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Send us a textWhat if modern economics has overlooked what truly makes us human?In this episode, Bart Wilson joins us to explore humanomics—an approach to economics that reintroduces meaning, culture, and moral judgment into how we understand economic behavior.We talk about how economists miss the mark by assuming too much about how rational we really are—and too little about what it means to be human.Wilson shares insights from his experimental work with non-human primates, showing how comparing monkey behavior to human decision-making can reveal deep truths about markets, cooperation, and fairness.We explore big questions all economists should grapple with: What is humanomics, and how does it challenge traditional models? What makes human goals different from animal instincts? Can monkeys and other animals help us understand moral behavior in economics?Bart Wilson is a professor of Economics and Law at Chapman University and the Director of the Smith Institute for Political Economy and Philosophy. He is the co-author (with Vernon Smith) of Humanomics and the author of Meaningful Economics. His research spans experimental economics, moral philosophy, and decision-making in both humans and non-human primates.Join us for a wide-ranging and thought-provoking conversation about the future of economics, human nature, and what monkeys can teach us about meaning.Want to explore more?Maria Pia Paganelli, "Humanomics: Moral Sentiments and Wealth of Nations for the Twenty-First Century," at Econlib.Vernon Smith on Markets and Experimental Economics, an EconTalk podcast.From the Shelf with Arnold Kling: Bart Wilson, Jack Hope, and Chris Martin, a discussion of Nichaol Raihani's The Social Instinct.Charles Noussair on Experimental Economics and Testing Institutions, a Great Antidote podcast.Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
What's the name of the ship again??John, Cam, and Jesse are joined by artist Vernon Smith to discuss the culmination of the very long very detailed life of Ariam!Follow Vernon on Instagram!Send your voice hail to OPNSign up for the OPN NewsletterVisit our new website OpenPike.comPlease Check out our MerchSupport us on PatreonFollow @openpike on TwitterFollow OpenPike on InstagramFollow Openpike on Youtube
She's an economist, an institution-builder, an ecosystem-nurturer and one of our finest thinkers. Shruti Rajagopalan joins Amit Varma in episode 410 of The Seen and the Unseen to talk about her life & times -- and her remarkable work. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Shruti Rajagopalan on Twitter, Substack, Instagram, her podcast, Ideas of India and her own website. 2. Emergent Ventures India. 3. The 1991 Project. 4. Life Lessons That Are Priceless -- Episodes 400 of The Seen and the Unseen. 5. Other episodes of The Seen and the Unseen w Shruti Rajagopalan, in reverse chronological order: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18. 6. The Day Ryan Started Masturbating -- Amit Varma's newsletter post explaining Shruti Rajagopalan's swimming pool analogy for social science research. 7. A Deep Dive Into Education -- Episode 54 of Everything is Everything. 8. Fixing Indian Education — Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 9. Population Is Not a Problem, but Our Greatest Strength -- Amit Varma. 10. Our Population Is Our Greatest Asset -- Episode 20 of Everything is Everything. 11. Where Has All the Education Gone? -- Lant Pritchett. 12. Lant Pritchett Is on Team Prosperity — Episode 379 of The Seen and the Unseen. 13. The Theory of Moral Sentiments — Adam Smith. 14. The Wealth of Nations — Adam Smith. 15. Commanding Heights -- Daniel Yergin. 16. Capitalism and Freedom -- Milton Friedman. 17. Free to Choose -- Milton Friedman and Rose Friedman. 18. Economics in One Lesson -- Henry Hazlitt. 19. The Road to Serfdom -- Friedrich Hayek. 20. Four Papers That Changed the World -- Episode 41 of Everything is Everything. 21. The Use of Knowledge in Society -- Friedrich Hayek. 22. Individualism and Economic Order -- Friedrich Hayek. 23. Understanding the State -- Episode 25 of Everything is Everything. 24. Richard E Wagner at Mercatus and Amazon. 25. Larry White and the First Principles of Money -- Episode 397 of The Seen and the Unseen. 26. Fixing the Knowledge Society -- Episode 24 of Everything is Everything. 27. Marginal Revolution. 28. Paul Graham's essays. 29. Commands and controls: Planning for indian industrial development, 1951–1990 -- Rakesh Mohan and Vandana Aggarwal. 30. The Reformers -- Episode 28 of Everything is Everything. 31. India: Planning for Industrialization -- Jagdish Bhagwati and Padma Desai. 32. Open Borders: The Science and Ethics of Immigration -- Bryan Caplan and Zach Weinersmith. 33. Cows on India Uncut. 34. Abdul Karim Khan on Spotify and YouTube. 35. The Surface Area of Serendipity -- Episode 39 of Everything is Everything. 36. Objects From Our Past -- Episode 77 of Everything is Everything. 37. Sriya Iyer on the Economics of Religion -- The Ideas of India Podcast. 38. Episodes of The Seen and the Unseen with Ramachandra Guha: 1, 2, 3, 4, 5, 6. 39. Episodes of The Seen and the Unseen with Pratap Bhanu Mehta: 1, 2. 40. Rohit Lamba Reimagines India's Economic Policy Emphasis -- The Ideas of India Podcast. 41. Rohit Lamba Will Never Be Bezubaan — Episode 378 of The Seen and the Unseen. 42. The Constitutional Law and Philosophy blog. 43. Cost and Choice -- James Buchanan. 44. Philip Wicksteed. 45. Pratap Bhanu Mehta on The Theory of Moral Sentiments -- The Ideas of India Podcast. 46. Conversation and Society — Episode 182 of The Seen and the Unseen (w Russ Roberts). 47. The Common Sense of Political Economy -- Philip Wicksteed. 48. Narendra Shenoy and Mr Narendra Shenoy — Episode 250 of The Seen and the Unseen. 49. Sudhir Sarnobat Works to Understand the World — Episode 350 of The Seen and the Unseen. 50. Manmohan Singh: India's Finest Talent Scout -- Shruti Rajagopalan. 51. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 52. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 53. The Forgotten Greatness of PV Narasimha Rao — Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 54. India's Massive Pensions Crisis — Episode 347 of The Seen and the Unseen (w Ajay Shah & Renuka Sane). 55. The Life and Times of KP Krishnan — Episode 355 of The Seen and the Unseen. 56. Breaking Through — Isher Judge Ahluwalia. 57. Breaking Out — Padma Desai. 58. Perestroika in Perspective -- Padma Desai. 59. Shephali Bhatt Is Searching for the Incredible — Episode 391 of The Seen and the Unseen. 60. Pics from the Seen-Unseen party. 61. Pramod Varma on India's Digital Empowerment -- Episode 50 of Brave New World. 59. Niranjan Rajadhyaksha Is the Impartial Spectator — Episode 388 of The Seen and the Unseen. 60. Our Parliament and Our Democracy — Episode 253 of The Seen and the Unseen (w MR Madhavan). 61. Episodes of The Seen and the Unseen with Pranay Kotasthane: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13. 62. The Overton Window. 63. When Ideas Have Sex -- Matt Ridley. 64. The Three Languages of Politics — Arnold Kling. 65. Arnold Kling and the Four Languages of Politics -- Episode 394 of The Seen and the Unseen. 66. The Double ‘Thank You' Moment — John Stossel. 67. Economic growth is enough and only economic growth is enough — Lant Pritchett with Addison Lewis. 68. What is Libertarianism? — Episode 117 of The Seen and the Unseen (w David Boaz). 69. What Does It Mean to Be Libertarian? — Episode 64 of The Seen and the Unseen. 70. The Libertarian Mind: A Manifesto for Freedom -- David Boaz. 71. Publish and Perish — Agnes Callard. 72. Classical Liberal Institute. 73. Shruti Rajagopalan's YouTube talk on constitutional amendments. 74. What I, as a development economist, have been actively “for” -- Lant Pritchett. 75. Can Economics Become More Reflexive? — Vijayendra Rao. 76. Premature Imitation and India's Flailing State — Shruti Rajagopalan & Alexander Tabarrok. 77. Elite Imitation in Public Policy — Episode 180 of The Seen and the Unseen (w Shruti Rajagopalan and Alex Tabarrok). 78. Invisible Infrastructure -- Episode 82 of Everything is Everything. 79. The Sundara Kanda. 80. Devdutt Pattanaik and the Stories That Shape Us -- Episode 404 of The Seen and the Unseen. 81. Y Combinator. 82. Space Fields. 83. Apoorwa Masuk, Onkar Singh Batra, Naman Pushp, Angad Daryani, Deepak VS and Srijon Sarkar. 84. Deepak VS and the Man Behind His Face — Episode 373 of The Seen and the Unseen. 85. You've Got To Hide Your Love Away -- The Beatles. 86. Caste, Capitalism and Chandra Bhan Prasad — Episode 296 of The Seen and the Unseen. 87. Data For India -- Rukmini S's startup. 