Would You Let a Coin Toss Decide Your Future

      This blog post podcasts “Would You Let a Coin Toss Decide Your Future? A New Freakonomics Radio Podcast.” This podcast appeared on the Freakonomics Radio Podcast on January 31, 2013.

   A project called a Freakonimics experiment is an experiment by which flipping a coin will determine some important decisions about jobs and so on. By flipping a coin it will determine what you should be doing or not doing. Steve Levitt and Dubner talked about people who gave trouble making their own decisions and they don’t know where to turn to. They said that “the biggest fear that people have is regret.” People always make decisions but they are not sure if they made the right choice and this affects them. They said if anyone if faced with a decision where they are not sure what to do they should turn to FreakonimicsEcperiments.com with questions where a coin flip will help them decided what they should or shouldn’t do and help them solve their problems. They are stating that people who go to the website and make their decisions based on the site the experiment will help them get a peace of mind and they will be much happier.

   The experiment takes real life problems from people and collects data and starts to analyze it. Taking an experimental approach of economics and measure the decision are good or bad.  By doing this they will try to learn if there are greater systematic rules that can be taught to people about decision making and might have a different outlook and be happier by making some of the changes.

 

  I don’t think this is a good way to solve your problems or helping you decide what to you should do in life. People should make their own decisions and choices not everyone is perfect, but we all learn from our mistakes. If someone take a mistake they learn from it and try not to repeat it, but by flipping a coin they may do the wrong thing multiple times and start to relay on the web site to make their decisions. I think everyone is their own person and if they need help with anything they should turn to friends or family or an experiment. I personally wouldn’t try it just because I think it’s my responsibility to make my own decisions in life not an experiment.