Wellbeing is the Goal with Prof. Frank Schilbach (S4E2)
[MUSIC PLAYING] SARAH HANSEN: Today on Chalk Radio, we're expanding our traditional understanding of economics. FRANK SCHILBACH: At the end of the day, what economists should be trying to do or economics should try to do is maximize people's well-being. SARAH HANSEN: I'm your host, Sarah Hansen. Today we're talking about economics and well-being. From exploring the impact of sleep trends in decision-making, to dissecting why students procrastinate, Dr. Frank Schilbach is working to understand how our psychological well-being impacts our economic behaviors and vice versa. FRANK SCHILBACH: My name is Frank Schilbach. I'm an associate professor at MIT in the Economics Department. I study mostly issues related to poverty, studying development economics for developing countries, and I'm specifically interested in issues that disproportionately affect the poor that are, in one way or the other, psychological or have psychological effects. These include s...