Mike talks with Richard Robb, a professor of professional practice in international and public affairs at Columbia University and CEO of the investment firm Christofferson, Robb & Company, which he co-founded in 2001. They discuss his recent book Willful: How We Choose What We Do.
After the interview, Kristin joins Mike for a conservative perspective.
Topics Richard and Mike cover include:
the rational choice paradigm
behavioral economics
purposeful, ‘for itself’ action
how and why we pick beliefs that appeal to us
the four-step process of belief formulation
Pareto efficiency and public policy
if policymakers have enough skin in the game
choosing over time
the critical need for authentic challenges with real stakes and uncertain outcomes
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