Episode Transcript
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0:00
How
0:00
do you find opportunities in
0:02
hard situations? And are you ready to
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reach your wouldn't go back moment? That's
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what I help you do in my new book, which
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just like this podcast is called Build
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For Tomorrow. It's a guide to help
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anyone who's going through big change in their
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work or life. and is full of
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exercises, lessons, and big
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to work your next job and how to change
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before you must. along with stories
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from the smartest people in business and
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the history of innovation. Stuff
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that frankly I learned while making this
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podcast and then I expanded to figure out
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how it can help you. Because this book
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is designed to help you thrive. Reinvention,
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it's not about grit. It's a process anyone
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can learn and since this book has come out, I've
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heard from so many people who said it helped
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them figure out what they really want and
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then go get it. Hild for tomorrow
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is available in hardcover, audio
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book, and e book, and you can find it
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wherever you find books, whether that's
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Amazon, Barnes and Noble, your local retailer,
0:59
or jason pfeiffer dot com slash
1:02
book. Again, my book is called
1:04
Build For Tomorrow.
1:07
This is Build For Tomorrow, a podcast
1:09
about the smartest solutions to our most
1:11
misunderstood stood problems. I'm Jason
1:14
Feifer. Have you ever done
1:16
something and it did not go
1:18
as you hoped and then you just
1:20
felt empty. And
1:22
you started obsessing over it,
1:24
like going through every detail over
1:27
and over. Imagine all the ways
1:29
you could have done better Well, I
1:31
recently had a kind of
1:33
embarrassing experience like this and it made
1:36
me feel a little crazy and then it sent me
1:38
down a rabbit hole to understand what
1:40
was happening to me? And I wanna
1:42
tell you about it because what I found was
1:44
pretty helpful. And maybe the next
1:46
time you are obsessing over what could
1:48
have been, It can be helpful to you
1:50
too. So some context.
1:53
As you may know, I released a book in
1:55
September. It's called Build For Tomorrow, just
1:57
like this pod and as part of promoting
1:59
the book, I asked every
2:02
big podcaster I know if they would
2:04
have me on their show because, you know, podcasts
2:06
are one of the best ways to promote books. And
2:08
for the most part, everyone said yes, which was
2:11
awesome. And then the tapings all went
2:13
pretty well, which was also awesome except
2:17
for two of them. Those
2:19
did not go so well. And when
2:21
that happened, I just could
2:24
not stop obsessing over
2:26
it. The worst experience
2:28
happened after I went on Gary
2:31
Vaynerchuk's podcast. So maybe you
2:33
know Gary's name he's a big celebrity
2:35
in the entrepreneurship space. He has a super
2:37
devoted fan base. And I I've
2:39
known Gary for years. I've interviewed him many
2:41
times. So here's how
2:43
he opened up the podcast. It was a very
2:45
natural way to do it. He explained that I'm
2:48
usually the one interviewing him, but now it's
2:50
a role reversal and he's interviewing me.
2:52
And then he said, welcome my friend
2:54
Jason to the show. Jeez, how are you?
2:56
Hey man. Great to see you. This is really fun
2:58
to be on the other side of this. III don't even
3:01
know how it's gonna go. I don't
3:03
even know how it's gonna go.
3:05
What are the words coming out of my mouth?
3:07
What am I talking about? and the
3:09
rest of the show just felt like that. Like,
3:12
I wanted to say something smart and instead
3:14
what came out of my mouth was just like a
3:16
b minus. I stories fell flat,
3:18
my points felt disjointed. I was not
3:20
as sharp as I wanted to be. I I could
3:22
feel it in the moment as it was happening.
3:24
And to be clear, Gary did nothing
3:27
wrong. He was welcoming and
3:29
engaging. I just could not find
3:31
my footing. I don't know what it was because I tired
3:33
that day? Did I have too many things on my mind?
3:36
And now, maybe you think, Jason, you are
3:38
being hard on yourself. This sounds
3:40
totally fine. And that is
3:42
true, rationally speaking.
3:45
But, you know, we are not dealing with
3:47
rational thought here. We are dealing with
3:49
something else. We are dealing with me. a
3:51
guy who is feeling a lot of pressure to maximize
3:53
every opportunity and who holds himself to
3:55
a very high standard. So when the interview with
3:57
Gary ended, Well,
4:00
we had taped it remotely, which meant that I
4:02
was then just sitting alone in my bedroom
4:04
and thinking, god.
4:06
I blew that. I blew a huge
4:08
chance to sell books and win over some of
4:10
Gary's audience. And then my
4:12
brain I just went, I don't
4:14
know. I guess it it just said
4:18
maybe it was fine. This is what my
4:20
brain is thought. Maybe it was fine. So I
4:22
tried to tell myself, I started to say out
4:24
loud. It was fine. It was fine.
4:26
It was fine. I started to pace in
4:28
my room talking to myself, repeating it. It
4:30
was fine. It was fine. I did this for minutes. It
4:32
was it was fine. It was fine. But I
4:34
was also thinking, no, it
4:36
was not fine. You could have told that story different.
