Ep24 “When Institutions Cry Wolf” with Jay Bhattacharya

Ep24 “When Institutions Cry Wolf” with Jay Bhattacharya

It takes a long time to build up credibility, but you can lose it in an instant. What would it take to justify lying to the public for their own good, and are the benefits worth the costs? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss the costs and benefits of the government lying to its own citizens.

They then discuss the topic with Dr. Jay Bhattacharya (Professor of Medicine at Stanford University's Medical School, PhD in Economics, fellow of the Hoover Institution, and associate at the National Bureau of Economic Research) in the context of his prescient research during the COVID pandemic.


Submit your questions to the show here: https://bit.ly/AllElseEqual

Find All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions


All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.

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Episoder(95)

Rerun: Ep36 “Institutional Neutrality: Open Debate and Moral Stands” with John Etchemendy

Rerun: Ep36 “Institutional Neutrality: Open Debate and Moral Stands” with John Etchemendy

All Else Equal is taking a little spring break, so on this episode we’re revisiting a fascinating conversation on what happens when universities step off the sidelines and take a stance on contentious...

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Ep57 “Effective Communication: Trump vs. Reagan” with Peter Robinson

Ep57 “Effective Communication: Trump vs. Reagan” with Peter Robinson

One key to effective negotiation is to keep your opponent guessing by randomizing your strategy. And right now, there might not be a more prolific example of this kind of strategy than President Donal...

26 Feb 202536min

Ep56 “When Should We Lie for the Greater Good?” with John Ioannidis

Ep56 “When Should We Lie for the Greater Good?” with John Ioannidis

Is it acceptable for doctors to lie to their patients, or withhold some of the truth, if it’s in the patient’s best interest? In this episode, hosts and finance professors Jonathan Berk and Jules van ...

12 Feb 202534min

Ep55 “The Future Of The MBA: From 3 Top Business Schools” with Madhav Rajan

Ep55 “The Future Of The MBA: From 3 Top Business Schools” with Madhav Rajan

As more and more universities move away from full-time MBA programs, what does the future of business education look like? How should it look?  In this episode, hear perspectives from three of the top...

29 Jan 202532min

Ep54 “The Rise And Fall of Great Societies: Lessons from History” with Victor Davis Hanson

Ep54 “The Rise And Fall of Great Societies: Lessons from History” with Victor Davis Hanson

History shows that as societies rise to greatness, the scales eventually tip back and those societies fall. But what leads to that fall and are we heading toward one?  In this episode, hosts and finan...

15 Jan 202529min

Rerun: Ep48 “Why CEOs are Underpaid” with Dirk Jenter

Rerun: Ep48 “Why CEOs are Underpaid” with Dirk Jenter

As we ring in the new year, we’re bringing back one of our favorite episodes! Handpicked by Jules and Jonathan, this previous conversation is perfect for starting your year with thought-provoking insi...

2 Jan 202529min

Ep53 “The Truth About Inflation and Price Caps: Learn From Argentina” with Veronica Rappoport

Ep53 “The Truth About Inflation and Price Caps: Learn From Argentina” with Veronica Rappoport

During the 2024 U.S. presidential election, inflation was one of the most talked about issues, and there was one policy idea to get inflation under control that kept coming up: price caps. But history...

18 Des 202426min

Ep52 “Should Legacy Admissions at Universities Be Illegal?” with Patrick Awuah

Ep52 “Should Legacy Admissions at Universities Be Illegal?” with Patrick Awuah

Should legacy admissions at colleges and universities be banned? What are the benefits and tradeoffs of admitting students based on their legacy status? In this episode, hosts and finance professors J...

11 Des 202426min

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