Think Like An Economist cover image

S E43: Why wages vary - Why some of us get paid more than others

Think Like An Economist

CHAPTER

The Third Type of Discrimination

Prejudice is when we're biased against a group of people, which is not based on reason or experience. Some one may not hire a man to teach children because they have an implicit bias that men aren't very nurturing. Women often get shut out of positions due to implicit biases that men are more aggressive and so will do a better job. The third type of discrimination that economists have focused on i statistical discrimination. This is when statistics about average performances for a group will influence how some judges an individual.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner