It takes a long time to build up credibility, but you can lose it in an instant. What would it take to justify lying to the public for their own good, and are the benefits worth the costs? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss the costs and benefits of the government lying to its own citizens. They then discuss the topic with Dr. Jay Bhattacharya (Professor of Medicine at Stanford University’s Medical School, PhD in Economics, fellow of the Hoover Institution, and associate at the National Bureau of Economic Research) in the context of his prescient research during the COVID pandemic.

All Else Equal: Making Better Decisions is a podcast produced by Stanford Graduate School of Business. It is hosted by Jonathan Berk, The A.P. Giannini Professor of Finance at Stanford GSB, and Jules van Binsbergen, The Nippon Life Professor in Finance, Professor of Finance, at The Wharton School. Each episode provides insight into how to make better decisions.


Submit your questions to the show here: https://bit.ly/AllElseEqual
Find All Else Equal on the web: https://www.gsb.stanford.edu/business...