unSILOed with Greg LaBlanc

Greg La Blanc
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May 19, 2023 • 55min

282. Fostering Corporate Innovation feat. Andrew Binns

Innovation is both extremely important to the life of a corporation and also extremely tricky to regularly achieve and maintain. There are certain strategies that tend to yield higher innovation, but at its heart are the people, the corporate explorers that drive things forward.Andrew Binns is the co-founder and manager of Change Logic, an advisory firm, and the author of several articles and books. His latest book, Corporate Explorer: How Corporations Beat Startups at the Innovation Game, co-written with Charles O’Reilly and Michael Tushman, is about the differences in how corporations and startups approach encouraging innovation, and analyzes those efforts for how effective they are.Andrew and Greg discuss the innovation industry and the three stages of innovation. They talk about the differences between product-centric and customer-centric thinking, the paradox of limiting uncertainty and innovation, corporate explorers, and which ones end up succeeding. They discuss the concepts of feedback and it’s counterpart, ‘feedforward,’ and some examples of successful corporate innovation cultures. *unSILOed Podcast is produced by University FM.*Episode Quotes:It’s all about passion, not process45:45: Corporations get wrapped up in thinking that the answer is about process, right? I can't tell you how many people ask me, "How do you make a repeatable process of this?" when they haven't even done it once. Have something to repeat, please. And then structure—how do we get the right organization structure around this? And we miss the importance of the individual with passion to solve a customer problem who is going to find that strong personal motivation. Because whether you're a corporate explorer or an entrepreneur, you are signing up for a really hard life. (46:37) And if you're going to live through that, you need passion. You need to be committed to solving the problem that you face. And that's what all of these examples in Corporate Explorer tell you about.18:32: The thing that we know about innovation is that you need to hold open your ability to learn and see multiple possibilities.How business logic kills the explorer in corporate innovation21:32: You've got to pursue your innovation to the scale of the opportunity, the scale of the market, not the scale of what you think can get past your manager or what you can squeeze through the stage gate process. That is exactly how exploit or core business logic kills the explorer in corporate innovation.Re-orienting ourselves when we talk about risks 25:23: This is a fundamentally important thing to re-reorient ourselves in terms of how we engage in talking about the topic of risk. Because one thing is for sure: in a traditional corporate career, you do not get rewarded by saying, "I don't know," right? That is counter-cultural. So unless you take it head-on, it's going to be hard to make progress.Show Links:Recommended Resources:Exploration and Exploitation in Organizational LearningFrancesco Starace Professional ProfileFrancesco StaraceCharles O’ReillyMichael TushmanunSILOed episode feat. Michael ArenaGuest Profile:Professional Profile on Change LogicAuthor’s Profile on the Corporate ExplorerAndrew Binns on TwitterAndrew Binns on LinkedInHis Work:Andrew Binns on Google ScholarWork in California Management ReviewWork in Harvard Business ReviewCorporate Explorer: How Corporations Beat Startups at the Innovation GameThe Missing Discipline Behind Failure to Scale Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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May 17, 2023 • 1h 1min

