I am just taking a first red through your posts. Thank you everyone who has contributed so far - it's wonderful to see the talk has resonated with you and it's prompting some great conversations. I look forward to joining in shortly!

 

Although much of the class is corporate finance and how to help you all become more proficient managers regarding finance concepts at work, I love starting the class with this DQ as a way to discuss our more personal attributes. As we go though the units, hopefully there will be a lot more you can relate to in a personal sense as well.

 

As you may have noticed, this Talk is from 2011.  I normally like to use current and right up to date material especially for the DQs, but in this instance I do not think that the date of the talk makes any difference - our behaviour continues in the same pattern even over a decade later. In fact with higher interest rates currently, the talk might resonate even more....

Class:

Do you agree?

 

And for those of you who are interested in the background to the TED talk, here is the original paper written by Richard Thaler and Shlomo Benartzi:

https://www.journals.uchicago.edu/doi/pdfplus/10.1086/380085

And related to our DQ topic, this link is to an Op-Ed written by Richard Thaler and is well worth reading (and fun)...

https://faculty.chicagobooth.edu/-/media/faculty/richard-thaler/assets/files/financialliteracybeyondtheclassroom.pdf

 And finally an interview:

https://www.youtube.com/watch?v=bM9bYOBuKF4 -

 

Please provide a brief and comprehensive response with IN-TEXT Citations. Thanks!