88. Whole Numbers And Half Truths — Rukmini S. 89. The Moving Curve — Rukmini S's Covid podcast, also on all podcast apps. 90. The Importance of Data Journalism — Episode 196 of The Seen and the Unseen (w Rukmini S). 91. Rukmini Sees India's Multitudes — Episode 261 of The Seen and the Unseen (w Rukmini S). 92. Prosperiti. 93. This Be The Verse — Philip Larkin. 94. The Dilemma of an Indian Liberal -- Gurcharan Das. 95. Zakir: 1951-2024 -- Shruti Rajagopalan. 96. Dazzling Blue -- Paul Simon, featuring Karaikudi R Mani. 97. John Coltrane, Shakti, Zakir Hussain, Ali Akbar Khan, Pannalal Ghosh, Nikhil Banerjee, Vilayat Khan, Bismillah Khan, Ravi Shankar, Bhimsen Joshi, Bade Ghulam Ali Khan, Nusrat Fateh Ali Khan, Esperanza Spalding, MS Subbulakshmi, Lalgudi Jayaraman, TN Krishnan, Sanjay Subrahmanyan, Ranjani-Gayatri and TM Krishna on Spotify. 98. James Buchanan, Gordon Tullock, Israel Kirzner, Mario Rizzo, Vernon Smith, Thomas Schelling and Ronald Coase. 99. The Calculus of Consent -- James Buchanan and Gordon Tullock. 100. Tim Harford and Martin Wolf. 101. The Shawshank Redemption -- Frank Darabont. 102. The Marriage of Figaro in The Shawshank Redemption. 103. An Equal Music -- Vikram Seth. 104. Beethoven: Symphony No. 7 - Zubin Mehta and the Belgrade Philharmonic. 105. Pyotr Ilyich Tchaikovsky's violin concertos. 106. Animal Farm -- George Orwell. 107. Down and Out in Paris and London -- George Orwell. 108. Gulliver's Travels -- Jonathan Swift. 109. Alice in Wonderland and Through the Looking Glass -- Lewis Carroll. 110. One Day in the Life of Ivan Denisovich -- Aleksandr Solzhenitsyn. 111. The Gulag Archipelago -- Aleksandr Solzhenitsyn. 112. Khosla Ka Ghosla -- Dibakar Banerjee. 113. Mr India -- Shekhar Kapur. 114. Chalti Ka Naam Gaadi -- Satyen Bose. 114. Finding Nemo -- Andrew Stanton. 115. Tom and Jerry and Bugs Bunny. 116. Michael Madana Kama Rajan -- Singeetam Srinivasa Rao. 117. The Music Box, with Laurel and Hardy. 118. The Disciple -- Chaitanya Tamhane. 119. Court -- Chaitanya Tamhane. 120. Dwarkesh Patel on YouTube. Amit Varma and Ajay Shah have launched a new course called Life Lessons, which aims to be a launchpad towards learning essential life skills all of you need. For more details, and to sign up, click here. Amit and Ajay also bring out a weekly YouTube show, Everything is Everything. Have you watched it yet? You must! And have you read Amit's newsletter? Subscribe right away to The India Uncut Newsletter! It's free! Also check out Amit's online course, The Art of Clear Writing. Episode art: ‘Learn' by Simahina.
Vernon Smith is an artist with IDW, working on titles like Star Trek #500 and the TMNT Halloween Special. He and I are going to talk Trek, Ninja Turtles, as well as his early experiences as a fan reading about Superboy and the Legion. Vernon and I also can't resist swapping Con tales about STTC, STLV, STSF, Dallas, and I even break down and tell my Klingon Jesus story. — See Show Notes at www.AaronBossig.com Follow me on BlueSky & Instagram - @AaronBossig
Comic Reviews: DC o Plastic Man No More! 1 by Christopher Cantwell, Alex Lins, Jacob Edgar, Marcelo Maiolo o Trinity Special: World's Finest 1 by Tom King, Belen Ortega, Alejandro Sanchez, Tamra Bonvillain o Poison Ivy 25 by G. Willow Wilson, Marcio Takara, Arif Prianto; Joanna Starer, Haining, Ivan Plascencia; Grace Ellis, Brian Level, Arif Prianto; Gretchen Felker-Martin, Atagun Ilhan, Deborah Villahoz; Dan Watter, Dani, Brad Simpson Marvel o Deadpool Team-Up 1 by Rob Liefeld, Chance Wolf o Exceptional X-Men 1 by Eve Ewing, Carmen Carnero, Nolan Woodard o Marvel Zombies: Dawn of Decay 1 by Thomas Krajewski, Jason Muhr, Rachelle Rosenberg o Moon Knight Annual by Dan Watters, Marco Renna, Rachelle Rosenberg o Star Wars: The Acolyte – Kelnacca 1 by Cavan Scott, Marika Cresta, Jim Campbell o What If…? Donald Duck Became Thor 1 by Steve Behling, Riccardo Secchi, Giada Perissinotto, Lucio Ruvidotti o Marvel Unlimited § Alligator Loki 37 by Alyssa Wong, Bob Quinn, Pete Pantazis § Lovable Lockheed 1 by Nathan Stockman § X-Men: From the Ashes Boom o Farscape 25th Anniversary Special by Sina Grace, Jackson Lanzing, Collin Kelly, Zac Thompson, Sarah Gailey, Keith DeCandido, Stefano Simeone, Francesco Mortarino, French Carlomagno o Firefly: Malcolm Reynolds Year One 1 by Sam Humphries, Giovanni Fabiano, Gloria Martinelli o Minor Arcana 1 by Jeff Lemire Dark Horse o Star Wars: The High Republic Adventures – Echoes of Fear 1 by George Mann, Vincenzo Riccardo, Vincenzo Federici, Michael Atiyeh o Star Wars: The High Republic Adventures Phase III – Crash and Burn 1 by Daniel Jose Older, Nick Brokenshire, Michael Atiyeh IDW o Star Trek 500 by Jordan Blum, Patton Oswalt, Leonard Kirk, Lee Loughridge; Jody Houser, Vernon Smith, Charlie Kirchoff; Stephanie Williams, Tench, JP Jordan; Mike Chen, Angel Hernandez, Nick Filardi; Magdalene Visaggio, Megan Huang, Charlie Kirchoff; Morgan Hampton, Megan Levens, Charlie Kirchoff; Jackson Lanzing, Collin Kelly, Christopher Cantwell, Davide Tinto, Lee Loughridge Image o Lady Mechanika: The Devil in the Lake 1 by Joe Benitez, M.M. Chen, Siya Oum, Beth Sotelo Archie o Sabrina the Teenage Witch Annual Spectacular by Ian Flynn, Steven Butler, Lily Butler, Glenn Whitmore Mad Cave o Flash Gordon Quarterly 1 by Dennis Culver, Pasquale Qualano, Mark Englert o Prairie Gods 1 by Shane Connery Volk Oni o Autumn Kingdom 1 by Cullen Bunn, Christopher Mitten, Francesco Segala ComiXology o Princess Paradox by Taran Baker, Nadine Scholtes Titan o Conan the Barbarian: The Battle of the Black Stone 1 by Ian Flynn, Steven Butler, Lily Butler, Glenn Whitmore OGN Countdown o Olaf's Complete Comic Collection o Evelyn and Avery: The Art of Friendship by Elle Pierre o Goosebumps: The Haunted Mask by R.L. Stine, Maddi Gonzalez o Double Booking: The Tail of the Mummy Cat by Chas! Pangburn, Kim Shearer o Neptune by Michael Conrad, Nathan Goten, Kyle Arends o Undergrowth by Ricky Lima, Daniele Aquilani o Yahgz vol 2: the Gwash War by Art Baltazar o Breaking the Chain: The Guard Dog Story by Patrick McDonnell o Knots by Colleen Frakes o Pathways: The Chronicles of Tuvana by Elaine Tipping o Sea Serpents Heir Vol 3: Queen of Mercy by Mairghread Scott, Pablo Tunica o Mismatched by Anne Camlin, Isadora Zeferino o Luminous Beings by David Arnold, Jose Pimienta o Life Really Socks: Into the Sock-Verse by Shidan Youssefian, Roshan Youssefian, Mahui Duque o Doña Quixote: Flight of the Witch by Rey Terciero, Monica Magaña o Taxi Ghost by Sophie Escabasse Additional Reviews: Beetlejuice Beetlejuice, Redwall, Catching Up pilot, Secret of NIMH News: new Star Trek event, more screwy comic release schedules, Ice Cream Man TV series in development, WB games being sold, James Earl Jones, Spider-Man 4 director Trailers: Minecraft, Uzumaki, Wolf Man Comics Countdown (04 September 2024): 1. Animal Pound 5 by Tom King, Peter Gross, Tamra Bonvillain 2. Minor Arcana 1 by Jeff Lemire 3. Ultimates 4 by Deniz Camp, Phil Noto 4. Blood Brothers Mother 2 by Brian Azzarello, Eduardo Risso 5. Penguin 12 by Tom King, Rafael de Latorre 6. Birds of Prey 13 by Kelly Thompson, Gavin Guidry, Jordie Bellaire 7. Public Domain 8 by Chip Zdarsky 8. Boy Wonder 5 by Juni Ba, Chris O'Halloran 9. Spider-Boy 11 by Dan Slott, Paco Medina, Erick Arciniega 10. Rook: Exodus 5 by Geoff Johns, Jason Fabok, Brad Anderson
Nobel Prize-winning economist explains how a 300 y/o model predicted Uber, with Vernon Smith, Nobel Prize-winning Economist Spontaneous order means the "spontaneous emergence of order out of seeming chaos," and it's something we see daily in both our social and economic lives. Nobel Prize winner Vernon Smith believes that we see spontaneous order much more often in our everyday social and economic life than we know - such as in the form of apps like Uber and Lyft. The founders of both ride-share platforms understood that one algorithm could digitally encompass the thousands of cab companies, taxi drivers, and passengers, creating a streamlined process out of something that once seemed so complex, dispersed, and chaotic. Today, these customary transportation apps not only make our lives simple and organized but modern-day spontaneous order in action. This video was created in partnership with the Institute for Humane Studies. --------------------------------------------------------------- About Vernon Smith: Vernon L. Smith was awarded the Nobel Prize in Economic Sciences in 2002 for his groundbreaking work in experimental economics. Dr. Smith is a distinguished fellow at the Institute for Humane Studies, has joint appointments with the Argyros School of Business and Economics and the Fowler School of Law at Chapman University. He has authored or coauthored more than 350 articles and books on capital theory, finance, natural resource economics and experimental economics. About Big Think | Smarter Faster™ ► Big Think The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century. Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business ---------------------------------------------------------------------------------- Learn more about your ad choices. Visit megaphone.fm/adchoices
