Shachar Kariv, Professor & Decision Theorist – Make Better Decisions
44m | Aug 4, 2020On this episode of Here@Haas, Ray talks with Shachar Kariv, Tel Aviv-native and former Department Chair of Economics at UC Berkeley. We delve into Shachar’s research on social preferences, including the 3 fundamental tradeoffs of decision-making and why Yale law students have such a disproportionate impact on society. Shachar then talks about how his virtual teaching experience and his expectations for the fall. Finally, we wrap with Shachar’s contributions towards X-Lab, a Berkeley social science laboratory, and Capital Enterprises, his own financial services startup.
Episode Quotes:
I would actually argue that all decisions in life large and small, financial or not financial, are basically governed by three trade-offs: “Risk vs. return, today vs. tomorrow, self vs. others”
“There is more heterogeneity in altruism within socio-demographics than across socio-demographics.”
“We live in a democracy but eventually a lot of the decisions are made by elite groups.”
“Kale is just completely overrated. Basically, I’d rather eat grass than kale.”
Show Notes:
- Shachar Kariv (faculty profile)
- XLAB
- Capital Preferences
- The Undoing Project