World Model · podcast knowledge graph

The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823

2026-09-22 · 62 min · episode 824 · 27 entities

episode page audio

Asserted relationships

  • → hosted by John R. Miles person
    0.55
    evidence rules-v5
    Feed author/publisher: John R. Miles
  • → discusses Education concept
    0.40
    evidence rules-v5
    Feed category: Education
  • → discusses Health & Fitness concept
    0.40
    evidence rules-v5
    Feed category: Health & Fitness
  • → discusses Self-Improvement concept
    0.40
    evidence rules-v5
    Feed category: Self-Improvement
  • → discusses Mental Health person
    0.40
    evidence rules-v5
    Feed category: Mental Health
  • → discusses Alternative Health concept
    0.40
    evidence rules-v5
    Feed category: Alternative Health
  • → references matteringeffect.com website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://matteringeffect.com/
  • → references Starter Packs person
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://passionstruck.com/starter-packs
  • → references johnrmiles.com website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://johnrmiles.com/
  • → references Speaking website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://johnrmiles.com/speaking
  • → references theignitedlife.net website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://theignitedlife.net/
  • → references youmatterluma.com website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://youmatterluma.com/
  • → references startmattering.com website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://startmattering.com/

Entities found in this episode

websites 12

  • mentioned matteringeffect.com website
    0.45
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://matteringeffect.com/
  • mentioned johnrmiles.com website
    0.45
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://johnrmiles.com/
  • mentioned Speaking website
    0.45
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://johnrmiles.com/speaking
  • mentioned theignitedlife.net website
    0.45
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://theignitedlife.net/
  • mentioned youmatterluma.com website
    0.45
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://youmatterluma.com/
  • mentioned startmattering.com website
    0.45
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://startmattering.com/
  • references matteringeffect.com website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://matteringeffect.com/
  • references johnrmiles.com website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://johnrmiles.com/
  • references Speaking website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://johnrmiles.com/speaking
  • references theignitedlife.net website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://theignitedlife.net/
  • references youmatterluma.com website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://youmatterluma.com/
  • references startmattering.com website
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://startmattering.com/

concepts 9

  • mentioned Education concept
    0.50
    evidence rules-v5
    Feed category: Education
  • mentioned Health & Fitness concept
    0.50
    evidence rules-v5
    Feed category: Health & Fitness
  • mentioned Self-Improvement concept
    0.50
    evidence rules-v5
    Feed category: Self-Improvement
  • mentioned Alternative Health concept
    0.50
    evidence rules-v5
    Feed category: Alternative Health
  • mentioned Alex Edmans – EP 823 concept
    0.42
    evidence rules-v5
    The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823
  • discusses Education concept
    0.40
    evidence rules-v5
    Feed category: Education
  • discusses Health & Fitness concept
    0.40
    evidence rules-v5
    Feed category: Health & Fitness
  • discusses Self-Improvement concept
    0.40
    evidence rules-v5
    Feed category: Self-Improvement
  • discusses Alternative Health concept
    0.40
    evidence rules-v5
    Feed category: Alternative Health

persons 6

  • mentioned John R. Miles person
    0.70
    evidence rules-v5
    Feed author/publisher: John R. Miles
  • hosted by John R. Miles person
    0.55
    evidence rules-v5
    Feed author/publisher: John R. Miles
  • mentioned Mental Health person
    0.50
    evidence rules-v5
    Feed category: Mental Health
  • mentioned Starter Packs person
    0.45
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://passionstruck.com/starter-packs
  • discusses Mental Health person
    0.40
    evidence rules-v5
    Feed category: Mental Health
  • references Starter Packs person
    0.38
    evidence rules-v5
    Link in episode "The Psychology Behind Why Smart People Make Terrible Decisions | Alex Edmans – EP 823": https://passionstruck.com/starter-packs
Episode description as stored
You're smart. You're informed. So why do you still make terrible decisions? We like to believe that intelligence and information protect us from bad decisions. They don't. Professor Alex Edmans, Professor of Finance at London Business School and Fellow of the British Academy, returns to Passion Struck to reveal the psychological forces that can distort our judgment—from confirmation bias and anchoring to herd behavior, emotional decision-making, and our tendency to follow whatever information is most visible. His new book, The Madness of Markets , uses financial markets to expose a much bigger truth about human behavior: the same biases that influence investors can shape the decisions we make in our careers, leadership, relationships, and everyday lives. Even Isaac Newton wasn't immune. In this conversation, Alex explains: Why being intelligent doesn't make you rational Why more information doesn't necessarily lead to better decisions How confirmation bias makes us see evidence that supports what we already believe Why we tend to overreact to information that's flashy, visible, and impossible to ignore How anchoring causes the first information we encounter to influence our later judgment Why millions of people making the same mistake can create collective irrationality rather than canceling one another out How compelling stories can overpower better evidence Why culture, human capital, reputation, and innovation can matter enormously even when they're difficult to measure Why AI may change the decisions humans make without eliminating human bias And the one question Alex believes can make you wiser: “What is the other side?” Alex's advice extends far beyond investing. Before you change jobs, relocate, end a relationship, make a major purchase, or commit to an important belief, look for the strongest argument against your own position. If you can't see it yourself, find someone you trust who disagrees with you and ask them to make the case. Because becoming a better decision-maker isn't always about knowing more. Sometimes it's about learning to see what you're missing. Listen to the full shownotes Download the FREE Companion Digital Workbook Pre-Order The Mattering Effect : https://matteringeffect.com/. Take the 90-second diagnostic to see if you're disappearing. Explore the Show : https://passionstruck.com/starter-packs/. New to Passion Struck? Start with the best episodes curated for you. Connect with John Website: https://johnrmiles.com Book John to Speak: https://johnrmiles.com/speaking/ Substack: https://www.theignitedlife.net/ Children’s Book — You Matter, Luma: https://youmatterluma.com/ Support the Movement : https://startmattering.com/. Every human deserves to feel seen, valued, and like they matter. Wear it. Live it. Show it. Passion Struck — #1 Alternative Health Podcast. 85M+ downloads. Disclaimer The Passion Struck podcast is for educational and entertainment purposes only. The views and opinions expressed do not necessarily reflect those of Passion Struck or its affiliates. This podcast is not a substitute for professional medical or psychological advice. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.