Send us a Text Message.Charles Noussair is the Eller Professor of Economics at the University of Arizona and the Director of the Economic Science Laboratory. He also serves as the President of the Economic Science Association. Today, we talk about experimental economics, how it complements other types of economic research, and how economic experiments are conducted. He tells us about a recent macro experiment that tests institutions for growth and welfare, such as electoral systems, political speech, and corruption. He explains the difference between extractive and inclusive economic institutions. Finally, he explains how experimental economics applies to everyone's lives, not just to economists.Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
This episode of the Performance Initiative Podcast with Drs. Grant Cooper and & Zinovy Meyler combines insights from Nobel Laureate Vernon Smith and the principles of Adam Smith to explore a range of economic themes, including the implications of Universal Basic Income (UBI), the impact of government policies on inflation, banking, and the housing market, and the evolution of labor and automation. Vernon discusses the historical and future trajectories of economic policies, the importance of free markets, innovation, and the potential of cryptocurrencies. Additionally, he reflects on the benefits of UBI in comparison to retirement incomes, the value of practical skills over formal education, and the role of government in major infrastructures like highways. Grant, Zinovy and Vernon also delve into the human aspect of economics, emphasizing the significance of empathy, social cooperation, and the moral sentiments that guide societal interactions and economic transactions, as highlighted through the theories of Adam Smith. The podcast concludes by addressing the factors that contribute to longevity and productivity, emphasizing a life deeply engaged with personal interests and societal contributions.(00:00) Introduction(02:24) Vernon Smith's Insights on Economics, Social Safety Nets, and Personal History(11:48) Exploring the Dynamics of Minimum Wage and Early Work Experiences(14:56) The Evolution of the B29 and Lessons in Innovation(17:21) The Role of Social Safety Nets and Private Initiatives(20:40) Government Spending, Inflation, and the Economy's Future(46:18) The Housing Market, Bubbles, and Economic Cycles(50:20) Biotech Investments and the Potential of Bitcoin(01:09:54) Exploring Inflation and Government Spending(01:11:56) The Impact of COVID-19 on Supply and Demand(01:13:09) Government's Role in Regulation and Free Markets(01:14:55) The Debate on Food Safety and Government Intervention(01:27:51) Automation, Jobs, and the Future of Work(01:30:16) Universal Basic Income: Necessity or Inevitability?(01:34:17) Investment Strategies and Economic Predictions(01:38:40) Reflecting on Historical Figures and Economic Theories(01:44:18) The Evolution of Economic Thought and Practice(01:44:25) Adam Smith's Enduring Influence on Economics(02:16:36) The Future of Economics and Societal DevelopmentVernon L. Smith is a renowned American economist and professor, celebrated for his pioneering contributions to experimental economics, a field he helped establish. Born in 1927, Smith's innovative work involves using controlled experiments to study how people make economic decisions, which challenged traditional economic theories that relied heavily on mathematical models and assumptions of rational behavior. His groundbreaking research has provided profound insights into market mechanisms, auction designs, and the behavior of economic agents, earning him the Nobel Memorial Prize in Economic Sciences in 2002 alongside Daniel Kahneman. Smith's career spans several decades, during which he has held academic positions at various prestigious institutions, published extensively, and remained a vocal advocate for understanding the practical implications of economic policies and theories on everyday life.#VernonSmith #BehavioralEconomics #FinancialCrisis #EconomicInsights #FiscalPolicy #SupplyChain #Podcast #FinancialLiteracy #Investing #NobelPrize #EconomicHistory #PublicPolicy #PerformanceInitiative #EconomicTheorySocials:YouTube: https://www.youtube.com/channel/UCKPNCI1-HBSZmiHNAlAjiIwWebsite: https://www.performanceinitiativepodcast.com/Instagram: https://www.instagram.com/performanceinitiativeTikTok: https://www.tiktok.com/@performanceinitiative
In this episode, host Brian VanHooker interviews artist Vernon Smith, who did one of the covers for IDW Comics' Teenage Mutant Ninja Turtles Saturday Morning Adventures Halloween Special, coming out October 11, 2023. Smith talks about developing his cover, the classic influences on his style and rejected ideas. Sound Engineering by Ian Williams
Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Copenhagen Consensus Center's newest research on global poverty - we should be talking about this, published by alamo 2914 on September 5, 2023 on The Effective Altruism Forum. The Copenhagen Consensus Center (CCC) is a non-profit think-tank, that has published economic cost-benefit analyses on global issues since 2004. It is headed by Bjørn Lomborg. In the chronological history of prominent effective altruists, I think he is the 2nd behind Peter Singer (but that's besides the point). The CCC has high standards of research, and has employed top economists since its inception, including Nobel Prize winners. It has previously published large reports in 2o04, 2008, 2012 & 2015. It's recommendations were usually similar to the ones in the EA movement (child nutrition, immunization, malaria, deworming etc.), but with a larger focus on economic policy. About 4 months ago, the CCC has published its Halftime for the Sustainable Development Goals 2016-2030. A book based on this report has received good reviews from the chief economist of the world bank, Nobel Prize winning economist Vernon Smith, and Bill Gates. Anyways, the report mentions some interventions that are seldom, or even never, talked about in the EA community, along with other more familiar ones. The things that I've barely/never seen EA talk about are land tenure security, e-procurement and agricultural R&D. Agricultural R&D is good for obvious reasons. Land tenure is interesting - according to CCC: Globally, 70 percent of the world's population has no access to formal land registration systems. One-in-five, or almost a billion people, consider it likely or very likely they will be evicted in the next five years. [...] When farmers know they own their land, they are more willing to make expensive investments to increase long-term productivity. They can also use their land deed as collateral to borrow money for investments like farm equipment or property expansion. [...] The researchers show that the total benefits of providing more secure urban tenure would therefore be about $160 billion, or 30-times the costs. e-procurement is also interesting: In the countries where the poorer half of the world's population lives, procurement makes up an astounding half of all government expenditure. This procurement can be made less corrupt and more effective by putting the whole system online, making it transparent. Electronic procurement or "e-procurement" lets many more companies hear about procurement offers, ensures more bids can be submitted and means governments lose less money through corruption and waste. [...] For each dollar spent, the low-income country will realize savings worth $38. For lower-middle income countries, the average savings are more than $5 billion over the first 12 years, meaning each dollar spent creates more than $300 of social benefits. This makes e-procurement one of the world's most effective policies. Thanks for listening. To help us out with The Nonlinear Library or to learn more, please visit nonlinear.org
"The greatest thing that ever happened to me was to be born in a free country of modest means and to have opportunities," says the Nobel Prize–winning economist.
Vernon Smith received the 2002 Nobel Prize in Economic Sciences for his pioneering work in experimental economics. I caught up... The post Nobel Prize–Winning Economist: Democrats Are Committed 'To Spending Other People's Money' appeared first on Reason.com.
