The Great Simplification with Nate Hagens cover image

The Great Simplification with Nate Hagens

Ashley Hodgson: "The New Enlightenment and Behavioral Economics”

Feb 14, 2024
01:05:59
Snipd AI
Nate Haganz interviews Ashley Hodgson, a professor in behavioral economics, discussing 'The New Enlightenment' and how to align systems with sustainable goals. They explore the integration of psychology into economic models, the benefits of cooperation and consuming less, the concept of systems depreciation, intergenerational dynamics, redirecting resources towards positive institutions, and the importance of exploring and testing different ideas for new systems.
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Podcast summary created with Snipd AI

Quick takeaways

  • Behavioral economics can provide insights into addressing power imbalances and rethinking incentive structures.
  • Integrating diverse fields and fostering trust-based relationships are crucial for challenging systemic problems.

Deep dives

The Importance of Behavioral Economics in the Systemic Predicament

In this podcast episode, Nate Haganz and Ashley Hodgson discuss the systemic predicament from the perspective of behavioral economics. They explore how behavioral economics, which combines psychology and economic models, can be applied to understand and address our current cultural transition known as the great simplification. They emphasize the need to re-jigger the incentive structures and flow of resources and information in the superorganism. They discuss the relevance of game theory in understanding collective action and the challenges of individual behavior versus human aggregate behavior. They also touch upon the increasing acceptance of behavioral economics in the field of economics and the potential of blockchain and digital algorithms in shaping a new system.

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