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Robbing the many to pay the one – game theory and temptation | with Carlos Alós-Ferrer

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Manage episode 513452742 series 3344349
Content provided by TWS Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by TWS Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode we are talking about corporate scandals, selfishness, and how game theory can help us understand when people give in to temptation. Carlos Alós-Ferrer explains how his "Big Robber" experiment shows that while people often act pro-socially in classical economic games, things change when individuals are given the chance to earn large sums of money at the expense of harming many others. We also discuss how insights from psychology and neuroscience enrich economics by highlighting the importance of process data such as response times.

Carlos Alós-Ferrer is Chair Professor of Economics at Lancaster University (UK). His research spans economics, psychology, and neuroscience, with a focus on decision-making processes and the interdisciplinary field of psycho-economics. He is Editor-in-Chief of the Journal of Economic Psychology and also writes the blog Decisions and the Brain on Psychology Today.

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 513452742 series 3344349
Content provided by TWS Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by TWS Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode we are talking about corporate scandals, selfishness, and how game theory can help us understand when people give in to temptation. Carlos Alós-Ferrer explains how his "Big Robber" experiment shows that while people often act pro-socially in classical economic games, things change when individuals are given the chance to earn large sums of money at the expense of harming many others. We also discuss how insights from psychology and neuroscience enrich economics by highlighting the importance of process data such as response times.

Carlos Alós-Ferrer is Chair Professor of Economics at Lancaster University (UK). His research spans economics, psychology, and neuroscience, with a focus on decision-making processes and the interdisciplinary field of psycho-economics. He is Editor-in-Chief of the Journal of Economic Psychology and also writes the blog Decisions and the Brain on Psychology Today.

  continue reading

100 episodes

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