Who is Alex?Founder and host of the largest online risk management and decision making conference. RISK AWARENESS WEEK is the biggest global online platform to learn risk management and decision making. Amazing lineup of international speakers share practical case studies on integrating risk management into corporate decision making, planning, budgeting, project management and risk-adjusted performance management. Our aim is to bring together best quantitative risk management practices in a easy to understand and practical fashion for a fraction of the price. You can watch the workshops live or in replay on your phone, computer or tablet. More than 10000 participants watched RAW workshops over the last 3 years, don't miss this opportunity to upgrade your risk game. The workshops will be of value to decision makers and risk professionals alike.Key Takeaways[1] How do you use risk information to help your environmental team build better business cases for the things they need to change?[2] Humans brains are good at pretending that things don't exist, even though the risk is real and obvious to everyone, our human brain still thinks of ways to justify doing nothing to us. [3] Risk awareness week for me to became kind of this fresh breath of air, where I brought in scientists, NASA engineers, oil and gas engineers, you had people who actually did something that made a huge difference. And no consulting talk, no hypotheticals, you know how the future is bright. And you know, we'll save the planet. Just very pragmatic, very practical, simple things that everybody needs to understand about making decisions under uncertainty.Valuable Free Resource or Actionhttps://2022.riskawarenessweek.comA video version of this podcast is available on YouTube : _________________________________________________________________________________________________Subscribe to our newsletter and get details of when we are doing these interviews live at https://TCA.fyi/newsletterFind out more about being a guest at : link.thecompleteapproach.co.uk/beaguestSubscribe to the podcast at https://link.thecompleteapproach.co.uk/podcastHelp us get this podcast in front of as many people as possible. Leave a nice five-star review at apple podcasts : https://link.thecompleteapproach.co.uk/apple-podcasts and on YouTube : https://link.thecompleteapproach.co.uk/Itsnotrocketscienceatyt!Here's how you can bring your business to THE next level:If you are a business owner currently turning over £/$10K - £/$50K per month and want to grow to £/$100K - £/$500k per month download my free resource on everything you need to grow your business on a single page : It's a detailed breakdown of how you can grow your business to 7-figures in a smart and sustainable way————————————————————————————————————————————-TranscriptNote, this was transcribed using a transcription software and may not reflect the exact words used in the podcast)SUMMARY KEYWORDSrisk, risk management, people, awareness, called, uncertainty, thinking, alex, decisions, choices, averages, scientists, calculators, business, book, irrational, mathematicians, predictably, dot, electricityStuart Webb 00:23Hi and welcome back to it's not rocket science five questions over coffee I'm here today with Alex Sidorenko. I have in front of me my coffee, I better not show you the, the design on the front, it will be advertising, we don't do that sort of thing. So you've got your coffee in front of you, that's great to see Alex run something called risk awareness week and is is really quite important because risk is something I don't think nearly enough. People take seriously in their business risks are around us everywhere. And not a lot of people sort of think about them and and measure them and then do something about them. That's the key thing. It's all very well knowing about risks. But it's then what do you do about it? How do you actually deal with it? So really delighted to have Alex here and have a really interesting conversation about this. Alex, welcome to It's not rocket science, five questions over coffee.Alex Sidorenko 01:13Thank you, and welcome to your listeners.Stuart Webb 01:15Thank you. Listen, Alex, tell me who is your who is the sort of ideal person that you're trying to reach? With your business? What is it? What is what is it that they're doing?Alex Sidorenko 01:24Yeah, well, so me reaching somebody with a business is a bit of a stretch, because my day job is working as an executive, like a risk executive, and then large multibillion dollar corporation. And then as a hobby, I have this desire, this burning desire to share risk competency with anyone, because I think, and my experience kind of tells me that thinking about risk is something humans are very bad at. In general, whenever we make the life choices, you know, marriage, sending kids to private school, relocating, you know, buying a house versus renting, investing, all of those decisions are quite risky. There's a lot of uncertainty associated with that. And we're not very good. So my audiences, in my nine to five job, my audiences, basically, you know, board members and executives and other shareholders that I deal with, on a regular basis. And from kind of in the night, I put on my life, you'll share the video with somebody later, I have my brand in, you know, risk awareness week, hoodie on. And that's kind of my night hat, where I tried to just raise risk awareness around the world, bring this competency of thinking about risks before they happen to people.Stuart Webb 02:49So tell us a little bit about sort of the, the, if you like some of the dangers of of, of not, not not being risk aware and about not reacting to risks in the right way.Alex Sidorenko 03:05So there's, there's been a lot of fascinating research in in that area. In 2002, Daniel Kahneman and Vernon Smith got the first Nobel Prize in Economics in that area of research. And then in 2014, Richard Taylor got the second Nobel Prize in Economics for kind of continuation of that research. But basically the findings of all of this, there's this whole area of science called neuro, neuro economy, behavioural economics, neuroscience. And what this group of scientists basically studies is how does human brain process uncertainty? You know, thinking about the future thinking about choices, thinking about making decisions when the information is incomplete. And their conclusion is what a an Israeli scientists Dan Ariely calls predictably irrational. So humans in general, whenever they're faced with an uncertain choice, or a risky decision to make, they could, according to this scientists, they will predictably make irrational choices, and sometimes it's just sub optimal. But sometimes it's just playing bad, dangerous bad choices that we as humans make. And corporations are different, because the way companies traditionally planned budget forecast price pretty much ignores uncertainty. So this, this notion that you know, things are not guaranteed they're not set in stone. Somehow, this is us to most of the people on the planet skill. And whenever we're thinking about the future, we just kind of wouldn't not just not appreciate but we completely ignore the fact that there could be multiple futures the future is uncertain. And unless we can have a count for that, and discount for that and plan for various possibilities, various scenarios, we're pretty much setting ourselves for failure. So a lot of a lot of research suggests that, you know, when we look at the situation, we don't see the underlying uncertainties and risks. And even if somebody comes into the room, and tells us well, there's this risk that you haven't considered, our brain immediately starts processing excuses for discounting. And ignoring that person who came into the room to help us make a better choice. So not only we don't see things, we also resist, some, when somebody brings us things like on the plate and says, Here are the risks, and be mindful of that, we will ignore that. And which is what I found absolutely hilarious is when everybody agrees, finally, that the risks are real, and we need to do something about that our brain goes into this kind of stage where it just comes up with excuses on why somebody else needs to do something about that. But we don't, like you know, relocate, you know, move away, for example, you know, there's a big war happening in Europe. And a lot of very difficult choices need to be needed to be made. And there are a lot of people who say, Oh, I am going to stay where I am. Despite this, despite an imminent, very real threat to my livelihood. And people just going to continue to just pretending that things don't exist, even though the risk is real and obvious to everyone, our human brain still thinks of ways to justify doing nothing to us. So why risk management is important is because I think evolution design this, and there's this whole explanation, you know why we need system one thinking what Kahneman calls new because, because thinking about risks and uncertainty, it takes up a lot of energy, it takes basically a lot of glucose, it absorbs a lot of energy that we have. And we can't operate in this energy intensive mode, most of the time. So our evolution designed this to be operating in an energy preservation mode. And we're just basically we kind of idling our brain is idling, looking for some templates, quick solutions in a simple, simple answers. And unfortunately, for some non typical, scary, risky situation, those benign answers are not good enough, they're there. That's why they're predictable, but they're completely irrational.Stuart Webb 07:45So tell us about risk awareness week, the the URL that's going across the bottom of the screen just now, which is it's 2022 dot risk awareness. week.com. Tell us tell us a little bit about what what you're doing with that. And you know, are there are resources that we can learn from in order to be able to be more aware of risks in our businesses in in our lives.Alex Sidorenko 08:08So four years ago, and this is the fourth year, I'm running risk awareness weekend since then, that became kind of one of the biggest global virtual risk conferences in the world. And four years ago, way before COVID, and virtual conferences became sexy. I very much disliked travelling to various conferences now used to speak at a lot of conferences all over the world. And I'm very much just like the travel and the logistics associated with that. So I was looking for a platform that would allow me to have different speakers from all over the world and have it somewhere virtual that I can share with the rest of the world. And so finally, I've been looking for it for about five years. And finally, in 2019, I found one, which was affordable. And so I created this risk awareness week on this virtual platform. And back in the day, it was 2019 dot risk awareness week. And you can kind of follow the logic and if you could, if you go to 20 nineteen.if, you go to 20 twenty.if, you go to 2021 dot, and 2022 dot. It's it's like four different conferences, and I have another charity and winter dot, you know, charity dots, like there are a lot of risk awareness weeks, over the years. And so that, for me, was an opportunity to bring together some of the best minds in decision science, probability theory, and neuroscience, some of the best minds bring them together on a single platform, which was amazing because some of them are in Australia, others are in US and Canada. Some of them are in Africa, and all different timezones and yet, because it's a virtual platform, everybody could kind of come together. And since then, approximately four to 5000 people watch it every year from about 125 trees, which makes me very passionate and proud of that. But there's, there's the kind of the the underlying reason why I created risk awareness week is that in the risk profession, so it's for what first, it's important to understand kind of, there's this risk angle to everything you do in work. Whenever you make a decision, whenever you plan, whenever you forecast something, whenever you think about the future, there's this risk angle. But unfortunately, it's not, it's not the end of the story. Because in the risk angle, there's this whole profession called Risk Management. And that is separated into two, what I would call Well, I call it risk management, one and risk management, two, and one is astrology, and the other one is astronomy. So the other one is mathematical science based. And the astronomy and astrology side is kind of hypothetical wishful thinking beautiful colours and pictures, but has absolutely no evidence to suggest that it works. And so there's this whole management fad, just like the ESG and GRC. Like that there are a lot of management fads, behind which there are a lot of good things. But the kind of the top layer, this commercialization layer is just nonsense. So in risk management, unfortunately, we