What do Devil's Advocates, information cascades, egos, and gender pay equity have in common? Find out here as Prof. Ananish Chaudhuri introduces experimental economics. Part 1/2

Prof. Chaudhuri introduces behavioural and experimental economics [04:38]; talks about how to start experiments by using existing published knowledge, first [12:25]; carrots & sticks versus intrinsic motivation [14:37]; wisdom of the crowd versus information cascades [29:30]; HR and gender pay equity [16:58]; individual versus group decision making [33:46]; electronic betting markets [35:43]; egos and buy-in [38:08], and more.

A bonus, paid-members-only follow-up discussion available on the personal Premium podcast feed (subscribe by clicking here) will dive much deeper into all the above + online experiment platforms & how to use them to set up experiments in your firm, separating incentives from beliefs, COVID vaccines & response, Pilots versus Doctors making mistakes, and much-much more.

Next week, we’ll look at corporate experimentation, crisis response, psychological safety, creativity, and more with Dawie Olivier—an established CIO and advisor to corporates & start-ups.

Last week, we introduced complexity theory and set up the experimentation contexts with JP Castlin.

Links to Some of Prof. Chaudhuri’s Work

• WWW: https://ananishchaudhuri.com/
• LinkedIn: https://www.linkedin.com/in/ananish-chaudhuri-571782203/
• Twitter: @ProfAnanish
• Behavioural Economics and Experiments (book, 1^st edition): https://www.amazon.com/Behavioural-Economics-Experiments-Ananish-Chaudhuri/dp/0367463938/

Some Other Links Mentioned

• Could Blind Job Interviews Take on Gender Pay Pap? | Newsroom
• See Great Leadership: The Obligation to Dissent (greatleadershipbydan.com) for the discussion of the concept and the suggested antidote.

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