Episode Transcript
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Speaker 1 (00:01):
Welcome to Murphy Salmon Chonti after the Show podcast, which
today is about how to get past and over a
decision regret. Sometimes it's a purchase decision, sometimes it's a
selling decision. Sometimes it's I don't know, just decisions you
make in your life vision, especially when the outcome is
not what you expected, you know, and then then you
wind up there just agonizing over everything after the fact.
Speaker 2 (00:23):
I want specifics of why we're doing this though, please deeps.
Speaker 1 (00:27):
Please, Well, so the deeds actually where this all came from.
Are the questions that I've been receiving in recent weeks
about why we sold our dad's corvette. Oh my gosh,
So you know my dad to recap for anybody that hasn't,
and if you have, I'll make this quick so that
you're not glossing over. But my dad passed away in
(00:47):
twenty twenty. When we were kids, there was a nineteen
sixty six Corvette that sat in our car port, didn't
run for forty years. I wrote in it when I
was a kid, you know, in kindergarten, and then another
cup of times and that was it. It was a
very sentimental piece for all of us because it was
my dad's car, and so when he passed, we held
(01:09):
on to it for three years, but stayed in my
carport where it didn't run for three years. And and
you know, the three of us decided to sell it.
Speaker 3 (01:17):
And it was the way of you, meaning you and
your siblings, not Murphy Sama, Joe.
Speaker 4 (01:20):
Oh yeah, I was totally against selling it.
Speaker 1 (01:24):
But Sam's recommendation, Yeah, no is that in our car port?
Speaker 3 (01:27):
You're married.
Speaker 1 (01:28):
Yeah, And and so we you know, we made the
decision to sell it. And what was super cool a
couple of weeks ago, and I think this is why
it's brought the questions back up. Is the current owner
of the vehicle, you know who is who was one
of the people who fixed it up. There was there's
there have been two buyers since we sold it. But
this guy, you know, lives right down the street, super
(01:49):
nice guy came to share it. Our friend Steve, you know,
chapis surprised this and coordinated this whole thing. So I
got to see the car and ride in it.
Speaker 2 (02:00):
Man, I had to keep that on the low too.
It's like, just please leave your Saturday open, Murphy.
Speaker 1 (02:04):
So Jody's posted, you know, videos of it on our socials.
And the questions came back. You're like, wow, that's beautiful.
Why did you keep it? Or people that think it's
a you know, it's a it's a travesty that we
sold it.
Speaker 3 (02:15):
Yeah, a lot of kind of judgment.
Speaker 1 (02:17):
So when you have that many people start to ask
you that. Even you start to wonder, oh, okay, well
did you know did we make the right decision? Now,
I will say before I get into something that I
discovered that blows my mind.
Speaker 3 (02:30):
Here a pain point because I was curious, but no, and.
Speaker 1 (02:36):
It blows my mind actually in a positive way. But
you know, the car is not my dad, as we've
talked about, and and yes, it would have been awesome,
but there are some you know, they're practical things. It's
a it wasn't running. We didn't know how much it
was actually going to cost to restore it. And when
you do, are you going to drive a car like
that and you know everyday traffic because it's fiberglass, Yeah,
(02:59):
it's an original condition. Now then what and there's three
of us? And how do you swap that? How do
you ensure how do you do all that? You know,
if one wants to keep it, how do you buy
the others out. There's a lot of rational thought once
you get past the you know, right and so and
and and so. Yes, it was tough to see it go,
but I think we were all and still are comfortable
with that. Well. I just decided out of sheer curiosity
(03:24):
to submit this to Claude the AI. I wanted to
see just again. This was a test because you know,
a I can can be you know, flawed sometimes just
not you know, straight.
Speaker 3 (03:38):
Up on OK.
Speaker 1 (03:39):
It is many times, you.
Speaker 2 (03:40):
Know, that's it's funny about the difference between you and me.
That's the last place I would care to go for
something like this.
Speaker 1 (03:48):
Well, it was it was a curiosity thing.
Speaker 3 (03:50):
Yeah, and so in this world.
Speaker 4 (03:52):
So you asked Claude a question about Yeah, what was
the question?
Speaker 1 (03:56):
So the question was My brother and sisters sold our
dad's nineteen three years ago after he passed. It wasn't running.