have exactly that. And most of the conferences dedicated to risk on the planet. Even if a person wants to Google risk management, just out of the blue, if they were to Google risk management, the chances are 99% of the responses in the search would be horoscopes. So astrology, like no scientific background, like just nonsense. And so risk awareness week for me to became kind of this fresh breath of air, where I brought in scientists, NASA engineers, oil and gas engineers, you had people who actually did something that made a huge difference. And no consulting talk, no hypotheticals, you know how the future is bright. And you know, we'll save the planet. Just very pragmatic, very practical, simple things that everybody needs to understand about making decisions under uncertainty.Stuart Webb 12:23Interesting, interesting, I have done a lot of work. In my previous career before I started doing what I do. Now, I was a, I was a scientist dealing with virus viruses. And obviously, one of the things we used to deal with was the the certainty that there would be a virus that would be coming along that would cause a global pandemics. And the uncertainty was when, and obviously, you know, the, the message that we've received over the last two or three years is, many governments knew that there was going to be a global pandemic, but pretty much all of them decided that they didn't really want to deal with it now, because it was too difficult and didn't want to put the money aside, et cetera, et cetera, et cetera. So I buy into a lot of what you're saying it's very difficult for people to face up to something which is a little bit uncertain. Do you really think it's going to happen? And then when does what what will you know, the the act of dealing with it is, it is not always pleasant?Alex Sidorenko 13:21Yeah, absolutely. Especially. And this is, this is one specific case study that I had with my environmental team. So I was working for this large fertiliser company, $10 billion global corporation. Very big. And one of the challenges was, how do we use risk analysis risk information to help our environmental team better build better business cases for the things that they need to change. And one of the things we did was we helped them justify water purification, additional water purification plants, because the water pollution was too significant. And it goes back to how well you kind of you sell the message or you communicate the message, because they've been trying to get approval for this. And it was like a $20 million investment. So not a small, it was a it was quite a sizable investment. And they spent years trying to justify the need to implement these controls and to build the water purification plant. Until we came and helped them to show that the risk exposure that the business was sitting on was about $300 million. And by spending 20, they actually ended up reducing risk exposure to I can't remember 50 or 10 10 million so they we helped them and this is what risk management does. It helps you quantify uncertainty and put it in some sort of measurable terms. And then many decisions that you had a lot of unease and discomfort about made can become a no brainers because you're saying, Well, essentially on 300 million exposure that could hit your business cashflow. Today, tomorrow, or every day, you don't deal with this problem. And then you have this much cost to get rid of this exposure, not completely, but you reduce the exposure quite significantly. And then it kind of becomes an almost no brainer than why you need to spend the money to mitigate the risk. So this is what risk management is about. It's not only just kind of bringing to the surface, what the underlying risks are, but also helping to package the risks into something that business understands.Stuart Webb 15:38Brilliant. Yeah, Alex has ever been a particular book or a concept other than sort of Daniel Kahneman, some of the some of the, the Nobel Prize winners, you know, I really appreciate some of the, some of the work they've done to to to, to justify their Nobel Nobel Prizes in memorial of Nobel the economic prizes, in memoriam of Nobel so, so other other books or concepts that are really sort of driven some of your some of your thinking and some of your inspiration.Alex Sidorenko 16:13So because the kind of the science of risk management is sitting on three pillars, the the math, the psychology and the decision science, I have kind of two different books that I recommend. So one is on the psychology side, and it's by this Israeli scientists that I mentioned called Dan Ariely. Now it's called predictably irrational. It's it's, despite the fact that and I think this is very fitting for the name of the podcasts, despite the actual underlying neuroscience being very complex and very difficult and quite questionable in some of the conclusions that they make. Dan Ariely does a very good job of popularising it, because some of the findings and his book is like very easy to read very basic introductory level into the concept and the book is called predictably irrational. So it's very easy to find, and he shares a lot of like very domestic cases, you know, why do we buy a new mobile phone? You know, why do we always overspend on vacuum cleaners or cause which is completely stupid, but we still do it. And there's like, there's a scientific explanation where we do it. So that's one on the, on the psychology generally predictably irrational. And on the other side, a book that I highly recommend is by Sam Savage, in us called flaw of averages. And it's more business driven. There's basically in the back in 1904, or 1906, the Danish mathematician, came up with this theory called Jensen's inequality, but you don't need to know that because people already simplified it all for for the average reader. So he came with basically with a mathematical theory, which says that whenever you think about uncertain future, and you're trying to try and dumb it down to a single scenario, like whenever you build a business plan, or budget, and you have single point estimates, especially if you're if those estimates are your averages, you're pretty much setting up yourself for failure, because you're ignoring all of this volatility in your business plan. And you're making not just suboptimal, sometimes really, really bad decisions. And so if law of averages is basically Sam's attempt to but by the way, Sam is a speaker at the risk awareness week and has been since the very inception of 2019. He's a very famous dude and fascinating speaker in us. And so his book flaw of averages, is kind of is very nice introduction into the topic of risk management on why whenever you plan your next trip to a holiday destination, why or whenever you know, the planet wedding budget, you shouldn't use single point estimates. And you should use ranges instead, by the way that I for one had like a whole monte-carlo Like mathematical model for my wedding budget, which my wife absolutely loved. I'm being sarcastic. She did not. But yeah, I am weird in that way I model most of the things in my life.Stuart Webb 19:44I'm sorry to hear that. But it's something that I'm sure we can get you some tablets, but that I've asked you. I've asked you some questions. And I'm sure there's one question that you're currently thinking. He hasn't asked me about or he hasn't asked the question that's really critical here. So tell you what, for my final question, My question to you is, what's the question I should have asked you? And then once you've answered once you've asked that question, you better answer it. Otherwise, we'll never know what it was what the answer to that question.Alex Sidorenko 20:11So I think in the very fitting in the context of this podcast, the reality is that the underlying science of risk management is rocket science, it is actually very difficult. And your probability theory is actually quite complex. There's, there's kind of there's no dancing around that. But the good news, and, you know, so the question, I wish people asked me more often, that I don't have a PhD in mathematics. And then what do I do? And my answer to that is that think of risk management, just like you think about electricity. Most people on the planet have no idea how electricity is generated. And yet, we have no problem using it. And this is what we, you know, in risk management we call generators and users, we have mathematicians who generate uncertainty distributions, and they forecast and they help you model they build models, they build calculators. And there's a very small percentage of those people go there. These are the people that sit in kind of their basements of pentagon and large corporations have like one or two of these people, they usually very kind of hardcore mathematicians, and they do their own stuff. But that doesn't mean that you need to become like one of them, which is actually impossible for anybody to become a math genius, unless you kind of you've spent your whole career doing that. But that's not that shouldn't stop you from using the risk information and thinking about risk, because as the user, you have no trouble switching on lights, and using electricity. It's exactly the same way with risk analysis. We are trying and this is what risk awareness week is kind of all about. We're trying to create templates and calculators and site sample data points, that you can just put it and put it into into your business plans into your forecast, you can use that to help you make decisions, we have calculators, and sample models for most kinds of problems out there that somebody who is very knowledgeable he is built. And then we just want more people to use it, just like they started using electricity. The only difference is that electricity used to be really, really expensive, you know, using risk analysis and probability isn't really expensive at all. And it's actually much more much more accessible. So the kind of the final message that I want to get across is this is not privileged to some mathematical genius is subsidy in some way in the world. It just if you're not one, it just means you need to find somebody who's done all the pre work. And then you just reap the benefits of, of risk analysis in your work. Whenever you next make an investment decision. Whenever you make your next forecast budget or sales plan. Or you forecast you know, you think about your next budget for your trip or you know, deciding whether you want to buy a house or rent a house. There is probably a math genius who already done all the all the work and then you can just reap the benefit of using using the calculator.Stuart Webb 23:29Brilliant. Alex, this has been a really fascinating discussion, I really, I urge you all go to risk awareness. week.com 2022. But 2019 2021 22 You're gonna get to see some of those some of those talks, the discussions. And it's been a fascinating hearing your take on this, it is a subject which is just not as well understood as it should be. I appreciate just how much effort you're putting into trying to raise the awareness of risk. Aren't you doing a great job? Thank you very much. Thanks, Jordan. Listen, if you'd like to get onto our mailing list to hear so I send out an email once a week saying who's going to be on the on the show this week, giving you the opportunity to tune in live ask questions if you want to you if you want to get onto that mailing list, go to https colon forward slash forward slash TCA dot FYI keep it nice and simple. For those of us that don't have PhDs in math, TCA dot FYI, forward slash subscribe, get onto that list and so that you can see the interesting people coming up. People like Alex, Alex, thank you so much for spending sort of 20 Minutes with Us really appreciate this. And I'm sure we're gonna get a few more people at that risk awareness week. Next time. Thank you. Get full access to It's Not Rocket Science! at thecompleteapproach.substack.com/subscribe
In this episode, Hettie V. Williams discusses empowering young Black males with Dr. Vernon Smith. Williams is an Associate Professor of African American History in the Department of History and Anthropology at Monmouth University and Smith is Assistant Professor in the Department of Educational Counseling and Leadership. Smith teaches courses centered on social justice advocacy in educational counseling and has published several papers on the subject including in the Journal of Professional School Counseling, The Family Journal, and in the Journal of School Counseling. He is a passionate scholar and teacher interested in the issues concerning Black youth in the African Diaspora. Smith has worked to develop and create Empowering Young Black Males Leadership Mentoring Program that has serviced dozens of Black youth out of the Neptune High School by pairing these young men with Monmouth University students. This is the focus of our conversation today.
