H@H: Ep 72 – On this episode of Here@Haas, Ray talks with Shachar Kariv, Tel Aviv-native and former Department Chair of Economics at UC Berkeley. We delve into Shachar’s research on social preferences, including the 3 fundamental tradeoffs of decision-making and why Yale law students have such a disproportionate impact on society. Shachar then talks about how his virtual teaching experience and his expectations for the fall. Finally, we wrap with Shachar’s contributions towards X-Lab, a Berkeley social science laboratory, and Capital Enterprises, his own financial services startup.

Episode Quotes:

• I would actually argue that all decisions in life, large and small, financial or not financial, are basically governed by three trade offs: “Risk vs. return, today vs. tomorrow, self vs. others”
• "There is more heterogeneity in altruism within socio-demographics than across socio-demographics."
• “We live in a democracy but eventually a lot of the decisions are made by elite groups.”
• “Kale is just completely overrated. Basically I'd rather eat grass than kale.”

Links/References:

• Shachar Kariv (faculty profile)
• XLAB
• Capital Preferences
• The Undoing Project

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