4:38
could have made that point when he asked you that thing or
4:41
I don't know or maybe it was fine. It was fine.
4:43
And then I realized, oh, crap. I have to
4:45
run across town for this important meeting where I have
4:47
to be really on I am in no state to
4:49
do that right now because I'm assessing over this thing.
4:51
So I need to get this out my head. So I walked to
4:53
the subway and I was repeating it. It was fine. It was
4:55
fine. Then I'm on the subway. It was fine. It was
4:57
fine. It was No. It wasn't fine. Like, I'm literally
4:59
saying this out loud. I should've done this. I should've done
5:01
that. Maybe it was fine. I don't know. And then I thought,
5:03
okay. This this needs to
5:05
stop. Like, it needs to stop right now. This is crazy.
5:07
what else can I do here? So
5:10
I wondered, well,
5:12
what is happening to me right now?
5:14
Like, I've blown things
5:16
before and I felt bad about them, but
5:18
this feels like it's at a new level. I'm
5:20
not usually talking out loud to myself.
5:23
So Is this a thing that happens to
5:25
people? Is there a term for
5:27
what's happening to me? Is there scientific
5:29
literature on it? Because that
5:31
would make me feel less crazy, I
5:33
guess. So I started
5:35
googling around and soon I found
5:37
it. I found the term.
5:40
The term for what my brain
5:42
was doing. And it is
5:44
called counterfactual thinking.
5:47
Counterfactual thinking.
5:50
Turns out it's also very common.
5:53
And now that I knew what it
5:55
was, I could call people who study
5:57
it to ask what the hell is
5:59
going on
5:59
with me. which
6:00
is what I did. And so counterfactual thinking
6:03
is usually defined as simply
6:05
mentally simulating alternatives
6:09
to reality. and playing
6:11
them out and considering the
6:13
outcomes. In other words, it is
6:15
what if thinking? What if this
6:17
happened? What if I did that? Differently
6:19
comparing reality to an
6:21
imaginary world. Oh,
6:23
that voice you heard was John. John
6:25
Petricchioen? And I'm a social
6:28
psychologist. and professor at
6:30
Wake Forest University. And he specializes
6:32
in, among other things, counterfactual
6:35
thinking. My research has shown
6:37
that people are very, very
6:39
good at generating
6:41
these thoughts quite automatically. So
6:43
don't feel bad if if
6:45
you had the thoughts automatically and
6:47
you couldn't get rid of though. But here's the
6:49
interesting thing, which is going to sound obvious
6:51
at first, but is also pretty profound.
6:54
We also know that especially when
6:56
you're looking or you're hoping for a
6:58
desirable outcome. It's very easy
7:00
to undo just about
7:02
anything and to ventamentally
7:04
assume that it that it would have
7:06
changed the outcome in a in a
7:08
positive direction. Right. We
7:11
assume that if something had been
7:13
different in the situation in which we
7:15
are now regretting, it would have been different
7:17
in a better way. that
7:19
if only I'd said this or that thing on
7:21
the podcast that it would have been better, I would
7:23
have sold more books that if only you turned
7:26
left and said a right, you would have gotten that important
7:28
meeting on time that if only you'd stayed with that
7:30
girlfriend or boyfriend, your life would be
7:32
better and happier. If only,
7:34
if only, we think
7:36
we know what went wrong, and
7:38
therefore, we are sure about how it
7:40
could have gone right. But
7:42
that is wrong because
7:45
we don't know that at all. It's very
7:47
seductive and automatic and
7:49
can happen even at an implicit level.
7:51
We're not even aware of it. And shaping
7:54
our judgments and our decisions
7:56
in a way that we haven't really
7:58
fully explicitly
7:59
thought out. We may not have said.
8:02
We may not have Said
8:04
even in our self talk to ourselves,
8:06
we may not have written it down, but it could still
8:08
have quite the effect on
8:10
learning and memory and
8:12
decision making in the future. So
8:14
what is that effect? And
8:16
how can we shape it ourselves?
8:19
to gain some control back from the
8:21
counter factual thoughts to
8:23
counter the counter factuals. That
8:26
is what I went in search of. And I
8:28
have to say, The more I learned,
8:30
the better I felt, and I hope you can
8:32
feel the same. It's all coming up
8:34
after the break. Did you
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Alright. We're back. So here's what we're gonna do. First,
11:06
we are going to understand more
11:08
about counter factual thinking. How
11:10
it happens? why it happens and
11:12
what we're missing when we're stuck
11:14
obsessing over what could have been.
11:16
And then we'll talk about what we
11:18
can actually do about to
11:20
try to unstuck that obsession.
11:22
Before we explain how it happens, let's explain what
11:25
it is.
11:25
That's a good plan. Okay? This
11:27
is Amy.
11:28
I'm Amy Somerville. I'm a social
11:30
psychology PhD who does
11:32
research on decision making and a version of the
11:34
special interest in how we think about what
11:36
might have Ben and the emotion of
11:38
regret.
