“Tell Me Something I Don't Know” on the topic of Behavior Change (Special Feature)

Stephen J. Dubner hosts an episode full of the world's most renowned behavior change experts, including Colin Camerer, Ayelet Fishbach, David Laibson, Max Bazerman, Katy Milkman, and Kevin Volpp. Angela Duckworth (psychologist and author of Grit) is our special guest co-host, with Mike Maughan (head of global insights at Qualtrics) as real-time fact-checker.

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:01Stephen J. Dubner?

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• 0:37Stephen J. Dubner?

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• 1:10Stephen J. Dubner?

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• 1:42Stephen J. Dubner?

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• 2:17Stephen J. Dubner?

  Hey there. It's Stephen Dubner. You are about to hear a special episode of our other live podcast, Tell Me Something I Don't Know. If you're a fan of Freakonomics Radio, I think you'll really like this episode. It features some of the smartest people in behavioral science, some of whom you'll recognize from previous Freakonomics Radio episodes, like Angela Duckworth, the author of Grit. You can subscribe to Tell Me Something I Don't Know wherever you get your podcasts. Also, please join us for our next round of live tapings in New York City in early October. You can get tickets at tmsidk.com. You can also click Be on the Show for a chance to come onstage and tell me something I don't know. Thanks for listening.

• 2:58Speaker 01

  Why do I read?

• 2:59Stephen J. Dubner?

  Why do I have conversations?

• 3:00Speaker 01

  Why do I travel? Why do I have to go to school? Why do I pay attention?

• 3:04Stephen J. Dubner?

  Why do I pay attention? Because I want to be amused. Because I want to get outside my comfort zone.

• 3:10Speaker 01

  But mostly.

• 3:11Stephen J. Dubner?

  Mostly.

• 3:12Speaker 01

  Mostly because.

• 3:12Stephen J. Dubner?

  Because I want to.

• 3:13Speaker 01

  Find out stuff.

• 3:14Stephen J. Dubner?

  Find out stuff.

• 3:15Speaker 01

  Find out stuff.

• 3:17Stephen J. Dubner?

  Because I want you to tell me something I don't know. Good evening. I'm Stephen Dubner, and this is Tell Me Something I Don't Know. Tonight, we are coming to you from Philadelphia, Pennsylvania.

• 3:31Stephen J. Dubner?

  We have got an audience full of very bright people who come onstage and tell us fascinating stuff. If it goes as planned, we will all be a bit smarter by the time we're through. Joining us tonight as co-host, the author of Grit, The Power of Passion and Perseverance. She's a psychology professor at the University of Pennsylvania. Please welcome Angela Duckworth.

• 3:58Stephen J. Dubner?

  Angela, let's see what we know about you so far. We know that when you were a kid, your dad liked to tell you, Angie, you're no genius. But then you proved him wrong years later by winning a MacArthur Genius Award. Nicely done.

• 4:17Stephen J. Dubner?

  We know before becoming an academic, you were a management consultant and a school teacher, and that you have advised the Obama White House, the World Bank, NBA and NFL teams, and Fortune 500 CEOs. We know that your colleagues have called you, and I quote, "the most extroverted person, the quickest learner, and the fastest thinker they've ever met." And I just want to say, we'll be the judge of that tonight.

• 4:41Angela Duckworth?

  Yeah, no pressure, low expectations.

• 4:44Stephen J. Dubner?

  We're also told that you like to swear like a sailor, so I'm looking forward to that as well.

• 4:49Angela Duckworth?

  Yes, I will be censored. It's gonna be bad.

• 4:52Stephen J. Dubner?

  All right, Angela Duckworth, that's what we know. Tell us something, please, we don't know about you.

• 4:57Angela Duckworth?

  In addition to being a MacArthur, I was captain of the football cheerleading squad at Cherry Hill High School East.

• 5:06Angela Duckworth?

  I needed to go against the stereotype of an Asian female, so I went out for cheerleading.

• 5:13Stephen J. Dubner?

  I can see that you could bring the cheer, though. You've got a lot of enthusiasm.

• 5:18Angela Duckworth?

  I was above average.

• 5:20Stephen J. Dubner?

  Angela, we are very happy and flattered to have you here tonight for Tell Me Something I Don't Know. Now, I should say, this is a special episode of our show, and we've got you, Angela, to thank. We're here because today, you held a conference at Penn with a bunch of world-class academics. And then, we dragged a bunch of them over here to be our guests on Tell Me Something I Don't Know. Now, just because you know all them doesn't mean you can't rough 'em up, okay? They are going to come onstage, and they'll each tell us some interesting fact or idea. You and I will hear them out. We'll poke and prod a bit. And then, our live audience at the end of the night will pick a winner. Now, victory will be based on three simple criteria. Number one, did they tell us something we truly did not know?

• 6:05Stephen J. Dubner?

  Number two, was it worth knowing? And, number three, was it demonstrably true? To help with that demonstrably true part, would you please welcome our real-time fact-checker, Mike Maughan.

• 6:23Stephen J. Dubner?

  Mike is head of global insights at the software company Qualtrics. He is one of the smartest and truthfully nicest people that we know. Now, Mike, all that said, how do we know you've got the chops tonight to keep our super smart guests in line?

• 6:37Speaker 03

  Well, I get to work with some of the leading researchers and highlight some of the most interesting things that they've ever found using Qualtrics. That includes how seeing pictures of Marilyn Monroe versus Abraham Lincoln causes you to eat healthy or unhealthy foods, why men with facial hair are more likely to hold traditional gender stereotypes, and why Republican women find Democratic men more attractive.

• 7:01Stephen J. Dubner?

  Okay, can I hear a little bit about the Democratic men, please?

• 7:07Speaker 03

  The finding on Democrats is that good girls like naughty men. And so Republican women were more likely to think that the exact same person was attractive if he was a Democrat because it gave them a sense of being, you know, going against the grain, choosing something that was wrong, and that was attractive to them, the devilish nature of good girls.

• 7:29Stephen J. Dubner?

  All right, Mike Maun, very happy to have you here tonight. It is time now to play Tell Me Something I Don't Know. We'll call it the ultra egghead edition. Would you please welcome our first guest, Colin Camerer. All right, Colin, please tell us what you do.

• 7:46Speaker 04

  I'm a behavioral economics and neuroscience professor at Caltech.

• 7:50Stephen J. Dubner?

  Okay, Colin, I'm ready. So are Angela Duckworth and Mike Maun. So what do you know that's worth knowing that you think we don't know?

• 7:57Speaker 04

  I know a mathematical formula for when people are intellectually curious. It applies to adults and babies. For example, in the late 1980s, when I taught at Penn, actually, a band that I invested in played on this very stage. So if you're having a feeling of curiosity, well, there's a name of that band, that feeling of curiosity is in your brain somewhere, and I can tell you where.

• 8:19Stephen J. Dubner?

  So you can tell us where in the brain resides curiosity, essentially, yes?

• 8:25Speaker 04

  Yes.

