“We all think that ‘Oh no, I am so completely fair and rational.’ That’s not true. We’re all subject to this.”—Experimental & Behavioural Economics with Professor Ananish Chaudhuri | Business Games S02e03 Pt.1

Prof. Chaudhuri introduces behavioural and experimental economics [04:38]; talks about how to start experiments by using existing published knowledge, first [12:25]; carrots & sticks versus intrinsic motivation [14:37]; wisdom of the crowd versus information cascades [29:30]; HR and gender pay equity [16:58]; individual versus group decision making [33:46]; electronic betting markets [35:43]; egos and buy-in [38:08], and more.
A bonus, paid-members-only follow-up discussion available on the personal Premium podcast feed (https://www.business-games.ai/#/portal/signup (subscribe by clicking here)) will dive much deeper into all the above + online experiment platforms & how to use them to set up experiments in your firm, separating incentives from beliefs, COVID vaccines & response, Pilots versus Doctors making mistakes, and much-much more.
Next week, we’ll look at corporate experimentation, crisis response, psychological safety, creativity, and more with Dawie Olivier—an established CIO and advisor to corporates & start-ups.
Last week, we introduced complexity theory and set up the experimentation contexts with JP Castlin.
Links to Some of Prof. Chaudhuri’s WorkWWW: https://ananishchaudhuri.com/ (https://ananishchaudhuri.com/)
LinkedIn: https://www.linkedin.com/in/ananish-chaudhuri-571782203/ (https://www.linkedin.com/in/ananish-chaudhuri-571782203/)
Twitter: https://twitter.com/ProfAnanish (@ProfAnanish)
Behavioural Economics and Experiments (book, 1st edition): https://www.amazon.com/Behavioural-Economics-Experiments-Ananish-Chaudhuri/dp/0367463938/ (https://www.amazon.com/Behavioural-Economics-Experiments-Ananish-Chaudhuri/dp/0367463938/)
Some Other Links Mentionedhttps://www.newsroom.co.nz/ideasroom/blind-interviews-an-answer-to-gender-pay-gap (Could Blind Job Interviews Take on Gender Pay Pap? | Newsroom)
See https://www.greatleadershipbydan.com/2014/04/the-obligation-to-dissent.html (Great Leadership: The Obligation to Dissent (greatleadershipbydan.com)) for the discussion of the concept and the suggested antidote.
About Business Games Premiumhttps://www.business-games.ai/about/ (https://www.business-games.ai/about/)

Prof. Chaudhuri introduces behavioural and experimental economics [04:38]; talks about how to start experiments by using existing published knowledge, first [12:25]; carrots & sticks versus intrinsic motivation [14:37]; wisdom of the crowd versus information cascades [29:30]; HR and gender pay equity [16:58]; individual versus group decision making [33:46]; electronic betting markets [35:43]; egos and buy-in [38:08], and more.

A bonus, paid-members-only follow-up discussion available on the personal Premium podcast feed (subscribe by clicking here) will dive much deeper into all the above + online experiment platforms & how to use them to set up experiments in your firm, separating incentives from beliefs, COVID vaccines & response, Pilots versus Doctors making mistakes, and much-much more.

Next week, we’ll look at corporate experimentation, crisis response, psychological safety, creativity, and more with Dawie Olivier—an established CIO and advisor to corporates & start-ups.

Last week, we introduced complexity theory and set up the experimentation contexts with JP Castlin.

Links to Some of Prof. Chaudhuri’s WorkWWW: https://ananishchaudhuri.com/LinkedIn: https://www.linkedin.com/in/ananish-chaudhuri-571782203/Twitter: @ProfAnanishBehavioural Economics and Experiments (book, 1st edition): https://www.amazon.com/Behavioural-Economics-Experiments-Ananish-Chaudhuri/dp/0367463938/Some Other Links MentionedCould Blind Job Interviews Take on Gender Pay Pap? | NewsroomSee Great Leadership: The Obligation to Dissent (greatleadershipbydan.com) for the discussion of the concept and the suggested antidote.About Business Games Premium

https://www.business-games.ai/about/