Do People Act Like Human Beings? Insights from the Brilliant Career of Behavioral Economist, Ernst Fehr
Take the guesswork out of financial decisions at every stage of life with Maxifi: https://maxifiplanner.com/. Designed by Economist Laurence Kotlikoff.
Professor Kotlikoff talks with Ernst Fehr, Professor of Microeconomics and Experimental Economics at the University of Zurich, and a leading figure in the field of behavioral economics. Ernst's profound contributions to our understanding of human behavior and economic decision-making have made him a pillar in his discipline. His pioneering work has expanded the traditional framework of economics to include concerns for fairness, cooperation, and altruism, fundamentally transforming the landscape of economic research.
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In this episode you will gain invaluable insights into Professor Fehr's examination of human behavior, which highlights the inertia and behavioral transaction costs that hinder financial actions. Furthermore, the discussion on fairness and altruism provides a nuanced understanding of how these motivations interplay with economic decisions, challenging the traditional focus on self-interest.
This episode also explores the significant impact of experimental economics on understanding market fairness and employer-employee dynamics. For anyone interested in the behavioral aspects of economics and personal finance, this conversation offers a wealth of practical insights and thought-provoking ideas.
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Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.
Follow Professor Kotlikoff:
Facebook: kotlikoff
Twitter: @kotlikoff
LinkedIn: laurencekotlikoff
Substack: https://larrykotlikoff.substack.com/
Books: https://kotlikoff.net/books/
Company: https://maxifiplanner.com/
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