• 8:26Stephen J. Dubner?

  And you know this how?

• 8:27Speaker 04

  From scanning brains of people at Caltech, who are unusual, if you've seen The Big Bang Theory, that's basically a documentary about Caltech. But it's, our imaging results have been replicated a couple of times in Germany and I think a couple of other studies.

• 8:44Angela Duckworth?

  So, so these are Caltech students being made curious how exactly?

• 8:49Speaker 04

  So, the curiosity study is sometimes called epistemic or intellectual, it's trivia questions. So, we ask questions like, what, what, what animal other than humans can get sunburned? That's a question that provokes a lot of people say, "I'm curious." Not only do they say it, they're willing to wait longer to find out the answer and their pupils dilated, open up, right before they find out the answer, as if they, they need the pupils dilated to like, drink in the information.

• 9:14Stephen J. Dubner?

  Well, don't we all kind of now want to know what animal, besides us, gets sunburned?

• 9:18Angela Duckworth?

  Now, let's forget about everything else and just, yeah.

• 9:21Stephen J. Dubner?

  Mike, you got a computer there, buddy.

• 9:23Speaker 04

  I hope it matches our answer. This study was a little while ago. Maybe there's some new animals.

• 9:27Stephen J. Dubner?

  Pigs, is that the answer?

• 9:28Speaker 04

  Correct.

• 9:29Stephen J. Dubner?

  We need a computer, we have an audience here.

• 9:31Angela Duckworth?

  Oh my god, somebody from the audience knew that.

• 9:33Speaker 04

  Yeah. Volunteer fact checker, thank you.

• 9:34Stephen J. Dubner?

  Wisdom of the crowds. Alright, so wait, Colin, so what you're asking us is to try to figure out which part of the brain houses curiosity, or what happens when we exercise that part of the brain?

• 9:45Speaker 04

  What's the mathematical formula?

• 9:49Angela Duckworth?

  So, either there's a mathematical formula, but there's also a location, right? These are two different things?

• 9:54Speaker 04

  No.

• 9:54Angela Duckworth?

  Like, you know both of these things?

• 9:55Speaker 04

  Well, when you compute the mathematics of a particular question, that says, "This is going to be a high curiosity when a low curiosity," and then you, you do a bunch of fancy math, and you ask, "Where in the brain is blood flowing into regions?" In a, to a degree that's associated with the level of curiosity. We call that, the brain encoding a number. I can tell you what some of those regions are. And then that led to a very interesting prediction too, which was very surprising to us and others.

• 10:22Angela Duckworth?

  Okay, so, so I don't know, I don't know the mathematical formula, I do know a little about functional MRI, but, is it the, it is not the dorsolateral prefrontal cortex?

• 10:33Speaker 04

  No.

• 10:34Stephen J. Dubner?

  That's what I was gonna say.

• 10:34Angela Duckworth?

  You were gonna say that, right? It is not the insula.

• 10:38Speaker 04

  That's usually what people guess the door is.

• 10:39Angela Duckworth?

  Yeah, I know, so cliche, right? So I'm sorry that was conventional.

• 10:43Speaker 04

  Come on, come on, bring something special.

• 10:44Angela Duckworth?

  Nucleus accumbens?

• 10:46Speaker 04

  Nucleus accumbens, yes. Bing, bing, bing, bing.

• 10:48Angela Duckworth?

  Got it. Anything else? Anything else light up in the brain?

• 10:50Speaker 04

  Yes. Parahippocapalgyrus.

• 10:53Angela Duckworth?

  Parahippocapalgyrus. I can't believe I didn't get that one.

• 10:56Speaker 04

  Yeah.

• 10:56Angela Duckworth?

  It's so obvious.

• 10:57Speaker 04

  Actually, I forgot about an important one called midbrain. Midbrain is boringly named. Midbrain, like, where is it?

• 11:02Stephen J. Dubner?

  What is the evidence, if any, that curiosity is intrinsically and broadly good for us?

• 11:10Speaker 04

  I asked my colleagues who study disorders, is there a group of people who are deeply uncurious? At, for example...

• 11:18Stephen J. Dubner?

  Cheerleaders.

• 11:19Angela Duckworth?

  Cheerleaders are really curious.

• 11:21Speaker 04

  Actually, my colleagues had amygdala patients. They studied patients who have damage in both part of the amygdala. These patients are very uncurious about their disease and about a lot of other things. So although we didn't see amygdala activity, lots of these regions, we're talking about amygdala, insula, nucleus accumbens are involved in lots of different things. You know, that's just an area which is active because finding out things you're curious about is, seems to be rewarding.

• 11:47Angela Duckworth?

  So how do you make people more curious?

• 11:48Speaker 04

  Okay, here's the formula. We asked people in these studies, what animal gets sunburned? And we asked them, how likely do you think you know the answer? It turns out if they have no clue, they're not very curious. Once they know a little bit, they get more curious. And the sweet spot is 50/50, when you're equally likely to think, I know or I don't know.

• 12:07Angela Duckworth?

  So that's why you set us up to guess what the band was that played on the stage of the Trocadero when you're both a pen professor and also somehow a music producer?

• 12:15Speaker 04

  Correct. So if you were curious, your nucleus accumbens was active, and parahippocapalgyrus. And if you were wrong, we might find out soon, then the curiosity actually acts as a memory enhancer, helps you remember.

• 12:28Angela Duckworth?

  Hmm, okay. I actually didn't have a guess because I can't name a single band from, which decade is this, by the way? 90s?

• 12:36Speaker 04

  I would tell you from 83 to 91. I think it was around 87.

• 12:39Angela Duckworth?

  Journey? Asia?

• 12:41Speaker 04

  I wish, Journey.

• 12:42Angela Duckworth?

  I can't name any other band. Stephen, help me.

• 12:44Stephen J. Dubner?

  Does it rhyme with Fred Filkplan?

• 12:48Speaker 04

  Yes.

• 12:49Angela Duckworth?

  Oh, I'm Dead Milkmen.

• 12:50Speaker 04

  Dead Milkmen.

• 12:51Angela Duckworth?

  That should pay for a lot of vacation homes, I think.

• 12:57Speaker 04

  Well, Shacks, actually, Shacks. And not on the nicest part of the Jersey Shore.

• 13:02Stephen J. Dubner?

  So Mike Maun, my midbrain and other parts are hurting with how much Colin Cameron has taught us tonight. Can you tell us anything factual or otherwise?

• 13:12Speaker 03

  A few things. Hippos, elephants, freshly shorn sheep, they all can get sunburned.

• 13:17Stephen J. Dubner?

  Oh, really?

• 13:17Speaker 03

  Just for the record. Anyway, so curiosity does indeed hit the reward center of the brain, but so does eating double stuffed Oreos. Trust me. I know. And on curiosity, it is indeed a memory enhancer, and that's why we take pains to avoid being wrong. So our brains are designed to be more easily stimulated than they are satisfied. And so curiosity stimulates the brain. The easiest way to maybe think of this is in how most of us remember names. So when you meet someone and two minutes later, they say something like, "Great to meet you, slugger." You have a pretty good idea that they have literally no interest in who you are or getting to know you ever again. So does that help, buddy?

