#311 - The Nobel Laureate Who's Criticizing Behavioral Economics (Prof. Robert Yisrael Aumann)
Two Nice Jewish Boys
Eytan and Naor
1.7 • 804 Ratings
🗓️ 7 January 2023
⏱️ 74 minutes
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| 0:00.0 | This is Aiton Weinstein. |
| 0:01.7 | And I'm Na Or Meninger, and you're listening to Two Nice Jewish Boys. |
| 0:29.4 | Back in 1953, at MIT, two young mathematicians crossed paths. |
| 0:36.4 | Professor Israel Aumann was a young, brilliant doctoral student when he met John Nash, |
| 0:39.4 | the founder of game theory and the subject of the biography and Oscar-winning film, A Beautiful Mind. Nass shared his ideas on game theory with Alman, who later |
| 0:45.6 | said, quote, I didn't give the field much thought at the time because I was busy with pure |
| 0:51.0 | mathematics. Years later, when Alman was hired by Bell to work on anti-aircraft missiles, he realized |
| 0:59.0 | that Nash's ideas were a game changer, pun intended. |
| 1:03.0 | Later, both men would receive Nobel Prizes for their contributions to the field of economics. |
| 1:10.0 | Recently, Alman expressed criticism about assertions by prominent behavioral economists, |
| 1:16.3 | such as Daniel Kahnman and Dan Ariely, that humans are fundamentally irrational. |
| 1:22.9 | Alman urges a return to rationality. |
| 1:26.2 | Professor Israel Alman is himself a legend of game theory. |
| 1:29.8 | He's a founding member of the Stony Brook Center for Game Theory and is a professor at the |
| 1:34.4 | center for the study of rationality at the Hebrew University. |
| 1:38.0 | We're thrilled to be joined today on the show for the second time by Professor Israel Alman. |
| 1:43.5 | Thank you so much for joining us, Professor. |
| 1:47.4 | Good morning. I'm glad to be here. Let me start out by making a correction. |
| 1:56.2 | Yes. Okay. Jodash is not the founder of game theory, okay? |
| 2:03.5 | The founder of game theory, there are two founders, actually. |
| 2:08.1 | One is John von Neumann, who was, I would say probably |
| 2:18.0 | among |
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