 |
All Else Equal: Making Better DecisionsAuthor: The Lauder Institute
Join Stanford GSB finance professor Jonathan Berk and Jules van Binsbergen of The Wharton School in a conversation with prominent business leaders about common flaws in the decision making process and what to do about them. Learn more at AllElseEqualPodcast.com.All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM. Language: en Genres: Business, Investing, Management Contact email: Get it Feed URL: Get it iTunes ID: Get it Trailer: |
Listen Now...
Ep73 “The Dangers of Group Think on Decision Making” with Adi Sunderam
Episode 93
Wednesday, 18 February, 2026
Whether it be in politics, public health, or corporate finance, why are people more likely to interpret facts or data in a way that fits their preconceived notions about the world as opposed to searching for the fundamental truth? A new paper from the Harvard Business School called, Sharing Models to Interpret Data (by Joshua Schwartzstein and Adi Sunderam)studies the propensity for people to adopt interpretations to data based on their community’s beliefs, and why this can lead to less accurate conclusions. Hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by the paper’s co-author Adi Sunderam, who is a professor of corporate finance at Harvard Business School, a research associate at the National Bureau of Economic Research, and a co-editor of the Journal of Finance. The conversation covers the complexity of Bayesian updating and how the process is improperly deployed in today’s thinking, not only in corporate decision-making but also on a sociological level. They also discuss Sunderam’s model for explaining how people interpret data, why people are more likely to fall into group-belief dynamics, and if there are any interventions that would lead to better decision-making. Read Adi Sunderam and Joshua Schwartzstein’s paper: Sharing Models to Interpret Data Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/ All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