• 14:04Stephen J. Dubner?

  That's good. Thank you, Mike and Colin Cameron. Thank you so much for playing Tell Me Something I Don't Know.

• 14:09Speaker 03

  Thank you.

• 14:09Stephen J. Dubner?

  Very well done.

• 14:13Stephen J. Dubner?

  I think we're in for a pretty good night, Angela Duckworth. That was good. I'm getting warmed up. Would you please welcome our next guest, Ayla Fishback.

• 14:25Speaker 05

  Hello.

• 14:26Stephen J. Dubner?

  Hello there. Why don't you introduce yourself to our fine crowd here, please?

• 14:30Speaker 05

  I'm a professor of behavioral science and marketing at the University of Chicago.

• 14:34Stephen J. Dubner?

  We've heard of the University of Chicago. Okay, what do you have to tell us tonight, then, please?

• 14:39Speaker 05

  Well, you may have heard about the marshmallow test and the idea that putting immediate rewards aside is the way to accomplish our life goals. Well, I find in my studies that immediate rewards are actually also critical to achieve our long-term goals. That success at exercising, at healthy eating, is the immediate rewards that you are getting from. Pursuing these goals.

• 15:06Stephen J. Dubner?

  So the famous Walter Michel marshmallow test. You put a kid in a room. You tell him not to eat it. And basically, the kids who eat the marshmallow become felons and the ones who don't are, right? So you're saying that instant gratification is important and necessary for long-term goals?

• 15:27Speaker 05

  Yes.

• 15:28Stephen J. Dubner?

  Angela, this seems pretty much a-

• 15:30Angela Duckworth?

  Counter to my entire life's work?

• 15:32Stephen J. Dubner?

  Yeah.

• 15:32Angela Duckworth?

  Is that what you're gonna say?

• 15:34Speaker 05

  Well, I was hoping you will not notice.

• 15:37Angela Duckworth?

  No, I noticed, I noticed. So I yell it. How can it be that immediate gratification and doing what feels good right away is gonna help you be healthy, go to college, have a good job, save for retirement? Can you explain this?

• 15:54Speaker 05

  Yes, so immediate gratification is important or is predicting of any behavior. Immediate gratification is what predicts eating the marshmallow, okay? In which case, one might not make it to college. But immediate gratification is also predicting of how much one can stick to studying, okay? The student that likes studying will study more than the student that doesn't like studying. Whereas the student that finds studying more important will not necessarily study much more than the student that finds it's less important. And so immediate gratification is just important for everything. I think some analysis misses out

• 16:37Speaker 05

  is that we are very much responding to present rewards. And so the way to get people to do anything is basically by including present rewards.

• 16:48Stephen J. Dubner?

  Isn't that just another way of saying that, you know, incentives matter along the way? Isn't that, wouldn't an economist just take that tack?

• 16:57Speaker 05

  Well, incentives can be of two types. So they can be immediate and they can be delayed. Actually, we ran one study in which we asked people to do a task that either pays more or less, or is slightly more interesting versus slightly more boring. Now, if you ask people to predict how much they can stick to this task, they tell you that they can stick longer to a task that pays more. But when you measure the actual persistence of the money, it didn't make much of a difference. People were able to stick longer with a task that was more interesting.

• 17:33Angela Duckworth?

  So there are kids who grow up to go to University of Chicago and Caltech, and they probably are the kids who are like, "Oh, my God, there was extra Latin homework. Awesome." Like, so excited. But what about the kids who don't actually find Latin homework more immediately gratifying than Snapchat?

• 17:53Speaker 05

  I don't think that kids can learn if they're not interested. Wouldn't you agree?

• 17:58Angela Duckworth?

  Yes. I would actually agree, and I do think that this is not counter to my life's work. I won't have anything to do tomorrow if it's entirely counter.

• 18:07Stephen J. Dubner?

  Well, I do know that in your book, Angela, it's passion and perseverance, right? And passion is the first step toward developing the thing that you're going to be gritty about. So I don't see them as conflicting. I do, however, wonder about a separate conflict, perhaps. So I recall that you were on a program called Freakonomics Radio, talking about waiting in lines and how waiting helps develop patience, which is, as we all know, a virtue, right? So doesn't that piece of your work run a little bit counter?

• 18:39Angela Duckworth?

  Her life's work is counter to her life's work.

• 18:42Speaker 05

  No. And let me explain why. It is a key to success. It's almost the definition of success to be able to pursue the long-term rewards. What we find is that the way to get there is using immediate rewards. Now, there are other things that can help us, and to the extent that we remove from the environment the immediate temptation, to the extent that we make people wait because they have to wait, that makes them better able to go for the long-term success.

• 19:19Stephen J. Dubner?

  Mike Mon, I guess we'd call this the upside of instant gratification. What more can you tell us?

• 19:26Speaker 03

  So delayed gratification is obviously a thing. But as you've mentioned, people do want to see progress to keep them motivated throughout the process. For example, those that want to lose weight. I tried exercising once, but I found out I was allergic to it. My skin flushed, my heart started racing, I got sweaty, I was out of breath. Overall, it seemed quite dangerous. So I did find this joint Princeton-Harvard study talking about immediate versus delayed gratification. And the most useful part of this study was this line that said, "The finding supports the growing view among economists that factors other than pure reasoning often drive people's decisions."

• 20:09Speaker 03

  Oh, really? Thanks, science, that was helpful.

• 20:14Stephen J. Dubner?

  Mike, thank you. And Iella Fishbeck, thank you very much for playing. Tell me something I don't know. Would you please welcome David Laibson. So David Laibson, would you introduce yourself, please?

• 20:31Speaker 06

  Good evening, everyone. I'm the Chair of the Harvard Economics Department. I'm a behavioral economist. My academic expertise is procrastination.

• 20:41Stephen J. Dubner?

  David, very happy to have you. Tell us something we don't know, please, sir.

• 20:47Speaker 06

  So I'm gonna get really dry here. Let's talk about IRAs and 401Ks. You got those? You got those retirement savings accounts? Come on, shout out for 401Ks. So in the US, those accounts are basically liquid. There's only a 10% penalty, and for lots of different activities, you can take the money out with no penalty at all. So we in the US have highly liquid retirement savings. But we look in other countries, and all that money is locked down. It's absolutely illiquid. You can't touch it until you retire. And it turns out that for every dollar that goes into the 401K, IRA, retirement savings

• 21:31Speaker 06

  system in the US, 40 cents leaks out before people reach retirement. So we've got a leaky boat.

• 21:39Stephen J. Dubner?

  A leaky boat, which you're implying leads to a lot of cat food in the end, yeah? You're saying that people spend their retirement savings early and then when it comes time to need it, what's left?