11:38
So here's where to start according
11:40
to Amy. There are actually two
11:43
kinds of counter factual thinking and
11:45
we experience them at different times.
11:47
So you can
11:48
think about how things could have been
11:51
better and we call that upward counter factual
11:53
thinking, you're sort of looking up and imagining
11:55
how things could have been better.
11:56
That, of course, is what I was doing.
11:59
And
11:59
then there's also something called downward counterfactual
12:02
thinking. WHERE YOU THINK ABOUT HOW THINGS COULD
12:04
HAVE BEEN WORSE. WHEN I
12:05
FIRST HEARD THAT, I THOUGHT, WHY
12:08
WOULD ANYONE obsess OVER HOW THINGS COULD HAVE
12:10
BEEN WORSE I mean, if
12:12
you're feeling bad, it's all it's already
12:14
bad. And yet there are
12:16
many reasons. For example, survivors
12:18
of tragedy will keep THINKING ABOUT
12:20
HOW CLOSE THEY WERE TO INJURY OR
12:22
DEATH, BUT IT CAN HAPPEN MORE
12:24
CASUALLY.
12:24
THERE'S SOME REALLY INTERESTING WORKED BY
12:26
Laura CRAY AND BY appabriel that has
12:28
actually found that that downward counterfactual
12:31
thinking has some really interesting
12:33
value to us that it actually makes us feel that things
12:35
are more meant to be So if I
12:37
have you think about how, like, you might never
12:39
have met your best friend, that relationship
12:41
actually feels more meaningful to you. But,
12:43
okay,
12:43
we're gonna set all that aside now
12:45
because we're not actually here to talk about
12:48
downward counterfactuals today. We're
12:50
here to talk about upward counterfactuals.
12:52
Where Negative events.
12:54
prompt
12:54
us to think about what
12:56
could have been different. We want
12:58
to reinvent how could I have
13:01
avoided this bad thing.
13:02
But this doesn't happen all the time, of
13:05
course. Not every bad thing
13:07
leads to obsessive counter factual
13:09
thinking. So Why sometimes? What
13:11
is more likely to cause it? Amy
13:13
says that science has identified a bunch
13:15
of causes, and we're gonna talk about
13:17
three of them briefly here. The
13:19
first is proximity. Is there
13:21
something where something
13:23
was, you know, physically or numerically
13:25
or temporarily close For
13:27
example, people who miss a flight by
13:30
five minutes are more likely to
13:32
obsess over it than someone who missed a flight by an
13:34
hour. Because, you know, it was so
13:36
close they feel like had they just made
13:38
one different decision along the way
13:40
they could have made that flight. The
13:42
second common trigger is routine.
13:44
if we do something that's out of
13:47
routine or abnormal, that really
13:49
sticks out to us. So,
13:50
like, let's say you always prepare for
13:52
a meeting. And then one day you don't prepare and the
13:54
meeting was awful. So now you'll start to
13:56
think, if only I'd prepared, if
13:58
only I hadn't deviated from the
14:00
routine, And the third
14:02
trigger is if you are a person
14:04
who feels like they're in
14:06
control. There
14:07
does seem to be a link between feeling
14:09
a sense of head of personal agency
14:11
and control and feeling like
14:13
you're in charge of your own
14:15
destiny that does
14:18
relate to counter fact virtual thinking that you're
14:20
more likely to have these thoughts about, oh, I
14:22
could have done something different if you
14:24
have sort of that worldview. And for
14:25
what it's worth, sample size of one here.
14:28
But when I think back to what
14:30
triggered my own counterfactual thinking, I could
14:32
relate to all of that.
14:34
And here's another thing. Counterfactual
14:37
thinking does
14:39
not, by its very nature,
14:41
have to be bad or disruptive. It
14:43
can just be a thought So
14:45
what was I doing when I could not
14:47
get over it? Well, that's an added
14:49
layer on top. It's what psychologists
14:52
call illumination.
14:53
People can ruminate overall kinds of
14:55
things, not just counterfactuals. And the
14:57
word literally comes from how
14:59
cows digest their food, which
15:01
is that they vomit it back
15:03
up and chew it over again and again
15:05
and they keep so
15:07
it's super gross metaphor, but I
15:09
think actually really captures that
15:11
sense of something that's just sort of this
15:13
involuntary, intrusive, like,
15:16
it just keeps coming back up whether you
15:18
want it to or not.
15:19
So now let's get to the question that feels really
15:22
personal. Why do we do
15:24
this? I'd raised that question
15:26
earlier in the episode, but now it's time to go
15:28
deeper into it because When I spoke
15:30
with Amy, I had a theory.
