It seems like every other week there's a news report about how coffee will help you live longer or will shorten your life. There are similar reports about vitamins and water consumption and any number of other health-related studies. So why do we see so much conflicting information around scientific research in the media?
In this episode of Choiceology with Katy Milkman, a look at the slippery problem of separating correlation from causation.
You'll hear the fascinating story of Franz Mesmer and the apparently miraculous effects of what he dubbed animal magnetism. Author Mara Rockliff recounts the sway that Mesmer held over the Parisian public and how Benjamin Franklin transformed the scientific method in his quest to find the truth.
Mara Rockliff has written several books for young readers, including the multiple award-winning Mesmerized: How Benjamin Franklin Solved a Mystery That Baffled All of France.
Next, economics professor John List joins Katy to discuss the reasons why we confuse correlation and causation and explains the best practices for separating the two in the study of charitable giving, early childhood education, business, and policy.
John List is the Kenneth C. Griffin Distinguished Service Professor in Economics at the University of Chicago and the chief economist at Walmart.
Choiceology is an original podcast from Charles Schwab. For more on the series, visit schwab.com/podcast.
If you enjoy the show, please leave a rating or review on Apple Podcasts.
Important Disclosures
All expressions of opinion are subject to change without notice in reaction to shifting market conditions.
The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.
Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.
Investing involves risk, including loss of principal.
All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.
The book How to Change: The Science of Getting from Where You Are to Where You Want to Be is not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Charles Schwab & Co., Inc. (CS&Co.) has not reviewed the book and makes no representations about its content.
(1122-26TV)
The Charmer's Playbook: With Guests Wilfred Webster & Daniel Read
Recipe for Success: With Guests Simon Rogan & Michele Gelfand
Take the Deal! With Guests Daniel Kahneman, Colin Camerer & Luis Green (Rebroadcast)
Top of Mind: With Guests John Farrell & Manasvini Singh
Repeat After Me: With Guests Jennifer LeMesurier & Tali Sharot
(BONUS) From What It's Like to Be … a Forensic Accountant
A Sticky Situation: With Guests Richard Thaler, Wendy Wood & Susan Budowski
Jumping to Conclusions: With Guests David Silbey & Ned Augenblick
No Mean Feat: With Guests Albert Chen & Elizabeth Tipton
A Cup of Knowledge: With Guests A.J. Jacobs & Steven Sloman
The Golden Misfits: With Guests Gary Lawless & Erika Kirgios
An Accidental Experiment: With Guests Steven Levitt, Solomon Ezra & Stephen Spector
The Superforecasters: With Guests Leon Panetta, Peter Bergen & Barbara Mellers
Survey Says: With Guests W. Joseph Campbell & Emily Oster
(BONUS) From Ripple Effect: Does Diversity Training Work? with Katy Milkman
Brave on the Waves: With Guests Bianca Valenti & Katherine Coffman
Fan Fictions: With Guests Hannah Sung, Crystal Tai & Anuj Shah
The Beanie Bandwagon: With Guests Robert Cialdini & Yemisi Brookes
The Power of Do-Overs: With Guests Jeff Ryan & Marissa Sharif
Create your
podcast in
minutes
It is Free
Financial Decoder
Schwab Market Update Audio
WashingtonWise
On Investing
Giving With Impact