Weren't sure how much it would cost to get it running.
The person who bought it invested some money was running again.
The actual task were much smaller than my brother and
sister thought it would be. After setting for forty years,
(04:18):
we recently got to see it running and it was
awesome to see. But it's also easy to see. It's
easy to have a flash thought and wonder did we
make the right choice, But we absolutely know that we did.
And this is what the AI came.
Speaker 3 (04:31):
Oh you fed it. We know we did, so you
fed it something affirmative about it.
Speaker 1 (04:35):
I wanted to give it as much. Yeah, because I
wasn't looking for reassurances and I didn't want it to
be the only the one side. I wanted it to
seek our mindset and see what it said and said
so it Sys Murphy. What you're describing has a name.
This is the part that's fascinating because it'd never heard
of this before. What you're describing has a name and
decision science. It's called resulting, judging the quality of a
(04:57):
decision by its outcome instead of judging it by what
you knew at the time when you made the decision.
Poker players are the one that coined this phrase because
it ruins players they fold correctly and then the river card,
which is a Texas Oldham poker thing. I don't play
Texas on them. Yeah, you know, it would have made
(05:18):
their hand and they conclude that they played wrong, but
they didn't. And I'll explain why that works I just
for me, I geek out and stuff like this, So
it was fascinated. So it says, look at what you
actually knew about the vet. It was a car that
sat for forty years. That's a genuine gamble. Fuel system, breaks, seats,
wiring frame rot all in the sixty six or unknowns
(05:38):
until someone opens it up. The realistic range in that
project could have been anywhere from three to thirty thousand dollars,
and nobody, including the guy who bought it, knew where
that would land. He rolled the dice and hit the
good end of the range. And if it needed a
frame off restoration, you would have never heard about it.
You know. In fact, if you knew that, you'd be
telling yourself today what a smart sale it was, because
(05:59):
it would have cost a fortune.
Speaker 3 (06:01):
Man, this is a gambling okay.
Speaker 1 (06:04):
This doesn't sound like a great mechanical Costs was never
more than the whole decision anyway. It was three grieving
siblings sharing one asset. So who fronts the repair money,
whose garage does it stay in, who drives it, who
ensures it? What happens when one of you needs to
get you your share out of it? Selling was arguably
the decision that protected your relationship with your brother and sister,
(06:26):
which three years after losing your dad might have been
the thing most worth protecting. The value doesn't show up
when you see the car to stop light, but that's
the real value. My goodness, is that crazy?
Speaker 2 (06:37):
Or was.
Speaker 3 (06:39):
Say that? But that's a very good answer.
Speaker 1 (06:41):
It's an interesting answer here. So it says the regret
file only stores the winners you missed, never the losers
that you dodge. And it's not evidence that your judgment
is bad. It's just evidence that your memory is selective,
and that's the way everybody's memory works. Here's the part
that matters going forward when you say you do your
homework and it shows you assessed a forty year dormant
(07:01):
car as a high risk, which it was. The fix
for the feeling isn't better than the I'm getting lost
in this party here, This part is not as exciting.
Speaker 3 (07:11):
Tell me about it.
Speaker 1 (07:13):
Let me get let me jump to the last line here.
One last thing about the vet, specifically, the measure of
honoring your dad was never keeping the car. Someone who
wanted it got it running. It's on the road being
exactly what it is built to be, instead of sitting
under a tarp as a source of sibling questions. Intention
there are worse endings for a sixty six Corvette and
(07:33):
for your family, crazy and so, but I want to
know about the Texas Holdham thing. And so the resulting
trap basically is about it talks about, you know, you
face a big bet. Mathematically you make the correct play,
so you only can make a decision with what you've
got in the moment, what you say, you can't control
the outcome and if you get you know, hung up
(07:54):
on that. And I remember my grandmother, you know, would
say very similar things like that, honey, you made the
best choice you could so and she was, you know,
she was right. But it's human nature to want to
control the outcome. But I thought that was insane that
it was, as you know, it.
Speaker 3 (08:11):
Was a pretty yeah, uh, thoughtful answer for the Just.
