Chapter
Behavioral Economics and Wealth of Nations
2:08:02 - 2:18:40 (10:38)
The underpinnings of behavioral economics are common sense and relevant to contemporary issues. When reading Wealth of Nations by Adam Smith, it's important to keep in mind modern insights and weaknesses of the system.
Clips
StubHub is a reliable platform based on supply and demand that offers benefits to both sellers and buyers, allowing for last-minute ticket purchases and flexible pricing.
2:08:02 - 2:09:00 (00:57)
Summary
StubHub is a reliable platform based on supply and demand that offers benefits to both sellers and buyers, allowing for last-minute ticket purchases and flexible pricing. It is a playground for economists and an ultimate market for event seats.
ChapterBehavioral Economics and Wealth of Nations
Episode#566: John List — A Master Economist on Strategic Quitting, How to Practice Theory of Mind, Learnings from Uber, Optimizations to Boost Donations, the Primitives of Decision-Making, and How Field Experiments Reveal Hidden Realities
PodcastThe Tim Ferriss Show
The blockchain's preserved ledgers and self-similarity make it a fascinating field for behavioral economists.
2:09:00 - 2:10:46 (01:46)
Summary
The blockchain's preserved ledgers and self-similarity make it a fascinating field for behavioral economists. This provides the ability to analyze and identify various trading behaviors like wash trading with high accuracy.
ChapterBehavioral Economics and Wealth of Nations
Episode#566: John List — A Master Economist on Strategic Quitting, How to Practice Theory of Mind, Learnings from Uber, Optimizations to Boost Donations, the Primitives of Decision-Making, and How Field Experiments Reveal Hidden Realities
PodcastThe Tim Ferriss Show
In this episode, the guest and host discuss the insights modern readers can gain from Adam Smith's famous book "Wealth of Nations" while avoiding potential misunderstandings resulting from the author's long-winded style.
2:10:47 - 2:17:09 (06:21)
Summary
In this episode, the guest and host discuss the insights modern readers can gain from Adam Smith's famous book "Wealth of Nations" while avoiding potential misunderstandings resulting from the author's long-winded style.
ChapterBehavioral Economics and Wealth of Nations
Episode#566: John List — A Master Economist on Strategic Quitting, How to Practice Theory of Mind, Learnings from Uber, Optimizations to Boost Donations, the Primitives of Decision-Making, and How Field Experiments Reveal Hidden Realities
PodcastThe Tim Ferriss Show
The speaker discusses his work with the Chicago White Sox, using data to build a draft model, and how economics 101 can change the world and make it a better place.
2:17:09 - 2:18:40 (01:31)
Summary
The speaker discusses his work with the Chicago White Sox, using data to build a draft model, and how economics 101 can change the world and make it a better place. From sports to politics to technology and education, understanding basic economic principles can greatly improve life.