Richard Thaler with Malcolm Gladwell on Misbehaving

Behavioral economist Richard Thaler talks to bestselling author Malcolm Gladwell on the implications of behavioral economics on how we think about the world, from our personal lives to business to society. They will have you retooling your grocery list and retirement strategies, and lead managers to rethink every aspect of their business.

 

 

60:30
this is an important point someone who
has always been the the A+ student this
the court feel are the obvious smartest
kid in the room right golden boy is
someone who is who is not powerfully
motivated to disrupt the status quo
right right right is rare going I see
where you’re going
look no I think it’s an obvious point
that if I were if I had been really good
at doing economics I wouldn’t have had
to do this you know all right
I mean I sure when Rosen my advisor I
quote him in the in in an article in The
New York Times he told the reporter who
asked about my career as a grad student
quote we didn’t expect much of him yeah
and you it’s always good to have you
I think it’s been pure
stupidity that we haven’t been building
roads bridges and so forth
for the last seven years when we we
could we can borrow at a negative
interest rate and use otherwise idle

resources I mean it’s just mind boggling
that we haven’t done that and and you
don’t have to be a Keynesian to think

that so whether or not this would
stimulate the economy let’s just suppose

we do just cost-benefit analysis we have
bridges that are all going to fall down
all around the country we could be
building them with construction crews
that have nothing to do and borrowing at
zero interest rate and we’re going to
have to do start doing it as soon as the
economy picks up when it will cost a lot
more so complete stupidity

Pigs All the Way Down

Kavanaugh and our rotten ruling class.

.. Despite Donald Trump’s populist posturing, there are few people more obsessed with Ivy League credentials. Kavanaugh’s nomination shows how sick the cultures that produce those credentials — and thus our ruling class — can be.
.. According to The New Yorker, Judge confided in an ex-girlfriend, Elizabeth Rasor, about an incident where he and other boys took turns having sex with a drunken woman. (Judge denies this.)
.. From Georgetown Prep, Kavanaugh went to Yale. There he joined the fraternity Delta Kappa Epsilon, or DKE, which was, according to The Yale Daily News, “notorious for disrespecting women.” (Long after Kavanaugh graduated, the fraternity, once headed by George W. Bush, was banned from campus after video emerged of pledges chanting, “No Means Yes! Yes Means Anal!”)
.. Kavanaugh was also a member of an all-male secret society called Truth and Courage, which had an obscene nickname affirming its dedication to womanizing.

.. It may not be fair to judge Kavanaugh by the company he kept. But it’s telling that these were the crucibles in which he and other members of our ostensible meritocracy forged their identities and connections.
.. “Is it believable that she was alone with a wolfy group of guys who thought it was funny to sexually torment a girl like Debbie? Yeah, definitely. Is it believable that Kavanaugh was one of them? Yes.”

.. There’s no equivalent culture in which girls reap social capital for misbehaving. You rarely see women in politics or law who flaunt college reputations as party girls; the women who make it are expected to show steely self-control. In the rarefied social world that produces so many of our putative leaders, a young man who frequently gets blackout drunk, as Kavanaugh reportedly did, is a fun guy. A young woman who does so is a mess.

.. Kavanaugh went on to become a protégé of appeals court judge Alex Kozinski, for whom he clerked in the early 1990s. Last year, Kozinski resigned after multiple accusations of sexual harassment by former female clerks and junior staffers; two said he showed them porn in his office. The judge’s lewd behavior was, by many accounts, an open secret.

.. “All the clerks and former clerks in Kozinski’s ambit knew and understood that you assumed the risk and accepted the responsibilities of secrecy,”

.. both of whom had a reputation as gatekeepers for students who hoped to land coveted clerkships with Kavanaugh. Sources told The Guardian that Chua instructed female applicants to exude a “model-like” femininity, a claim Chua denies. One prospective clerk said Rubenfeld advised her, “You should know that Judge Kavanaugh hires women with a certain look.”

.. As they realize that, their incandescent fury is remaking our politics. We’ll know things have changed when palling around with sexual abusers carries more stigma than being abused does.