Ep68 “Is It Better to Overestimate or Underestimate Your Enemies?” with H.R. McMaster
Historically, the U.S. has had a habit of overestimating the capabilities of its enemies. Why? Is this an intentional security strategy? Or does the U.S. need to change the way it gathers enemy intelligence? Former National Security Advisor H.R. McMaster gives hosts and finance professors Jonathan Berk and Jules van Binsbergen a crash course on military intelligence and national security advising. The conversation covers why the overestimation of enemies happens, including historical examples of misjudgments, the role of proxies in modern conflicts, strategic considerations involving major powers like China, and the threat of information warfare. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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33:58
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33:58
Ep67 Real Talk on Rent Control: Its Pros and Cons
As the 2025 municipal elections approach, the New York City mayoral race has garnered national buzz, with one issue particularly capturing attention: rent control. On this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen explore and unpack the best possible reasons for rent control, and why oftentimes – those reasons still come up short. They contextualize their discussion with historical examples from Chicago and San Francisco, analyze the arguments for rent control, and explain how despite rent control’s aim to bring more balance to the tenant-landlord dynamic, its negative repercussions on housing supply might outweigh the benefits. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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27:26
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27:26
Ep66 When (and When Not) To Listen to Investment Advice
Solicited or not, advice on where to invest your money seems to be around every corner these days. But determining whether the advice is credible and worth listening to can be challenging. On this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen put sources of investment advice to the test and provide listeners with some guidance on how to judge the credibility of someone’s stock picks. They also discuss private investing and the potential risk of getting in on the ground floor as an angel investor. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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26:45
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26:45
Ep65 "Will Future AI Systems Operate Like The Human Brain? It’s Complicated” with Jeff Hawkins
With growing concerns over whether or not AI will take away jobs and eventually become superior to human intelligence, maybe it’s time to take a closer look at the human brain and discover how AI will always have its limitations. Hosts and finance professors Jonathan Berk and Jules van Binsbergen sit down with Jeff Hawkins, a neuroscientist and computer scientist, whose book A Thousand Brains challenges the way we think about intelligence and how the brain works. Jonathan, Jules, and Jeff discuss the fundamentals of how the human brain operates and how it differs from the way current AI models work. They also dive into the cutting-edge innovations happening in the world of AI and whether future versions of the technology could one day emulate the human brain more closely. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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32:40
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Ep64 "Why Higher Education Needs a Massive Overhaul: Are the Kids Even Learning Anything?" with Bryan Caplan
While a higher education may help your career in terms of income, how much of what you’re taught in a classroom actually prepares you for the work you do on the job?Hosts and finance professors Jonathan Berk and Jules van Binsbergen chat with economist Bryan Caplan about his book, “The Case Against Education.” In the book, Bryan lays out why education these days is less about what you’re learning, and more about signaling to future employers that you’ll be a good hire.Jonathan, Jules, and Bryan discuss the pitfalls of a modern liberal arts education, historical shifts that got us here, and what could be a more effective way of teaching. Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
À propos de All Else Equal: Making Better Decisions
Join Stanford GSB finance professor Jonathan Berk and Jules van Binsbergen of The Wharton School in a conversation with prominent business leaders about common flaws in the decision making process and what to do about them. Learn more at AllElseEqualPodcast.com.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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