15:32
I have this assumption, which could be an
15:34
incorrect one. But the assumption is that if there is
15:36
something common that happens in
15:38
our brain, then there was
15:40
some kind of evolutionary purpose
15:42
to it even if it doesn't get expressed
15:45
in maybe the way in which it was supposed to
15:47
be. And and so my best guests
15:49
here with with counterfactual thinking or
15:51
or illumination, I suppose, is is that
15:53
the reason that we do this is because we're
15:55
programmed to learn. And so we go through
15:57
experiences, and then we're trying to take the
15:59
lessons from those experiences. But the
16:01
problem is that if if those
16:03
experiences don't match up our expectations, then
16:05
we're in a kind of loop where we
16:08
realize that we maybe have learned a hard
16:10
lesson, but it feels very bad. And
16:12
so what we end up doing is kind of going back and trying
16:14
to, like, wheel the past
16:16
into some kind of different
16:18
experience. Am I am I right
16:20
there? What do we know about why this
16:22
is a thing that happens? Howard Bauchner:
16:24
Yeah, so you're you're exactly right.
16:26
So those of us who have what we call sort of
16:28
a functional view of counterfactuals
16:31
believe exactly that. The counterfactuals are
16:33
what help us learn from our mistakes.
16:36
And my colleague Rachel Smallman has
16:38
done a lot of really interesting work showing
16:40
that there's actually a link between counterfactuals
16:43
and forming intentions for the
16:45
future. So, you know, if you
16:47
were walking around with your coffee this
16:49
morning and you spilled it on yourself
16:51
and you say, ah, I like I should have put
16:53
a lid on my coffee or I should have
16:55
used a travel log instead of an
16:56
open mug, then you're more
16:59
likely tomorrow morning to say, oh, let me put
17:01
that lid on at the hotel or let me grab my
17:03
travel mug out of the cabinet instead of my open mug
17:05
at home. and therefore avoided
17:07
in the future. But there's
17:08
another camp of thinkers and
17:10
they say no counterfactuals
17:13
are not a byproduct of the way that we learn. They
17:15
are instead a byproduct of how
17:17
we make sense of the world, which is
17:20
what drives a lot of our biases and
17:22
misunderstanding. Like, we
17:24
want
17:24
the world to seem controllable
17:26
and to have the world seem like it
17:28
makes causal sense. was
17:30
really kind of psychologically threatening to think that,
17:32
like, just bad things happen randomly. And
17:35
so sometimes counterfactuals can be
17:37
used just as a way of
17:39
kind of telling a story that
17:41
makes the world seem
17:44
more kind of sensible. For
17:47
example, Amy says that
17:47
you can see this in victim blaming. So
17:49
let's say someone forgets to lock their
17:51
front door one night and that their home gets
17:54
broken into. other people might think,
17:56
well, if they locked their front
17:58
door, the home wouldn't have been burglarized.
18:00
So it was their fault, which
18:03
maybe, maybe not. But what's
18:05
really happening here is that those other people
18:07
are trying to make sense of this
18:09
story in a world in which they do
18:11
not want to be the person. that bad things happen
18:13
to. So they wanna transform this
18:15
from a story about random
18:17
chance where a bad person just
18:19
decided to do a bad thing
18:21
to a random person into a story
18:23
about what could have been done to
18:25
avoid it because that feels
18:28
safer. random chance is
18:30
scary. And this is actually one of the
18:32
great dangers of counterfactuals because
18:34
even if counterfactuals are a means
18:36
of us learning from experience, it's
18:39
also very hard to know what
18:41
lesson we're supposed to learn from any
18:43
one situation. you
18:44
can focus on the wrong
18:46
specific behavior because
18:49
it's unknowable. Like, which of these
18:51
specific behaviors would
18:53
have changed things.
18:54
Maybe locking the front door would have deterred
18:57
the burglar or maybe not because
18:59
if the door was locked, they would have just broken through a
19:01
window. We don't know. we
19:03
often can't know. Amy
19:05
used a simpler example to illustrate
19:07
this. You heard it a second ago. She was
19:09
saying, you know, you're carrying a cup of coffee and you
19:11
spill it on yourself. So what are you
19:13
gonna learn from it? You know, you're you're probably gonna think,
19:15
well, if I did just if I
19:17
only didn't do this one thing, I wouldn't have
19:20
spilled the coffee. But Alright. One
19:22
thing. To not drink coffee, to
19:24
not walk with coffee, to not have a
19:26
lid on your coffee, to not fill the cup up
19:28
as much as you did, as it turns out,
19:30
Amy says, unless a bad
19:32
outcome is very clear,
19:34
like touching a hot stove and getting
19:36
burned, then people aren't
19:38
actually very good at identifying the thing that
19:40
led to a bad outcome. We
19:42
know that
19:42
there are biases in the way that
19:45
people tend to come up with
19:47
these things. So we talked about this
19:49
idea of, you know, what's your
19:51
routine and people tend to focus on
19:53
the things that are out of routine. People
19:55
also tend to focus on
19:57
things
19:57
that kind of happened early or
20:00
late in a string of events. So
20:02
I grew up in Indiana, so basketball was
20:04
basically a state religion. And you see
20:06
this all the time. Right? Like, there there is the
20:08
guy who misses the shot right at the
20:10
buzzer and, you know, they were
20:12
down by one. And if he'd made it, then they
20:14
would have won. And, ah, like, if he just
20:16
made that shot. But of course, every
20:18
single missed shot has exactly the
20:20
same impact on the score. Right? If the guy who,
20:22
in the middle of the third quarter, had
20:24
made that shot too, That also
20:26
would have came to the outcome of the game
20:28
by exactly the game. They could have
20:29
they could have about ten instead of down one at the end
20:31
of that game if a couple other people had made
20:33
shots. Exactly.