What can we learn from a professional former chess player, PhD in Economics at Purdue University who worked with Dr. Vernon Smith, Nobel Prize winner in Economics, award-winning global behavioral SME in economics, and current Advisor for President Zelenskyy, to name a few?In this value-packed episode, we discuss with Roman Sheremeta the following:· Current State & Overview of the Global Economy· Current State & Overview of the War in Ukraine· Leadership Current & Future Landscape· Call For Action: Urgent Support To UkraineSince the Russian invasion of Ukraine, Roman has been actively involved in delivering humanitarian aid to Ukraine and working on various initiatives to rebuild Ukraine. He is a Co-Chair of Ukrainian-American House and a Founding Member of the Global Ukraine Foundatio.Buckle Up, Champions! You Can't Miss This Value Packed Episode.
Missionary, Vernon Smithn
What can we learn from a professional former chess player, PhD in Economics at Purdue University who worked with Dr. Vernon Smith, Nobel Prize winner in Economics, award-winning global behavioral SME in economics, and current Advisor for President Zelenskyy, to name a few? In this value-packed episode, we discuss with Roman Sheremeta the following: · Current State & Overview of the Global Economy · Current State & Overview of the War in Ukraine · Leadership Current & Future Landscape · Call For Action: Urgent Support To Ukraine Since the Russian invasion of Ukraine, Roman has been actively involved in delivering humanitarian aid to Ukraine and working on various initiatives to rebuild Ukraine. He is a Co-Chair of Ukrainian-American House and a Founding Member of the Global Ukraine Foundatio. Buckle Up, Champions! You Can't Miss This Value Packed Episode.
Back in 1957 the Eldorado Brougham was the fanciest Cadillac you could buy: So luxurious, it cost more than a Rolls Royce. And, it was an example from a collector in Swift Current that just took 'best of show' at the Cobble Beach competition in Ontario. (Anthony Germain with Vernon Smith)
We are in the mood for a celebration because it's our 200th episode! In this special, live podcast, we take in a few questions from those attending. We hope you enjoy this laid-back conversation covering topics from higher education to cryptocurrency. Timeline: Previous favorites 1:45 Students Value on Higher Education /8:30 Sheepskin Effect / 13:00 Separation of Church and State / 21:00 2nd Law of Demand / 27:30 Who's skinny dipping? / 33:35 Justin's: Changing Beliefs | #77 Peter's: Mind or Matter? - Philosophy of Mind Pt. 1 | #181 Russ':Russ Roberts | #78 or Vernon Smith on Adam Smith | #32
On this episode of the Illumination podcast, host Amrit Ahluwalia is joined by Vernon Smith, Provost and Senior Vice President of the American Public University System. The two discuss scalability, student centricity, and transforming higher ed's iron triangle into a rubber triangle.
Our guest today on the Outdoor Adventure Series is Vernon SmithVernon provides communications leadership for the National Oceanic Atmospheric Administration's (NOAA) Office of National Marine Sanctuaries, whose mission is to conserve and protect special places in the ocean.The National Marine Sanctuaries, are celebrating 50 Years of ocean conservation and stewardship, and the Office serves as the trustee for a network of underwater parks encompassing more than 620,000 square miles of marine and Great Lakes waters from Washington state to the Florida Keys, and from Lake Huron to American Samoa. The network includes a system of 15 national marine sanctuaries and Papahānaumokuākea and Rose Atoll marine national monuments.Aha MomentI had an opportunity to join some of the researchers at Stellwagen Bank National Marine Sanctuary off of Boston as they were out in the sanctuary doing some humpback whale research. One of the most humbling things that I've ever experienced happened when a Humpback and its Calf approached our research vessel. It came right alongside it and looked at us. And, you know, when you're looking at this calf, which itself was at least 30-40 feet long, and It's just a Calf, and you're looking at this creature and you're thinking, oh my God, you know, this is just so amazing.And to think that I have an opportunity to improve the condition, to try to help this whale and its calf continue to thrive that is so humbling and that's what makes you know, the work that we do so rewarding.Insight2GoIf you can find work that speaks to your passion, it really doesn't feel like work. Now let's be honest, working in government has its ups and downs.There's the bureaucracy part of government that I don't like, but I feel like I'm very, very lucky because I really enjoyed my career as a journalist. I'm having a lot of fun working as a communications coordinator for NOAA and the Office of National Marine Sanctuaries.I've been lucky in that I've been able to use many of the same skills that I had in my journalism career, reporting writing, and editing. Those skills were transferable to my current job. And I think that people should know, who are contemplating a career change, it's probably a good idea to do some sort of a personal skills assessment, and just sort of see, what skills you have that are potentially transferable in another arena.Next StepsTo learn more about the NOAA Office of National Marine Sanctuaries, visit their website at https://sanctuaries.noaa.gov/You can also learn more about The Office of National Marine Sanctuaries on these social sites:Facebook https://www.facebook.com/NOAAOfficeofNationalMarineSanctuariesInstagram https://www.instagram.com/noaasanctuaries/YouTube https://www.youtube.com/user/sanctuariesThe Outdoor Adventure Series is a Podcast Production of Fox Coaching, Inc.
TIEMPO DE DESAFIOS CON JORGE RUSELER: ANALISIS POLITICO Y ECONOMICO. QUE PLANIFICA JUNTOS POR EL CAMBIO PARA EL 2023. Las naciones avanzan y se desarrollan asegurando las reglas de cooperación y la confianza de contratar compitiendo. Sin imposiciones ni alteraciones arbitrarias de las condiciones pactadas. Esa revelación prevalece en países poblados por apenas el 18% de la humanidad y obtiene el 63% del PBI mundial. Desde hace tiempo, aprendimos que las personas saben mejor que nadie sus necesidades; pujan por valorar sus habilidades particulares; y cualquier interferencia caprichosa empobrece, comprueban las mediciones económicas y el avance de la indigencia. El hallazgo de las transacciones privadas es que cada parte gana en la medida que satisfaga apetitos ajenos. El interés por lo propio impulsa satisfacer a otros. La interacción de la especialización y competencia impulsa las destrezas individuales valorizando los ingresos. En contraste, partido el acuerdo del interés compartido, sancionado en la Constitución, la Argentina se empobrece rápidamente, respecto de los otros países. A pesar de las declaraciones, los funcionarios subvierten el orden constitucional en procura de sus intereses particulares, hasta la desesperación por pérdidas de poder y situaciones legales anticipadas. Expropian, imponen gastos, controlan precios, subsidian, emplean, cargan impuestos, corrompen según quién sea. El hallazgo de las transacciones privadas es que cada parte gana en la medida que satisfaga apetitos ajenos Los grandes maestros del rol del conocimiento en la sociedad, los Premio Nobel Friedrich Hayek, Ronald Coase, Vernon Smith y Olivier Williamson, focalizan en el encuadre institucional que favorece el intercambio de información y la confianza de contratar. La base son las prácticas y acuerdos requeridos por los participantes. Reglas de comportamientos y medidas aceptadas, incluyendo idiomas, moral, estándares de mediciones, léase el sistema métrico decimal, la moneda de las cuentas, la defensa de las propiedades y de las vidas individuales, detallo en el libro “Fin de la Pobreza”, prologado por Ricardo López Murphy. Cuanto más parejas las normas y las medidas para todas las personas, mayor el consenso logrado y la confianza en las transacciones. Los argentinos reclaman por la escasez de dólares. El Gobierno desconoce que faltan divisas porque las expropia. En efecto, los funcionarios mandan que todos los dólares cobrados por exportaciones, capitales, servicios, sean cedidos al precio dictado por el BCRA. Una verdadera expropiación violatoria de la Constitución.
Giorgio Coricelli è attualmente professore di economia e psicologia alla University of Southern California, specializzato in neuroeconomia. Dopo aver compiuto gli studi universitari presso La Sapienza di Roma, nel 2002 ha poi completato il dottorato di ricerca all'Economic Science Laboratory dell'Università dell'Arizona, lavorando con Vernon Smith, Premio Nobel per l'economia nel 2002. Nel 2004 Giorgio Coricelli si è trasferito all'Institut des Sciences Cognitives di Lione, in Francia, per svolgere ricerche sperimentali utilizzando la neuroimaging. La sua ricerca si concentra su neuroeconomia, economia sperimentale e teoria dei giochi al fine di "comprendere i comportamenti umani che emergono dall'interazione dei sistemi cognitivo ed emotivo " nella mente umana e, più specificamente, "il ruolo delle emozioni nel processo decisionale e la complessità relazionale nel sociale interazione”.
