Our inescapable experiences
09/02/21 • 71 min
Ulrike Malmendier is the premier economic scholar for understanding how our experiences affect our decisions, even in ways we might not recognize. Ulrike joins Cardiff to discuss the nuances and applications of her research, including why daily habits like grocery shopping affect our expectations for the economy; how the crises we live through determine the extent of our lifetime participation in financial markets; and how policymakers at the Federal Reserve are just as susceptible to the effects of their experiences as the rest of us are to our own. Plus, Ulrike offers an optimistic view on how our future decision-making might be transformed by the pandemic.
Links from the episode:
- Ulrike Malmendier is on Twitter at @umalmend
- Ulrike’s research (https://tinyurl.com/eyv99d4a)
- Ulrike’s AEA/AFRA Joint Lecture (https://tinyurl.com/9x94f8jr)
- Cardiff and Aimee are on Twitter at @CardiffGarcia and @AimeePKeane
- Send us an email! You can write to us at [email protected]
Hosted on Acast. See acast.com/privacy for more information.
Ulrike Malmendier is the premier economic scholar for understanding how our experiences affect our decisions, even in ways we might not recognize. Ulrike joins Cardiff to discuss the nuances and applications of her research, including why daily habits like grocery shopping affect our expectations for the economy; how the crises we live through determine the extent of our lifetime participation in financial markets; and how policymakers at the Federal Reserve are just as susceptible to the effects of their experiences as the rest of us are to our own. Plus, Ulrike offers an optimistic view on how our future decision-making might be transformed by the pandemic.
Links from the episode:
- Ulrike Malmendier is on Twitter at @umalmend
- Ulrike’s research (https://tinyurl.com/eyv99d4a)
- Ulrike’s AEA/AFRA Joint Lecture (https://tinyurl.com/9x94f8jr)
- Cardiff and Aimee are on Twitter at @CardiffGarcia and @AimeePKeane
- Send us an email! You can write to us at [email protected]
Hosted on Acast. See acast.com/privacy for more information.
Previous Episode
A story of poker and risk
A few years ago, Maria Konnikova took a leave from her job as a psychology journalist at The New Yorker to try something new: become a professional poker player. Hoping merely for a good story to write about, she stunned everyone -- including herself -- with her accelerated mastery of the game, winning big tournaments and earning hundreds of thousands of dollars within just the first couple of years. Maria joins Cardiff to discuss what she learned in the process about her own psychological makeup, her capacity for change, and how we can all take lessons from poker to make better decisions. It’s the subject of her latest book, The Biggest Bluff: How I Learned to Pay Attention, Master Myself, And Win, which is now available in paperback.
Links from the episode:
- Maria Konnikova is on Twitter at @mkonnikova
- Maria’s book, The Biggest Bluff (https://tinyurl.com/kexnvd4n)
- “Remembering Walter Mischel, with Love and Procrastination” in The New Yorker (https://tinyurl.com/zrbae2xx)
- Maria’s writing in The New Yorker (https://tinyurl.com/y8n88yy8)
- Cardiff and Aimee are on Twitter at @CardiffGarcia and @AimeePKeane
- Send us an email! You can write to us at [email protected]
Hosted on Acast. See acast.com/privacy for more information.
Next Episode
Bad bubble behavior
In The Delusions of Crowds, finance theorist William Bernstein writes about some of the famous financial bubbles and religious manias of the past. He joins Cardiff to discuss the connection between these two kinds of events, why humans are so susceptible to mass manias, the good that sometimes comes from a financial bubble, and how we can all spot the visible signs of manias when they arise.
Links from the episode:
- The Delusions of Crowds: Why People Go Mad in Groups (https://tinyurl.com/95ff3emt)
- A Splendid Exchange: How Trade Shaped the World (https://tinyurl.com/kn6pdr7k)
- The Birth of Plenty: How the Prosperity of the Modern World was Created (https://tinyurl.com/v8mw4be2)
- Cardiff and Aimee are on Twitter at @CardiffGarcia and @AimeePKeane
- Send us an email! You can write to us at [email protected]
Hosted on Acast. See acast.com/privacy for more information.
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