20:34
Yeah. So if you
20:35
can't quite identify the thing that would
20:38
have made the difference, then you're
20:40
gonna do one of two things. Either
20:42
number one, you're
20:44
going to learn nothing from this thing that you're
20:46
obsessing over. Or number
20:48
two, you will potentially draw the
20:50
wrong lesson. And perhaps
20:52
this is why people do not learn
20:54
from experience nearly
20:55
as quickly as we would hope and
20:58
and think they would.
21:00
That is John Petachelli from Wake Forest
21:02
again. For example, he says okay.
21:04
So he describes the study in which
21:06
people are asked to make a decision based
21:08
on coin flips. and what
21:10
they don't realize is that the coin is
21:13
weighted so that it ends up landing
21:15
twice as much on heads as it does
21:17
on tails. Most people
21:19
think that People would learn
21:21
that quite readily because heads is
21:23
coming up twice for
21:25
every one tails on
21:27
average. But it takes quite a while
21:29
for people to learn that maybe upwards
21:31
of sixty flips if they're even
21:33
paying attention. Why? Again,
21:35
too many factors. you're not paying close
21:38
attention, you think it's random chance, you're
21:40
focusing on other things happening in the study,
21:42
and this is a simple scenario
21:44
a coin flip has a very limited number
21:46
of factors. Now, make that
21:48
more complex, like why you blew it
21:50
on a date or why you blew that
21:53
meeting or why I blew those podcasts.
21:55
Maybe you've done forty podcasts
21:57
and all all other, you know, thirty nine or
21:59
thirty eight of them have gone well. It's
22:02
very difficult and say, well, I'm gonna learn
22:04
from this one decision. It's
22:06
very seductive to think I'm going to learn
22:08
from it, but But chances are if you're in the same
22:11
exact context, you're gonna make the same
22:13
decision. And then maybe
22:15
even ruminate over the
22:17
same counterfactuals. So
22:19
this doesn't sound very promising. Does
22:22
it? I mean, here we're trapped in a kind of
22:24
thinking that maybe helps us
22:26
learn or maybe just helps us
22:28
tell comforting fantasies about the world.
22:31
Either way, we're so bad at learning
22:33
from experience that we're doomed to repeat the
22:35
same mistakes we regret anyway. or
22:37
are we? There is
22:40
actually some hope for us yet.
22:42
I promise. And that is what's
22:44
coming up after the break.
22:47
If you are an entrepreneurial minded
22:49
person, if you are always thinking, what's
22:51
the next big idea for a business or
22:53
just even a side hustle, Well then, I've got a
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22:57
my first million. The two
22:59
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23:01
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23:03
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23:14
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23:16
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23:18
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23:20
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23:22
recent episode with Andrew Wilkinson,
23:24
where he talks about why getting rich
23:26
slow is better than getting rich quick.
23:28
They also talk about the five pillars of
23:30
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23:34
they can get you thinking big
23:37
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24:51
Ari, we're
24:53
back. And now it is time
24:55
to talk solutions. although let's
24:58
set some expectations here.
25:00
When I asked Amy if there was some
25:02
kind of simple exercise that people
25:04
could do to escape counterfactuals,
25:07
said I don't
25:08
know that there is. Because,
25:09
you know, when we become the human
25:12
equivalent of the spinning pinwheel
25:14
of death on a screen, you can't
25:16
just reboot the system. Instead,
25:18
the starting point has to be understanding
25:20
what is happening in your head
25:22
and then using that awareness to
25:25
your advantage. Like, for example, to
25:27
go back to one of the things that Amy said
25:29
could trigger counterfactuals.
25:30
We know that people
25:32
tend to feel the most
25:35
ongoing regret about the parts of their life
25:37
where they feel a
25:38
sense of control and they feel like things
25:40
are important. And so I think partially
25:43
just recognizing that, right, that
25:45
you you're feeling this
25:47
big regret in the moment because
25:49
this is something that is gonna continue
25:51
to matter to you. Right? If it
25:53
was not important, you would just get
25:55
over it. And so I think
25:57
accepting that that's just the price of
25:59
caring a
25:59
little bit.
26:00
I really like that phrase, the price
26:03
of caring. And it
26:05
reminded me of something that my wife often
26:07
tells me when I get into moments like this, which
26:09
is basically like Nobody is thinking
26:11
about this as much as you are, she tells me.
26:13
Not the podcast host, not the
26:15
podcast listeners. Nobody. So
26:17
I told Amy what my wife
26:19
tries to do is to get
26:21
me to care a little less. Right? To
26:23
say, you know what? Fine. Even
26:25
if it was bad, what does it matter?
26:27
because people will forget it instantly.