281. The Plague Paradox feat. Kyle Harper

Over the course of history, as human civilization has developed and advanced, so have our microbial enemies. This has led to a vast and diverse disease pool dating all the way back to the last Ice Age. Kyle Harper is a professor of Classics and Letters at the University of Oklahoma. In his books, Plagues upon the Earth: Disease and the Course of Human History and The Fate of Rome: Climate, Disease, and the End of an Empire, he examines the history of disease and its impact on the human race. Kyle and Greg discuss how Rome was both a rich and sick society, the common misconceptions about disease, and what history should have taught us about COVID-19. *unSILOed Podcast is produced by University FM.*Episode Quotes:The two basic problems of parasites16:05: Every microparasite has a couple of really basic problems. The two most basic problems are: how do I survive the immune system of a host? Because our immune system is absolutely amazing. I mean, it wins 99.99999% of the time. They're incredible at picking out foreign cells or particles and getting rid of them. And so that's a really hard problem. The other really hard problem that every germ has is: how do I get from one host to the next? Because if I want to pass on my genes to future generations, I can get a few generations inside a host, but I've ultimately got to keep going to the next host, or my children's, children's children have to go to the next host.The human body is responsive to things around it06:06: The human body is responsive to things around it, things we put into it. And so, the human body changes over time, and it can be a crude yet really, really powerful way of thinking about changes in human health.How can human societies bring infectious disease under control49:37: Human societies are able to bring infectious diseases under control through the deployment of a number of always-overlapping mechanisms. And so you need all of it. You need good nutrition; you need economic growth and development that give particularly children high levels of nutrition to survive infection. You also need good policy. This would include number one, clean water, and number two, mandatory vaccination.Infections hinder growth development07:58: If your whole childhood is fighting off nasty infections, your body doesn't have the energy budget to invest in growth. So it's not just what you eat—protein is one thing. It's also eating away your energy, like little microparasites that you're fighting off constantly. And then other things—social stress, the kind of work environment— So bones. Tell a big story.Show Links:Recommended Resources:Edward GibbonPlagues and Peoples Edward JennerGuest Profile:Faculty Profile at University of OklahomaFaculty Profile at Sante Fe InstituteProfessional Profile on AcademiaKyle Harper's WebsiteKyle Harper on TwitterHis Work:Article on AeonKyle Harper on Google ScholarPlagues upon the Earth: Disease and the Course of Human HistoryThe Fate of Rome: Climate, Disease, and the End of an EmpireFrom Shame to Sin: The Christian Transformation of Sexual Morality in Late AntiquitySlavery in the Late Roman World, AD 275–425  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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May 15, 2023 • 57min

280. The Story of Money feat. Frederick Kaufman

Money is a mirage, and the harder and deeper you look into it, the hazier it can become. It is a human construct, a tool that we have all agreed to hold value in so that we can exchange it with each other for goods and services, but what is it really? How did we all come to agree on this abstract thing together, and where does it go from here?Frederick Kaufman is a journalist, professor of English and Journalism at the City University of New York, and an author. His latest book is called The Money Plot, and explores the story of how money has been developed and used in human cultures as a narrative, and uses that narrative to reveal a deeper understanding of this human construct we all use.Frederick and Greg discuss Frederick's connections and history coming through journalism to the areas of both food and money, as well as their surprising connections to each other. Frederick addresses some of the longstanding myths of the history of money and reveals some of the falsehoods and what the realities are instead. They talk about how looking at finance through the eyes of an English professor can show things that the typical finance-minded person would miss.*unSILOed Podcast is produced by University FM.*Episode Quotes:How is establishing a narrative the same as establishing a currency?31:41: Once you can establish the context for trading and establishing, this is our currency. That's where the money is. And that's precisely similar to establishing any narrative. Once we establish the grounds of a narrative, a Christian narrative, for instance, then we understand our basis for meaning. The same thing here. Once we understand that commodity narrative, that's where we make money. The problem is to make other people believe it.How Wall Street makes its living18:59: This is how Wall Street makes its living: through derivative trades and through understanding metaphors upon metaphors, upon metaphors. And they are, in my estimation, better poets than anybody out there today. I say the guy who's trading in derivatives, the guy who's an options trader, the guy who's using the Black-Scholes theorem to price options, really understands the ethereal realm of the sublime better than any other poet out there.What lies underneath the narrative of money02:17: I think, ultimately, the point of the book is that we have to remember that stories do define us, and we have to remember that it's about us. It's about humans, about human bodies, about human shelter, and about human need. All those things have to come first. We cannot be the victims of the stories that we tell.Public vs. private realm53:18: When everything that was in the private realm is now in the public realm, what the hell is it that we got? What do we have anymore that defines me? And the answer is increasingly, nothing.Show Links:Recommended Resources:Adam SmithAlfred KroeberRai StonesGuest Profile:Faculty Profile at CUNYFrederick Kaufman’s WebsiteFrederick Kaufman on TwitterHis Work:Articles on Men’s HealthThe Money Plot: A History of Currency's Power to Enchant, Control, and ManipulateBet the Farm: How Food Stopped Being FoodA Short History of the American Stomach Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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May 12, 2023 • 49min