Stephen Blackwood speaks with the Nobel Laureate in Economic Sciences, Vernon L. Smith. They begin by defining and exploring commonly misunderstood economic terms—markets, capitalism, equilibrium—and then unpack the discoveries of Dr Smith's pioneering experiments in economics, which—against widely held assumptions—revealed the operation of beneficence and non-zero-sum reciprocity at the heart of free exchange. ‘Self-interest' is […]
Stephen Blackwood speaks with the Nobel Laureate in Economic Sciences, Vernon L. Smith. They begin by defining and exploring commonly misunderstood economic terms—markets, capitalism, equilibrium—and then unpack the discoveries of Dr Smith's pioneering experiments in economics, which—against widely held assumptions—revealed the operation of beneficence and non-zero-sum reciprocity at the heart of free exchange. ‘Self-interest' is thus profoundly re-evaluated. Paradoxically, the only way to self-realization is through concern for others. Also, Vernon recommends for further reading, especially on the topic of his experimental games, which are described but not entirely comprehensible in the podcast, the following: Vernon L. Smith (1991) Papers in Experimental Economics. New York: Cambridge University Press.
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This week on the THINK HUMANITIES podcast, Bill Goodman talks to Dr. Tracy Campbell, the E. Vernon Smith and Eloise C. Smith Professor of American History at University of Kentucky. THINK HUMANITIES is made possible with generous support from Spalding University.
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We caught up with independent comic book creator Vernon Smith to discuss his comic series Bigfoot Frankenstein https://www.vernondraws.com/bigfoot-f... Get the latest news from Catch Da Craze: Sign Up Here https://shoutout.wix.com/so/7dNbOtEMq... Previous Episode: Vernon Smith https://youtu.be/eTnKgqfxoqs Sponsor an Episode and promote your brand today https://www.icreatestories.com/become-a-sponsor Sign Up for our Newsletter: https://www.crazeecomics.com #podcast #indiecomics #interview
« L'économie est la science qui étudie le comportement humain en tant que relation entre des fins et des moyens rares susceptibles d'être utilisés différemment ». C'est ainsi que l'économiste anglais Lionel Robbins de la London School of Economics caractérisait l'objet de la science économique dans un célèbre texte de 1932. Même si certaines expériences s'avèrent relativement anciennes, à l'instar des questionnements sur le risque, l'économie dite « comportementale » reste pourtant un champ disciplinaire assez récent. Cela peut sembler paradoxale au regard de cette définition canonique. Elle a néanmoins trouvé sa consécration avec en particulier le « Nobel » d'économie reçu par Daniel Kahneman et Vernon Smith en 2002.Il est question, dans ce premier épisode de notre série, des incitations qui influencent nos comportements, qu'il s'agisse de motivations personnelles ou bien de récompenses ou de sanctions extérieures. Certaines expériences récentes sont venues bouleverser nos certitudes sur le sujet. L'économiste israélien Uri Gneezy et son confrère italo-américain Aldo Rustichini peuvent par exemple qu'observer que la conséquence de l'instauration d'amendes par les parents retardataires à la crèche… les a conduits a être encore plus en retard. Combinées à des observations en laboratoire interrogeant les effets d'une rémunération sur les capacités créatives des individus ou bien ce qui les motivent à procéder à des dons, ces expériences permettent d'interroger des situations quasi-quotidiennes. Pour les professionnels de la gestion, par exemple, les enseignements s'avèrent nombreux sur les bienfaits d'une politique sociale pour attirer les talents. Au sein de la science économique, elles ont pu conduire un autre « Nobel », Jean Tirole, à affiner le cadre théorique classique. Ce sont toute ces choses que nous expliquent Angela Sutan, économiste à Burgundy School of Business, et Radu Vranceanu, enseignant-chercheur à l'Essec.Crédits"In extenso." est un podcast produit par The Conversation France. Retrouvez les autres épisodes sur le site de The Conversation ou sur les plateformes de podcasts.Conception, Thibault Lieurade. Production, Romain Pollet Voir Acast.com/privacy pour les informations sur la vie privée et l'opt-out.
Please check out Judging Dredd: Comics in Motion is proud to partner with Lenovations Press! Check out their high quality independent comics here. This week, Tony is joined by creator/artist Vernon Smith to talk about his newest book from Action Lab Comics : Bigfoot Frankenstein Comics in Motion is now a Humble Bundle Partner. If you want to talk with Tony about comics or to suggest any future shows, please connect with him on Twitter @Tricycleboombox. You can find him online and send him an email at https://www.arfarina.com/. --- Send in a voice message: https://anchor.fm/comics-in-motion-podcast/message Support this podcast: https://anchor.fm/comics-in-motion-podcast/support
Brian Wayne corners Vernon Smith to talk about "Bigfoot Frankenstein" available soon through Action Lab! __________ CHEERSTOCOMICS.COM TWITTER: @cheerstocomics INSTAGRAM: @thecheerstocomicspodcast FACEBOOK.com/cheerstocomics __________ Ink'd Marketing Featured Comic: "Loco Hero 2" by Monte Michael Moore Back it on KICKSTARTER here! inked.pub/locohero2 ___________ Proudly affiliated with: GEEK COLLECTIVE /Age of Radio Podcast Networks & NSCLIVETV.com & Ink'd Marketing Solutions ___________ For BOOKING/ADVERTISEMENT opportunities, contact BOOKING@CHEERSTOCOMICS.COM ____________ Intro composed by KIARA STRINGS Outro composed by GRADY LEWIS ___________ Learn more about your ad choices. Visit megaphone.fm/adchoices
Vernon Smith joins us to talk about his upcoming Bigfoot Frankenstein, his earlier work and the creative process. We also discuss Hurricane Katrina and Bigfoot sightings outside the Pacific Northwest. DOWNLOAD Bigfoot Frankenstein By Mark Bertolini,Vernon Smith And Claudia Palescandolo. … Continue reading →
Nobel Prize winning economist and creator of experimental economics Vernon Smith joins this episode of Meeting of Minds with Jerry Bowyer. He talks about the necessity of faith, not just in religious matters but in science as well, and how the latest data in economics is reaffirming the insights of moral philosophy taught by Adam Smith over 200 years ago. Smith also talks about housing bubbles and how they happened.See omnystudio.com/listener for privacy information.
This week, we hear from Alison Vernon-Smith whose thirty years' experience as a producer in broadcasting at the BBC and in the independent sector makes her the perfect person to talk about producing podcasts. Or does it? She tells us how she applies her BBC mindset to high-end, sponsored podcast series for brands such as Harrods' True Tales of Luxury presented by Mariella Frostrup and Belstaff 's The Road Less Travelled with Reggie Yates.
Some students have gone back to school this year. Others are meeting in a hybrid style, but still more are running entirely virtual classes this spring. All schools in Indiana, however, are expected to be open for in-person classes come this fall. We talked with Indiana University Northwest's Dr. Vernon Smith, a professor of education, and a longtime educator himself, about the difficulties of this school year and what this year's challenges might mean for next year.
Welcome back to the madhouse we like to call: THE METAL HAND OF GOD Podcast Hosts: Wayne and Vernon Smith On this episode the guys welcome actor, writer, comedian, musician, and man that does just about everything..Mr. Casey Jost. The guys start off by talking about Casey's YouTube channel, influencers, what he did during this covid lockdown and how others have handled the quarantine. The guys talk the differences between training animals vs children. They talk about his music both comedic and serious, doing stand up, open mics, and how he feels about writing comedy in this day and age. They discuss the things he worked on like Impractical Jokers, Billy on the Streets , Snoop Doggs Jokers Wild and He even performs the Hangry rap he wrote for the Snoop and Cube rap battle. Casey talks a tad about his family dynamic, the first time Wayne saw him on Impractical Jokers and how other fans reacted to him. They talk New York, TikTok and so much more. As always thank you for the support and share, like, subscribe and follow . If you want to know more about Mr Casey Jost and what he is up to ... go check him out on his Instagram ---> HERE ( Casey Jost ) Now don't forget if you want some Metal Hand Of God ( MHOG ) podcast SWAG ?? Then go check out our merch store on Tee Public.... RIGHT HERE -----> MHOG Store Also dont forget for all your HORROR apparel and merchandise need go to FRIGHT RAGS!! Check out their incredible store at www.Fright-Rags.com ... Also use the code MHOG10 at check out and get 10% off your entire purchase...... You wont be disappointed !! and for all your merch needs check out Pm Star Productions --->here Pm Star Check out all the incredible concerts coming to the Fillmore New Orleans : http://www.fillmorenola.com/ Cover art by Wayne Theme Music by: Patrick Plata Podcast produced and mixed by:Wayne Check for us on Twitter: @mhogpodcast & Instagram: mhog_podcast Our Twitch channel---> MetalHandOfGaming Our YouTube channel ------> MHOG podcast Check us out on Stitcher, Facebook & iTunes. Our website is www.mhogpodcast.com Gamers can find Wayne and Justin under the tags "Nutso 187"and "The Rum Guy" on x-box live #667 #CaseyJost #ImpracticalJokers #ComedyCentral #TruTV #ComedyMusic #StatenIslandNEws #SnoopDogg #JokersWild #IceCube #Writter #StandUp #comedyLive #covidlockdown #TexasFrightmareWeekend #MakingMovies #livingtheLife #liveyourlife #TeePublic #fun #life #hobbies #covid-19 #quarantineLife #BabylonSporsbar #family #bignamedguests #pmstarproductions #merch #toys #comicbooks #MightyConNOLA #trading #WEAREBACK #XboxOne #Xbox #thingstodo #8yearsandcounting #mookie #life #SoothingSounds #FunkoPops #popCulture #Music #fuckcancer #supportlocal #metal #metallife #art #comicbooks #horrormovies #concerts #nsfw #comedy #podcast #mhog #funny #humor #metal #family #jokes #success #culture #freedom #videogames #sports #television #beer #animation #music #theFillmoreNOLA #FillmoreNewOrleans #metalhandofgodpodcast
In this episode, Dr. Nicole Pulliam and Dr. Vernon Smith are in conversation with Will Nicholson about white supremacy and the imposter syndrome fallacy. Dr. Pulliam is an Associate Professor in Educational Counseling at Monmouth University and Vernon Smith is Graduate Program Director and an Assistant Professor of Educational Counseling at Monmouth University. Nicholson is a graduate student in Educational Counseling at Monmouth.
