The Lucky Loonie: With Guests Peter Jordan, Trent Evans & Don Moore

Published: Sept. 9, 2019, 7:05 a.m.

b'There\\u2019s something satisfying about the close door button in an elevator, especially when you\\u2019re in a rush. However, it turns out that most of those close door buttons aren\\u2019t actually connected to anything; they have no effect. So why are they there?\\n\\nIn this episode of Choiceology with Katy Milkman, we explore a quirk in the way people understand their ability to influence certain events.\\n\\nThe 2002 Winter Olympics in Salt Lake City were a watershed moment for the Canadian men\\u2019s and women\\u2019s hockey teams. The men\\u2019s team hadn\\u2019t won a gold medal in 50 years, and the women\\u2019s team had never won gold, coming up short in prior Olympic events. The Canadians were facing powerhouse American teams, so they needed every advantage they could get.\\n\\nEnter Trent Evans. He was part of the Olympic ice-making team, though his allegiance was with the Canadians. During the initial ice making process, he marked the center of the rink with a small artifact in hopes that it would bring good luck to the Canadian teams. That artifact came to be seen by many as a key ingredient to success in the gold medal games. \\n\\nBroadcaster Peter Jordan covered the games for the Canadian Broadcasting Corporation and recounts the subterfuge involved in hiding the good luck charm. Peter was the host of the CBC television series It\\u2019s A Living for seven years. \\n\\nGood luck charms and superstitious beliefs are common, but generally easy to disprove. Still, this tendency to overestimate one\\u2019s influence appears regularly, even among skeptics.\\n\\nAs an experiment, we had several volunteers roll a pair of dice in a simple board game scenario where they were aiming to roll a certain number to win the game. In almost every iteration of the experiment, our highly skeptical volunteers displayed this overestimation of influence.\\n\\nTo learn more about the reasons for this behavior, we invited Don Moore to talk about his research on the phenomenon. Don is the Lorraine Tyson Mitchell Chair in Leadership and Communication at UC Berkeley Haas. \\n\\nTo close the episode, Katy explores some of the contexts where this bias may impact important decisions in business and in life.'