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18 results for “behavioral economics”
...called behavioral economics, which actually sought to do something absolutely outrageous for economists, which was to actually observe what happened in the real world rather than formulating
2:14 / 3:17
from transcript2:14 – 3:17
...of behavioral economics. It's a field that focuses on the ways in which people make mistakes even when they're trying to be perfectly rational. And specifically, it focuses on the systematic and predictable mistakes that we make with our decisions. T
5:21 / 6:30
from transcript5:21 – 6:30
...at Harvard doing behavioral economics, but that wasn't really a thing. The canon was that everybody was rational, everybody was greedy, everybody was maximization oriented, nobody was irrational and had psychological behaviors that didn't fit into th
5:50 / 7:05
from transcript5:50 – 7:05
...discipline called behavioral economics, which actually sought to do something absolutely outrageous for economists, which was to actually observe what happened in the real world rather than formulating theories based on outlandish assumptions or conv
2:53 / 4:03
from transcript2:53 – 4:03
...behavioral economics, but that wasn't really a thing. The canon was that everybody was rational, everybody was greedy, everybody was maximization
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from transcript5:08 – 6:19
that you could turn that on its head and say, okay. Understanding how we behave, and we're not gonna be fully rational, how can we use the way we behave to be better longer term investors? I make this argument in the book that people should not aim t
45:06 / 46:06
from transcript45:06 – 46:06
...of behavioral change, whether it's for a company or individual. Behavior is the outcome. But if you wanna go deeper, behavior is driven by something. And so very often, we observe behavior in the business world, and we attribute it to various factors
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from transcript16:29 – 17:32
...along with behavioral economics, really became a primary focus of mine in college. And I loved understanding really the way people responded to incentives and then the cognitive biases that impacted them.
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from transcript4:27 – 5:33
...insight from behavioral economics. They used the power of the default option. So they changed the school lunch program from an opt in program to an opt out program. And parents only have to take an affirmative step if they want to actively unenroll t
11:06 / 12:16
from transcript11:06 – 12:16
...topic of behavioral science, I think, has a lot more applicability than people give credit for, right? You know, you and I have talked about the fact that it has applicability to founders, even, let's say, in a B2B fintech start up, for example. Why
15:44 / 16:48
from transcript15:44 – 16:48
...from behavioral economics. They used the power of the default option. So they changed the school lunch program from an opt in program to an opt out program. And parents only have to take an affirmative step if they want to actively unenroll their kid
10:23 / 11:30
from transcript10:23 – 11:30
...to generate the behavioral change you wanna make in your life? I love that you brought up Cass. He's one of my favorite people and my favorite coauthors of mine. Cas is amazing. So nudges are tools that motivate behavior change without changing your
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from transcript17:55 – 19:03
...other behavioral biases. And so one of the more recent trends in you'd say the allocated community is true of managers too is understanding when you're in a group of people, what's the best way to make a decision? How do you get all the information a
34:27 / 35:45
from transcript34:27 – 35:45
...behavioral finance. I've always viewed it more along the lines of the intersection of psychology and history. So what is the history of how people have behaved around greed and fear and risk, and what can we learn from that history that helps us make
12:05 / 13:14
from transcript12:05 – 13:14
...why. What what behavioral bias? Notice the you could sum up the two reasons I gave you for momentum as underreaction and overreaction. Overreaction is chasing. Right? Underreaction is the information came out, didn't move far enough, and I hopped on
53:11 / 54:24
from transcript53:11 – 54:24
Very first chapter of the book is this great line I love. All behavior makes sense with enough information. So much of what I see in the investment world, people trying to tease out why people do what they do. Would love you to dive into that thought
8:58 / 10:19
from transcript8:58 – 10:19
...it's behavioral finance. So if a cheap stock beats an expensive stock because it's inherently adding some risk that you can't diversify away, that's a gene farmer explanation. If it beats an expensive stock because people went too far, they went past
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from transcript52:26 – 53:34
...economics. So we could start with classical economics. Classical economics, we could think of Adam Smith as kind of your classic classical economist, the founder of the discipline. Classical economics does not really use math, is very close to politi
38:51 / 40:04
from transcript38:51 – 40:04
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