Podcasts about henrietta johnson louis professor

The world is a highly competitive place, and becoming successful requires hard work, dedication, and luck. This is the view of today's guest, Professor Robert Frank, who helps us unravel the nuance of conspicuous consumption trends and the role of luck in gaining financial success. Professor Frank is the emeritus Henrietta Johnson Louis Professor of Management at Cornell University and holds an MA in statistics and a Ph.D. in Economics from UC Berkeley. He is also a prolific author, having written 12 books, financial textbooks, and many peer-reviewed articles in journals such as the American Economic Review, Econometrica, and Journal of Political Economy. He is passionate about how policy can help drive positive consumer behaviour, reduce inequality, and increase individual happiness. His work has also focused on the role of luck in achieving financial success which he covers in his book Success and Luck. In this episode, we unpack how individuals can improve societal collective action, the role of policy in driving those changes, and how luck interplays with success. We discuss economic and financial relativism, the dangers of conspicuous consumption, how expenditure cascades occur, and what influences consumption trends in society. We also dive into the topic of luck, whether wealthy people are happier, what behavioural changes are needed to create a better society, and more.   Key Points From This Episode:   Professor Frank describes the difference between departures from rational choice with regret and without regret. (0:04:34) Whether he classifies his work as behavioural economics. (0:07:38) An explanation of economic and financial relativism. (0:10:50) The role of economic and financial relativism in consumption trends. (0:12:44) Find out what constitutes a positional good. (0:16:56) How the consumption of positional goods affects psychological well-being. (0:19:32) Why people choose to engage in consumption arms races. (0:21:52) The relationship between the consumption of luxury goods and happiness. (0:24:45) What people can do to recognize and avoid negative consumption behaviours. (0:26:31) How the spending of the super-rich impacts the spending habits of the typical consumer. (0:27:38) Ways in which social media influencers have affected consumption. (0:30:32) We learn about the link between consumption and inequality. (0:32:40) How well differences in human capital explain differences in income. (0:35:04) Professor Frank explains how likely it is that the most skilled person gets the best outcome in a competitive market. (0:38:13) Professor Frank shares how they measure luck. (0:41:20) The influence luck has on achieving a successful outcome. (0:42:09) Find out if luck influences consumption trends and inequality. (0:44:03) A thought experiment concerning the wealthy and higher taxes. (0:46:56) We discuss whether winner-take-all markets are a good thing for society. (0:50:22) How people should behave differently to help drive positive change. (0:53:06) Advice for people to stay motivated and work hard. (0:57:19) What Professor Frank thinks about working a job you hate for more money. (0:58:59) He provides insight for people who work jobs they hate. (0:59:59) His approach on the subject of luck and meritocracy with young kids. (1:00:47) We discuss the idolization of financially successful people. (1:03:36) How successful individuals should behave differently in an economy where luck plays such an important role. (1:05:38) The response of successful people to Success and Luck. (1:08:15) Steps people can take to positively affect those around them. (1:09:29) Discover what Professor Frank's position is on policy. (1:14:20) We hear how Professor Frank defines success in his life. (1:18:33)     Links From Today's Episode:   Professsor Robert Frank on Twitter — https://twitter.com/econnaturalist Cornell University — https://www.cornell.edu/ Success and Luck — https://www.amazon.com/Success-Luck-Good-Fortune/ Luxury Fever — https://www.amazon.com/Luxury-Fever/ Principles of Economics — https://www.amazon.com/Principles-Economics/ The Winner-Take-All Society — https://www.amazon.com/Winner-Take-All-Society/ American Economic Review — https://www.aeaweb.org/journals/aer Econometrica — https://onlinelibrary.wiley.com/journal/14680262 Journal of Political Economy — https://www.jstor.org/journal/jpoliecon Project Sunroof — https://sunroof.withgoogle.com/ Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/?hl=en Rational Reminder on YouTube — https://www.youtube.com/channel/ Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on Twitter — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on Twitter — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/

Robert H. Frank is the Henrietta Johnson Louis Professor of Management and Professor of Economics at Cornell's Johnson Graduate School of Management and a Distinguished Senior Fellow at Demos - an incredible guest to have on the show. Glen had a chat with him about:

