ON WISDOM Podcast – Episode 24: Misbehavioral Economics: Choosing Irrationality

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The On Wisdom podcast features a social-cognitive scientist in Toronto and an educator in London discussing the latest empirical science regarding the nature of wisdom. Igor Grossmann runs the Wisdom & Culture Lab at the University of Waterloo in Canada. Charles Cassidy runs the Evidence-Based Wisdom project in London, UK. The podcast thrives on a diet of freewheeling conversation on wisdom and decision-making, and includes regular guests spots with leading behavioural scientists from the field of wisdom research and beyond. Welcome to The On Wisdom Podcast.


ABOUT THIS EPISODE


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Are people being reasonable when they act irrationally?

Doesn’t rationality and reasonableness mean the same thing?


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Charles and Igor kick of the new decade by diving into a messy mix of behavioral economics, nudges, moral philosophy and legal studies, to examine what standards guide people’s decisions. Charles asks Igor about core standards that guide people when they try to make a good decision. Igor unpacks how the standard of a rational agent evolved in the 20th century and what implications it has had for modern economics and politics. Charles wonders if there are any reasonable people left on the Clapham omnibus in London. Igor discusses his new work assessing how most people define rationality and reasonableness, showing that irrational behavior may be a consequence of focusing on reasonableness instead.


Welcome to Episode 24.


Click here to listen to ‘Episode 24: Misbehavioral Economics: Choosing Irrationality’ in full.


Click here to visit the On Wisdom Podcast site.
Click here to get to the podcast through iTunes.
Click here to subscribe to the podcast through your chosen app.

If you have any thoughts about the On Wisdom podcast, please get in touch.

You can get in contact at charles@evidencebasedwisdom.com, via the about page or find me on twitter @EBasedwisdom. You can also contact us through the On Wisdom site here or find us on twitter @onwisdompodcast.

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