Jonathan Berk

speaker
579 appearances 6 recordings 1 series first heard Jun 2026 last heard 13 Aug

Jonathan Berk’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
3 · Jul OctJan 26AprJulnow

Recordings per month over the last 12 months — 6 in all, peaking in Jul 2026 with 3.

Appearances

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But, you know, think about what happens when you run an auction.
People congratulate you.
Yes.
Right.
That said, where I'm thinking is in order for you to psychologically deal with the whole thing, you can't go down and
the road of common knowledge.
Because if you go down that road, then you won't walk into the casino because you'll say, I'm going to lose money.
So it's better just to pretend to not go down that road.
And I think in society, people do that a lot where there's an unpleasant equilibrium and they don't want to go down that unpleasant equilibrium.
So they just shut it out.
And then I think that sometimes leads to bad decisions.
Well, Stephen, it's really been a pleasure.
And I thank you so much for coming on the show.
And I'm Jonathan Burke, a finance professor at the Graduate School of Business at Stanford University.
This is the All Else Equal Podcast.
Welcome back, everybody.
Today we're going to do something different, largely because our guest today, Steven Pinker, has written a book that Jules and I decided is so all-encompassing and many of the issues we've spoken about on the show that it's worth devoting two shows to.
That's what we're going to do.
So let's first introduce the topic.
The topic is common knowledge.
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