unSILOed with Greg LaBlanc

By: Greg La Blanc
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  • Summary

  • unSILOed is a series of interdisciplinary conversations that inspire new ways of thinking about our world. Our goal is to build a community of lifelong learners addicted to curiosity and the pursuit of insight about themselves and the world around them.*unSILOed Podcast is produced by University FM.*
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Episodes
  • 467. Understanding Human Behavior in Economics with Vernon L. Smith

    467. Understanding Human Behavior in Economics with Vernon L. Smith
    Sep 30 2024
    Much of the field of economics derives its theories from a subset of Adam Smith’s philosophy found in the Wealth of Nations. But are economists overlooking other parts of Adam Smith’s teachings that could explain more about human behavior and economics? Nobel-prize winning economist Vernon L. Smith is an emeritus professor of economics and law at Chapman University. His books like Rationality in Economics: Constructivist and Ecological Forms and Humanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century explore how human behavior shapes economics.Vernon and Greg discuss the role Adam Smith’s Theory of Moral Sentiments plays in understanding behavioral economics, Vernon’s early supply and demand experiments, and how his work shaped the field of experimental economics. *unSILOed Podcast is produced by University FM.*Show Links:Recommended Resources:Adam Smith StoicismAlfred MarshallEdward ChamberlinMilton FriedmanKevin A McCabeCharles HoltBetsy HoffmanGuest Profile:Faculty Profile at Chapman UniversityNobel Prize Winner BioHis Work:Economics of Markets: Neoclassical Theory, Experiments, and Theory of Classical Price DiscoveryRationality in Economics: Constructivist and Ecological FormsHumanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century A Life of Experimental Economics, Volume I: Forty Years of DiscoveryA Life of Experimental Economics, Volume II: The Next Fifty YearsEpisode Quotes:Do humans learn economics through experience, not theory?39:09: People don't get the economics right by thinking about it. They get it right by actually participating in markets and getting a feel for what's going on. And I argue that humans are very good, once they do that. Sure, they can be fooled. And they do a lot of crazy things in a new market before they've acquired experience, but they adapt very well. And so, that equilibrium concepts are relevant. But the behavior is very much experience-oriented. And so, they get there through experiential learning. You see more than just abstract analysis and thinking about it.Perspective is at the foundation of the theorem of moral sentiments12:29: [The relationship] Perspective is at the foundation of the Theory of Moral Sentiments. That's what he's [Adam Smith] talking about—sentiments. An important part of it is fellow feeling.Gratitude influences sacrifice and motivates cooperation48:16: Gratitude creates indebtedness. And so people may have self-interested motivations, but they also have this motivation to get along with others. And so this proposition predicts, in the trust game, that people are sacrificing; they're taking less reward in order to do what they believe is right, to treat this person.Why is Vernon championing Adam Smith’s principles in the modern way of thinking about economics?56:45: So that's why I'm a champion of trying to get that pattern of thinking and Adam Smith's principles into the modern way of thinking in economics. Economics and psychology, and in economics, because the Theorem of Sentiments was a contribution to social psychology that just never took hold. It was another hundred years, you see, before psychology started to do anything. And it was the beginning of the 20th century before psychology became very prominent. And then it was individual psychology, not social psychology. I think Adam Smith would find that strange.
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    55 mins
  • 466. Keeping Science Apolitical with John Staddon

    466. Keeping Science Apolitical with John Staddon
    Sep 26 2024
    Just like all people, scientists have their own morals and political ideologies. But how do those values influence their work? What are the potential ramifications of science mixing with politics? John Staddon is an emeritus professor of psychology and neuroscience at Duke University and the author of numerous books. His works like Science in an Age of Unreason and Scientific Method: How Science Works, Fails to Work, and Pretends to Work examine the history of the scientific field and the challenges it faces today from becoming overly entangled with politics. John and Greg discuss the importance of distinguishing facts from values in scientific inquiry, how scientific consensus is often mistaken for truth, and the need for scientists to maintain objectivity despite societal pressures. *unSILOed Podcast is produced by University FM.*Episode Quotes:Is modern society abandoning the distinction between balance and fact?04:59: Science itself cannot be racist. A fact is either true or false. There’s no moral element to simply a fact. There are younger people now, who simply cannot accept that a fact is just a fact. Now, you may react to it one way or another depending on your value system, but the fact by itself is not racist or not racist. So, this is a very serious problem, I think, in modern society because a lot of people have completely abandoned this distinction between fact and value. And it's wrecking, not nuclear physics or electronics, but it's wrecking the human sciences. Suppressing a fact can be just a harmful as promoting a lie07:04: Logic tells you suppressing a fact can be just as harmful as promoting a lie, and indeed, suppressing a fact will often lead to promoting a lie as a substitute for it. So, you've just gotta keep them [emotions and judgment of the truth or falsity of facts] separate.When uncertainty is the only honest answer in science13:54: One should be more skeptical of social science because it's much harder to obtain a definitive result. [14:13]: So the really only honest response is to say, "I don't know." The problem is that society doesn't want to say, "I don't know." Are there too many scientists and too many scientific journals, with too much effort invested in the sciences?22:19: Success in science, a lot of it's luck. You happen to be in an area where there's a problem that can be solved, and the opportunity comes, and you solve it. But it's certainly not true that by sheer effort you can find a fertile area. So that's one problem. The other problem, well, there are a number of points to make. One other one is that science is not a manufacturing process. It's like widgets, you know. If you want to double the number of people making widgets, you've got to double the number of widgets. Science is not like that. It has to be solvable problems. But if you double the number of scientists and the number of available problems is not doubled, you've got a problem because they've got to find something to do, and so on, and you're liable to generate as much noise as knowledge. Show Links:Recommended Resources:J.D. Bernal The Art of Scientific Investigation by William Ian BeveridgeThe Descent of Man by Charles DarwinTrofim LysenkoJerry CoyneRichard DawkinsAlvin WeibergB. F. SkinnerQueen Victoria by Lytton Strachey Alan GreenspanGuest Profile:Faculty Profile at Duke UniversityHis Work:Science in an Age of UnreasonThe New Behaviorism: Second Edition Scientific Method: How Science Works, Fails to Work, and Pretends to WorkUnlucky Strike: Private Health and the Science, Law and Politics of SmokingThe Englishman: Memoirs of a PsychobiologistAdaptive Dynamics: The Theoretical Analysis of Behavior The Malign Hand of the Markets: The Insidious Forces on Wall Street that are Destroying Financial Markets – and What We Can Do About it
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    43 mins
  • 465. Placebo Power: Mindfulness and Its Impact on Health feat. Ellen J. Langer

