The Foolish Corner

When something you believe in doesn't go your way, the tendency is to ration the final answer in your favor ('oh, it didn't happen because of such and such', for example). So why do we do that? Author and MU professor emeritus, JOHN HOWE, takes us down the 'escalation of commitment' rabbit hole on today's show. March 9, 2023

Author and MU professor, JOHN HOWE, says one of the ways that people's views of inflation is distorted has to do with where they get their news. It's something called confirmation bias, and John says being aware that we all have one is the first step to maybe (hopefully!) finding a way to "counter-balance it". December 1, 2022

"If I were to say flip a coin, you could lose $100/you could win $100, most people won't take that because, perspectively, the pain of losing $100 is greater than the pleasure of gaining $100." -- 'The Foolish Corner' author (and soon-to-be retired MU professor) JOHN HOWE on what's known as 'loss aversion' August 4, 2022

Hubba, hubba, hubba, who do you trust? According to author and MU Trulaske College of Business professor, JOHN HOWE, it's not who you think- or who 'they' want you to think, and that's something called "authority bias." Also, Columbia's PedNet Coalition is now Local Motion. While the name has changed, the mission has not. Chief development officer ANNETTE TRIPLETT is here to encourage everyone to take part in next week's annual Bike, Walk & Wheel Week! (4:55) May 6, 2022

You've heard of 'herd mentality', but how about 'group think'? Author and Mizzou professor JOHN HOWE tells us why most of us find that it's easier to just go with the flow and avoid the role of devil's advocate when it comes to making a decision amongst a small group of people. February 17, 2022

Mizzou business professor and author, JOHN HOWE, takes on what he calls, "home bias investing." In short: putting all your eggs in one basket - the U.S. basket, not the U.S. and China basket, for example - isn't necessarily a smart move because it lacks diversification, which can actually hurt the return on your investment(s) in the long run. So why do people still do it? November 26, 2021

Today's show goes out to everyone who has - on more than one occasion - underestimated the time it takes to complete a project. It's something today's guest, JOHN HOWE, author of 'The Foolish Corner', calls a "planning fallacy." Why do we do this? Let's blame what's known as 'optimism bias'. September 15, 2021

Have you heard of the Rule of 72? JOHN HOWE, author and professor of finance at MU's Trulaske College of Business, tells us how this common formula is used to determine your future purchasing power. And the so-called "money illusion"? John says that's when you see your salary go up 3% but inflation goes up 5%. "You're actually worse off." July 1, 2021

'The Foolish Corner' author JOHN HOWE sums up 'hindsight bias' in these eight words: oh, I knew that was going to happen. Find out how your uncanny…

Author JOHN HOWE, "The Foolish Corner," says this about racial bias in the courtroom: "people come to the world with all kinds of biases of which they're…