Two Minds: The Frame | Thinking, Fast and Slow (#9)

The same choice can produce opposite answers when the sentence changes.
Episode 9 of Two Minds follows framing: the Asian disease problem, survival versus mortality descriptions, organ donation opt-in and opt-out defaults, mental accounting, the sunk cost fallacy, regret, the disposition effect, Schelling's tax exemption paradox, preference reversals, brain evidence for frame obedience and frame resistance, and the broad-versus-narrow frame that turns a single risk into a portfolio.
This is a cinematic educational essay inspired by Thinking, Fast and Slow and the research tradition around Daniel Kahneman, Amos Tversky, Richard Thaler, Thomas Schelling, Sarah Lichtenstein, Paul Slovic, David Grether, Charles Plott, Eric Johnson, Daniel Goldstein, Terrance Odean, Paul Samuelson, and related judgment-and-decision-making research. It is not affiliated with the authors, publisher, or research institutions mentioned.
Chapters:
00:00 The disease frame
01:45 The hospital ledger
02:02 Italy won, France lost
02:58 The surgeon's two sentences
04:13 The checkbox that saves lives
05:17 The preference is created
06:54 Mental accounting
08:36 Fifty million already spent
09:58 Regret and the default
12:11 Selling winners
13:22 Schelling's paradox
14:51 Preference reversals
16:49 The brain inside the frame
18:18 Broad and narrow
20:23 Return to the disease
21:25 Return to the hospital
22:12 Next: when to trust your gut
Tags
Thinking Fast and Slow, Daniel Kahneman, Amos Tversky, framing effect, Asian disease problem, organ donation defaults, mental accounting, sunk cost fallacy, Schelling paradox, preference reversal, broad framing, narrow framing, behavioral economics, psychology documentary, decision making, cognitive bias, Two Minds

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