Alex Imas

Join Nobel Prize-winning behavioral economist Richard Thaler and fellow economist Alex Imas as they explore the quirks of human decision-making around money and time. They discuss the phenomenon of the endowment effect and why we cling to our possessions. Discover why people often procrastinate important tasks and how mental accounting influences our spending habits. Thaler shares practical strategies like the Save More Tomorrow program to improve financial decisions, while shedding light on our irrational tendencies in everyday life.

Join Nobel Prize winner Richard Thaler, known for his groundbreaking work in behavioral economics, and Alex Imas, an expert in decision-making and AI, as they delve into the fascinating anomalies of human behavior. They discuss the origins and evolution of their influential work, highlighting intriguing concepts like the endowment effect and fairness in economic decisions. The duo also explores how behavioral insights reshape market strategies, from sports analytics to retirement saving nudges, revealing why even experts often struggle with biases.

Joining the discussion is Alex Imas, a behavioral economist and professor at the University of Chicago, known for his work on decision-making and applied AI. He dives into whether markets are influenced by cash flows or crowd sentiments, using the GameStop phenomenon as a case study. The conversation reveals why bubbles persist despite smart investment strategies and discusses the implications of zero-commission trading platforms. Alex also examines how AI could either help us or exacerbate market manipulation, calling for regulation to safeguard against harmful practices.

In this engaging discussion, Alex O. Imas, a Professor at the University of Chicago, delves into behavioral economics, explaining anomalies like the winner's curse and sunk-cost fallacy that lead to poor decision-making. Colin T. Fisher, an expert from University College London, shares insights on effective group dynamics, highlighting the importance of diverse teams and the pitfalls of compromise in creativity. Together, they provide practical strategies for avoiding common pitfalls and improving team performance.

Historian Mary Stockwell discusses American Revolutionary War strategies of retreat and regrouping. Behavioral scientist Alex Imas explains risk-taking after realizing losses. The podcast explores the impact of loss realization on decision-making and the benefits of taking breaks to reset risk preferences.

Alex Imas, a leading figure in behavioral science at the University of Chicago, explores the fascinating world of behavioral economics. He delves into the concept of the 'winner's curse,' explaining its origins in auction bidding and its implications in high-stakes markets. The discussion covers why cognitive biases persist, the endowment effect, and how experimental economics can be effectively taught. Imas also touches on the integration of behavioral ideas into broader economic fields and his current research on digital marketplaces.

This discussion features Dr. Richard Thaler, a Nobel Prize winner and behavioral economics pioneer, alongside Dr. Alex Imas, a professor known for his research on attention and uncertainty. They dive into the intricacies of decision-making, highlighting how bidders often overpay in auctions due to the winner’s curse. The conversation reveals fascinating insights about mental accounting and its real-world effects in finance. They also explore the role of AI in shaping consumer behavior and the importance of long-term trust in business relationships.

In this discussion, Alex Imas, a leading figure in behavioral economics from the University of Chicago, explores the nuances of his co-authored book, The Winner's Curse. He defines behavioral economics, emphasizing how real behavior often strays from rational models. The conversation dives into the persistence of biases among professionals in high-stakes situations and examines mechanisms behind the winner's curse through intriguing examples. Alex also shares insights on teaching behavioral concepts effectively and discusses current research trends in the field.

Alex Imas, a behavioral economist and AI expert at the University of Chicago, dives into the intriguing anomalies of behavioral economics alongside insights from his book, The Winner's Curse. He explains the winner’s curse through engaging examples like auctions and explores why biases persist in high-stakes settings. Imas discusses innovative classroom experiments designed to teach behavioral concepts and highlights the endowment effect's impact on market behavior. He also shares his current research on how biases affect firms and online marketplaces.

Join University of Chicago economist Alex Imas, co-author of The Winner's Curse, as he explores why consumers perceive tariff-induced inflation differently from other types of inflation. Imas reveals how narratives around fairness and strategy shape consumer tolerance towards price hikes. He discusses the impact of expectations and perceptions of corporate behavior on public support for tariffs. The conversation also touches on the new rare earths separation facility in Louisiana, highlighting its significance for the U.S. supply chain.