• 21:51Speaker 06

  About half the population in the US now is retiring with a retirement account and the other half, you know, don't have anything. Maybe they've never had an account or maybe they had one and let the money leak out at some point along the way. Now, all of that leakage isn't a disaster, some of it's coming out for good reasons. But, um, you know, I think looking at those numbers gives one pause.

• 22:12Angela Duckworth?

  This is a very serious topic, but I, I want to know what you meant by cat food.

• 22:16Speaker 06

  You're gonna crack a joke now.

• 22:17Angela Duckworth?

  Well, he was talking about cat food. Is that related to, you're like, and then there's the cat food at the end.

• 22:21Speaker 06

  Isn't cat food what retirees eat when they, uh? You're too young, Angela, I think.

• 22:24Angela Duckworth?

  Is this a, what is this?

• 22:26Speaker 06

  Our generation knows that eating cat food means you're retired and don't have enough money.

• 22:31Angela Duckworth?

  Oh, literally eating the cat food yourself. Oh, that's really sad. That's terrible.

• 22:38Stephen J. Dubner?

  But maybe it's just that now cat food is so much better that it's considered a good outcome.

• 22:42Angela Duckworth?

  I think it is.

• 22:43Stephen J. Dubner?

  But David, wait, um, so let me ask you this. It sounds like you're advocating for either larger penalties or different rules. Are you advocating for that?

• 22:51Speaker 06

  Probably not larger penalties, because then I think people would just take the mon, someone would take the money out and they'd just be paying those larger penalties. It would be probably a sort of regressive tax. Maybe we should have more money in these retirement accounts and maybe more money that's locked up. So for example, maybe the employer match should be illiquid or maybe you can take out the money you put in, but not the interest on it.

• 23:12Stephen J. Dubner?

  Okay.

• 23:13Speaker 06

  So there should be some liquidity, but maybe not all of it should be liquid.

• 23:15Stephen J. Dubner?

  But my question then would be, if you make it more locked essentially in some fashion, wouldn't there be people then who decide simply, forget it? If I can't access that money, then I'm going to choose to not put it in the first place?

• 23:28Speaker 06

  It's certainly a possibility, but there's no evidence that the liquidity of the accounts is a big driver in people's willingness to put money into those accounts. But again, I'm not proposing that it be totally locked up. Maybe just part of those funds would be made illiquid so that people retire with something in these accounts.

• 23:46Stephen J. Dubner?

  Um, can you tell us anything about the people who are more likely to make early withdrawals?

• 23:53Speaker 06

  So it tends to be people with lower levels of income, tends to be people with more financial distress. So we have another kind of facet of the economy, which is the people who are getting the most out of these 401(k) accounts tend to be the people who are already doing very well in the economy. So it's kind of a double victory for them. They're thriving with high incomes and they're thriving by getting the benefits of these tax-deferred retirement accounts.

• 24:19Angela Duckworth?

  This is very sad. This is like a very sad story.

• 24:22Speaker 06

  Bring in the night down.

• 24:23Angela Duckworth?

  And then people were eating cat food, and that's sad. Is there anything else that's like, super optimistic or possibly easy retirement savings? Sad.

• 24:32Speaker 06

  Well, I'll give you a, maybe a small bit of brightness, not much.

• 24:38Angela Duckworth?

  A little bit.

• 24:40Speaker 06

  So, when you want to enroll people in retirement savings plans, they don't tend to opt out. And when you want to enroll them at 3% savings rate or 6% savings rate, they tend to stay in and not opt out. So it looks as though people have the capacity to save a little bit more, and we're not helping them in many cases to do that. So, we can partially address this problem. I think the easiest way to address it would be to do more auto-enrollment in retirement savings plans. Roughly now about half of the private sector workforce has a 401(k) plan at work, but the other half of the working population doesn't even have a plan at work right now.

• 25:21Speaker 06

  We need to migrate this benefit to the other half of the private sector workforce. And, you know, I'm optimistic that we're gonna go down that path in the decades ahead.

• 25:31Stephen J. Dubner?

  Why?

• 25:32Speaker 06

  Well, the idea that people need help, believe it or not, this is another one of those, can't believe it took economists this long to figure it out. The idea that people may need help saving for retirement really became obvious only in the 1990s, when the first generation of 401(k) plans and IRA plans.

• 25:54Speaker 06

  weren't working. And so there's a growing awareness that people need a nudge. People need a little help to get into these savings plans. And it was actually a bipartisan effort. Back under Bush the son, there was something called the Pension Protection Act, which actually took kind of automated retirement savings. And both sides of the aisle got behind it. So there is a tradition of bipartisan support for making saving easier. So I see a future where that alliance that occurred under the second Bush administration might reform, and we'll see more of this in the future.

• 26:32Stephen J. Dubner?

  Really interesting. Mike Mon, anything to add?

• 26:35Speaker 03

  There's reason for hope. I'd like to share with you that there is grain-free herbed duck confit with sweet potato cat food.

• 26:46Stephen J. Dubner?

  Awesome. Thank you, Mike, and David Laibson. Thank you so much for playing Tell Me Something I Don't Know.

• 26:56Stephen J. Dubner?

  Would you please welcome our next guest, Max Bazerman?

• 27:03Stephen J. Dubner?

  Would you please introduce yourself?

• 27:05Max Bazerman?

  Sure. I'm a professor at the Harvard Business School, and I co-direct the Center for Public Leadership at the Harvard Kennedy School.

• 27:11Stephen J. Dubner?

  Very good. So it sounds like we have something we can learn from you. What do you have for us tonight?

• 27:15Max Bazerman?

  Well, I thought I'd try a demonstration. I'm going to give you a problem to help me solve, and you're picking between four different investment funds. And I'm going to describe the four of them to you and ask you which one you want to invest in. The first fund, over the last nine years in total, has outperformed the market by about 30%. We'll call that A. Fund B has outperformed the market by about 45% over the last nine years in total, with moderately erratic performance in terms of year-to-year performance. The third fund has outperformed the market by 65%.

• 27:55Max Bazerman?

  But the third fund, Fund C, has had absolutely no volatility in performance over the last nine years. So a nice, smooth trend. And finally, there's Fund D that's outperformed the market by 70%, but with a lot of erratic behavior. So A, outperformed the market by 30%. B, outperformed the market by 45%. C, outperformed the market by 65% with very smooth returns. And Fund D, outperformed the market by 70% with a lot of erratic differences across years. And with that, I need you to vote. How many of you are going with A, the tobacco fund? How many of you are going with B, 45%?

• 28:38Max Bazerman?

  Okay, we've got about 10% of the audience there. How about Fund C? That's very popular, very, very popular. And how about Fund D? Okay, moderately popular, but not nearly as popular as C. So Stephen, you're the one who wrote a book on economics, I believe. So can you tell us, is it possible to dramatically outperform the market by 65% over a nine-year period of time with absolutely no volatility in performance?

• 29:06Stephen J. Dubner?

  I would have to say, considering how nicely you've constructed that question for me, in which the only possible wise answer is no, I would say no, that's not possible.

• 29:16Max Bazerman?