279. An Anthropological Look at Legal Systems feat. Fernanda Pirie

Is law an instrument of the state? Or is it broader than that? Fernanda Pirie is a professor of law and anthropology at the University of Oxford. Through her books like, The Anthropology of Law and The Rule of Laws: A 4,000-Year Quest to Order the World, she makes the distinction that law is a particular type of custom that doesn’t necessarily need a governmental system to exist. In this episode, Fernanda and Greg discuss the earliest iterations of legal systems in history, Fernanda’s view on what makes something a real law, and is the modern Western way of doing things really the best way. *unSILOed Podcast is produced by University FM.*Episode Quotes:Do we underappreciate and undervalue other non-state institutions and their role in resolving disputes?48:37: I think we underestimate how difficult it is to develop those institutions from scratch. We can't just take a model that's worked somewhere else and assume it's going to work in a different context. You know, it's all about understanding the local dynamics, which are different. Who are the powerholders? Who do people listen to? Who has respect? What are the tensions in the community? What are the prejudices? And all of that comes into the effectiveness of any local systems.Do we have a vague concept of the law?04:00: Our concept of law is very vague; the way we use it in everyday language, it covers all sorts of things. It covers the process of you going to the law to resolve our disputes. We talk about law in general ways: "Oh, the laws of these people." Meaning the customs we think about as law in the books. It's one of those words. It's slippery.A particular area where people approach disputes and the law is important53:18: When dealing with transnational aspects, the factor that a lot of international lawyers worry about is their enforcement. Are things democratic? They apply the ideals and ideologies of the modern nation-state to the legal processes that develop transnationally because they have to because they're transnational problems. And I think it's important not to assume that everything has to work. Like how state law works, it's important to allow that there can be effective ways of approaching disputes and making laws that might work in different ways.Show Links:Recommended Resources:Clifford GeertzAlexis de TocquevilleCourt of piepowders The StanneriesThe History of English LawCode of HammurabiJames WhitmanPersian LettersGuest Profile:Faculty Profile at University of OxfordProfessional Profile on Maitland ChambersFernanda Pirie on TwitterHer Work:Article on TIme MagazineThe Rule of Laws: A 4,000-Year Quest to Order the WorldThe Anthropology of Law Legalism: Community and JusticePeace and Conflict in LadakhLaw before Government: Ideology and Aspiration Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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May 10, 2023 • 59min

278. The Real Value of Museums feat. Daniel H. Weiss

Museums are centers for culture, for art, and for conversation. They are places where the far ends of the earth come together in the same place and expose people of all ages to things from across space and time. They also draw the past into the present and become centers for experiencing and understanding humans and humanity.Daniel H. Weiss is an art historian and president of The Metropolitan Museum of Art (The Met) in New York City. He is also an author, and his latest book is called Why the Museum Matters. It examines the roles museums have played in our culture, what their purpose is in the present, and their uncertain future. Daniel and Greg discuss Daniel’s experience with the Met and other museums, as well as the history of the Met and how it was created, what separates museums from universities, how to engage visitors and convert them into lifelong museum-goers, as well as Daniel’s take on protests in art museums and the economics behind the Met’s ‘pay what you wish’ policy.*unSILOed Podcast is produced by University FM.*Episode Quotes:The role of museums in creating meaningful experiences17:16: I think the role of museums is to present material, ideas, content in ways that engage people in meaningful learning experiences that sometimes might offend them, and there's nothing wrong with that. If our objective is to present programs that everybody likes and nobody ever finds challenging, we're not likely to teach them very much—we're not likely to go very far. So we need to be thoughtful about how we make clear the agreement we hope to have with our visitors.The art of doing museum work15:41: The art of doing museum work thoughtfully is reaching out to people in ways that invite them in that are not threatening or intimidating to them but also allow them to learn new things.How do museums make the world a better place?29:04: If you were to ask me how the museum makes the world a better place, I would say, ideally, it creates better global citizens because the more people learn about other cultures, the more respectful they are, and maybe they'll be less inclined to go to war with them, or they might be more inclined to try to learn more about why a point of view that they hear is different from their own because they're seeing something about this other culture. That might give them pause, and that might give them the opportunity for reflection and respect, so it makes for better global citizens.How museums differ from educational institutions02:33: Museums are places where materials—I'd say cultural materials—can be broadly real. It can be scientific materials or sports objects where we use objects to help us understand our own history, our own experience, and to connect us to ideas. And that can be in any number of ways.Show Links:Recommended Resources:The Met Museum of ArtThe Louvre MuseumJohn JayThe Met removing Pay-As-You Wish ProgramProtestors Put Soup on Van GoghThe Constitution of Knowledge: A Defense of TruthGuest Profile:Alumni Profile at GWUProfessional Profile on Wallace FoundationHis Work:Article about Daniel’s Tenure as Met DirectorWhy The Museum MattersArt and Crusade in the Age of St. Louis Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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May 8, 2023 • 49min

