Join Stanford GSB finance professor Jonathan Berk and Jules van Binsbergen of The Wharton School in a conversation with prominent business leaders about common flaws in&nbsp;the decision making process and what to do about them. Learn more at <a href="http://allelseequalpodcast.com" rel="noopener noreferrer" target="_blank">AllElseEqualPodcast.com</a>.All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by <a href="https://university.fm/" rel="noopener noreferrer" target="_blank">University FM.</a>

&lt;p&gt;All Else Equal is taking a short break over the summer and will be revisiting some of our favorite conversations from last season. The show will be back with new episodes soon.&lt;/p&gt; 
&lt;p&gt;In the final part of this two-part interview, Steven Pinker, an experimental psychologist and Harvard professor, again joins hosts and finance professors Jonathan Berk and Jules van Binsbergen to discuss his new book &lt;i&gt;When Everyone Knows That Everyone Knows: Common Knowledge and the Mysteries of Money, Power, and Everyday Life&lt;/i&gt;.&lt;/p&gt; 
&lt;p&gt;In this episode, Jonathan and Jules break down more revelatory examples from Steven’s book that demonstrate how common knowledge is a first order explanatory variable for how humans behave. They also explore the role common knowledge plays in financial markets, particularly when it comes to speculative trading, and examine common knowledge in an academic freedom sense, highlighting the del&lt;/p&gt; 
&lt;p&gt;Find All Else Equal on the web: &lt;/p&gt; 
&lt;p&gt;&lt;a href=&quot;https://lauder.wharton.upenn.edu/allelse/&quot; rel=&quot;noopener noreferrer&quot;&gt;https://lauder.wharton.upenn.edu/allelse/&lt;/a&gt;&lt;/p&gt; 
&lt;p&gt;All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through &lt;a href=&quot;https://university.fm/&quot; rel=&quot;noopener noreferrer&quot;&gt;University FM&lt;/a&gt;.&lt;/p&gt;&lt;br/&gt; &lt;p&gt;Hosted by Simplecast, an AdsWizz company. See &lt;a href=&quot;https://pcm.adswizz.com&quot;&gt;pcm.adswizz.com&lt;/a&gt; for information about our collection and use of personal data for advertising.&lt;/p&gt;

All Else Equal: Making Better Decisions

The Data