Speaker 4 (08:17):
To give you a whole little insight on the poker thing,
I've watched a couple of poker things online, okay, I
mean streaming. You know, when they have some of these
big poker turns, and usually what they do is when
they get down to the last few people, they put
percentages up after the first two or three cards go over,
what's this guy's percentage, what's this guy's percentage? Was this
(08:37):
guy's percentage of winning? And so and again that's what
you're looking at right now. And then when they flip
the first card, those percentages change because well, he's just
improved because one face card came up. Okay, we know
what he has. This guy's percent chance goes down.
Speaker 3 (08:53):
So it's always changing.
Speaker 4 (08:54):
It's like what you're saying, at some point before that
next card is flipped, this is my percent I know
my percentage. It's not good, so I'm out and.
Speaker 3 (09:03):
It's still a gamble to go out or to keep going.
Speaker 4 (09:07):
Yeah, I mean you can say, I know my chances
aren't good, but you know what, I'm going to stick
it out anyway and see what happens. Not the smart
choice usually, right.
Speaker 1 (09:15):
Yeah, that's interesting, and I had never it's cool that
you've actually, you know, watched and read up on that matter.
Speaker 5 (09:21):
I don't know anything about poker either, so I don't
understand that, but it is about That's an interesting analogy
because it's about odds and this is really not as
much about AI to me as just the concept behind it.
Speaker 1 (09:32):
And then again, decision making is like we said at
the beginning of the podcast, it's just tough because emotionally,
when you're attached to something, there it is again Jody right,
the facts, not feelings. When you're emotionally attached to something,
it's always going to skew you. You know, fear is
going to be the motivator, excitement and overconfidence can be
in a motivator, all of those things, and it's difficult
(09:54):
to put them, you know, back into context after you know,
the result of the decision is made. You know, for me,
you really can't have one without the other because if
you make a mistake or something is not within your
threshold or beyond your threshold, well you just don't do
that again the next time, or you alter your your
risk tolerance or your choice or whatever. But so it
(10:17):
all winds up being it doesn't look like I'm making
sense to you, Joe.
Speaker 3 (10:20):
Risk tolerance.
Speaker 1 (10:21):
Yeah, In other words, I mean, how you know if
you let's when you're emotionally and you're all positive, and
I'm sure that there is a lot of That's that's
why casinos also and this is not just about a
gambling thing. They it's an upbeing environment. They want you inspired,
They want the hope because all of that kind of
stuff keeps you feeding the machine. So that's what I
mean by risk tolerance. When you've got a confidence that's
(10:43):
elevated by a bunch of emotion, you're probably not scrutinizing
the way you would, Whereas if fear becomes the emotional motivator,
you go to the opposite extreme. And really the answer
is about being The answer is about being in the
middle and just trying to make the best decisions you
can in that moment, hoping that you've weighed all the
options and then be comfortable with that. It's more important
(11:05):
that you actually put thought into what you were doing
versus being motivated by fear or motivated by the excitement.
That makes sense. Yeah, And so I just was I
just thought that was kind of fascinating.
Speaker 3 (11:17):
It is.
Speaker 2 (11:17):
It's fascinating to watch you ask Ai a question and
read the answers, because to me, it's so funny.
Speaker 3 (11:25):
I know the way your brain works.
Speaker 2 (11:27):
Murphy, that that lights you up that we are living
in that kind of world, And it is, I guess,
miraculous that we're living in that kind of world. You know,
from a kid who grew up in the eighties watching
movies that they created a woman weird science or whatever,
and now look where we are.
Speaker 3 (11:45):
It's like crazy.
Speaker 2 (11:46):
But to me, while you were reading that, and I
knew that it was an AI generated answer, I felt
icky inside.
Speaker 3 (11:53):
That's what it makes me feel like.
Speaker 2 (11:54):
I'm like, it's interesting, but that's not you know, how
I want my decision making to be.
Speaker 1 (12:02):
Yeah, it's just so.
Speaker 2 (12:04):
It's just a eye opening experience of how differently we
think and feel about the world.
Speaker 1 (12:10):
Yeah.
Speaker 2 (12:11):
I know that that's there and it's available, but I
want to rely on my brain, my soul, my heart,
my intuition, all those things.
