Behavioral Economics
Can a nudge change the way we make decisions?
4.3 (29)
54 mins
Understand behavioral economics and its profound insights into human decision-making, in this skoob. Discover how compelling narratives can deepen cognitive biases, leading to flawed choices in various contexts - from healthcare to consumer behavior. Also delve into the power of framing effects and how they alter our decisions in cooperative settings.
Ep 1:
The Danger of a Good Story
Compelling stories can hijack sound judgment—we explore why our brains crave narrative even when it derails rational choices, and why 'rational' decision-making may be a myth in an uncertain world.
Ep 2:
Dice Rolls and Doctors' Orders
Behavioral economics rebels rewrite the rules of choice, revealing how framing flips preferences—then we examine how financial incentives and arbitrary bias quietly steer doctors' life-altering decisions.
Discussions (21)
Moses
Level 5 · 8 mo agoThinking you can run a business without stories is pure incompetence. Spreadsheets don't inspire anyone.
Kelvin
Level 7 · 9 mo agoDoctors pushing C sections because they pay better explains the massive spike in surgeries. It is scary that billing codes matter more than safety when you are delivering a baby.
Reece
Level 10 · 9 mo agoI verified the study about judges rolling dice and the podcast is right. Sentences were 60 percent longer after high rolls. It proves how easily random anchors bias expert decisions.