    465. Placebo Power: Mindfulness and Its Impact on Health feat. Ellen J. Langer
    Sep 23 2024
    Ellen J. Langer is a Professor of Psychology at Harvard University. She is also the author of several books, including The Mindful Body: Thinking Our Way to Chronic Health, Mindfulness, Counterclockwise: Mindful Health and the Power of Possibility, and The Power of Mindful Learning.Ellen and Greg discuss the profound influence of mindfulness on decision-making and work-life balance, while challenging the illusions of control, certainty, and predictability. Ellen also breaks down the extraordinary world of placebos, illustrating how mindfulness can have a placebo-like effect on health, and how our beliefs and thoughts can significantly impact our physical health. They also talk about mindfulness in education and healthcare, underscoring its invaluable benefits for patients, doctors, and individuals in general.*unSILOed Podcast is produced by University FM.*Episode Quotes:On the importance of showing-up07:34: If you're going to do something, you should show up for it. And when you do show up for it, everything is better. So as you're actively noticing, you look alive. People find you more attractive. When you're being mindful, people see you as charismatic, authentic, and certainly attractive. Not only that, it makes you healthier, it's fun, and people are going to find you more appealing, but it actually leaves its imprint in the things that we do. They're just better. So if you're painting, playing a musical instrument, writing a report, no matter what you're doing, if you show up for the activity, you're going to produce something better. To my mind, there's no reason, once people truly understand what this work is about, that you would not try to change your ways in some sense and be mindful virtually all the time.Mindfulness is a way of being03:24: People need to understand that mindfulness has nothing to do with meditation. Meditation is not about mindfulness. Meditation is a practice you engage in to result in post-meditative mindfulness. Mindfulness, as we study it, is immediate. And it's not a practice. It's a way of being.Why is going from being mindless to mindful is hard?24:31: Going from being mindless to mindful is hard because when you're not there, you're not there to know you're not there. So that's why the instruction is, "Stop and smell the roses and be in the present." It's sweet but empty because when you're not there, you don't know that you're not there. So you can't fix it, but if you were to throw yourself into some new activity without worrying about being evaluated, and you feel how good it feels to be totally engaged, then just don't accept anything less than that.On being mindful of shifting point of view11:48: When people are mindless, they're more or less acting like automatons. And when you're mindful, you have a general sense of what you want to do. You can have goals and routines, but they're guiding what you're doing. They're not overly determining what you're doing. So I say to my students, "Okay, let's say, on your way to class today, you run into Michelle Obama. And she takes such a liking to you for who knows what reason. And she says, 'Do you want to go have a cup of coffee?'" It would be crazy for you to say, "No, I have to go to class." All right, but I think mindlessly, especially the A students, that's just what they would do, rather than say, "Well, circumstances now are so unusual, I should take advantage of it." And so when you're mindful because you're there, you get to take advantage of opportunities to which you'd otherwise be blind, and you avoid the danger that has not yet arisen.Show Links:Recommended Resources:SocratesEpictetusPrimingThe Counterclockwise StudyFrank A. BeachGuest Profile:Faculty Profile at HarvardEllen J. Langer's WebsiteEllen J. Langer on LinkedInEllen J. Langer on XHer Work:The Mindful Body: Thinking Our Way to Chronic HealthMindfulnessCounterclockwise: Mindful Health and the Power of PossibilityThe Power of Mindful LearningOn Becoming an Artist: Reinventing Yourself Through Mindful Creativity
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    1 hr and 3 mins
Art Literary History & Criticism Economics
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