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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volunteer_activism ADVICE
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.
insights INSIGHT
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.
insights INSIGHT
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.
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In this book, Daniel Kahneman takes readers on a tour of the mind, explaining how the two systems of thought shape our judgments and decisions. System 1 is fast, automatic, and emotional, while System 2 is slower, effortful, and logical. Kahneman discusses the impact of cognitive biases, the difficulties of predicting future happiness, and the effects of overconfidence on corporate strategies. He offers practical insights into how to guard against mental glitches and how to benefit from slow thinking in both personal and business life. The book also explores the distinction between the 'experiencing self' and the 'remembering self' and their roles in our perception of happiness.
What works
Iris Bohnet
In 'What Works: Gender Equality by Design', Iris Bohnet offers actionable insights and evidence-based strategies to reduce gender inequality. The book explores how unconscious biases affect decision-making and provides tools for creating more inclusive environments. Bohnet emphasizes the importance of data-driven decisions, transparency, and visible role models in promoting gender equality.
Nudge
Improving Decisions About Health, Wealth, and Happiness
Richard H. Thaler
Cass R. Sunstein
In 'Nudge,' Thaler and Sunstein argue that by understanding how people think, we can design 'choice architectures' that nudge people toward better decisions for themselves, their families, and society. The book introduces the concept of 'libertarian paternalism,' where gentle nudges guide people toward beneficial choices without limiting their freedom. It explores various aspects of human decision-making, including the distinction between the 'Automatic System' and the 'Reflective System' of thinking, and provides numerous examples of how nudges can be applied in real-life scenarios to improve outcomes in health, finance, and other areas[1][3][5].
Kaum etwas macht einem Menschen so viel Angst, wie seinen Ruf zu verlieren. Das ergibt evolutionär durchaus Sinn, sagt der Verhaltensökonom Ernst Fehr. Der wichtigste Ökonom Österreichs über die Rolle von Fairness, Tratsch und Sex.
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“Papers and Proceedings” ist die jährliche Mai-Ausgabe des American Economic Review, die zusammenfasst, was sich in der Ökonomie tut. https://is.gd/FbB43O
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Einige Fragen von Menschen auf Twitter
49:00 Verteilung der Steuerlast und Erbschaftssteuer (Frage von @angie_kurz)
53:27 Bildungs- und Integrationspolitik (Frage von @chorherr)
56:55 Grundeinkommen (Frage von @RobertGlattau)
1:00:55 Abgabenquote (Frage von @MarioHolzner)
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1:02:40 Ein Ding, das ihn an Medien stört
1:05:47 Drei Büchertipps
* Nudge von Richard Thaler https://is.gd/5ATlWf
* Thinking Fast and Slow von Daniel Kahneman https://is.gd/HL8Cl3
* What Works von Iris Bohnet https://is.gd/rd5gXK
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Nachfrage - Der Interview-Podcast von Andreas Sator 
