Linda Thunstrom's guest appearances

Linda Thunstrom

Behavioral Grooves Podcast

At The Margin

Annie Duke

Whitney Johnson

David Zetland

Jon Levy

Nir Eyal

Elizabeth Gilbert

AJ Jacobs

Chris Carey

Tim Harford

Kwame Christian

Rory Sutherland

Matt Johnson

Paul Bloom

Anja Shortland

Michele Gelfand

OwlTail

Linda Thunstrom, PhD is a Swedish economist working as an assistant professor of economics at the University of Wyoming. (That’s in Laramie, Wyoming, not Wyoming, Sweden.) Her research interests include behavioral, experimental, public, and health economics. Her interests merged after Hurricane Florence when she became curious about the effect that offering thoughts and prayers might have on potential donors to natural disasters. She set up a study to see if potential donors might feel like they don’t need to make a monetary donation to the victims if they’ve already offered up some thoughts and prayers. Her results may surprise you. And she didn’t stop there. She also looked at this question from the recipient’s end. As an economist, she framed the study in monetary terms and wondered if disaster victims might take less money in a donation if they knew someone was praying for them – especially if it were a Christian stranger or a priest. Again: fascinating results! We also talked about willful ignorance and the role it plays in our decision-making. Willful ignorance involves neglecting information about how your actions will affect others or yourself. It’s different from and less harmful than outright self-deception. Self-deception is commonly associated with lying to make yourself feel better. The big worry with self-deception is that you start believing your own lies. Willful ignorance is like heading into the basement to get a Coke Zero and noticing a box of Oreo cookies and deciding that now is probably a pretty good time to have one, or two, of those chocolate calorie bombs. We are neglecting the facts that we already know about Oreo cookies: they’re not really good for. But we nab a couple anyway. We’d like to thank you to Andrea Mannberg, a guest from Episode 199, for introducing us to Linda. Both of these economists are applying their training to fantastically interesting topics and we’re grateful for both of their work. © 2021 Behavioral Grooves  LinksLinda Thunstrom: https://lindathunstrom.com/ Linda Thunstrom, PhD: https://www.uwyo.edu/economics/faculty-staff/linda-thunstrom/ Shiri Noy, PhD: https://denison.edu/people/shiri-noy “Exploiting moral wiggle room: experiments demonstrating an illusory preference for fairness” Dana, et. all (2007): https://link.springer.com/article/10.1007/s00199-006-0153-z George Loewenstein, PhD: https://www.cmu.edu/dietrich/sds/people/faculty/george-loewenstein.html Todd Cherry, PhD: http://www.uwyo.edu/economics/faculty-staff/todd-cherry/index.html George Loewenstein, PhD: https://www.cmu.edu/dietrich/sds/people/faculty/george-loewenstein.html Dan Gilbert, PhD: https://en.wikipedia.org/wiki/Daniel_Gilbert_(psychologist) Contemporary Folk Music: https://en.wikipedia.org/wiki/Contemporary_folk_music Americana Music: https://en.wikipedia.org/wiki/Americana_(music) Hurricane Florence: https://en.wikipedia.org/wiki/Hurricane_Florence “Temporal View of the Costs and Benefits of Self-Deception” Gino, Norton, Ariely: https://www.hbs.edu/faculty/Pages/item.aspx?num=39857 Eric Oliver, Episode 172: https://behavioralgrooves.com/episode/how-to-talk-to-your-friends-about-their-conspiracy-theories-with-eric-oliver/ Andrea Mannberg, Episode 199: https://behavioralgrooves.com/episode/how-decision-making-is-critical-for-back-country-skiers-and-sex/ Behavioral Grooves Patreon Site: https://www.patreon.com/behavioralgrooves  Musical LinksJay Shogren “Let’s Fall Behind”: http://www.jshogren.com/https/jshogrenshanghaidbandcampcom/track/lets-fall-behind David Bowie “Under Pressure” with Annie Lennox and Queen: https://www.youtube.com/watch?v=fCP2-Bfhy04

