July 18, 2022

63. Cheap Talk: What Economics Has to Say About Communication

63. Cheap Talk: What Economics Has to Say About Communication

In this episode, we explore how economic concepts show up in everyday communication.

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Your words — are they credible? Or are they what Paul Oyer calls “cheap talk?”

According to professor of economics Paul Oyer, how our words align with our actions isn’t just a matter of communication, but a matter of economics too. Economic concepts hold in all areas of life, which Oyer’s research has explored in everything from Uber driving to online dating.

“Economics is everywhere,” Oyer says. “It's an incredibly powerful lens to analyze almost anything in the real world.”

 

Show Notes:

An Economist Goes to the Game: How to Throw Away $580 Million and Other Surprising Insights from the Economics of Sports by Paul Oyer

"Utility Player: Paul Oyer Explains How Economics Can Make Sports More Fun"

Books by William Manchester

Empire Falls by Richard Russo

Paul Oyer Profile Photo

Paul Oyer

Professor at Stanford University