In this debut episode of Lost In Transaction, we're joined by Professor Lionel Page, a leading expert in behavioral economics and the Director of the Behavioral and Economic Science Cluster at The University of Queensland in Australia. Together, we delve deep into the fascinating, often counter-intuitive world of economic behavior.
Why do taxi drivers clock in longer hours on slow days and call it quits early when business is booming? How does overconfidence, seemingly a road to ruin, continue to be an evolutionary selection? And how do game theory and repeated interactions affect our decisions in the long run?
As we navigate through these compelling topics, Professor Page provides us with insights from his book "Optimally Irrational: The Good Reasons We Behave the Way We Do," encouraging us to rethink what we thought we knew about economic behavior and decision-making. Whether you're a curious learner or an economics fanatic, this episode offers fresh perspectives and tangible applications that you won't want to miss.
Discover how the intricate forces of evolution and economics shape our choices—choices that might seem irrational at first glance but have deeper underlying reasons. Tune in to find out more!
Don't miss out on unraveling the mysteries behind our seemingly irrational choices. Subscribe to Lost In Transaction on your favorite podcast app. For a deeper dive into these topics, join the conversation on our Substack!
About the Guest
Connect with Lionel Page
Lionel Page is a Professor of Economics at The University of Queensland in Australia, where he also serves as the Director of the Behavioral and Economic Science Cluster. He's the author of "Optimally Irrational: The Good Reasons We Behave the Way We Do," a compelling look into the intersection of economics, behavior, and evolution.
📘 Read His Book
Optimally Irrational: The Good Reasons We Behave the Way We Do
📝 Substack Publication
Optimally Irrational
🐦 Follow on Twitter
@page_eco
Driving the Wrong Way: How Our Choices are Shaped by Evolution and Economics