  Good answer, Stephen. Excellent. Okay. So a quick fact is that it's not possible to dramatically outperform the market over a nine-year period of time with absolutely no volatility. And yet, many of you were perfectly comfortable investing in that. And what I want to tell you, which will make you a little bit more upset about your choice of Fund C, is that I was describing Bernie Madoff's Ponzi scheme, and the vast majority of you picked it. The other thing that's interesting, when I ask after they picked Fund C, is there anything wrong with any of these funds? Many people in the audience will tell me... That Fund C isn't possible. So people have access to that information. But the question, what do you invest in?

• 29:59Max Bazerman?

  Leads people to look for high returns, low volatility. And they basically have the idea of an ethical problem fade from their existence. So we have the capacity to notice. But so often, we fail to notice critical information in our environments. And while many of us have been trained to focus. We also need to notice, and when something doesn't quite fit. We need to look further and ask some questions to find out what's going on. Too often, we don't. And we stick to a very superficial level of noticing.

• 30:34Stephen J. Dubner?

  That's so interesting. In this case, is what you're calling a failure to notice tied to, you know, a desire for it to be true?

• 30:43Max Bazerman?

  I think partially. And the real world is probably even more accurate to say that people wanted it to be true.

• 30:50Stephen J. Dubner?

  But I'm guessing there are cases contra that, right? If I am scared that I'm very ill. And I have what might be a symptom of that, I might, quote, fail to notice as well, right?

• 31:00Max Bazerman?

  Yeah, so I think that there's things that prompt us to be fearful. But it's already on our radar screen. And something makes it salient and makes us hypervigilant about it. But there are many, many more cases, from 9/11 to every possible financial scandal that we've read about. Where there were dozens, if not hundreds or thousands of people who had access to the critical information that should have allowed them to notice that there was a problem and didn't notice.

• 31:27Angela Duckworth?

  So we can look back on things like Bernie Madoff or 9/11 and say, it was a failure of noticing, not a failure of knowing. So what is it now that we are not noticing that we should be noticing?

• 31:39Max Bazerman?

  What a lot of people don't notice, despite the fact that they see it occur all the time, is that your frequent flyer miles are becoming worth less and less and less. Use your miles, even if you need to give them to your cousin who you don't like.

• 31:55Angela Duckworth?

  That's useful. That's actually extremely useful.

• 31:58Max Bazerman?

  But more broadly, you know, I find it fascinating that that society trusts institutions like auditors or credit rating agencies to provide us with independent advice, and we allow these firms to exist in a form that creates incentives for them to simply want to please their clients and not do the very job that they're in existence to begin with.

• 32:20Stephen J. Dubner?

  How can any one of us get better generally at noticing?

• 32:25Max Bazerman?

  What I find is that if you simply ask yourself, "What's going on?", if you pick up your head and ask, "What are the key challenges, threats, opportunities around us?", you start to see them very, very regularly. So my reaction is in life, when we can't figure out what's going on, that's a really good hint that we should look further.

• 32:44Stephen J. Dubner?

  Thank you so much, Max Bazerman.

• 32:46Max Bazerman?

  Thank you all.

• 32:51Stephen J. Dubner?

  Nicely done. Would you please welcome our next guest, Katie Milkman.

• 33:00Stephen J. Dubner?

  Katie Milkman, would you please introduce yourself?

• 33:02Speaker 08

  I'm a professor at the Wharton School at the University of Pennsylvania, and I study decision making.

• 33:07Stephen J. Dubner?

  Very good. We like decisions. Tell us something we don't know about them, please.

• 33:11Speaker 08

  Well, I'm going to take a page from Colin Camerer's book and leave you a little bit curious, and I'll tell you that there is a certain type of news article, a certain section of the newspaper, that's more likely to go viral. You're more likely to email a story if you read it in this section than in any other. Can you guess what that section might be?

• 33:32Stephen J. Dubner?

  Would it be the cute cat section of the newspaper?

• 33:37Angela Duckworth?

  Or the cat food section?

• 33:38Speaker 08

  Possibly if there were a cute cat section of the newspaper, that would win. But since there isn't, you'll have to choose a more typical category.

• 33:45Stephen J. Dubner?

  Which section of the newspaper, Angela?

• 33:48Angela Duckworth?

  I guess op-eds. Don't people like forward op-eds? Or is that just my friends?

• 33:52Speaker 08

  People do forward op-eds, but that's actually not the section that I was going to mention. The one that jumps from about 20% of stories on the New York Times homepage get forwarded to a friend, sent by email. This section, about 30% of them, go viral.

• 34:07Angela Duckworth?

  What about like health? Like how to lose?

• 34:10Speaker 08

  You're getting closer. You're getting closer. Very warm.

• 34:12Stephen J. Dubner?

  A section like health? The business section? Is the business section like health?

• 34:16Speaker 08

  It's not the business section.

• 34:18Angela Duckworth?

  Definitely not the business section.

• 34:19Speaker 08

  It turns out that you can predict what kinds of stories will go viral based on the kinds of emotions that they produce. More positive stories are more likely to go viral. Stories that make your heart race are more likely to go viral. And stories that inspire awe are particularly likely to go viral. Does that help you guess which section?

• 34:36Angela Duckworth?

  Oh, Sunday Styles? That's like my favorite section. Is it that? No.

• 34:43Speaker 08

  It's the Science Times.

• 34:44Angela Duckworth?

  Oh.

• 34:45Stephen J. Dubner?

  No way.

• 34:46Speaker 08

  Really? It skyrockets. So about 20% of the articles that appear on the New York Times make the most emailed list. And 30% from the Science Times make the most emailed list.

• 34:57Stephen J. Dubner?

  So what kind of science is most likely to be viral? And I guess really, why? I mean, why do people care about it in that way?

• 35:03Speaker 08

  Yeah, well, the kind of science that's mostly likely to go viral is good news about science, right? We discover something exciting that feels like it could make our lives better. An example of a story that went particularly viral was a story about what happy people don't do. So it was based on research about people who are happy and all of the habits they have that maybe lead them to be happy. You can see how that's both interesting, useful, inspiring, sciency, positive, and that was the big winner on the internet.

• 35:33Stephen J. Dubner?

  So Katie, here's what I want to know. How did you determine it? What were the data overall? And how did you measure?

• 35:39Speaker 08

  Well, I'm a nerd. So what we did is we built a web crawler, which is a little automated machine that goes and captures data on the internet. And our little web crawler went and captured every story that appeared on the New York Times every 15 minutes, both on the homepage and on the most emailed list, to figure out what was its rank. And we did this for three months. And then we crunched the numbers and looked at which kinds of articles were the most likely to make it to the most emailed list, where they lead stories in the newspaper, you know, do they have a photograph that appeared with them, and so on. And that careful analysis led us to conclude that more positive stories are more likely to go viral. In general, stories that make your heart race, so stories that make you angry or anxious, but not stories that make you sad.

• 36:22Stephen J. Dubner?

