Kelly Peters, CEO and Co-founder of BEworks, shares her journey into behavioral economics, challenges related to COVID-19, understanding investor biases, veganism's environmental impact, and the role of regulation in behavioral economics.
Workshops are just an introductory aspect of larger transformational projects that focus on teaching clients about experimentation and challenging their fundamental assumptions.
Interventions must be tailored to different cognitive segments rather than generic public awareness campaigns when addressing vaccine demand.
Deep dives
The Journey into Behavioral Science and Innovation
Kelly Peters got started in the field of behavioral science through her work in banking, where she studied investor biases and credit behavior. She saw the potential to use data to understand the delta between how people should act and how they actually behave. She had a breakthrough moment when she realized the power of the scientific method, behavioral insights, and nudges to drive innovation. This complete methodology became the foundation for her work at BEworks.
Debates and Reflections on Workshops and Behavioral Expertise
Kelly discusses the debates she has had with her co-founder, Dan Ariely, about the value of workshops as a product and the use of behavioral expertise and theory instead of experiments. While Dan believes in using workshops to inspire and transform organizations, Kelly sees workshops as just an introductory aspect of larger transformational projects that focus on teaching clients about experimentation and challenging their fundamental assumptions.
Challenges in Vaccine Demand and Cognitive Segmentation
Kelly highlights the challenges of vaccine demand and discusses her research on the spectrum of vaccine demand and cognitive segments. She emphasizes that interventions must be tailored to different cognitive segments rather than generic public awareness campaigns. Her research also explores the relationship between cognitive traits, scientific literacy, and vaccine demand, revealing the complexity of beliefs and attitudes towards vaccines.
The Power and Importance of Rationality
Kelly emphasizes the importance of rationality in decision-making and the need for reflective thinking, time, and experience. She believes that rationality goes beyond trusting one's gut and requires a community, reflection, and a scientific approach to measuring concepts like happiness and love. She argues that rationality is often underrated and can help shape individual choice within a regulatory framework for the betterment of society.
Kelly Peters is the CEO and Co-founder of BEworks, and one of the leading voices in the world of Applied Behavioral Economics. Kelly has done some fantastic work in the field and she's a firm believer that when applied properly, scientific thinking has the power to transform society.
In this episode, Kelly shares her journey into behavioral economics, how BEworks approach their client work, challenges related to COVID-19, and much more. Hope you enjoy the episode!