Can we be guided to 'better' decision making? and should we...In this episode of the Marginal Babble Podcast, I sit down with Dr Jingnan (Cecilia) Chen to discuss behavioural nudges, how they can be used to guide our decision making and the ethical questions they pose. Dr Chen has a PhD in Economics from George Mason University, and her research focuses on Behavioural Economics and Game Theory. As ever referenced research material is included below.Enjoy!Timestamps:Dr Cecilia Chen:https://business-school.exeter.ac.uk/people/profile/index.php?web_id=Cecilia_ChenReferences:1) When Choice is Demotivating: Can One Desire Too Much of a Good Thing?, Iyengar & Lepper, 2000https://faculty.washington.edu/jdb/345/345%20Articles/Iyengar%20%26%20Lepper%20(2000).pdf2) The meaning of default options for potential organ donors, Davidai et al, 2012https://www.pnas.org/doi/10.1073/pnas.12116951093) How to Spot—and Avoid—Dark Patterns on the Web, Eric Ravenscraft, 2020https://www.wired.com/story/how-to-spot-avoid-dark-patterns/4) When a nudge is (not) enough: Experiments on social information and incentives, Jingnan (Cecilia) Chen et al, 2021https://www.sciencedirect.com/science/article/abs/pii/S00142921210006475) Prisoner’s Dilemma, CFI, 2023https://corporatefinanceinstitute.com/resources/economics/prisoners-dilemma/6) Pareto Efficiency, Game Theory 101, 2023https://gametheory101.com/courses/game-theory-101/pareto-efficiency/7) Sustainable Development of the Ocean Economy! | Marginal Babble Ep.11 with Dr Ethan Addicott, Marginal Babble Podcast, 2023https://youtu.be/hrGOEvdgOfU8) “Nudge Unit”, Jill Rutter, 2020https://www.instituteforgovernment.org.uk/article/explainer/nudge-unit9) Behavioural Economics - What is Loss Aversion?, tutor2u.com, 2023https://www.tutor2u.net/economics/reference/behavioural-economics-loss-aversion10) How Much Choice is Too Much? Contributions to 401(k) Retirement Plans, Iyengar et al, 2004https://academic.oup.com/book/36222/chapter-abstract/315665311?redirectedFrom=fulltext&login=false11) Axioms of Consumer Preference and Theory of Choice, David Autor, 2010https://dspace.mit.edu/bitstream/handle/1721.1/109484/14-03-fall-2010/contents/lecture-notes/MIT14_03F10_lec03.pdf12) The Prize in Economic Sciences 2017, nobelprize.org, 2023https://www.nobelprize.org/prizes/economic-sciences/2017/popular-information/13) Subscription Businesses Are Booming. Here’s How to Value Them, McCarthy & Fader, 2017https://hbr.org/2017/12/subscription-businesses-are-booming-heres-how-to-value-them14) She uncovered key drivers of gender differences in the labour market, nobelprize.org, 2023https://www.nobelprize.org/prizes/economic-sciences/2023/press-release/15) How Much Will Climate Change Reduce Productivity in a High-Technology Supply Chain? Evidence from Silicon Wafer Manufacturing, Chen et al, 2023https://link.springer.com/article/10.1007/s10640-023-00803-4Socials:Tiktok: https://www.tiktok.com/@marginalbabbleInstagram: https://www.instagram.com/maxdorey96/Twitter: https://twitter.com/MaxDorey1LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/