277. Resilience Begins at Birth feat. Erica Komisar

Mental health disorders have become an epidemic in today's society. Yet, we often fail to recognize the critical impact of early childhood adversity and our relationships with our parents, especially our mothers, on the mental and physical health of adolescents.Erica Komisar is a psychoanalyst and also a contributor, contributing editor at the Institute for Family Studies, journalist, and author. Her recent book “Chicken Little the Sky Isn't Falling: Raising Resilient Adolescents in the New Age of Anxiety” explores how to raise emotionally healthy, resilient adolescents in a time of great stress.Erica and Greg discuss how the cultural emphasis, especially in the West, on individual success outside of the home often results in a reluctance to make necessary sacrifices in raising children and why dedicating time to establish a strong emotional foundation for the future generation is a significant and fulfilling responsibility for every parent.*unSILOed Podcast is produced by University FM.*Episode Quotes:What is attachment theory?14:52: Emotional security, meaning trusting that your primary attachment object is there for you from moment to moment to help you with what we call "regulate" your emotions, keeping them from going too high or too low and helping you through distress, provides you with the kind of security that says, "The world is a safe place. I can deal with the adversity that comes my way." That is attachment theory.Raising a child requires sacrifice08:19: Having children is the easy part; caring for them requires sacrifice. And we cannot raise healthy children if we're not willing to sacrifice.Humans and denial02:17: As human beings, we have a great deal of denial. It helps us get along, function, forget, avoid painful feelings, and avoid responsibility. So, denial is one of the most powerful human defenses. And that's not an accusation. That's just as a psychoanalyst. That is just a fact.Self-awareness is the cornerstone of mental health03:38: Self-awareness is the cornerstone of mental and physical health. If we're not aware that we're doing harm to ourselves, we end up sick. If we're not aware we're doing harm to our children, they end up sick.Show Links:Recommended Resources:The Science of the Art of Psychotherapy by Allan N. SchorePenelope LeachJudi MesmanBig Ocean WomenGuest Profile:Publisher Profile on Simon & SchusterErica Komisar’s WebsiteErica Komisar on LinkedInErica Komisar on TwitterErica Komisar on YouTubeHer Work:Erica Komisar’s ArticlesChicken Little the Sky Isn't Falling: Raising Resilient Adolescents in the New Age of AnxietyBeing There: Why Prioritizing Motherhood in the First Three Years Matters Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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May 3, 2023 • 32min

