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Such a great episode on consumer online search! I always had this question when searching online. What should we look for when shopping on online platforms? Sponsored or non-sponsored articles? When searching for products online, we usually have access to a wide range of products. However, some of them clearly stand out as being sponsored. This probably raises a few questions among many of us: are some products sponsored because the firms are paying to get to a top position, offering me only a mediocre product? Or in fact, is the platform doing me a favour by directing me to the product that is likely to suit me the most? Should I ignore the sponsored positions, or should I always start from them? In this episode, Maarten suggested that the consumer should start from the sponsored position (i.e. normally the one appears on the top of the search result). Counterintuitively, we should especially do that when the platform is financed by those sponsored positions. To understand this counterintuitive suggestion, he describes the following mechanism: a) Platforms commonly collect data on their users (cookies 😉) b) Platforms generate money from sponsored positions. Therefore, they want to make those positions as attractive as possible for offering firms. c) Sponsored positions get more attractive if they generate more turnover, which they can achieve by (i) choosing firms for sponsored positions that match their customer profile and (ii) providing less information content around non-sponsored product positions d) As a result, products in sponsored positions are meant to be an ideal fit for platform users. Conversely, clicking on non-sponsored products means that less information is provided, making the search process more arduous. To sum up, it seems like sponsored positions are actually a genuine buying recommendation by a platform, rather than just a simple marketing trick. After listening to this podcast, I have had some questions in mind: 1. Do you agree with the mechanism in Maarten’s analysis? 2. How could competitions of the platforms affect this mechanism? 3. To go a bit more into the microeconomic theory: how fragile or stable is this equilibrium/outcome? For example, consumers may have a wrong belief about how much information content the sponsored positions have. Then, the consumers may avoid sponsored position and go directly to the lower ranked alternatives. Then, how quickly a platform can convince a consumer that the lower rank positions should not be somewhere they start their search from?

There are many pitfalls that can lead to value drain in dealmaking. And since preparation is key, get ready for your next negotiation and listen to our new podcast episode with Paul Papayoanou to explore… … the most common value-destructive behaviours and how to avoid them … the traits of an effective dealmaker and how to become a savvy strategist in negotiations … how to apply game theory to improve your negotiation strategies Tune in: Game Changer website https://lnkd.in/dp5cyiz Spotify https://lnkd.in/dK7mT5bN Apple Podcasts https://lnkd.in/dGGz-iyc Amazon https://lnkd.in/dmbkcJJ Deezer https://lnkd.in/dZeMKr7v TuneIn https://lnkd.in/dt58RZQ Wisspod https://lnkd.in/dqFKwv8W #gametheory #dealmaking #economics #gamechanger #negotiations

In this episode, Geoffrey Hodgson from Loughborough University London joins Gregory LaBlanc to explore the evolution of legal and financial institutions, the limitations of traditional economic theories, and the potential of Darwinism to provide a general theory for social sciences. Listen to the full episode at buff.ly/4e5mUjH #unsiloed #podcast #economics #history #complexity

The power of the placebo effect is more than just a trick of the mind; it's a complex phenomenon with real physiological impact. 💊 In an audio essay, philosopher and Many Minds Podcast Assistant Producer Urte Laukaityte discusses the measurable physiological changes placebo produces that can be clinically helpful, and how we can harness its full potential. Hear about: ➡️ What placebo can and cannot do ➡️ The ethical dimensions of its use ➡️ How it is woven through the history of medicine 🎧 https://lnkd.in/dCE9zjbf

What Is The Things You Can't Touch ? And WHY ? My name is Eden Ehioghae and I am the host of The Things You Can't Touch Podcast. I have been working on this project (on and off) for a year and I am ready to commit to it. Despite the 19 episodes that have been released, I still feel as though the values, goals and intentions of TTYCT have not been properly addressed. So I shall do so here: The Things You Can’t Touch (TTYCT) is a bold and transformative podcast that redefines how we engage with philosophy. Our mission is to break down barriers within the field, amplifying voices that have historically been underrepresented - particularly non-white individuals and women. Through thought-provoking conversations, we challenge traditional narratives, explore contemporary issues, and bring philosophy into a modern, inclusive space. We believe that philosophy belongs to everyone, and through our episodes, we strive to make complex philosophical ideas accessible and relevant to today’s world. TTYCT fosters dialogue that transcends the typical boundaries of the academic world, inspiring listeners from all backgrounds to engage with philosophy in a way that is reflective of the diverse society we live in. What We Do: Amplify Diverse Voices: We provide a platform for thinkers, scholars, and creators from non-traditional backgrounds to share their insights and reshape philosophical discourse. Challenge Stereotypes: We’re on a mission to modernize and diversify the face of philosophy, breaking down the stereotypes that have long dominated the field. Make Philosophy Accessible: Through engaging conversations, we bridge the gap between classical philosophical ideas and contemporary, real-world issues. Let’s Collaborate: We are passionate about partnering with organizations, educators, and individuals who share our commitment to inclusivity, representation, and modernizing the field of philosophy. Whether you’re looking for collaboration opportunities, sponsorship, or simply a conversation that challenges the status quo, let’s connect.

