How to Make Better Choices (with Barry Schwartz)

In this episode of "The Happiness Lab," Dr. Laurie Santos interviews psychologist Barry Schwartz about his new book, "Choose Wisely," which he co-authored with philosopher Richard Schuldenfrei. They discuss decision-making, contrasting the economic concept of maximizing utility with Schwartz's idea of "good enough." Schwartz shares his experience of feeling worse after finding the "best" jeans due to increased expectations and explains how the pressure to quantify and optimize decisions can be detrimental to well-being, using Robert McNamara's approach during the Vietnam War as an example. They explore the pitfalls of trying to measure happiness objectively, as Kahneman attempted, and advocate for a more reflective approach to decision-making that considers personal values and purpose, rather than relying solely on quantitative analysis. Schwartz also shares how he applied these principles to his decision to retire and move closer to his family, emphasizing the importance of accepting uncertainty and adapting to imperfect outcomes.