Russ Roberts

May 2007

A Monthly Archive (4 entries)
 

Podcast episode Hanson on Health

EconTalk Episode with Robin Hanson
Hosted by Russ Roberts

Robin Hanson, of George Mason University, argues that health care is different, but not in the usual ways people claim. He describes a set of paradoxical empirical findings in the study of health care and tries to explain these paradoxes in a unified way. One of his arguments is that the human brain evolved in ways that make it hard for us to be rational about health care. He also discusses using prediction markets as a way of designing health care policy.

Size: 33.1 MB
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Podcast episode Vernon Smith on Markets and Experimental Economics

EconTalk Episode with Vernon Smith
Hosted by Russ Roberts

Vernon SmithVernon Smith, Professor of Economics at George Mason University and the 2002 Nobel Laureate in Economics, talks about experimental economics, markets, risk, behavioral economics and the evolution of his career.

Size: 15.2 MB
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Podcast episode Sunstein on Infotopia, Information and Decision-Making

EconTalk Episode with Cass Sunstein
Hosted by Russ Roberts

Sunstein.jpgCass Sunstein of the University of Chicago talks about the ideas in his latest book, Infotopia: How Many Minds Produce Knowledge. What are the best ways to get the information needed to make wise decisions when that information is spread out among an organization's members or a society's citizens? He argues that prediction markets can help both politicians and business leaders make better decisions and discusses the surprising ways they're already being used today. Deliberation, the standard way we often gather information at various kinds of meetings, has some unpleasant biases that hamper its usefulness relative to surveys and incentive-based alternatives.

Size: 14.9 MB
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Podcast episode Allison on Strategy, Profits, and Self-Interest

EconTalk Episode with John Allison
Hosted by Russ Roberts

John Allison, CEO of BB&T Bank, lays out his business philosophy arguing for the virtues of profits, self-interest and production. His definition of justice, one of the core values of his firm, is that those who produce more, get more. He argues that Bill Gates would do more for the world improving Microsoft than running his foundation and giving away money. Allison praises Atlas Shrugged and refuses to let his bank make loans to companies that use eminent domain to acquire property. Is this any way to run a company? Does Allison really run his company this way? How does he deal with the gap between his philosophy and our popular culture's view of business and profits? Listen as Allison and host Russ Roberts discuss BB&T's unusual business strategy.

Size: 13.1 MB
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