When news articles cover new research findings, you’ll often see a quote from a scientist giving their opinion on the evidence. This journalist has likely gone via the Science Media Centre to find an expert to comment on the story. In Episode 10, we interviewed CEO of the Science Media Centre, Fiona Fox, to find out how science makes it into the headlines. Listen now wherever you get your podcasts, links and more information on our website: https://lnkd.in/exSXvDuC #sciencecommunication #sciencejournalism #media #sciencemediacentre #research #evidence #scienceorfiction #thescienceorfictionpodcast

This is my recent podcast at Wisdom of Crowds. And this is how Damir and Santiago, my hosts, have prefaced it: "Can big problems — like climate change, income inequality, or AI alignment — find solutions “from below,” through collective action, rather than “from above,” i.e., imposed by regulatory bodies? Today’s guest is a fascinating economist. Professor Paul Dragoș Aligică is a senior research fellow at the Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, and a Professor of Governance at the University of Bucharest. Paul believes that we are living through the third great moment in human history, after the transition to agriculture and the industrial revolution. What will this third moment be about? Far too broad to pigeonhole, he’s a visionary public choice theorist and a student of renowned economists Vincent and Elinor Ostrom (the latter won the Nobel Prize for Economics in 2009). Paul has thought long and hard about the strange inflection point our world seems to be hurtling towards. It’s a slow burn of an episode, one where interesting and complex ideas are laid out carefully, before Damir and Santiago engage Paul in sussing out their implications. Does Paul think that public choice theory means the world has hope? How do we fix the seemingly intractable problems posed by capitalism and globalization? Tune in to find out. Required Reading and Viewing: * Paul Dragoș Aligică’s personal website ( www.aligica.com ) * Elinor Ostrom, Governing the Commons (Amazon). * What is the Tragedy of the Commons? (Harvard Business School). * Elinor Ostrom on Ending the Tragedy of the Commons (Big Think on YouTube). * Santiago Ramos, “What Does McDonald’s Mean?” (WoC). This post is part of our collaboration with the University of Pittsburgh’s Center for Governance and Markets. Wisdom of Crowds is a platform challenging premises and understanding first principles on politics and culture. Join us!" I would like to thank Damir and Santiago for inviting me. The conversation with them was a real pleasure. Wisdom of Crowds—"The Comedy of the Commons":

We're truly living in exiting times: my digital notebook just turned my research on cooperative economies in the 21st century into a radio-like interview podcast! Check it out on the resources section of my website just in time for the launch of the United Nation's International Year of Cooperatives. Learn all about why cooperatives are a better way of doing business by empowering people to make collaborative decisions, practice democratic values in the workplace and in their communities, consider the environmental impact of their actions, and make globalization just, equitable, and personal through global networks of trust-based, participatory partnerships.   Based on my PhD thesis in global studies, this AI generated podcast shares interviews, analyses, and deep insights into the inner workings of transnational cooperatives during the last decades, so you don't have to read the whole thing!

In our latest episode of “Inside Political Science,” we discuss the recent Presidential debate and decide who had the most to say, who lost the meme war, who pivoted like an NBA point guard, who looked more presidential, and ultimately - if anyone learned anything. "Inside Political Science" provides an opportunity to think deeply about today's politics. Join Bush School of Government faculty members Kirby Goidel and Todd Kent as they discuss the current presidential campaign. Listen wherever you get your podcasts! tx.ag/IPSYouTube tx.ag/IPSSpotify tx.ag/IPSApple Other Recent Episodes August 30, 2024 Inside Political Science #011 – Economic Whac-a-Mole Defense isn't America's number one expense anymore - paying for the national debt is taking over the top spot. Economics professor Jonathan Meer joins Kirby and Todd to diagnose the national debt and grade economic proposals from the Trump and Harris campaigns (find out why he's giving F's to both). Plus, Dr. Meer explains that purchasing power is up, even if it's hard to believe, analyzes why stores do actually care what you think about their prices and dives into why some issues feel like "future America's problem." For more on this show and to listen to past episodes, visit https://lnkd.in/gRxxivBN.

If there’s two characteristics that define the resources sector, they are that: 1/ It’s characterised by uncertainty. We can’t be certain what lies under the earth (or sea), or what price it will fetch. 2/ Participants often behave as though it were certain. It’s common for mine, plans, for example, to be based on a single, deterministic view of the future. Geologists live and breathe uncertainty, because they have to, but this mindset often doesn’t extend into economic forecasting and planning. It doesn’t take much looking back at prior plans and forecasts to see the folly of this certainty. This Howard Marks memo is therefore as relevant to resources as it is to investing in general. A few highlights: - “Doubt is not a pleasant condition, but certainly is absurd.” - Voltaire - “There are two kinds of forecasters, those who don’t know, and those who don’t know they don’t know.” - John Kenneth Galbraith - “The only thing worthy of certainty is the conclusion that economists shouldn’t be expressing any of it.” - “It ain’t what you don’t know that gets you into trouble, it’s what you know for sure that just ain’t so.” - Mark Twain Well worth a listen. #uncertainty #planning #strategicdecisions #investing