This episode explores the concept of locus of control and its impact on individual success and well-being. Against the backdrop of Maria Konnikova's book, "The Biggest Bluff," the discussion delves into the psychological idea of internal versus external locus of control, examining whether an internal locus—believing one's actions directly influence outcomes—is universally beneficial. More significantly, the conversation challenges the simplistic view that an internal locus is always superior, acknowledging potential downsides like arrogance and the importance of recognizing external factors beyond individual control. For instance, the hosts discuss how a teenager's poor grade could be attributed to either personal shortcomings or external factors like an unfair teacher, highlighting the need for a balanced perspective. The discussion then pivots to practical strategies for shifting towards a more internal locus, emphasizing the importance of focusing on controllable aspects and breaking down large tasks into smaller, manageable steps. Finally, the episode touches upon the Zagarnik effect, suggesting that the appeal of unfinished tasks can be a creative tool, but cautioning against procrastination's negative consequences. This nuanced perspective on locus of control offers valuable insights for personal development and policymaking, emphasizing the need to understand cause and effect in all its complexity.