Speaker 1 (12:20):
Yeah. I think it's weird. Yeah, I think it's And
how I use it. We'll notice I didn't use it
to help me make that decision. Yeah, I was just
curious about after the fact.
Speaker 4 (12:28):
That being the case, How do you feel after you
read its answer? You feel good about.
Speaker 1 (12:32):
Well, I feel like I learned something. I mean, I
still felt the same. It didn't change my feelings on anything.
It just was an interesting perspective on that because I
think that I know the realities of it. It's true.
My sister actually was the one that said, you know,
it's been sitting in your car poard for three years.
It's said that we call our dad Dane. That was
(12:52):
his name at Dane's house for forty years before that.
So the past pretty well predicts what the future is here.
And if three of us aren't going to make a
decision on it, it doesn't do it any good to
sit And I agree with that.
Speaker 2 (13:03):
And I'm so glad she said that and said instead
of me, because I did not want to weigh in
on it. I didn't want to be the wife who
made you get rid of the corvette.
Speaker 1 (13:11):
Yeah, but I.
Speaker 2 (13:12):
Was thinking it's sitting here, yeah, right next to my car.
It But I remember, remember that I said, it's not
anytime you would ask me about it, it's not my
decision because I so didn't want to live with that.
Think about if I had put my two cents in
and said that to you, and then you ever let
(13:32):
that help you make a decision, then regret. I would
have felt horrible. Yeah, I'm so glad Jackie did that,
said that came to that conclusion herself.
Speaker 1 (13:42):
Yeah. You know the other thing, it threw out this
line about when you know people's judgments and questions and
so forth, that if you you know, I thought this
was really funny, is that people's takes on things like, yeah, man,
it was in the family for forty years and all
they to do is fix it back up? What did
they make a mistake? And the AI phrased that it
(14:04):
makes a great campfire story isn't a you know, but
it's not realistic. And so people's versions who aren't experiencing
things and their takes on things, you know, it make
for an interesting spin and story on things when the
truth again is you've got to be at the heart
of the of the decision and understand how you arrived
at it in the first place. And so, you know, again,
(14:28):
I brought up just because I thought it was really
cool that AI was able to you know, interpret that.
But to me, this is about, you know, again, underscoring
the fact that a decision in and of itself, the
emotion meaning our grieving part, our attachment, our emotional attachment,
had to get far enough behind us to make what
we believe was the right decision. And then when people
(14:49):
ask those a question that those questions about did you
make the right choice? If it's the emotional component that's
that's creeping back up on you again, well, of course
you're gonna you know what I'm saying, And I just
and to me, that's fascinating. And I really was interested
in the the analogy that it came up with about
poker players. And I've never heard of the you know,
I've never heard it called resulting. That's basically it's because
(15:12):
it's a it's a mental fallacy. You're it's like you
didn't know what the outcome was going to be because
nobody knows what the outcome of.
Speaker 3 (15:20):
Some of these decisions you make.
Speaker 2 (15:21):
It's like a wish with facts and you throw it
out into the world. You hope it goes as well,
here are your facts. This is what I'm going to
roll the dice on.
Speaker 1 (15:29):
So for I mean, for that reason, I don't judge
anybody that asked the question either. I get why somebody
would ask that question, sir. I mean, I really I
don't have any issues with, you know, with it at all.
And I think that our friend Steve had asked us
that it's like, now you know, now that you've heard
some of these stories, does it change it for you?
Which he's we love Steve. I mean, you know we've
talked about he's an author. He's he's actually an E. M. T.
(15:50):
And and has listened to us in Tulisbury, Maryland for
many years now, and he was the one that asked
that question. As a true author storyteller, would wanting to know,
you know, if that, if that changed that And the
answer is not not really. I mean, and if it did,
would it really matter anyway? But but but it doesn't.
(16:10):
You know, I think I agree with it that my
dad would be happier knowing that it's being put to
good use. I really do think that's the case. And yes,
people collect them, but it's a car. And even Kevin,
the new owner, will tell you that it's a car.
That's why he didn't want to change it up much
and it's meant to be driven and you know what
he's doing with it's exactly so absolutely we're you know,
(16:34):
we're at peace with the decision.
Speaker 3 (16:36):
Thanks. Claude missed any part of the show. Get it
All on the Murphy Salmon Jody podcast.