Robert H. Frank is the Henrietta Johnson Louis Professor of Management and Professor of Economics at Cornell's Johnson Graduate School of Management. I don't know him personally and until 2016 I had no idea who he was, but that's the year I read an article in The Atlantic entitled, "Why Luck Matters More Than You Think." It was intriguing me, but honestly, there wasn't anything new about my intrigue. The subject of luck has fascinated me for a long time. Some people don't believe in luck. Or serendipity. Or chance. Especially when it comes to success or achievement. By "late-life" I don't necessarily mean age, but it might include that. Most certainly it includes experience. A person begins to learn something at an early age. Take a current professional ice hockey player. His parents put him in ice skates for the first time when he was 3. Since then he's spent almost as much time in ice skates as he has sneakers. By the time he's approaching 14, he's a decade into the learning curve. Off he goes to play major junior hockey - a high level of play for boys approaching high school. He moves to another town where the team is located and he begins to play the highest level of amateur hockey while living with a host family who has taken him in. Before his 18th birthday, he's drafted by an NHL team. He's 15 years into the learning process, but he's only 18. A person matures past middle-age. She's spent her entire life pursuing art. As a young girl, she fell in love with painting and she's been at it ever since. It's never earned her much of a living. Until now. A while back she had a little showing at a local gallery. A blogger with a widely read blog happened to live in the area and visited the exhibition. And wrote a piece about this woman's artwork, along with posting some pictures of her work. About a hundred miles away, in a big city, an art gallery owner saw the blog post about this now older woman's showing. An email was sent and now after 4 decades of painting artwork in relative obscurity, she's achieving late-life luck. She's experienced at art and life. There are many flipside stories that counterbalance these. Stories of people who began early and never found any success. People who persisted for decades and never found any luck. Let's talk more about it.

Winner take all | Robert H. Frank is the Henrietta Johnson Louis Professor of Management Emeritus at Cornell University’s SC Johnson Graduate School of Management. What does a winner take all ethos in capitalism mean for democracy? Robert Frank discusses with Andrew Keen what the concentration of wealth amongst the best of the best and the sinking top tax rates means for conceptions of equality and fairness in America. Understanding this is essential to understanding the disconnect between politics and people today.

Robert Frank is the H. J. Louis Professor of Management and Economics at Cornell University. His newest book “Under the Influence, Putting Peer Pressure to Work” discusses how social environments profoundly shape our behaviors and how we can unlock the power of social influence – through fascinating ideas from behavioral contagion to consumption taxation. 

 In this interview, Prof. Frank explains the core ideas of his book in detail: how individuals are constantly “under the influence” of others’ behaviors and thus do not always make the most rational decisions; how Adam Smith’s concept of “Invisible Hand” has been greatly misconstrued and overblown by free marketers; why we have a powerful and legitimate public policy interest in encouraging socially beneficial memes and discouraging socially harmful ones… We also discuss Prof. Frank’s progressive consumption tax proposal. It may sound surprising to many, but imposing higher tax rates for the rich might not hurt their purchase power because the prices for the scarce goods they pursue will come down correspondingly. However, by taxing lavish spending behaviors, we can discourage competitive biddings that do not improve society’s overall welfare. On the other hand, a progressive consumption tax would encourage saving and investment in ways that income taxes cannot, and a carbon tax will be effective in disincentivizing environmentally unfriendly activities. The deeper part of the conversation is towards the end, when Prof. Frank and Tiger talk about whether the field of economics needs a somewhat complete reworking – not to simply include more behavioral economists’ opinions, but even rethink the ways we teach about supply & demand and uproot fundamental theorems. It matters because economics is not an objective science, and it is built upon a set of assumptions that often do not hold true in reality when irrational agents come together. We talk about the “mis-valuing” of essential workers during Covid-19 to the glaring naïveté of free-marketeer Capitalism underpinned by UChicago-styled economists from the 80s… Robert H. Frank is the Henrietta Johnson Louis Professor of Management and Professor of Economics at Cornell's Johnson Graduate School of Management and a Distinguished Senior Fellow at Demos. For more than a decade, his "Economic View" column appeared monthly in The New York Times. His books have been translated into 23 languages, including ”Choosing the Right Pond,“ ”Passions Within Reason,“ ”Microeconomics and Behavior,“ ”Principles of Economics“ (with Ben Bernanke), ”Luxury Fever,“ ”What Price the Moral High Ground?,“ ”Falling Behind,“ ”The Economic Naturalist,“ ”The Darwin Economy,“ and ”Success and Luck.“ “The Winner-Take-All Society,” co-authored with Philip Cook, received a Critic's Choice Award, was named a Notable Book of the Year by The New York Times, and was included in Business Week's list of the ten best books of 1995. Frank is a co-recipient of the 2004 Leontief Prize for Advancing the Frontiers of Economic Thought.

