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Behavioral Economics and Behavioral Finance Manifesto

Steve Shu Consulting

In this post, I want to share my thoughts on design values related to behavioral economics and behavioral finance (which going-forward in this post I’ll simply refer to as behavioral science for brevity). Recognize manipulation or influence (intended- or side-effects) and act ethically. Intend to help, not manipulate.

Finance 186
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Why Finance Needs More Humanity, and Why Humanity Needs Finance

Harvard Business

Mihir Desai, professor at Harvard Business School and Harvard Law School, argues for re-humanizing finance. He says the practice of finance, with increasing quantification, has lost touch with its foundations. But he says finance can be principled, ethical, even life-affirming. Download this podcast.

Finance 101
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Finding Virtue in the Finance Industry

Harvard Business

You can do well and do good.

Finance 172
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Sustainability: The Growing Importance of ESG Metrics

Tom Spencer

Governance Metrics: These assess the quality of a company’s leadership, executive compensation, and adherence to ethical standards. Starbucks, with its commitment to ethical sourcing and community engagement, has cultivated a loyal customer base that values sustainability.

Metrics 78
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Ethical Implications of AI in Consulting: A Deep Dive

Tom Spencer

While AI has the potential to bring significant benefits, it also raises important ethical questions. This article will explore some of the ethical implications of AI in consulting, and discuss potential ways to address these concerns. Potential for bias One of the main ethical concerns with AI systems is the potential for bias.

Ethics 88
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Tailoring the ISO 20700 Checklist to Your Consulting Projects

Effective Managers

Whether you’re working in healthcare, finance, or technology, the checklist will prompt the appropriate discussions and the appropriate level of documentation to ensure your consulting services are as relevant and effective as possible. Adapting to Industry Specifications Different industries have unique challenges and requirements.

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Update on Inside Nudging and Other Behavioral Science (e.g., Behavioral Economics) Efforts

Steve Shu Consulting

The update includes: Chapter 2: Organizations Can Package Behavioral Science for Good – This chapter describes a case of using behavioral finance in the retirement plan design space. I use this case to demonstrate one example of what a successful innovation center might look like.

Ethics 150