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Exploring the future of Behavioral Economics, we talked to three young researchers who are pushing the field further. A new generation of researchers is striving to understand decision-making in the developing world, how brains process economic decisions, and how bigger, more transparent scientific methods can shed light on basic principles of choice.   However, the journey toward new discoveries is not without its challenges. Behavioral Economics faces an identity crisis amid shifting perspectives, prompting a reevaluation of its approaches. Discover how this introspection may catalyze a more pragmatic ethos within the field, prioritizing real-world impact over theoretical abstraction. Join us as we navigate this nuanced landscape, engaging with the innovative minds shaping the future of behavioral economics with a blend of boldness, innovation, and pragmatism. Discover How behavioral economics is revolutionizing farming in developing nations Discover groundbreaking revelations about the decision-making process Why there needs to be shift towards transparency in scientific practices to ensure a brighter future The new collaboration between Behavioral Economists and tech innovators and what it means for the future  

Eventually, Behavioral Economics emerged as an influential perspective. It’s become mainstream in Economics, and it’s helped inform programs and policies that affect real people every day. But where do we see this impact? Explore the pervasive influence of Behavioral Economics in our everyday lives and beyond, from shaping individual decision-making to informing government policy design. Witness the ongoing evolution of this once radical field as it continues to inspire innovation and shape policies for better societal outcomes.  Discover Explore how behavioral economics conquered economics’ stronghold Discover how psychology integration sparks innovative retirement savings solutions Uncover the UK and US government’s bold ventures into science-driven policy making Witness the global expanison of behvioral insights teams and their impact on addressing complex societal challenges

 Behavioral Economics was using psychology to understand economics, but what did economists and psychologists think about their unexpected marriage? Slowly, this fledgling field weathered a flurry of criticism from both sides as it doggedly held onto data-driven ideas about economic decision-making. This tension epitomized a broader struggle within Behavioral Economics, which aimed to harmonize insights from both disciplines while challenging traditional economic paradigms.   Embark on a journey that wasn't always smooth sailing. Unearth the fundamental clash between economists and psychologists, revealing their contrasting views on empirical evidence and theory. From contentious debates over ownership to deliberations on what to name it, the path to integrating these fields was filled with unforeseen twists, turns, and triumphs.  Discover Economists push back to new behavioral approaches How psychologists fought for a seat at the table Where did the name “behavioral economics” come from? The benefits we gain from integrating disciplines and perspectives

The notion of merging psychology with economics initially faced staunch skepticism, with errors perceived as random rather than systematic. However, everything changed when psychologists Daniel Kahneman and Amos Tversky joined forces, armed with groundbreaking ideas about human decision-making. Their meticulous research not only introduced a fresh perspective on understanding people’s choices but also ignited the flames of Behavioral Economics. Through collaboration with other influential figures in the field, including Richard Thaler, their work spearheaded a transformative movement that challenged conventional economic assumptions, propelled novel ideas forward, and seamlessly integrated psychological theories into economic theory and practice. Discover Are errors random or systematic? The challenges of merging psychology with economics Why we rely on quick mental shortcuts in decision-making How a single question can short-circuit the rational mind The importance of marrying psychology and economics for understanding our behaviors

For decades, neoclassical economists clung to the belief that humans are rational decision-makers, but a daring group of social scientists dared to question this notion. Join us as we explore their pioneering work, from the revolutionary concept of bounded rationality to the eye-opening Cab Driver Study. Through meticulous observations and rigorous analysis, these trailblazers shattered the status quo, ushering in a new era of economic thought. Discover how real-world scenarios defied the rationality assumption, from the baffling fluctuations in stock market behavior to the surprising insights gleaned from everyday decision-making. As we unravel the complexities of economic behavior, we invite you to join us on a radical journey of discovery and transformation. Together, let's challenge traditional notions, advocate for a more nuanced understanding of human behavior, and pave the way for a brighter future in economics and beyond. This is more than just a podcast—it's a revolution. Discover Are humans really rational decision makers? The radical concept of bounded rationality The surprising ways in which workers don’t optimize their earnings How the stock market defies pure rationality

Feeling indecisive? Ever wondered what it takes to master the art of decision-making? Join us on a thrilling journey with Elspeth Kirkman, author of ’Decision Scape: The Art of Getting Perspective.’ In this episode, Kirkman takes us through the four pillars of perspective – distance, viewpoint, composition, and frame – uncovering their essential role in navigating life’s choices. Buckle up as we explore the profound influence of language, culture, and the power of voice in shaping our decisions. Kirkman’s insights offer a fresh approach to decision-making, empowering listeners to navigate life’s complexities with newfound clarity. Don’t wait, tune in now!