26:29
You didn't do something terrible. You just
26:31
didn't perform as well as you thought you would. Right?
26:33
Like, nobody's gonna write about how terrible you
26:36
were on Gary V's podcast. they're just
26:38
gonna take it as it is. And so
26:40
maybe just care a little less or
26:42
put it in perspective about how how it's not
26:44
it's not
26:44
important Yeah. One of the things you were saying, you know, that your wife might
26:47
tell you of, like, people are gonna forget this
26:49
in five minutes. I
26:50
you think think is
26:51
that idea of taking kind of a longer
26:53
kind of temple oral time. So
26:56
there's a lot of work on this
26:58
idea that there are real
27:00
differences in how we think about things that
27:02
are close to
27:04
us physically in time or things
27:06
that are far away. So this comes up, you
27:08
may have heard of, like, the delayed discounting effect.
27:10
So this is something where
27:12
If I tell you, I'll give you a dollar
27:15
right now, or I'll give
27:17
you five bucks a week from now.
27:19
Most people take the dollar right now. But I
27:21
say, hey, I'll give you a dollar
27:23
a year from now, or
27:25
I'll give you five dollars a year and
27:27
a week from most people take
27:29
the five bucks. Because when you're
27:31
really thinking about right now, like, right now, like, yeah,
27:34
like a buck would be great. I could go down the
27:36
hall. I could get a out of the vending
27:38
machine, that'd be really nice before I go on stage. There's sort
27:40
of this closeness to it
27:42
versus when you think about a year
27:44
from now, right,
27:45
that difference of a week feels super abstract. Like,
27:47
of course, I'd take five, dollars that's totally
27:49
the rational choice here. And so
27:51
I think that taking that kind of
27:54
long view about your own regrets as
27:56
well. There
27:56
are some things where you
27:58
make a decision now that five years
28:00
from now, you are still gonna be thinking about. that
28:03
decision. Like, our decisions have
28:05
consequences. But there are also
28:07
some things where five
28:09
years from now, you're not even gonna
28:11
remember what it is upset about right now. And so I
28:13
think really trying to
28:16
triage on that is really helpful.
28:18
So kind of taking the the long
28:20
view of Okay, five years
28:21
from now, what is it that you think you
28:23
should have learned from this moment? You know,
28:26
five years from now, is this even a thing
28:28
you're gonna care about.
28:30
I think is probably one of
28:32
the best things you could
28:33
try. That's awesome. I'll tell you that what up
28:35
being the Cure for me was the
28:37
podcast coming out. Because when it came out
28:39
and people didn't react negatively to
28:42
it. Right? I mean, maybe they could have
28:44
reacted more positively to it.
28:46
I don't know. But that's now that's a level of
28:48
abstraction that I sort of can't can't
28:50
deal with. Right? But when when
28:52
I got messages from strangers who said that
28:54
they they liked that episode.
28:56
I could just feel that tension
28:58
immediately disappear from my body.
29:00
It's
29:00
very good. We started up by talking about
29:02
Upward and downward counterfactuals and
29:05
and it's really all very
29:07
relative. One of the great examples
29:08
of this is there's a lot of evidence
29:10
showing that if you show people
29:12
the faces of Olympic Medalists and
29:14
have them rate how happy or
29:17
upset these medalists look on the medalist.
29:20
Silver medalists are consistently
29:22
the least happy people on
29:24
the podium. because they're thinking
29:26
about I could have won gold
29:28
and actually bronze medalists tend to
29:30
be substantially happier than silver
29:32
medalist because they're thinking I
29:34
want a medal. Like, I almost didn't win a medal, and I
29:36
won an Olympic medal. That's amazing. And so
29:38
I think that, you know, trying to take the view
29:40
of, like, remembering that as
29:42
a actually objectively better off in the
29:44
bronze medalist. You know, is also, I
29:47
think, a really helpful thing.
29:49
So know,
29:50
yes, maybe the podcast could have gone better,
29:52
but like, wow, you were a guest
29:54
on a podcast that you
29:56
really admired. And you know, that was
29:58
an amazing opportunity
29:59
and focus on
30:02
that thing that was good about
30:04
the situation. and
30:06
really kind of keep that comparison point in
30:08
perspective.
30:08
That's amazing. I love that.
30:10
But we could go one level deeper
30:13
because here's the thing. counterfactuals can
30:15
trap us in a bad way of
30:17
thinking, but counterfactuals might
30:19
also be our escape route.
30:21
Here is John again. Well, the
30:23
trick is And it's gonna sound a little
30:25
funny, but the trick is to
30:27
consider additional alternatives,
30:29
to consider other counter factual.