276. The Bubble Triangle feat. William Quinn

There are three necessary conditions for a fire to start – oxygen, heat, and fuel. The same can be said for financial bubbles. In order for them to happen, three conditions must be in place.In his book, Boom and Bust: A Global History of Financial Bubbles, economic and financial historian William Quinn lays out what those conditions are in what he calls, “the bubble triangle.” At Queen’s University Belfast, he’s a senior lecturer in finance and researches historical stock markets, stock market bubbles, and market corners. William and Greg discuss the three sides of the bubble triangle, how narratives in the media shape bubbles, and historical bubbles that have gone overlooked. *unSILOed Podcast is produced by University FM.*Episode Quotes:The bubble triangle04:43: ​​We came up with this model, which we called the bubble triangle. And this is similar to the fire triangle in chemistry. (05:20) So it's also got three sides. The first side is now what we call marketability, which is similar to liquidity. So, how easy are assets to buy and sell? This is multi-dimensional. So, what are the laws surrounding how easy it is to buy and sell this asset? How divisible is it? Can you package it up and sell it in small quantities? What are the transaction costs involved? What are the legal costs involved? Does anything have to physically change hands to buy it? And what we find is that the more marketable an asset is, the less work you have to do to buy and sell an asset, and the more likely it is to experience a bubble.The two things you can take away from economics29:35: I love historians. I love history, and I love history books. What I think they could take from economics is rigor and formal reasoning. So, for an economist to say that one thing caused something else, they will need to set out a counterfactual.All markets are political31:43: All markets are political to some extent, and it's not enough to say, "Look, these prices are being propped up by the government; therefore, there's going to be a crash." You need to make the argument that that can't go on, that this political interference isn't sustainable. And that's why prices are going to fall, but it's very difficult.Looking at three sides of the bubble triangle22:40: We look at the three sides of the bubble triangle. So is there a lot of money? And right now, there is a lot of marketability. Is marketability increasing? There is a lot of speculation, and right now, these conditions are in place, so we're going to get a lot of bubbles in the near future.Show Links:Recommended Resources:Dot-com BubbleJapan’s Bubble EconomyRobinhoodThe Great British Bicycle BubbleTulip ManiaCharles Ponzi2008 Housing Market CrashCryptocurrency BubbleWall Street Crash of 1929Robert ShillerGuest Profile:Faculty Profile at Queen’s University BelfastAuthor’s Profile on Social Science Research NetworkWilliam Quinn on LinkedInWilliam Quinn on TwitterHis Work:Boom and Bust: A Global History of Financial Bubbles Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Apr 28, 2023 • 51min

275. The Madness of Crowds feat. William Bernstein

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner.William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. *unSILOed Podcast is produced by University FM.*Episode Quotes:When it comes to pattern recognition, who are the right people to listen to?47:23: ​​When I'm listening to an analyst or a commentator, what I'm listening for is not how eloquent they are or how smart they sound, because it turns out that the most eloquent people tend to be people who can get away with a lot of analytical sloppiness. What I'm looking for is nuance. I'm looking for someone who can see both sides of an argument and argue something from both sides.Who are the people you want to make decisions for you?06:37: Rationality and intelligence are entirely orthogonal. There are people who really aren't all that brilliant but are eminently rational. Those are the kinds of people you want making decisions for you.Are you a seller or consumer opinions?31:43: If you are a seller of opinions and want to sell opinions, then you tell stories. But if you are a consumer of opinions, you want to ignore the stories and focus on the data.Show Links:Recommended Resources:The Late Great Planet EarthWilliam MillerDual Process Theory Daniel KahnemanAlex JonesExtraordinary Popular Delusions and the Madness of Crowds Premillennialism David KoreshShiva Dome of the RockDr. StrangeloveGuest Profile:William J. BernsteinProfessional Profile on Literary HubProfessional Profile on CFA InstituteHis Work:Articles on Financial TimesThe Delusions Of Crowds: Why People Go Mad in GroupsThe Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in BetweenThe Four Pillars of Investing: Lessons for Building a Winning Portfolio Rational Expectations: Asset Allocation for Investing Adults (Investing for Adults) The Birth of Plenty: How the Prosperity of the Modern World was Created A Splendid Exchange: How Trade Shaped the Worldhttps://a.co/d/1Db5SrC Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Apr 26, 2023 • 49min

