The theories of behavioral economics inform how businesses, and individuals, can try to avoid the irrational responses that mislead even the best among us.
When you envision a group of business people making a tough decision, you may think of folks in suits rationally dissecting market data or financial statements. But what if they are not always so rational? This week we take a deep dive into the world of behavioral economics to learn about the mechanisms that impact all our choices and how the best practitioners try to avoid common decision-making mistakes.
For more, visit www.morganstanley.com/ideas/morgan-stanley-ideas-podcast
Check out our other podcasts:
Want Better Profits With Less Risk? Hire More Women
Meet Jana Rich, an executive recruiter in Silicon Valley, who has spent years working through the thorny issues of changing the gender mix in big firms, and Eva Zlotnicka, whose research results have even the quants paying attention to how workplace gender diversity can impact investment results.
Is Alternative Energy Really Alternative Anymore?
We travel to Arizona to see how alternative energy, solar power investment, and utilities are taking what was on the fringes of science 30 years ago and turning it into the norm.
When Software Drives the Car, Who Pays the Insurance?
Autonomous vehicles may radically change the way we move people and goods, but they will be no less disruptive for how the insurance industry works.