sunken costs and how those emotions come to play in your business decisions.
Like the show? Comments or questions, email Grant
Listen to this episode to find out:
The correct approach to meeting a monkeyHow your body language is important in a social contextHow eye to eye contact is reserved for human interactions onlyThe odds of dying from monkey-induced rabies in BaliHow much rabies treatment costs in Bali (it’s seven figures)How we like to think we are a lot more rational than we areThe way that sunken cost math can be affected by emotional responsesIf you are focusing time on improbable things that are emotional heavyweightsThe importance of evaluating the real chances of a certain risk happening before you act on itMentioned in this episode:
Your body language shapes who you are, TED talk by Amy CuddyBody language, the power is in the palm of your hands by Alan PeaseGrant’s video playing with the monkeysPascal’s wager: why you should (mathematically) believe in GodPredictably Irrational by Dan ArielyFooled by Randomness by Nassim TalebBlack Swan by Nassin TalebAntifragile by Nassim TalebThinking Fast and Slow by Daniel KahnemanGrant Weherley
Connect with Monetize Your Expertise
Join the Monetize Your Expertise Facebook PageFollow the show on Twitter
Got something to say? Let us know
Send us an emailMessage us on FacebookTweet the show