30:32
Here's why. John reminded me of something
30:34
that psychologists call the availability
30:38
heuristic, which basically means that we are
30:40
biased towards the stuff that's easiest
30:42
to remember. This came up a few months ago in
30:44
an episode of this podcast that I
30:46
titled All The Fund Facts You
30:49
Have Wrong. where we misinformation
30:51
spreads in part because lies
30:53
often feel true and are just
30:55
easy to remember. That is
30:57
the availability heuristic. So
30:59
the easier it is to generate a thought or
31:02
the easier it is to generate examples
31:05
of an event or an examples of an
31:07
argument you're trying to make the
31:09
easier it is, the more likely we think
31:11
it is to be true, or the
31:13
more likely we think it is to occur. And
31:15
if that's the case, then every
31:18
time we run through a counterfactual in our
31:20
head, the idea becomes even
31:22
more compelling and convincing to us.
31:24
It feels truer through
31:26
repetition. So instead of doing that, instead
31:28
of convincing ourselves through repetition, we
31:30
should instead add noise,
31:33
add more things to consider or
31:35
fight the counterfactuals with counterfactuals. If
31:38
you open your mind to them, it's much
31:40
easier to see, well, you know what?
31:42
Maybe it wasn't such a bad podcast
31:45
because it could have been a hell of a lot
31:47
worse, which I admit
31:50
is true. I mean, a b performance is
31:52
still better than a total
31:54
embarrassment. I don't know who first said it. I think it's
31:56
been around probably for at
31:58
least two centuries, the better to
32:00
have loved and lost than
32:02
to never have loved at all. Right? Would
32:04
you have rather not done that pot
32:06
cast at all. I mean, that's another alternative.
32:10
Right? At least you did it. You know,
32:12
at least you you got it out there
32:14
and once you expand those
32:16
possibilities. It's easier to kind of give yourself a break.
32:18
I didn't know who said that either, but
32:20
I got curious. So I looked it up. It's
32:22
often attributed to Shakespeare, but it's
32:25
actually from the English poet Lord Alfred
32:27
Tennison in an eighteen fifty poem
32:29
of his called Inn memoriam
32:32
AHH The poem
32:34
was about the death of his friend Arthur
32:36
Henry Hallum, AHH
32:39
Poitt who died of a stroke at age twenty too.
32:41
The original line was almost exactly as
32:43
people say it today. T is better
32:45
to have loved and lost than never
32:47
to have loved at all. But
32:49
anyway, we digress. The point here is there
32:51
are a lot of things that we can tell
32:54
ourselves. And just because we tell ourselves
32:56
one thing, doesn't make it true.
32:58
That actually was the biggest takeaway
33:00
for me in these conversations.
33:02
You know, both Amy and John made
33:04
this point to me I referenced
33:06
it earlier in the episode, we
33:08
base counterfactuals on a belief that if
33:10
we just did one thing different,
33:13
everything would have been better. But
33:15
we don't actually know that. It may
33:17
not be true. Everything we do is
33:19
the product of a million random
33:22
actors, only some of which are in our control.
33:24
Amy compared it to an entrepreneur whose
33:26
business fails and who then beats themselves up
33:28
by thinking, if only I'd
33:31
made this decision. If only I'd done that partnership,
33:33
if only I'd hired this
33:35
other person, then the business would
33:37
have survived. And, you know,
33:39
know Maybe that's true. But
33:42
also, maybe it's not. A lot of
33:43
dentures failed, not because people made bad
33:46
choices, not because people were bad
33:48
entrepreneurs, but
33:50
Things failed because there were these massive forces
33:52
outside of anybody's control and
33:54
ability to predict. Run the scenario
33:56
ten thousand times and
33:59
make slightly different decisions each time, and you still
34:01
might end up with ten thousand
34:03
failures. Not everything is a
34:05
recipe for success. Sometimes,
34:07
it just wasn't your day. I
34:09
have to say, terrible as that
34:12
all sounds. The inevitability of
34:14
failure actually gives me a
34:16
little comfort It's like, I
34:18
don't know, I feel like I have
34:20
control over most things in my life and
34:22
that's why when something doesn't break my
34:24
way, I beat myself up over it. You know, I figure, I was in
34:26
control. How did I mess it up? But
34:28
if we can't control everything,
34:30
then maybe
34:32
it's maybe it's
34:34
not worth beating ourselves
34:36
up over. I know I'm probably
34:38
teetering into cliche territory here
34:40
if I'm not already there a long shot,
34:42
but it makes me think, you know,
34:44
like every all star basketball player
34:46
missed a game winning shot. every
34:50
meticulously prepared political candidate
34:52
still bombs in a debate. If
34:54
our definition of success is complete perfection,
34:56
though we are only setting ourselves
34:58
up for failure because nothing is perfect.
35:00
No matter how much we
35:02
think we know about how to
35:06
create perfection. So where does that leave me? Well, it leaves
35:08
me thinking about this question that
35:10
I heard somebody say a long time
35:12
ago on a
35:14
podcast. I wish I could remember who
35:16
it was so I could credit them. But anyway, they were saying that look, if
35:18
we ask the question, is this
35:22
perfect? about the things that we are doing
35:24
or evaluating or wondering whether
35:26
they're worth our time or
35:28
effort? Well, then
35:30
we already have our answer because nothing is perfect. So you ask
35:32
the question, is this perfect? And the answer
35:35
is no. And if that's the
35:38
filter through which we're going to push things, then we're going to
35:40
filter almost everything out.
