Episode 107

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Published on:

1st Nov 2023

Psychology of Refusal to Evolve with Bryan Pollock [E107]

"We're going to talk about loss aversion, which risk aversion is essentially you don't want to risk anything, right? You don't like uncertainty, and you're willing to lose out big due to uncertainty and miscalculation. Loss aversion is when human beings really are essentially wired to dislike the loss of anything more than they like the gain of anything. It's more painful to lose something than gain it in the first place."

"The tech's been working there for like a decade, so they have ten years invested. And their sunk cost fallacy is I have all this time invested here; I can't leave."

Matt Fanslow and Bryan Pollock discuss the increasing role of technology in auto repair, the importance of following manufacturer guidelines, the need for a dedicated technology specialist, and the psychological aspects of decision-making in the industry, touching on loss aversion and the sunk cost fallacy.

Thanks to our Partner, NAPA Autotech napaautotech.com

Email Matt: mattfanslowpodcast@gmail.com

Diagnosing the Aftermarket A - Z YouTube Channel HERE

Aftermarket Radio Network: https://aftermarketradionetwork.com/


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About the Podcast

Automotive Field Theory
From Automotive Diagnostics to Metallica and Mental Health
Automotive Field Theory explores the forces that shape automotive repair, including the ones measured with a meter or oscilloscope and the ones that cannot be found on a wiring diagram.

Hosted by automotive diagnostic specialist, shop manager, and instructor Matt Fanslow, the podcast begins in the automotive aftermarket but rarely stays inside its traditional boundaries. Diagnostics, electricity, technology, leadership, psychology, economics, game theory, history, music, movies, family, and human behavior may appear unrelated. Look closely enough, however, and connections begin to emerge.

A vehicle may arrive with a technical fault, but the work surrounding it is rarely technical alone.

Information is incomplete.

People make decisions under pressure and uncertainty. Incentives shape behavior. Standards gradually drift. Good intentions produce unexpected results. The official process may say one thing while the system quietly rewards another.

Automotive Field Theory is an attempt to understand those interactions.

Drawing from real diagnostic work, shop management, industry conversations, personal experience, and an occasionally inconvenient level of curiosity, Matt examines not only how things work, but why they work that way, how they became what they are, and what apparently unrelated subjects might teach us about repairing vehicles, leading people, running businesses, and improving the automotive industry.

Some episodes begin with a failed component. Others begin with Metallica, quantum physics, professional wrestling, a historical disaster, a round of golf, or a question that refuses to leave Matt alone.

Eventually, they all enter the same field.