Chapter
Decision Making in Entrepreneurship
32:16 - 35:44 (03:28)
In this podcast, the speaker highlights the importance of rationalizing the decision-making process in entrepreneurship and how adding a cheaper option can lead to an increase in sales.
Clips
The podcast discusses the concept of choice architecture and how companies can use different pricing options to influence consumer decision making and maximize profits.
32:16 - 33:18 (01:02)
Summary
The podcast discusses the concept of choice architecture and how companies can use different pricing options to influence consumer decision making and maximize profits. They reference examples from Dan Arielli's book "Predictably Irrational" and the pricing tactics used by the Economist magazine.
ChapterDecision Making in Entrepreneurship
Episode#255: How to Turn Failure into Success
PodcastThe Tim Ferriss Show
The speaker talks about how he deals with feelings of overwhelm by opening up to a friend and being vulnerable.
33:18 - 34:31 (01:13)
Summary
The speaker talks about how he deals with feelings of overwhelm by opening up to a friend and being vulnerable. He emphasizes the importance of being honest and transparent in order to reduce sources of overwhelm.
ChapterDecision Making in Entrepreneurship
Episode#255: How to Turn Failure into Success
PodcastThe Tim Ferriss Show
The episode discusses the significance of rational thinking in solving problems and personal growth.
34:31 - 35:44 (01:13)
Summary
The episode discusses the significance of rational thinking in solving problems and personal growth. It emphasizes the need to examine emotions and thoughts to become a better person and achieve success.