  Did you, when you say you controlled for whether they appeared with a big photo and so on, are you controlling for how much time it'll spend on the homepage, for instance? And how do you measure that? Because that's not so easy.

• 36:32Speaker 08

  Exactly. Well, since we're snapping a photo essentially of the homepage every 15 minutes, we could see exactly how many minutes in units of 15 a story spent in a given spot. And we can compare two stories that got exactly the same amount of attention in terms of the marketing that the paper gave it and see which one actually was more likely to make the most emailed list.

• 36:50Stephen J. Dubner?

  Excellent. Mike, Katie Milkman's been telling us about what makes viral viral. You agreeing over there?

• 36:58Speaker 03

  So, first of all, I just want to say that nothing in The New York Times actually goes viral. Like, can we just be serious? It's not like it's a cat video.

• 37:08Angela Duckworth?

  You mean compared to cat videos.

• 37:09Speaker 03

  Right. But if we actually knew what caused something to go viral, we'd be billionaires. And every marketing department in the world is guilty of just saying, "Well, let's just make a viral video to get the word out." Like, "Thanks, that's really helpful, I'll just go do that." But I will say the top two most shared articles on Facebook last year, both follow this pattern exactly, right? So, the most shared article was "A new Alzheimer's treatment fully restores memory function." So, we're on to something.

• 37:38Angela Duckworth?

  Wait, what's the other one? I'm curious.

• 37:40Speaker 03

  The next one was "How sensitive is your OCD radar?"

• 37:43Stephen J. Dubner?

  Hey, Katie Milkman, thanks for playing so much. Angela, before we get back to our unbelievable guests tonight, I have got some questions for you, some lightning round questions that we wrote just especially for Angela Duckworth. You ready?

• 38:00Angela Duckworth?

  I'm ready.

• 38:01Stephen J. Dubner?

  In 30 seconds or less, how can someone get grittier?

• 38:05Angela Duckworth?

  Grit is passion and perseverance for very long-term goals. It takes more than 30 seconds.

• 38:15Stephen J. Dubner?

  Fair enough. Who's the most inspirational person you've ever met?

• 38:21Angela Duckworth?

  The person who leaps to mind is my idol Carol Dweck. Because if I'm really, really good, I'll be half as good as she is. Stanford psychologist, growth mindset.

• 38:32Stephen J. Dubner?

  Angela, tell us about someone that you would consider incredibly successful despite a lack of grit.

• 38:40Angela Duckworth?

  When I was interviewed by Larry King, he said he only scored one out of five on my scale. But he actually scored the lowest that you could on all of the questions on my grit scale that were about having the same interests over time. Because he said, "Look, every week I have a different guest. I get very bored. I need a new person."

• 38:58Stephen J. Dubner?

  Well, he's very interested in suspenders for a long time.

• 39:01Angela Duckworth?

  And here's the thing. I was like, "Larry, you've been interviewing people, okay, different people, but basically interviewing people since you were nine. So you actually are gritty." So I cheated. He's actually pretty gritty.

• 39:14Stephen J. Dubner?

  Yeah, you did cheat.

• 39:15Angela Duckworth?

  I cheated.

• 39:16Stephen J. Dubner?

  Angela, we know that your parents were Chinese immigrants, and yet, as you have written, quote, "Against stereotype, you can't play a note of piano or violin." Really what I want to know is, was it that you wouldn't or you couldn't?

• 39:31Angela Duckworth?

  It was that I couldn't. So in addition to grit, there's talent. And I didn't have any of it for music. The world does not need any more Asian females from South Jersey playing piano and violin. Like, none. They need more cheerleaders.

• 39:49Stephen J. Dubner?

  Now, despite that, we also know that you signed up your own daughter for ballet to make her grittier after you saw her fail at opening a box of raisins. So my question is, did she ever learn to open raisins?

• 40:06Angela Duckworth?

  Yes, we have, my 14-year-old now, Lucy, can now, with effort, open her own box of raisins, and we're holding her to that standard.

• 40:15Stephen J. Dubner?

  Congratulations. That's a great family accomplishment.

• 40:20Stephen J. Dubner?

  So Angela, we know that you graduated magna cum laude from Harvard, but that your husband, a real estate developer, graduated summa cum laude from Princeton. So my question is, is he really smarter than you? Or is this just because Princeton is really easy?

• 40:36Angela Duckworth?

  Princeton is really easy.

• 40:41Stephen J. Dubner?

  As noted earlier, you are allegedly a world-class swearer.

• 40:46Angela Duckworth?

  I think I'm passionate. I think it's just me expressing my passion for my, you know, whatever I'm saying.

• 40:53Stephen J. Dubner?

  What do you do if your kids swear?

• 40:56Angela Duckworth?

  I don't actually, I don't care if they swear. I think swearing's okay. You know, in the grand scheme of things, kids are gonna do some things that are bad. Swearing is not one of them.

• 41:05Stephen J. Dubner?

  And finally, Angela Duckworth. What is a Duckworth?

• 41:15Angela Duckworth?

  Priceless.

• 41:16Stephen J. Dubner?

  I agree.

• 41:20Stephen J. Dubner?

  Nicely done, Angela. All right, it is time to get back to our game. Would you please welcome our next guest, Kevin Volk.

• 41:32Stephen J. Dubner?

  Kevin, tell us what you do, please.

• 41:34Speaker 09

  I'm a physician, a professor at the School of Medicine in the Wharton School, and the director of the Center for Health Incentives and Behavioral Economics at the University of Pennsylvania.

• 41:44Stephen J. Dubner?

  Excellent. I bet you know a ton of stuff we do not know, so tell us one.

• 41:48Speaker 09

  Well, so let's imagine you're a large employer, and you have a population of people who smoke, and you'd like to help them quit smoking. You know that cigarettes cost about $10 a day, if you smoke a pack a day, so each person could actually save $3,650 if they just quit. And what was interesting is we found in two different studies that incentives of $750 to $800 actually tripled smoking cessation rates, which on the surface doesn't make a lot of sense, because this is a much smaller amount than people could have saved on their own.

• 42:22Stephen J. Dubner?

  So if you give them what's relatively a little bit of cash upfront, relative to what they'd save by quitting smoking, you know, on their own, they're much more likely to do it?

• 42:32Speaker 09

  Yeah, I think there's probably three reasons for this. One is that the savings from quitting, that's, you experience that over a long period of time. It's a discounted revenue stream. People always discount the future to a large degree. Secondly, there's a mental accounting salience issue. If somebody offers me this money, it's very visible. A third issue is that giving me this money upfront really helps to offset the procrastination I'd otherwise have. A lot of people want to quit. About 70% of Americans say they want to quit. Only about 3% per year actually do. It's very hard to quit smoking. There's a lot of immediate costs. And I'm discounting the benefits far in the future.

• 43:13Speaker 09

  If I pay people an incentive, that helps to move some of the benefit into the present.

• 43:18Angela Duckworth?

  Do you think it's the money? Or do you think it's just the delight, the dopamine of like, oh, I got whatever. I got $7. It may actually be just the reward of feeling like you got points, kind of.

