Stories determine economic and financial outcomes, both our own and the world in aggregate. Here's how to craft and follow stories that will lead to better financial outcomes and greater happiness. Topics covered include: How financial narratives give us the confidence to take action in the face of uncertainty and potential lossHow the greater the stakes, the more we rely on anecdotal evidence rather than statisticsIs the world more stable and predictable or in a constant state of disorderHow stories determine what we buy and aspire to and how marketers try to influence those storiesHow stories of fear and greed influenced economic outcomes in the 1920s and 1930sHow more precise stories lead to greater confidence and potentially to manipulation.How to get off the hedonic treadmill in order to be happier Thanks to OurCrowd and Policygenius for sponsoring the episode. For more information on this episode click here. Show Notes Joseph Campbell & The Hero’s Journey by Tamlorn Chase—Odyssey Online Panarchy: Understanding Transformations in Human and Natural Systems by Lance H. Gunderson Horisaki Design & Handel Optimizing SKU Selection for Promotional Display Space at Grocery Retailers by Pak Et al. The Role of Sentiment in the Economy of the 1920s by Kabiri Et al. Monetary Policy and the Management of Uncertainty: A Narrative Approach by Bank of England Publications Et al. Impressed by Numbers: The Extent to Which Novice Investors Favor Precise Numerical Information in a Context of Uncertainty by Batteux Et al. When poignant stories outweigh cold hard facts: A meta-analysis of the anecdotal bias by Freling Et al. Narrative Economics: How Stories Go Viral and Drive Major Economic Events by Robert J. Shiller Walgreens replaced some fridge doors with screens. And some shoppers absolutely hate it by Nathaniel Meyersohn—CNN Supermarket Facts—FMI How To Want Less by Arthur C. Brooks—The Atlantic Related Episodes 294: How Stories Go Viral and Drive Economic Events See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How societies have functioned without leaders, including leaderless megacities that survived over 800 years. Topics covered include: Is geopolitics more like chess or pokerWhy analysts think Putin will soon agree to a settlement with UkraineDo most development occur from the top-down or bottom-upWhat are some examples of leaderless societies and organizationsHow social capital and enforcement mechanisms allow the world to function without leaders telling everyone what to doHow companies are struggling with the workplace of the future and the role of leadershipWhy do we need more leadership and fewer bosses Thanks to Mint Mobile and Policygenius for sponsoring the episode. For more information on this episode click here. Show Notes The Next 100 Years: A Forecast for the 21st Century by George Friedman Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie Duke Possible Outcomes of the Russo-Ukrainian War and China’s Choice—U.S.-China Perception Monitor Why Is Leadership Important? by Eric Beato—Babson Thought & Action Do We Need Leaders? by Jimmy Guterman_Harvard Business Review Home 3 Reasons Why We Need Leaders—Jonathan Sandling If We’re All Talented People, Why Do We Still Need a Leader? by Angelina Phebus—Lifehack Trust, Associational Life and Economic Performance by Stephen Knack Is hybrid work the worst of both worlds?—The Economist The Dawn of Everything: A New History of Humanity by David Graeber, David Wengrow Related Episodes 203: Is Investing More Like Poker or Chess? 280: Travel and the Trust Economy See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.