Daryl Fairweather, Chief Economist at Redfin and author of 'Hate the Game', dives into economic strategies for life decisions. She explores how game theory can aid choices like marriage and career moves. Daryl discusses the emotional side of home buying post-pandemic and offers tips for maximizing home value through smart renovations. Personal finance strategies, including managing subscriptions and retirement accounts, are also highlighted. With a dash of humor, she emphasizes balancing family and career priorities while embracing change.
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Daryl's Fitness Data Subscription
Daryl subscribes to many services, including Whoop, to track her health data.
She enjoys the social and competitive aspects that keep her engaged with fitness tracking.
insights INSIGHT
Housing Market Stuck Situation
Housing markets are stuck due to high interest rates and unwilling sellers.
Affordable demand and limited supply keep home values high, unlike the Great Recession.
insights INSIGHT
Regulatory Impact on Housing Affordability
Places like Austin saw rent decline because regulatory flexibility allowed increased construction.
Easing building regulations is key to addressing housing affordability as demand fluctuates.
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In 'Hate the Game', Daryl Fairweather applies high-level economic concepts such as game theory and behavioral economics to everyday life decisions, offering strategies for navigating career, relationships, and personal choices. The book combines personal anecdotes with historical and pop culture references to make economics accessible and empowering for readers.
Applied Economics
Thinking Beyond Stage One
Thomas Sowell
In 'Applied Economics: Thinking Beyond Stage One', Thomas Sowell examines the application of economics to contemporary issues such as housing, medical care, discrimination, and national economic development. The book emphasizes the importance of considering both immediate and long-term effects of economic policies, highlighting how similar incentives and constraints lead to similar outcomes across different cultures. Sowell critiques policies that often fail to achieve their intended goals due to a lack of foresight beyond immediate results.
Freakonomics
A Rogue Economist Explores the Hidden Side of Everything
Andrea Montero Cusset
Steven D. Levitt
Stephen J. Dubner
Freakonomics is a collaboration between economist Steven D. Levitt and journalist Stephen J. Dubner that delves into the riddles of everyday life, from cheating and crime to parenting and sports. The book argues that economics is fundamentally the study of incentives and how people get what they want or need, especially when others want or need the same thing. It covers various topics such as the inner workings of a crack gang, the truth about real estate agents, and the secrets of the Ku Klux Klan, using forceful storytelling and wry insight to challenge conventional wisdom.
We’re joined by the Chief Economist at Redfin, Daryl Fairweather, so you know we’re talking about the current state of the real estate market today. But before she was knee-deep in housing data Daryl was the senior economist at Amazon, and before that she was a researcher at the Federal Reserve Bank of Boston which is when she was working with Freakonomics author Steven Levitt. Now, she has a new book that just came out last week, Hate The Game: Economic Cheat Codes for Life, Love, and Work. The book is all about helping folks to use game theory and behavioral science to lay out all the options in life. For example whether you should get married and have kids or not, or going for a promotion versus looking for a new job, or whether or not you should move to a new city! Basically, Daryl is wanting to help folks win at whatever game in life they’re playing and we also discuss her favorite nerdy board game, the solutions to high housing prices, and plenty more!
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