Why does an invisible, life-threatening virus prompt a nationwide emergency, but invisible, life-threatening gases don’t? Experts have been emphasizing the dangers of unchecked climate change for years, underscoring the need for rapid, bold action early-on to avoid the worst impacts. Now health experts are pushing the same level of global mobilization to quell the spread of the novel coronavirus. Why are humans wired to respond to some fears and emergencies more than others? Can the reaction to the COVID-19 pandemic teach us anything about how humans respond to other invisible, global threats? Visit climateone.org/watch-and-listen/podcasts for more information on today's episode. Guests: Peter Atwater, Adjunct Professor of Economics, College of William & Mary Susan Clayton, Whitmore-Williams Professor of Psychology, College of Wooster Robert H. Frank, Henrietta Johnson Louis Professor of Management, Cornell SC Johnson College of Business Additional interviews: Shannon Osaka, Climate Reporter, Grist This program was recorded at the Commonwealth Club in San Francisco on March 24, 2020,

Robert Frank, the Henrietta Johnson Louis Professor of Management and Professor of Economics at the Cornell Johnson Graduate School of Management, returns to Present Value to discuss his new book Under the Influence: Putting Peer Pressure to Work. The conversation explores the nature of social contagion and its numerous implications for how we approach public policy - most importantly our response to climate change. Professor Frank breaks down the mechanics of social contagion, what our regulatory approach has missed in the past, and how we can leverage knowledge of the tendency to mimic others to confront climate threats moving forward. For more than a decade, Professor Frank’s "Economic View" column appeared monthly in The New York Times. He received his BS in mathematics from Georgia Tech, and then taught math and science for two years as a Peace Corps Volunteer in rural Nepal. He holds an MA in statistics and a PhD in economics, both from the University of California at Berkeley. His papers have appeared in the American Economic Review, Econometrica, Journal of Political Economy, and other leading professional journals. His books have been translated into 23 languages, including Choosing the Right Pond, Passions Within Reason, Microeconomics and Behavior, Principles of Economics (with Ben Bernanke), Luxury Fever, What Price the Moral High Ground?, Falling Behind, The Economic Naturalist, The Darwin Economy, and Success and Luck. The Winner-Take-All Society, co-authored with Philip Cook, received a Critic's Choice Award, was named a Notable Book of the Year by The New York Times, and was included in Business Week's list of the ten best books of 1995. Frank is a co-recipient of the 2004 Leontief Prize for Advancing the Frontiers of Economic Thought. He was awarded the Johnson School's Stephen Russell Distinguished teaching award in 2004, 2010, and 2012, and its Apple Distinguished Teaching Award in 2005. Links from the Episode at presentvaluepodcast.com Book Link: Under the Influence: Putting Peer Pressure to Work (Amazon Link) Episode Article: Johnson Business Feed Profile: Robert H. Frank - Johnson  Twitter: @econnaturalist

Jesse and Brittany welcome Robert H. Frank to discuss all things luck, meritocracy, and the simple policy changes that could make life better for everyone. Robert H. Frank is the Henrietta Johnson Louis Professor of Management and a Professor of Economics at the Samuel Curtis Johnson Graduate School of Management at Cornell University. He is... The post BONUS #069 – “Robert H. Frank, author of “Success and Luck: Good Fortune and the Myth of Meritocracy.”” appeared first on I Doubt It Podcast.

In our inaugural episode, we talk to Professor Robert H. Frank, Cornell University’s Henrietta Johnson Louis Professor of Management. He shares his ideas on why people don’t notice their own luck, single-payer healthcare, why context matters, and the final word on Dylan or Clapton. Links from the Episode at presentvaluepodcast.com Faculty Page: Robert H. Frank - Johnson, Cornell Books: Amazon Author Page

May 13 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Robert Frank, the Henrietta Johnson Louis Professor of Management and professor of economics at Cornell University's Johnson Graduate School of Management and a distinguished senior fellow at Demos. This interview aired on Bloomberg Radio.

Professor Robert H. Frank is the Henrietta Johnson Louis Professor of Management Professor of Economics at Cornell University's S.C. Johnson Graduate School of Management. He is a monthly contributor to the "Economic Scene" column in The New York Times. Until 2001, he was the Goldwin Smith Professor of Economics, Ethics, and Public Policy in Cornell's College of Arts and Sciences at Cornell University. He has also served as a Peace Corps volunteer in rural Nepal, chief economist for the Civil Aeronautics Board, fellow at the Center for Advanced Study in the Behavioral Sciences, and was Professor of American Civilization at École des hautes études en sciences sociales in Paris. Professor Frank's books include Choosing the Right Pond, Passions within Reason, Microeconomics and Behavior, Luxury Fever, and What Price the Moral High Ground? The Winner-Take-All Society, co-authored with Philip Cook, was named a Notable Book of the Year by The New York Times, and was included in Business Week's list of the ten best books for 1995. Professor Frank holds a BS in mathematics from the Georgia Institute of Technology. He also holds an MA in statistics and a PhD in economics, both from UC Berkeley.