Re: Whose work are you watching?

Description: Going beyond rationality yields some very interesting results.

Transcript:

Oh I’m . . . I’m hesitant to pick out individuals as doing . . . as . . . as doing particularly . . . particularly important work. I think that’s something that you only see with a . . . see with the passage of time. But I think the kind of area, philanthropy, that has been opened up with global health and a brining of rigorous analysis to those problems, is something that is profoundly . . . profoundly important. I think the whole set of advances associated with behavioral economics and the recognition of the many different aspects of how people . . . how people make decisions that go way beyond rationality, and that have implications _____ for how options are priced. And some of the questions in behavioral finance that people have worked on, but have much more profound implications for the ways in which we can best educated people, the ways in which we can best support people . . . I think these are terribly, terribly important issues. I think the questions around how we’re gonna help the societies that are falling furthest behind. There’s a range of very able people – Jeff Sachs – towards one end in terms of a continuum of views, others on a different . . . who are doing very, very . . . very, very thoughtful work. But you know, my approach in general in life is to try to engage with the issues rather than the particular . . . rather than particular individuals. And I think the second revolution that’s underway after the Industrial Revolution with the rise of China and India is profound than anything else that’s happening.

 

Recorded On: 6/13/07