Lost Wallet Study

Here We Are

Shane Mauss

Science

4.8 • 1.1K Ratings

🗓️ 2 February 2021

⏱️ 92 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shane talks with behavioral economist, Alain Cohn, about his fascinating study that examines the trade off between honesty and self-interest. They purposefully lost 17,000 wallets in 40 countries all around the world. Surprisingly, people were more likely to return wallets with more money in them! Alain shares some interesting and unexpected implications of his research. Alain Cohn is an Assistant Professor of Information at the University of Michigan School of Information. His research lies at the intersection of economics, finance and psychology. Much of his work uses lab and field experiments, often in collaboration with firms and government agencies, to explore topics like honesty, employee motivation and financial decision making. His studies have been published in top general interest and economics outlets such as Nature, Science, American Economic Review, Review of Economic Studies and Review of Financial Studies. Learn more at https://sites.google.com/site/alaincohn/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Are we, yes, where are we here?
0:03.0	Why are we here not entirely clear?
0:06.0	We are misfits, thrust into existence by random chance,
0:11.0	with no hints at all as to how we're supposed to make sense of it all it's
0:16.1	immensely bizarre here we are
0:20.7	hello everybody and welcome to the Here We Are Podcast. I'm so excited I found I was doing a bit of research
0:28.4	found one of one of the coolest studies I have seen in a while and frantically emailed my guest today.
0:39.6	Alon Cohn is joining me.
0:41.8	Alon, would you mind introducing yourself
0:44.0	and telling the listeners what you do?
0:47.5	Yeah, hi, thanks for having me.
0:49.3	It's a great pleasure to be on your podcast.
0:52.4	So I'm Alan Coen. I'm an assistant professor at the School of
0:56.0	Information at the University of Michigan. And I'm a consider myself a behavioral economist so I'm an economist by trading but my
1:07.0	research crosses traditional disciplinary boundaries and so a lot of my work is influenced by psychology, political science, and related fields.
1:19.0	Amazing, love behavioral economists.
1:24.0	It was I think my fifth episode of the show back six years ago or whatever I had Dan Arielli on.
1:31.0	And it was very exciting for me as a new,
1:34.6	as a new podcaster and everything.
1:37.2	He's a great speaker, great entertainer,
1:40.2	and fantastic researcher.
1:42.1	So we actually, we're doing related work, yeah,
	...

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