274. The New Science of Political Economy featuring James A. Robinson

Does a strong state mean a weak market? This is a common misconception amongst economists. Many view the state as either taxing and regulating the market too much or too little. However, the truth is that state capacity is just not well conceptualized in economic theory.James A. Robinson is a political scientist, economist, and professor at the University of Chicago. His recent book, co-authored with Daron Acemoglu, “The Narrow Corridor: States, Societies, and the Fate of Liberty,” explores the critical balance needed between state and society and how liberty can continue to thrive despite threats from both sides.James and Greg explore the correlation between inclusive political institutions and economic growth and prosperity and why the absence of state capacity in developing nations is a major contributing factor to their economic struggles. This highlights the necessity for a genuine debate on whether strong governments and effective state institutions facilitate or stifle independence and innovation. *unSILOed Podcast is produced by University FM.*Episode Quotes:The two dimensions to political institutions 27:45: ​​There's two dimensions to political institutions. There's this issue of the breadth of political power in society, and there's also the capacity of the state. So we say why nations fail. Well, you can have extractive political institutions if either or both of those things fail. Either if the state lacks capacity or you have narrow distribution of political power.19:25: You can't have inclusive economic institutions on the whim of some autocrat or dictator. It's who benefits from inclusive institutions. They have to be empowered politically to demand them.Building institutions is not an engineering problem31:43: Building institutions is not an engineering problem. It's an equilibrium between these different forces. And so the state is always trying to get out of control, and you can hem it in a bit with institutions and stuff, but it also needs society to do that.When it comes to giving helpful policy advice, the devil is in the details40:18: In order to give useful policy advice, you have to get into all the details of different cases, and at some point, these big social science generalizations don't help you much to know what to do. Maybe the idea of getting into the corridor is useful and institutionalizing the power of civil society and how you deal with all the problems that are different. (40:48) All those details are going to be very important in figuring out what to do.Show Links:Recommended Resources:The Rise of the Western World: A New Economic History by Douglass C. North and Robert Paul ThomasMaster of the Senate: The Years of Lyndon Johnson III by Robert A. CaroThe Power Broker: Robert Moses and the Fall of New York by Robert A. CaroThe Confounding Island by Orlando PattersonGuest Profile:Faculty Profile at University of ChicagoProfessional Profile on IGCProfessional Profile on National Bureau of Economic ResearchHis Work:James A. Robinson on Google ScholarArticles on Project SyndicateThe Narrow Corridor: States, Societies, and the Fate of LibertyWhy Nations Fail: The Origins of Power, Prosperity, and PovertyEconomic Origins of Dictatorship and DemocracyNatural Experiments of History Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Apr 24, 2023 • 38min

273. Putting the Science into Political Science feat. Bruce Bueno de Mesquita

In order to make an impact in the political world, we need to understand the science of politics, which means setting aside emotion and designing general models of strategic behavior and equilibrium drawn from game theory. These models may not only explain the past but predict the future.Bruce Bueno de Mesquita is a political scientist, a professor at New York University, and a senior fellow at the Hoover Institution. He is also an author, and his latest work is titled, The Invention of Power: Popes, Kings, and the Birth of the West, where he argues that battles over power nearly 1000 years ago have had profound consequences for European history up to the present.Bruce and Greg discuss all of Bruce’s books, how to use game theory, and to look at political science analytically, just like any other science. They go over the emergence of Western Europe, the rise and fall of dictatorships, and the possible fate of Vladimir Putin. *unSILOed Podcast is produced by University FM.*Episode Quotes:What makes game theory such a powerful tool for predicting present and future outcomes?13:45: ​​People think about their own well-being. They're interested in making themselves, their families so forth, better off. They understand that rivals, competitors are thinking exactly the same thing about themselves. So you have to figure out what should I do? And how will people competing with me react to what I do. Will I be worse off if I do what I really want, or will I be better off doing what I really want or doing something else? Well, that's the domain of game theory. It is how entities—in this case, people—interact strategically.Why dictators keep their inner circle small23:41: Dictators depend on very few people to keep them in power, so they have to keep those people sufficiently happy that they don't find a rival who could do better by them.One of the unfortunate features of political science02:52: If you want to improve the way the world works, from whatever lights you have as to what is an improvement. You can't do that without understanding what makes it come out the way it is so that you can figure out how to incentivize, by rewarding or punishing people, to behave differently. That requires science. It doesn't require opinion. It doesn't require speculation. It doesn't require partisanship.Rationality doesn’t require that you’re right21:08: Rationality doesn't require that you're right. It just requires that your actions are motivated by your beliefs about what are the things that you should do now.Show Links:Recommended Resources:Perfect Bayesian equilibriumThe Concordat of WormsGuest Profile:Faculty Profile at  NYUProfessional Profile at  American Academy of Arts and SciencesBruce Bueno de Mesquita on LinkedInBruce Bueno de Mesquita on TEDTalkHis Work:Bruce Bueno de Mesquita on Google ScholarArticles for HooverArticles on The AtlanticThe Invention of Power: Popes, Kings, and the Birth of the WestThe Dictator's Handbook: Why Bad Behavior is Almost Always Good PoliticsThe Predictioneer's Game: Using the Logic of Brazen Self-Interest to See and Shape the FutureWar and Reason: Domestic and International Imperatives Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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