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Economics professor Tyler Cowen discusses using incentives in daily life to make better decisions. Topics include parenting strategies, the economics of dentistry, favorite art museums, navigating tourist experiences in Morocco, and challenges in education and academia.
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Quick takeaways
- Economic decisions should be self-aware and consider costs vs. benefits.
- Balancing monetary incentives with intrinsic motivations is crucial for autonomy.
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Discovering Your Inner Economist
Discover Your Inner Economist by Tyler Cowen is about how we all make economic decisions daily, weighing costs and benefits. By being more self-aware, we can improve our decision-making. Economics is not just about financial matters but about matching means to ends and understanding incentives. The book emphasizes making better decisions in all aspects of life, especially as societies become wealthier.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode