MMRadio_Andrew Mathews_2 - The Monday Morning Memo

One of 2024’s most popular episodes of Monday Morning Radio featured Australian author Andrew Matthews who, along with his wife, Julie, built a publishing empire that has sold more than 8 million copies of their inspirational books about happiness and resilience. In this, his second appearance, Andrew talks about the persistence, relationship-building and adaptability that are required to achieve global business success. It’s as easy as 1, 2, 3. Persistence, relationship-building, and adaptability.

“Ask people what they think is the ratio of gun homicides to gun suicides in the United States. Most of them will guess that gun homicides are much more common, but the truth is that gun suicides happen about twice as often. The explanation that Kahneman and Tversky offered for this type of judgment error is based on the concept of ‘availability.’ That is, the easier it is for us to recall instances in which something has happened, the more likely we will assume it is. This rule of thumb works pretty well most of the time, but it can lead to big mistakes when frequency and ease of recall diverge. Since gun homicides get more media coverage than gun suicides, people wrongly think they are more likely.”

- Cass R. Sunstein and Richard Thaler in The New Yorker, Dec 7, 2016. Daniel Kahneman was awarded the Nobel Prize in 2002

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