Anticipation mounts as the countdown begins! Prepare to immerse yourself in the riveting saga of They Thought We Were Ridiculous, set to premiere and stream on your Behavioral Grooves feed come February 26th! Two great podcasts. Three years of recording and research. Interviews with the Nobel Laureates, esteemed professors, and policymakers at the heart of a movement. It all combines to tell the unlikely story of how a group of tenacious thinkers pushed back against tradition and built ideas with impact. Across this five-part series, we highlight the remarkable evolution of behavioral economics. From a group of rogue psychologists and economists who were openly ridiculed at conferences to a vital voice in government policy and corporate governance. Behavioral economists shape the way decisions are made. After they entered the fray, economic theory would never be the same. Join Kurt, Tim, and Andy as we celebrate the culmination of three years of relentless dedication, unveiling a meticulously crafted five-part series that promises to captivate and inspire. Mark your calendars for February 26th, when this transformative saga will unfold in its entirety. Don't forget to subscribe, tune in, and engage with us as we delve into the riveting world of behavioral economics. Together, let's embark on this extraordinary journey! Links They Thought We Were Ridiculous Website LinkedIn: Behavioral Grooves Instagram: @behavioralgrooves Facebook: Behavioral Grooves Twitter: @behavioralgroov  

Could a simple question be the key to unlocking deeper, more meaningful relationships? Join Kurt and Tim on a special Valentine’s Day episode of their podcast as they explore the transformative potential of simple questions in relationships with Topaz Adizes. Author of ”12 Questions for Love” and founder of the innovative project {THE AND}, Topaz shares insights into creating intimate spaces for conversations and mastering non-judgmental listening. Together, they delve into the profound impact of well-constructed questions, emphasizing their role in promoting personal growth and deeper connections. Drawing from rich experiences observing human behavior, Topaz offers invaluable advice on deep listening and reframing questions for meaningful dialogue. Whether you’re coupled up or flying solo, tune in to discover practical strategies for fostering more fulfilling relationships and cultivating genuine connections in every aspect of life. © 2024 Behavioral Grooves

Ever wonder how to boost your retirement savings? Could the subtle art of behavioral economics hold the answer? Join Tim in this solo-sode as he explores this with guest John Beshears. Uncover the impact of automatic enrollment on participation rates and the potential downside of increased debt. Beshears' research reveals unique strategies, like framing savings as "fresh starts." Maximize your savings and delve into the evolution of behavioral economics with Tim and John in this weeks captivating episode.  © 2024 Behavioral Grooves Topics (7:43) Introduction and Speed Round (12:23) The Impact of Auto-Enrollment on Retirement Savings (16:41) The Psychology Behind Financial Decision Making (22:31) Automatic Enrollment, Savings, and Employee Debt (33:48) Long Term Effects (37:37) Reframing Savings and “Fresh Starts” (46:04) Jazz Music and Productivity (52:35) Grooving Session: Behavioral Science and Retirement Savings © 2024 Behavioral Grooves Links Automatic Enrollment and Financial Stress Fresh Start Approach to Savings Behavioral Economics in Action Conference Seaweed Farmers and Pod Sizes Behavioral Grooves Patreon Musical Links Charlie Parker at Massey Hall Mose Allison "Everybody Cryin' Mercy" Lightnin' Hopkins "What Kind of Woman is This?" Phillip Glass "Opening"

Explore the realm of behavioral sciences with Bri Williams, a trailblazer turning theories into tools for business leaders. Discover her unique model addressing barriers to behavior change—apathy, paralysis, and anxiety. Uncover insights from her book, ”Behavioural Economics for Business,” and join us on a throwback journey through intriguing topics, including origami and nudges in the world. Share this immersive conversation, and let’s expand the community of behavioral science enthusiasts together!

Set sail into the uncharted waters of behavioral science with Kurt and Tim on a captivating journey led by PhD candidate Linnea Gandhi. Together, they explore the revolutionary concept of Nudge Cartography, a groundbreaking initiative that seeks to map the intricate landscape of behavioral nudges – those subtle interventions designed to shape human behavior. If you're scratching your head wondering, "Nudge Cartography? What's that?" fear not! Kurt and Tim are your fearless guides, ready to unravel the mysteries and implications of this fascinating exploration. Nudge Cartography challenges the traditional view of academic research in behavioral science, urging practitioners to see research papers not merely as products but as essential marketing tools. Linnea Gandhi, in her insightful observations, emphasizes the transformative power of understanding the world through research and the need to use that understanding for positive change. Kurt and Tim navigate through the implications of this perspective, discussing the critical role of replication in research and the broader mission of comprehending the world to drive meaningful improvements. Curious about the specifics of Nudge Cartography? Tune in to this episode as Kurt and Tim decode the project's significance, shedding light on regional variations in responses to behavioral interventions. Join the conversation and embark on a thought-provoking expedition that challenges the norms of behavioral science while providing valuable insights for researchers, practitioners, and curious minds alike. © 2024 Behavioral Grooves Topics (0:07) What is Nudge Cartography? (3:55) Computational social science and mapmaking (8:21) Mapping behavioral science with experiments (15:33) The importance of generalizable knowledge in science (21:29) Developing a nudge experiment database (28:17) Using data to understand human behavior (36:25) Closing thoughts, work processes, and musical preferences (38:23) Grooving on Nudge Cartography © 2024 Behavioral Grooves Links Behavioral Grooves Patreon Beyond Playing 20 Questions Computational Social Science Lab at UPenn Musical Links Charlie Puth "Lipstick" Classical Music "Best Of" Compilation  

Discover the essence of resilience with Dr. Jonathan DePierro, author of ”Resilience,” in this insightful interview with Kurt and Tim. More than just ”bouncing back,” resilience is defined as the ability to adapt, recover, and thrive amidst life’s challenges. Beyond individual resilience, the episode delves into its impact on organizations, providing actionable strategies for fostering adaptability and growth. Join us for a profound exploration of resilience with Dr. DePierro, offering valuable tools to navigate life’s uncertainties with strength and resilience.