Wharton Economist Explains the Hidden Markets Affecting Our Daily Lives

Knowledge at Wharton

Episode Description

EPISODE OVERVIEW Wharton professor and economist Judd Kessler shares insights from his new book, "Lucky by Design: The Hidden Economics You Need to Get More of What You Want," which helps readers strategize how to gain an advantage in the hidden markets affecting our daily lives. This episode is part of our Ripple Effect podcast's “Meet the Authors” series.

PODCAST OVERVIEW Every day, business scholars answer pressing questions in their research - but what do their insights mean for you? In this podcast, Wharton faculty dive into what inspired their studies and how their findings resonate with the world today. Learn how research insights translate into knowledge you can use, with host Dan Loney.

----- The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.

Launched in 1999, Knowledge at Wharton offers free access to:

- Articles, podcasts, and videos highlighting Wharton faculty research and analysis of current business trends - Interviews with book authors from Wharton School Press - In-depth series of curated content like Wharton Executive Education’s Nano Tools for Leaders - A searchable database of more than 10,000 articles covering all aspects of business - A weekly newsletter that delivers Knowledge at Wharton insights directly to your inbox

Visit the Knowledge at Wharton homepage: https://whr.tn/3qUpSBE Subscribe to the Knowledge at Wharton YouTube channel: https://whr.tn/3DEAgAU

Brief Summary

Judd Kessler discusses hidden markets and strategies to navigate them for better outcomes in life.

Key points

  • Lucky By Design. Judd Kessler explores the connection between luck and design in hidden markets.
  • Understanding Hidden Markets. Kessler reveals how hidden markets operate and their prevalence in daily life.
  • Strategies for Market Participation. Kessler shares strategies to navigate hidden markets effectively.
  • The Role of Scarcity. Kessler discusses how companies create artificial scarcity to drive demand.
  • Managing Personal Markets. Kessler highlights the importance of managing our own time and attention.

Ask about Knowledge at Wharton

Tension

40/ 100Low tension

Related episodes