Think: Business Futures

Think: Business Futures is about so much more than money.

Hosts David Brown and Nicole Sutton go beyond the buzzwords, and takes cutting-edge research and real world examples, to explore the complexities of a current business story.

Is making better choices making you unhappy?


Homo Economicus, or ‘economic man,’ is someone who always makes the most rational financial decisions based on self interest. This idea forms the basis of many theories about how we consume.


If we always make the most rational decision, then having more options to choose from will allow us to maximise our decision in order to achieve the best outcome. But what if we don’t behave like homo economicus and prefer to choose the option that is ‘good enough?’


On this episode, we speak with early career researcher, Alex Belli, about choice and consumer well being.


Further Reading:

  1. You can read more about Alex’s research here.
  2. Barry Swartz is a professor of psychology and economics at Swarthmore College and the author of The Paradox of Choice.
  3. You can read Iyengar and Leppar’s famous ‘jam study’ here.
  4. Alain De Botton’s Status Anxiety examines the psychological impacts of consumption.
  5. You can read Jennifer Aaker’s article How Happiness Affects Choice in the Journal of Consumer Research


Music:

Johannes Bornlof- Aqueous

Martin Gauffin- Southern Flavors

Aiolos Rue- Unscrambler

Rubik’s Cube- From Now On

Magnus Ringblom- 1970’s Cinema Era 2


In the commercial context, research and development, or R&D, is a strategic choice made by a business in the pursuit of competitive advantage. But what does this for governments funded R&D? Should society expect an immediate return on investment in the same way?


On this episode of Think Business Futures, we turn the tables on our co-host Nicole Sutton, to ask why a society would choose to fund R&D with taxpayer money.


Further Reading:


David Brown Nicole Sutton David Thodey CSIRO


How would the finance industry and society as a whole benefit from a stronger ethical framework? After the fallout from the 2008 Global Financial Crisis, many people would say that ethics and finance are an oxymoron.


On this episode, we speak to Gerhard Hambusch, Senior Lecturer in finance at the University of Technology Sydney, about teaching ethics to finance students. Gerhard believes the finance industry can work to instill a public trust in the fairness of markets through ethical training and practice.


Further Reading:

  1. You can find Gerhard on Twitter @GerhardHambusch, LinkedIn or on the UTS website.
  2. Still not clear on the legal definition of insider trading in Australia? You can find the relevant legislation in the Corporations Act 2001 Section 1043A
  3. Dr Simon Longstaff is the Executive Director of The Ethics Centre
  4. For more information on the Chartered Financial Analyst Program, visit The CFA Institute


Music: Michael Meem, Peter Sandberg and Matt Haik

David Brown Nicole Sutton Gerhard Hambusch Simon Longstaff ethics finance


On this episode, we speak to Peter Siminski, professor of economics at the University of Technology Sydney, about income mobility in Australia.


Plus, Nicole speaks to former New South Wales Premier and Foreign Affairs Minister, Bob Carr about the importance of equality of opportunities in Australia



Further Reading:


David Brown Nicole Sutton Peter Siminski Bob Carr


With obesity on the rise in many western countries, researchers have tried to understand why we’re overeating. Despite the large volume of research, there seems to be no simple solution. On this episode, we speak to Natalina Zlatevska, Senior Lecturer in Marketing at the University of Technology Sydney, about how plate and portion sizes affect the amount we eat.

Further Reading:

Natalina Zlatevska David Brown Nicole Sutton UTS Business School