This week on "Indiana Lawmakers" host Jon Schwantes is joined by Rep. Bob Behning, Rep. Vernon Smith. Betsy Wiley of Hoosiers for Quality Education and Keith Gambill of the ISTA to discuss the latest push to expand Indiana's school voucher program.
This week on "Indiana Lawmakers" host Jon Schwantes is joined by Rep. Bob Behning, Rep. Vernon Smith. Betsy Wiley of Hoosiers for Quality Education and Keith Gambill of the ISTA to discuss the latest push to expand Indiana's school voucher program.
Vernon Smith won the Nobel Prize in Economic Sciences in 2002. This is his second appearance on the show.
Vernon Smith won the Nobel Prize in Economic Sciences in 2002. This is his second appearance on the show. See omnystudio.com/listener for privacy information.
Welcome back to the world of The Metal Hand Of God ( MHOG ) podcast.... Your hosts: Wayne and Vernon Smith On this episode the guys welcome back to the show the man behind the legendary store Fright Rags .. Mr Benjamin Scrivens. Also joining Wayne on the in Rums absences is the always incredible Vernon Smith. The guys sit down and talk about what's new with Fright Rags, how incredible the selection is on the site, we ask how business is going during the pandemic, and what's coming in the next year. We talk covid, kids going to school, family time, how easy it is to find new stuff and the incredible amounts of new things. How good and bad social media is and has become. The guys talk diving into the rabbit hole of YouTube, Eddie Van Halen's death, going to concerts and seeing bands that you are so happy you got to see. Meeting celebrities being incredible when meeting and being complete jerks when meeting. The guys just talk about so much and you don't want to miss out ... so enjoy and like always.. Share, follow, like and subscribe... If you want to know more about Mr Scrivens and Fright Rags just click on the add below! For all your HORROR apparel and merchandise need go to FRIGHT RAGS!! Check out their incredible store at www.Fright-Rags.com ... Also use the code MHOG10 at check out and get 10% off your entire purchase...... You wont be disappointed !! and for all your merch needs check out Pm Star Productions --->here Pm Star Check out all the incredible concerts coming to the Fillmore New Orleans : http://www.fillmorenola.com/ Cover art by Wayne Theme Music by: Patrick Plata Podcast produced and mixed by:Wayne Check for us on Twitter: @mhogpodcast & Instagram: mhog_podcast Our Twitch channel---> MetalHandOfGaming Our YouTube channel ------> MHOG podcast Check us out on Stitcher, Facebook & iTunes. Our website is www.mhogpodcast.com Gamers can find Wayne and Justin under the tags "Nutso 187"and "The Rum Guy" on x-box live #638 #BenScrivens #BenjaminScrivens #frightRags #Tshirts #Apparel #accessories #Horror #Horrormovies #theloveoffilm #drive-in #youtube #celebrities #kidsinschool #VernonSmith #attheDrive-in #FrightRags #Fright-Rags.com #covidsucks #money #party #Family #makeitonyourown #Booking #shows #fun #Netflix #covid-19 #quarantineLife #BabylonSporsbar #family #bignamedguests #pmstarproductions #merch #toys #comicbooks #MightyConNOLA #trading #WEAREBACK #XboxOne #Xbox #thingstodo #8yearsandcounting #mookie #life #SoothingSounds #FunkoPops #popCulture #Music #fuckcancer #supportlocal #metal #metallife #art #comicbooks #horrormovies #concerts #nsfw #comedy #podcast #mhog #funny #humor #metal #family #jokes #success #culture #freedom #videogames #sports #television #beer #animation #music #theFillmoreNOLA #FillmoreNewOrleans #metalhandofgodpod
Matt Kibbe is joined by Nobel laureate economist Vernon Smith to talk about how the market process is not only efficient, but also encourages communities to peacefully cooperate. The misconception about laissez-faire economics is that it’s ruthless and Darwinian, but Smith shows through his own experimental work that free markets foster morality and consideration of others far more than top-down systems like socialism. They also dig into the legacy of Adam Smith, the first person to fully explain these ideas to the Western world.
Matt Kibbe is joined by Nobel laureate economist Vernon Smith to talk about how the market process is not only efficient, but also encourages communities to peacefully cooperate. The misconception about laissez-faire economics is that it’s ruthless and Darwinian, but Smith shows through his own experimental work that free markets foster morality and consideration of others far more than top-down systems like socialism. They also dig into the legacy of Adam Smith, the first person to fully explain these ideas to the Western world.
Vernon Smith won the Nobel Prize in Economic Sciences in 2002. Show notes Selected links •Follow Vernon: Website •Rethinking Housing Bubbles, by Vernon Smith and Steven Gjerstad •'Debt Deflation: Theory and Evidence', address by Mervyn King •'Is the 2007 US Sub-Prime Financial Crisis So Different? An International •Historical Comparison', paper by Rogoff and Reinhart •'Global Household Leverage, House Prices, and Consumption', FRBSF Economic Letter by Reuven Glick and Kevin Lansing •'Dealing With Household Debt', chapter by the IMF •'The great mortgaging: housing finance, crises and business cycles', paper by Jorda, Schularick and Taylor •'Leveraged bubbles', paper by Jorda, Schularick and Taylor •'Housing and the Economy', 2019 speech by Guy Debelle •'Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets', paper by Vernon Smith, Gerry Suchanek and Arlington Williams •A Life of Experimental Economics, Volume I, by Vernon Smith •The example scenario of pessimists and optimists buying 100 identical houses is from House of Debt, by Amir Sufi and Atif Mian •'The Leverage Cycle', paper by John Geanakoplos •'Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment', paper by Brad Barber and Terry Odean •The Wisdom of Crowds, by James Surowiecki •'The Clinton Housing Bubble', WSJ article by Vernon Smith •''We're heartbroken': home in same family for 93 years passes in', 2018 The Daily Telegraph article •'Why are we so worried about household debt?',
Vernon Smith, Nobel Prize winning economics professor at Chapman University, talks to us about experimental economics, intellectual influences, the value of mistakes, and the Nobel Prize.
What are the dangers of theory building about property rights in development economics? Are we becoming more ethical in the way we conceptualize property over time? In the latest episode of the Governance Podcast, Professor Bart Wilson of Chapman University discusses his book project on the origins and meaning of property. Subscribe on iTunes and Spotify Subscribe to the Governance Podcast on iTunes and Spotify today and get all our latest episodes directly in your pocket. The Guest Bart J. Wilson is the Donald P. Kennedy Endowed Chair in Economics and Law at Chapman University. He is a founding member of the Economic Science Institute and founding member and Director of the Smith Institute for Political Economy and Philosophy. His research uses experimental economics to explore the foundations of exchange and specialization and the origins of property. Another of his research programs compares decision making in humans, apes, and monkeys. Bart has published papers in the American Economic Review, Proceedings of the National Academy of Sciences, Proceedings of the Royal Society B: Biological Sciences, and Nature Human Behaviour. His research has been supported with grants from the National Science Foundation and the Federal Trade Commission. Bart has co-authored with Vernon Smith a forthcoming Cambridge University Press book entitled, Humanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century. Follow Us For more information about our upcoming podcasts and events, follow us on facebook or twitter (@csgskcl). Skip Ahead 01:05: What is property? 07:10: How using tools gave primates a sense of ownership 08:30: Tools as extensions of ourselves 11:50: What's the difference between property 'in,' 'on' and 'of'? 15:54: An original experiment exploring what property means 26:40: Does this experiment tell us something new about the way we treat the concept of property in economics? 30:07: Where do property 'rights' come from? 36:20: Is the language of 'rights' morally and conceptually meaningful in domains other than property? 40:30: Are human beings becoming more ethical in the way they conceptualize property over time? 42:30: How can the humanities and social sciences find a common language to theorize property? 43:07: Does interdisciplinarity make our work better or noisier?