Richard Robb on Choice in Economics, Politics, and Life

Richard Robb on Choice in Economics, Politics, and Life

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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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