Capital Allocators – Inside the Institutional Investment Industry

[REPLAY] Dan Ariely – Investing in Irrationality (Capital Allocators, EP.93)

May 17, 2021
Dan Ariely, a leading behavioral economist and professor at Duke University, discusses his journey from personal injury to exploring the intricacies of human behavior in investment. He emphasizes the significance of emotional connections over traditional incentives in the workplace. The conversation touches on innovative strategies for quantifying human capital, the complex motivations behind professional choices, and the importance of ethical investing. With insights on decision-making and portfolio strategies, Ariely advocates a shift in corporate culture towards valuing trust and personal growth.
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ANECDOTE

Origin of Behavioral Economics Interest

  • Dan Ariely's interest in behavioral economics stemmed from his experience with burn injuries and pain management.
  • Nurses' quick bandage removal maximized pain, highlighting faulty intuitions.
INSIGHT

Research Drivers

  • Curiosity or a desire to solve problems drives research.
  • These can involve studying existing phenomena or trying to change behavior.
ANECDOTE

Kenyan Savings Study

  • A coin with marked numbers helped Kenyans save money more effectively than matching incentives.
  • This worked by making saving visible and providing positive reinforcement.
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