• 43:30Speaker 09

  Yeah. It's a good question, and it's hard for me to be able to say for sure. What we did in these studies typically is we'd give them some money early on for quitting at, let's say, two weeks to four weeks. And then we'd give them some money a little bit later. So the idea was to try to help them along, give them some feedback as they went, but also try to hold some of that money out so that they could achieve their long-term quitting goal.

• 43:56Stephen J. Dubner?

  Can you tell us a little bit more about the quitting and people who do quit? How many stay quit, I guess, is number one question. Number two, you say that you triple the effect by giving them $750. How do you know that yours stay quit? And how long does it count to stay quit for?

• 44:16Speaker 09

  Sure. So first of all, in our control group, we had a quit rate of 5%. We found in the incentive groups that people quit at about 15% of the time. What we did is we measured using saliva or urine cotinine. That's a metabolite of nicotine. Whether there was any of that metabolite present in their saliva or in their urine. We found in these interventions that when we ran them for 12 months and we tested people six months later, we found that even though there is some recidivism, the quit rate ratio stayed about the same.

• 44:48Angela Duckworth?

  So it lasts at least six months, then? Did you follow them after that? Or that was the end of the grant?

• 44:53Speaker 09

  No, just out to 18 months. That's the longest we've followed people.

• 44:56Stephen J. Dubner?

  How does this upfront cash incentive compare to the heretofore most successful incentives for smoking cessation?

• 45:07Speaker 09

  So if you compare the quit rates of people who are offered nicotine replacement therapy, the quit rate ratios are about the same as what we achieved. So I could say that's good, but the quit rates, even though they were tripled, are still only 15 percent. So there's a lot of room for improvement.

• 45:24Stephen J. Dubner?

  Mike, Kevin Volpp is telling us about quitting for cash. Anything to add?

• 45:30Speaker 03

  I think Mark Twain said it best. He said, "It's easy to quit smoking. I've done it hundreds of times." So yes, what you're saying is true with some caveats. The primary issue with this theory is that money isn't the only, or perhaps even the main, driver of smoking or quitting smoking because addiction has so many other things involved in it. In fact, and this is true, 50 percent of people who have quit smoking relapse when they're drunk. And so that becomes this major issue is that there are so many other externalities factoring into what goes on.

• 46:02Stephen J. Dubner?

  Kevin Volpp, thank you so much for telling us something we did not know. Great job. This is our final guest of the evening, so would you please give him a warm welcome. Dean Carlin.

• 46:14Speaker 10

  Hi.

• 46:15Stephen J. Dubner?

  Hey, Dean. Tell us about yourself, please. What do you do?

• 46:21Speaker 10

  I'm a behavioral and development economist at Yale University. And I started two different nonprofits. One is called Innovations for Poverty Action, and the other is called Impact Matters.

• 46:30Stephen J. Dubner?

  Excellent. Tell us something we don't know, and as the final guest, make it good.

• 46:35Speaker 10

  So we worked with this charity in the United States called Trina from Hunger. And their normal charitable fundraising appeal sent out a letter to their prior donors and would make a fairly emotional appeal. It would talk about Maria and a pig farm and how they're helping her make more money and feed her children, et cetera. They agreed to add a treatment in which we talked about a randomized trial. And we said, "Hey, not only is there's Maria in this pig farm, but we actually conducted a randomized trial to measure the impact of our program." And we found positive impacts on a bunch of stuff. So the basic question is, what did we find? We have a nice emotional appeal that just talks about Maria and this identifiable person

• 47:18Speaker 10

  who was helped versus Maria, this identifiable person, and a little bit of wonk.

• 47:23Stephen J. Dubner?

  So the question is whether added wonk adds effectiveness? Is that the question essentially?

• 47:28Speaker 10

  Talking about whether a charity is effective. Does this motivate people to give more or not?

• 47:34Stephen J. Dubner?

  Angela?

• 47:34Angela Duckworth?

  I'm gonna guess yes. I'm gonna guess that a heart-wrenching story plus evidence of effectiveness is better than a heart-wrenching story alone.

• 47:46Speaker 10

  So the answer is, on average, it didn't matter at all.

• 47:49Angela Duckworth?

  I was incorrect.

• 47:51Speaker 10

  But it turns out here, the interesting thing was looking within the sample at two different types of people. People who'd been giving a lot in the past and people who'd been giving a very little amount, by little amount, five, 10, 15, 20 dollars. Turns out, the people who'd given very little, when you got wonky, they actually gave less. The people who gave a lot in the past, they gave more. So they had a positive reaction, the other people had a negative.

• 48:12Stephen J. Dubner?

  But is it ineffective, do you think, because of what you call the wonkiness? In other words, is it because of complication? Or because they think you're bragging or above them, or maybe don't need their money?

• 48:22Speaker 10

  I don't think it was bragging. I think of it as a couple of things. One is, they're giving for an emotional appeal, and you get wonky, and it's like, that's just not why they're giving. The other is that it might actually just remind them, even though your message is this works, you're actually reminding them, this might not work. And now they're like, wow, you know, that was just one study, is this gonna work again? But the people who were giving more, the idea is, maybe they're a little bit more sophisticated, and they're giving, and thoughtful, and they're focused on giving more to fewer charities, for instance. And so for them, the idea that there's an evidence behind this charity is like, wow, that's great. And so they gave more.

• 48:57Angela Duckworth?

  So how can we get the people who are only giving a little bit, is there any way that we can get them to actually care about evidence of impact?

• 49:04Speaker 10

  I'm not sure that that's the goal. So one of the things we're doing at the group I mentioned, Impact Matters, is to try to do audits of charities to help people know which are evidence-based and which are not. But I think for the small, tiny donor who's giving five, 10 dollars, it's probably not the right motivation. The right motivation might be, help them give more, and then help the charity that they're giving to choose effective things, or the aggregator who's collecting their donation and help them allocate to good charities.

• 49:31Stephen J. Dubner?

  So here's a crass question, but if a charity is doing well, the results are good, and you can promote that to your donors, and if big donors like that message, then do you really care so much that the small donors don't like the message?

• 49:48Speaker 10

  Well, small donors do add up. And there's a lot of charities that actually depend quite heavily on small donors.

• 49:53Stephen J. Dubner?

  So does this lead you then to send different kinds of messages, I gather, to large and small donors?

• 49:59Speaker 10

  That is the prescription that comes out of this. And so, you know, the challenge is, of course, figuring out exactly how to do that, where to draw the line.

• 50:04Stephen J. Dubner?

  And can you share with us any other prescriptions generally for fundraising appeals? You know, what's successful in terms of matching funds? You know, happy photo versus sad photo? Just tell us what you know about that.

• 50:16Speaker 10

  So, happy versus sad, I would be shocked to learn happy is not better than sad. I'll go with you on that. On matching, one of the earliest ones we did found that the ratio of the match did not matter.

• 50:27Stephen J. Dubner?

  Mike, when charities are too good for their own good, what more can you tell us?

