Conversations about tomorrow, from Today.
Every week Today programme presenter Amol Rajan talks to radicals, pioneers and innovators from all over the world. From populism and climate change, to economics and AI... How can their radical ideas help you win the future?
As well as presenting Today on BBC Radio 4, Amol is also the host of University Challenge on BBC One. Before that he was the BBC's media editor and editor of The Independent.
Episodes of Radical with Amol Rajan are published on Thursdays on BBC Sounds. You can also watch them on BBC iPlayer: https://www.bbc.co.uk/iplayer/episodes/m002f1d0/radical-with-amol-rajan
Radical with Amol Rajan is a Today podcast. If you enjoy this (and you've read this far so hopefully you do), then we think you’ll also like another podcast from Today. It’s called Political Thinking with Nick Robinson and you can listen to Nick’s interviews here: https://www.bbc.co.uk/sounds/brand/p04z203l
Conversations about tomorrow, from Today.
Every week Today programme presenter Amol Rajan talks to radicals, pioneers and innovators from all over the world. From populism and climate change, to economics and AI... How can their radical ideas help you win the future?
As well as presenting Today on BBC Radio 4, Amol is also the host of University Challenge on BBC One. Before that he was the BBC's media editor and editor of The Independent.
Episodes of Radical with Amol Rajan are published on Thursdays on BBC Sounds. You can also watch them on BBC iPlayer: https://www.bbc.co.uk/iplayer/episodes/m002f1d0/radical-with-amol-rajan
Radical with Amol Rajan is a Today podcast. If you enjoy this (and you've read this far so hopefully you do), then we think you’ll also like another podcast from Today. It’s called Political Thinking with Nick Robinson and you can listen to Nick’s interviews here: https://www.bbc.co.uk/sounds/brand/p04z203l
How do human choices, biases, and behaviours shape our economy? This week Amol speaks to Nobel Prize winning behavioural economist Professor Richard Thaler about his theories that dive into the patterns behind our decision-making and reveal why humans aren’t always as rational as we like to think.
From overconfidence and the lure of winning at any cost, to the hidden costs of risk-taking and the psychology of incentives, his research shows why individuals and markets sometimes make surprising — or even seemingly irrational — choices.
By unpacking the experiments described in his book The Winner’s Curse we get an insight into his work and he applies these behavioural insights to the issues facing the UK today. They discuss how to get young people off welfare and into work, government debt and why Richard believes the winter fuel allowance needs a rethink.
(00:04:10) Why he thinks traditional economic theory is flawed
(00:07:44) The pros and cons of behavioural economics
(00:17:40) The story behind The Winner’s Curse
(00:19:00) The Endowment Effect
(00:21:16) The Ultimatum Game
(00:23:28) Confirmation Bias and Overconfidence
(00:25:54) Mental Accounting
(00:29:42) Young people, welfare and work
(00:33:35) Tackling government debt
(00:38:32) The housing crisis
(00:40:06) The rise of AI and dangers of social media
(00:43:00) How he found out that he’d won the Nobel Prize for Economics
(00:45:26) Richard Thaler’s legacy
(00:47:43) Amol’s reflections
(00:51:20) Listener Messages
GET IN TOUCH * WhatsApp: 0330 123 9480 * Email: radical@bbc.co.uk Episodes of Radical with Amol Rajan are released every Thursday and you can also watch them on BBC iPlayer: https://www.bbc.co.uk/iplayer/episodes/m002f1d0/radical-with-amol-rajan Amol Rajan is a presenter of the Today programme on BBC Radio 4. He is also the host of University Challenge on BBC One. Before that, Amol was media editor at the BBC and editor at The Independent.
Radical with Amol Rajan is a Today Podcast. It was made by Lewis Vickers with Anna Budd. Digital production was by Gabriel Purcell-Davis. Technical production was by Dave O’Neill. The editor is Sam Bonham. The executive producer is Owenna Griffiths.