Brooks: Boredom studies show most men choose electric shocks over sitting alone
“The Dan Gilbert, my colleague at Harvard, who's a visionary social psychologist, he's done boredom experiments, where he puts people in a room in a chair for 15 minutes with nothing to do and nothing to look at, nothing to listen to, and the only choice they h…”
Study shows irreversible decisions make people happier than reversible ones
“Group one, the group that was allowed to change out their art if they were unhappy with them, they were less and less happy with the art that they picked over time because they kept wondering, did they choose wrong?
Group two, the ones that had to be locked in…”
Puri: Life satisfaction rises with income beyond $75,000 without plateauing
“If you actually look at the chart shows that if you look at it on a non log scale, which he puts the graph here, it's basically like the more money you have, the more your satisfaction goes up and there's no flattening out. It doesn't go up at the same rate. S…”
Wilkinson: Dan Gilbert owns 20% to 30% of downtown Detroit
“And like basically all of downtown Detroit, he owns like 20, 30% of.”
Wilkinson: Gilbert committed $300M to pay Detroit residents' property taxes
“And he also just announced that he's going to pay off three hundred million dollars of property taxes for Detroit residences.”
Wilkinson: Dan Gilbert personally conducts full-day monthly onboarding for new hires
“So when we visited him you know, he probably had five or 6000 employees at the time. And he said, I still personally onboard every single employee. So once a month, I go into like a conference center and there's a, you know, a hundred or 200 new employees comi…”
Duke: Humans believe information upon hearing it and vet it later
“So what Dan Gilbert showed in the nineties was, no, no, no, no, no. It's just like perceptual belief. You hear it, you lodge it as true, and then maybe later on you vet it. So now we believe what we hear.”
Duke: Framing decisions as bets forces probabilistic thinking and reduces bias
“If we start to think about things as bets, which makes the risk explicit, it forces step three. If we go back to Dan Gilbert's work, it forces that vetting step... So it forces you to start thinking probabilistically. It forces you to start going through that …”