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Dr. Michael Platt

02/17/25

@ Andrew Huberman

The marginal value theorem suggests that we abandon a resource when its yield falls below the average for the environment, which applies to social interactions and decision-making.

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How to Make Better Decisions | Dr. Michael Platt

@ Andrew Huberman

How to Make Better Decisions | Dr. Michael Platt

02/17/25

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Dr. Michael Platt

02/17/25

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In a poor environment, we stick with a resource until it's depleted, while in a rich environment, we quickly move on to the easiest options available.

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When making choices, people often pay more attention to potential losses than to potential gains, which can lead to loss aversion and impact their decision-making.

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Humans and monkeys both exhibit value-based decision-making, where the brain tracks social interactions and the perceived value of relationships, similar to economic decision-making.

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In a world of abundance, we must ask ourselves when is enough enough, especially as the cost of creating has dropped to nearly zero.

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When foraging for information online, people tend to leave a website when their information intake rate falls below the average for their recent experiences.

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Decision-making can be influenced by whether one is in a favorable or unfavorable environment; those with resources can invest in long-term health, while others focus on immediate survival.

Dr. Michael Platt

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The way we make decisions is influenced by our social context, including the presence of others and their behaviors, which can lead to herd mentality and poor choices in situations like stock markets.

Dr. Michael Platt

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The brain's valuation system is influenced by social information, such as the status and attractiveness of individuals, which can affect our decision-making processes.