U.S. Editor, Reuters.com, Brooklyn, NY
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Oct 23, 2009

Wall Street shenanigans and the pursuit of happiness

Can’t get enough of behavioral economist Dan Ariely? That certainly seems to be a common condition at the Poptech conference in Camden, ME this week.

Ariely gave a mind-bending talk about the counter-intuitive notion that paying people more can actually make them perform more poorly — at almost the exact moment that Obama’s pay czar was unveiling plans to slash the bonuses of top banking and automotive executives by about 90 percent.

Oct 22, 2009

Lab rats, Michael Jordan and Wall Street pay

UPDATE: Watch a Reuters video interview with Ariely.

What do turn of the century lab rats, clutch NBA players like Michael Jordan, and Wall Street’s highest-paid executives have in common? Dan Ariely has some ideas.

“We study the irrationality of people and markets. 2008 was a very good year for us,” the behavioral economist noted wryly at the Poptech conference on Thursday.

    • About Adam

      "I'm a nine-year Reuters veteran who has covered a range of technology and media beats in New York and London. In 2006 I was the founding Reuters bureau chief in Second Life, a virtual world with its own currency and economy."
      Joined Reuters:
      2000
      Languages:
      Spanish
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