Linda Thunstrom, PhD is a Swedish economist working as an assistant professor of economics at the University of Wyoming. (That’s in Laramie, Wyoming, not Wyoming, Sweden.) Her research interests include behavioral, experimental, public, and health economics. Her interests merged after Hurricane Florence when she became curious about the effect that offering thoughts and prayers might have on potential donors to natural disasters. She set up a study to see if potential donors might feel like they don’t need to make a monetary donation to the victims if they’ve already offered up some thoughts and prayers. Her results may surprise you. And she didn’t stop there. She also looked at this question from the recipient’s end. As an economist, she framed the study in monetary terms and wondered if disaster victims might take less money in a donation if they knew someone was praying for them – especially if it were a Christian stranger or a priest. Again: fascinating results! We also talked about willful ignorance and the role it plays in our decision-making. Willful ignorance involves neglecting information about how your actions will affect others or yourself. It’s different from and less harmful than outright self-deception. Self-deception is commonly associated with lying to make yourself feel better. The big worry with self-deception is that you start believing your own lies. Willful ignorance is like heading into the basement to get a Coke Zero and noticing a box of Oreo cookies and deciding that now is probably a pretty good time to have one, or two, of those chocolate calorie bombs. We are neglecting the facts that we already know about Oreo cookies: they’re not really good for. But we nab a couple anyway. We’d like to thank you to Andrea Mannberg, a guest from Episode 199, for introducing us to Linda. Both of these economists are applying their training to fantastically interesting topics and we’re grateful for both of their work. © 2021 Behavioral Grooves  Links Linda Thunstrom: <a href="https://lindathunstrom.com/" rel="nofollow" target="_blank">https://lindathunstrom.com/</a> Linda Thunstrom, PhD: <a href="https://www.uwyo.edu/economics/faculty-staff/linda-thunstrom/" rel="nofollow" target="_blank">https://www.uwyo.edu/economics/faculty-staff/linda-thunstrom/</a> Shiri Noy, PhD: <a href="https://denison.edu/people/shiri-noy" rel="nofollow" target="_blank">https://denison.edu/people/shiri-noy</a> “Exploiting moral wiggle room: experiments demonstrating an illusory preference for fairness” Dana, et. all (2007): <a href="https://link.springer.com/article/10.1007/s00199-006-0153-z" rel="nofollow" target="_blank">https://link.springer.com/article/10.1007/s00199-006-0153-z</a> George Loewenstein, PhD: <a href="https://www.cmu.edu/dietrich/sds/people/faculty/george-loewenstein.html" rel="nofollow" target="_blank">https://www.cmu.edu/dietrich/sds/people/faculty/george-loewenstein.html</a> Todd Cherry, PhD: <a href="http://www.uwyo.edu/economics/faculty-staff/todd-cherry/index.html" rel="nofollow" target="_blank">http://www.uwyo.edu/economics/faculty-staff/todd-cherry/index.html</a> George Loewenstein, PhD: <a href="https://www.cmu.edu/dietrich/sds/people/faculty/george-loewenstein.html" rel="nofollow" target="_blank">https://www.cmu.edu/dietrich/sds/people/faculty/george-loewenstein.html</a> Dan Gilbert, PhD: <a href="https://en.wikipedia.org/wiki/Daniel_Gilbert_(psychologist)" rel="nofollow" target="_blank">https://en.wikipedia.org/wiki/Daniel_Gilbert_(psychologist)</a> Contemporary Folk Music: <a href="https://en.wikipedia.org/wiki/Contemporary_folk_music" rel="nofollow" target="_blank">https://en.wikipedia.org/wiki/Contemporary_folk_music</a> Americana Music: <a href="https://en.wikipedia.org/wiki/Americana_(music)" rel="nofollow" target="_blank">https://en.wikipedia.org/wiki/Americana_(music)</a> Hurricane Florence: <a href="https://en.wikipedia.org/wiki/Hurricane_Florence" rel="nofollow" target="_blank">https://en.wikipedia.org/wiki/Hurricane_Florence</a> “Temporal View of the Costs and Benefits of Self-Deception” Gino, Norton, Ariely: <a href="https://www.hbs.edu/faculty/Pages/item.aspx?num=39857" rel="nofollow" target="_blank">https://www.hbs.edu/faculty/Pages/item.aspx?num=39857</a> Eric Oliver, Episode 172: <a href="https://behavioralgrooves.com/episode/how-to-talk-to-your-friends-about-their-conspiracy-theories-with-eric-oliver/" rel="nofollow" target="_blank">https://behavioralgrooves.com/episode/how-to-talk-to-your-friends-about-their-conspiracy-theories-with-eric-oliver/</a> Andrea Mannberg, Episode 199: <a href="https://behavioralgrooves.com/episode/how-decision-making-is-critical-for-back-country-skiers-and-sex/" rel="nofollow" target="_blank">https://behavioralgrooves.com/episode/how-decision-making-is-critical-for-back-country-skiers-and-sex/</a> Behavioral Grooves Patreon Site: <a href="https://www.patreon.com/behavioralgrooves" rel="nofollow" target="_blank">https://www.patreon.com/behavioralgrooves</a>  Musical Links Jay Shogren “Let’s Fall Behind”: <a href="http://www.jshogren.com/https/jshogrenshanghaidbandcampcom/track/lets-fall-behind" rel="nofollow" target="_blank">http://www.jshogren.com/https/jshogrenshanghaidbandcampcom/track/lets-fall-behind</a> David Bowie “Under Pressure” with Annie Lennox and Queen: <a href="https://www.youtube.com/watch?v=fCP2-Bfhy04" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=fCP2-Bfhy04</a>

Linda Thunstrom: Are Thoughts and Prayers Empty Gestures to Suffering Disaster Victims?

Stephen Newbold

On this bonus episode, I am joined by Linda Thunstrom and Stephen Newbold who are Assistant Professors at the University of Wyoming. Along with co-authors, they produced a very interesting paper quantifying the costs and benefits of social distancing. We take a deep-dive into this paper which is a very timely piece of work.Given the time constraints, Stephen and Linda produce a fairly robust argument in favour of social distancing. This provides an evidence base to reassure us that even the hard-nosed economists agree that the current course of action is correct. If you would like to support: http://www.patreon.com/IrishEconPod Hosted on Acast. See acast.com/privacy for more information.

On this bonus episode, I am joined by Linda Thunstrom and Stephen Newbold who are Assistant Professors at the University of Wyoming. Along with co-authors, they produced a very interesting paper quantifying the costs and benefits of social distancing. We take a deep-dive into this paper which is a very timely piece of work.Given the time constraints, Stephen and Linda produce a fairly robust argument in favour of social distancing. This provides an evidence base to reassure us that even the hard-nosed economists agree that the current course of action is correct. If you would like to support: <a href="http://www.patreon.com/IrishEconPod" rel="nofollow" target="_blank">http://www.patreon.com/IrishEconPod</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

#13: The Economics of Social Distancing  - Dr. Linda Thunstrom & Dr. Stephen Newbold (University of Wyoming) 