35:42
But what if instead we asked
35:45
a different question? what if instead
35:47
we ask, is this new
35:50
problem better
35:51
than our old problem?
35:54
Because when you ask
35:56
that, well, you just leave open the reality of problems.
35:58
Problems are part of the process.
35:59
And therefore, the problem
36:02
doesn't scare you
36:04
off. It's just well,
36:06
you know, it's just the cost of
36:08
admission. And also, that means that you can
36:10
then track progress
36:13
through problems. to whole embarrassing thing with me and
36:15
the Gary Faynerchuk podcast. And I think, well,
36:17
you know, the podcast
36:20
came out and people listened
36:22
to it, and a bunch of people actually reached out
36:24
to tell me that they really liked
36:26
it. And I still think
36:28
I could have done a better job,
36:30
but, you know, Is this
36:32
a better problem than another
36:34
problem? The old problem, I guess, was
36:36
that I wasn't on Gary Vaynerchuk's podcast.
36:39
Now I have been and I reached some
36:42
people. And even though I didn't do it
36:44
perfectly, I guess that's a better
36:46
problem, isn't it? That is
36:48
how I'm going to try to look at things from now
36:50
on and maybe you want to
36:52
too. Counterfactual
36:54
thinking, terrifying is it can feel is also a good
36:56
problem to have because it
36:58
means we did something meaningful. It
37:00
means we had something on
37:02
the line It means we
37:04
tried hard and are committed to
37:06
trying again and maybe we'll
37:08
even learn something. Because as
37:10
the old poet said,
37:12
have podcasted and delivered a
37:14
mediocre performance
37:16
than to never have podcasted at all.
37:19
And that's our episode. Now,
37:22
here's a question you did not expect
37:24
or maybe you did, but that would be really
37:26
weird. Here's the question. do
37:28
humans and cockroaches have in
37:30
common when it comes to performing
37:32
tasks? This came up in
37:34
my research search for this episode, and I will tell you the answer in a
37:36
minute. But first, if you
37:38
are going through a big change
37:40
at work
37:42
or in your life right now, then you need a copy of
37:44
my new book. It is called Build
37:46
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37:50
It combines lessons from this podcast with lessons from the smartest
37:52
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37:54
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37:56
by step action plan for how you
37:58
can thrive in changing
37:59
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38:02
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so just go wherever you find any
38:08
of that or to jason pfeiffer
38:10
dot com slash book. And if
38:12
you want even more advice and encouragement
38:14
on how to adapt fast, then
38:16
sign up for my newsletter. Find it by
38:19
going to jason pfeiffer dot com slash newsletter. You can also get
38:21
in touch with me directly at my
38:23
website, jason pfeiffer dot com or follow
38:25
me on Twitter or
38:27
in Instagram, I am at haypfeiffer.
38:30
This episode was reported and
38:32
written by me, Jason Feiffer, Sound editing
38:34
by Alec Bayless, Our theme music is
38:36
my Casper baby pants. Learn more at
38:38
baby pants music dot com.
38:40
Thanks to Adam Sokulek for production
38:42
help. This show is supported in part
38:44
by the stand together trust. The stand together trust
38:46
believes that advances in technology have
38:48
transformed society for the better and is looking
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to support
38:52
scholars, policy experts, and other projects and creators
38:54
who focus on embracing innovation, creating
38:56
a society that fosters innovation and
38:59
encouraging people to engineer the next great idea. If
39:01
that's you, then get in touch with them.
39:04
Proposals for projects in law, economics,
39:06
history, political science and philosophy
39:08
are in courage. To learn
39:10
more about their partnership criteria,
39:12
visit stand together trust
39:14
dot org. Alright. Now,
39:16
as promised, let's talk about cockroaches.
39:19
As I spoke with John about counter factual thinking, we got
39:22
off on a tangent about
39:24
performance because as you heard earlier, we tend
39:26
to counter factualize things
39:28
where we feel like we're in control or have a routine. And
39:30
that led John to tell me a few
39:32
crazy things about what improves people's
39:34
performance in high
39:36
stress situations. including
39:38
if you have a well practiced
39:40
skill or behavior and you
39:42
have an audience, people tend to
39:44
to perform better. that's an old sort
39:46
of social facilitation theory. It was
39:49
even demonstrated with cockroaches that
39:52
that cockroaches ran faster mazes
39:55
to the food when they were being
39:58
watched. Why other
39:59
cockroaches in another container that that
40:02
they could get, you know, that they could
40:04
conceivably see So
40:05
the next time the pressure's on and people
40:07
are watching, just think to
40:10
yourself, I will do this
40:12
like a cockroach. so
40:14
inspirational. Hey, that's the end of
40:16
this episode. I hope I won't suffer any
40:19
counterfactual thinking after I publish
40:21
it, but there is only one way to find out,
40:23
so here it goes. Thanks for listening.
40:25
I'm Jason Pfeiffer, and let's keep
40:27
building for tomorrow.
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