• 50:31Speaker 03

  Okay, so a few things. First of all, happy or sad images, you're unfortunately wrong. Sad images work way better. Jacqueline Novogratz, who started the Acumen Fund, said that people give because they want to feel good, not because they want to do good. If you tell them that they can give money to help this woman eat for a week, then they're happy to do that because I, as an individual, can solve that problem, can meet that need.

• 50:56Speaker 10

  I think the key is that there's no one answer to this. It's not, you know, the problem I have with the quote you just gave us is that people are not that simple, and people are very different. And so, some people do care about effectiveness. And the question is, how to segment the market, how to make sure that you can do the most to help that segment.

• 51:14Stephen J. Dubner?

  Really interesting. Dean Carlin, thank you so much for playing. Tell me something I don't know. Can we give one more hand, please, to all our guests tonight? Great job.

• 51:31Stephen J. Dubner?

  It's time now to pick a winner. Our live audience will have the final vote, but before we turn it over to them, the three of us, my co-host Angela Duckworth, fact-checker Mike Maughan, and me, Stephen Dubner, we will each weigh in. The three criteria everyone should remember, did they tell us something we truly did not know? Was it worth knowing and was it demonstrably true? So Angela, of everything we heard tonight, what would just be your favorite in terms of something you truly did not know? I know it's hard.

• 51:59Angela Duckworth?

  My favorite of the seven friends that were onstage tonight would be, well, I guess I'll pick I Yell at Fishbuck for defying my life's work.

• 52:11Stephen J. Dubner?

  I like that. I like the spirit of...

• 52:16Stephen J. Dubner?

  The spirit of scholarship triumphs overall, right? Truth above all. I'll take the next criteria, which is who told us something that was really worth knowing? Honestly, I think that maybe Max Bazerman and the idea of failing to notice, because some of my favorite ideas in learning generally are those things that in retrospect are really obvious, but you wouldn't necessarily know how to articulate them. And so also, I like that it's universal and important and useful. Mike Mon on factual terms, is there something that rang the truest of all?

• 52:56Speaker 03

  Well, given that this is all original research from some of the smartest people in the world, I think we're gonna go with "good job, it was true."

• 53:05Speaker 03

  But I will say this, last year, I was going through this period where I lost 45 pounds in two months. That's very unhealthy. So I'm actually gonna go with Ayelit Fishback as well, because I think that there's something to that incremental progress that helps you reach a bigger goal.

• 53:22Stephen J. Dubner?

  Excellent, good point. All right, then, audience, you've heard from us, but we don't pick the winner, you do. It's time now to do that. So, who will it be? Dean Carlin with "Too Good For Your Own Good", Kevin Volp with "Quitting For Cash", Katie Milkman with "What Makes Viral Viral", Max Bazerman with "Failure To Notice", David Labson with "Early Retirement Withdrawal", Ayelit Fishback with "The Upside Of Instant Gratification", or Colin Cammerer with "This Is Your Brain On Curiosity"? Please take out your phones, follow the texting instructions on the screen. While our live audience is voting, let me ask you a favor. If you enjoy Tell Me Something I Don't Know, please spread the word,

• 54:04Stephen J. Dubner?

  give it a nice rating on Apple Podcasts, Stitcher, or wherever you get your podcasts. If you want to listen to this show without ads, sign up for Stitcher Premium at stitcherpremium.com/tellme.

• 54:18Stephen J. Dubner?

  Okay, the audience vote is in. Once again, thanks to all our guests, presenters. Our winner tonight, put your hands together for Professor Max Bazerman. Thanks so much for telling us about Failure to Notice. Congratulations. Now, to commemorate this victory, Max, we'd like to present you with this Certificate of Impressive Knowledge, which reads in full, "I, Stephen Dubner, in collaboration with Angela Duckworth and Mike Maun, do solemnly swear that Max Bazerman told us something we did not know, for which we are extremely grateful." That is our show for tonight.

• 55:02Stephen J. Dubner?

  I hope we told you something you did not know. Huge thanks to Angela Duckworth, Mike Maun, to our great guests, and thanks especially to you for coming to play Tell Me Something. Have a great night. Thank you.

• 55:19Stephen J. Dubner?

  On our next show, we are off to Minneapolis, and we're joined by Krista Tippett, host of On Being. We talk about comfort food, pillows, and, for some reason, turtles.

• 55:31Speaker 11

  So if we could listen to conversations between these female turtles, it would sound very much like female humans saying, "Where are all the single men?"

• 55:40Stephen J. Dubner?

  That's next time on Tell Me Something I Don't Know. Tell Me Something I Don't Know is produced by Dubner Productions in association with Stitcher. Our staff includes Alison Hockenberry, Emma Morgenstern, Harry Huggins, Brian Gutierrez, Dan DeZula, and Rachel Jacobs. Our live engineer in Philadelphia was Nathan Rossborough. David Herman is our technical director. He also composed our theme music. Thanks also to our good friends at Qualtrics, whose online survey software has been so helpful in putting on this show. You can subscribe to Tell Me Something I Don't Know on Apple Podcasts, Stitcher, or on TMSIDK.com. You can also listen without ads by signing up for Stitcher Premium at stitcherpremium.com/tellme. You can find us on Facebook, Twitter, and Instagram. Thanks for listening.

• 56:30Stephen J. Dubner?

  Freakonomics Radio is sponsored by EverPure. Is the value of AI not living up to the promise? The problem is probably your data, not your AI models. When it's scattered across different systems, getting your data AI-ready is a challenge. You keep your AI waiting and everything slows down. EverPure unifies your data so you can see it, understand it, and control it all from one simple place and get it AI-ready fast. Unlock the true value of your AI at everpuredata.com. Freakonomics Radio is sponsored by Ozempic. Innovation happens through rethinking what's possible, and when it comes to GLP-1s, Ozempic pill does just that.

• 57:12Stephen J. Dubner?

  Learn more about Ozempic semaglutide tablets, 4 and 9mg, by calling 1-833-OZEMPIC or visit ozempic.com to view the medication guide and ask your doctor what's possible with FDA-approved Ozempic pill. Freakonomics Radio is sponsored by US Bank Smartly Checking and Savings. You know, US Bank Smartly Checking and Savings are bank accounts that work harder for you. You get better savings rates, fee waivers, and rewards from day one, so you spend less time worrying about money and more on what matters. Sign up for US Bank Smartly Checking and Savings today at usbank.com/smartly.

• 57:57Stephen J. Dubner?

  Member FDIC. Copyright 2026 US Bank.

• 58:05Speaker 12

  This episode is brought to you by Charles Schwab. Is there a right time to sell a stock? Are you taking the right risks with your portfolio? Financial decisions can be tricky, and often your own cognitive and emotional biases can lead you astray. Financial Decoder, an original podcast from Charles Schwab, can help. Join host Mark Reapy as he offers practical solutions to help overcome the cognitive and emotional biases that may affect your investing decisions. Listen at schwab.com/financialdecoder.