Nachfrage - Der Interview-Podcast von Andreas Sator #11 Warum es Sinn ergibt, schlecht über andere zu reden: Ernst Fehr
Sep 1, 2017
In this discussion, Ernst Fehr, a renowned behavioral economist from the University of Zurich, delves into the fascinating intersection of fairness, social behavior, and the evolutionary role of gossip. He highlights how maintaining one's reputation can drive human actions and influence decision-making. The conversation also touches on complex issues like transparency in management, the ethics of gossip, and how societal pressures shape human desires. Fehr shares powerful insights on the impact of social standing and fairness perceptions on individual well-being.
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Use Transparent Performance Bonuses
- Implement transparent and clearly defined performance bonuses to improve legitimacy and reduce disputes.
- Publicly linking bonuses to verifiable performance metrics promotes trust in compensation.
Flaws in Executive Pay Evaluation
- High executive pay often lacks transparent ties to actual performance, leading to public mistrust.
- Media and economic journalists share blame for misrepresenting managerial performance with stock price changes.
Social Recognition Drives Behavior
- Humans experience deep stress from losing social recognition, highlighting its evolutionary importance.
- Social status acts as a crucial motivator tied to survival and reproduction fitness.
