Behavioral Grooves Podcast

Grooving on: Starting a Movement

Mar 6, 2024

Reflecting on the evolution of behavioral economics, Kurt and Tim highlight the importance of collaboration, perseverance, and embracing uncertainty. They discuss initiating projects based on observations, fostering collaboration, and pioneering change within existing systems. The conversation also emphasizes the role of luck and seizing opportunities in driving meaningful transformations.

39:44

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Quick takeaways

Collaboration among dedicated individuals is essential in reshaping fields like behavioral economics.

Encouraging autonomy and embracing uncertainty are key in driving innovation and effecting meaningful change.

Deep dives

Starting a Movement in Behavioral Economics

The podcast discusses the significant impact of a group of behavioral economists in changing the field, challenging traditional economic models, and introducing concepts like biases and heuristics. By coming together, not as individuals but as a collaborative group, they reshaped the foundation of economics. The discussion highlights the importance of engaging others, finding like-minded individuals, and working collectively to create a larger impact on shaping ideas and movements. It emphasizes the power of small groups of committed individuals in driving meaningful change.

The Value of Iteration in Idea Generation

01:03

Small Group, Big Impact

02:00

The Power of Movement and Discussion

00:55

Introduction

4min

The Power of Collaborative Innovation

11min

Initiating Projects with Observations and Personal Interests

4min

Fostering Collaboration and Iteration

8min

Pioneering Behavioral Economics Change

5min

Embracing Luck and Seizing Opportunities

7min

In their final wrap-up, Kurt and Tim reflect on their recent series "They Thought We Were Ridiculous" and the insightful conversations they shared with leading figures in behavioral economics.

Throughout this engaging discussion, they delve into how small, dedicated groups have catalyzed significant shifts in both thought and practice within the field. They emphasize that behavioral economics didn't emerge fully developed; rather, it required the combined efforts of brilliant minds, collaboration, and unwavering perseverance in the face of adversity to shape the impactful field we know today.

During the episode, Kurt and Tim stress the importance of effecting change from within existing systems and encourage listeners to identify and capitalize on fortunate opportunities. Success isn't by chance - it often hinges on embracing uncertainty and seizing unforeseen circumstances.

Tune in for invaluable insights into the evolution of behavioral economics and discover actionable strategies for driving meaningful change in your own pursuits. Don't miss this exciting conclusion to our series—a compelling exploration of human behavior and the transformative potential of collaboration and perseverance.

Whole Series Available Now!

Episode 1: Beyond Anomalies

Episode 2: Importing Psychology

Episode 3: Children of Unlikely Parents

Episode 4: Behavioral Economics Goes Mainstream

Episode 5: The Future