On November 4, 2023, renowned economist Judd Kessler from the Wharton School will deliver a compelling talk focused on the unseen markets that influence everyday life. Scheduled for 4:30 p.m. at Goldwin Smith Hall in Lewis Auditorium, Kessler aims to illuminate the dynamics of these hidden markets and how individuals can strategically navigate them.
Kessler, the author of “Lucky by Design: The Hidden Economics You Need to Get More of What You Want,” argues that securing opportunities such as dining reservations at popular restaurants, job offers, coveted spots in prestigious preschools and colleges, romantic connections through dating apps, or even essential organ transplants is not merely a matter of chance. These outcomes do not follow traditional pricing strategies typical in most economic discussions.
Understanding the Mechanics of Hidden Markets
During his presentation, Kessler will explain how these markets function and provide insights on how individuals can enhance their chances of success within them. He emphasizes that the results in these markets are significantly influenced by personal choices and the underlying rules governing them.
Ted O’Donoghue, the Zubrow Professor of Economics at the College of Arts & Sciences and co-organizer of the event, highlighted the importance of Kessler’s perspectives. “In these types of hidden markets, what you get depends on the choices you make and the rules the market operates on,” he stated.
Attendees will have the opportunity to engage with Kessler’s ideas, which challenge conventional understandings of success and decision-making in various aspects of life. The insights provided during this talk may empower individuals to approach their personal and professional pursuits with newfound strategies.
For those interested in exploring the intersection of economics and everyday decision-making, Kessler’s talk promises to be both enlightening and practical. The Wharton School continues to be a leading institution for innovative economic thought, and this event is part of its ongoing commitment to provide valuable insights to the community.
Further details about the event can be found on the College of Arts and Sciences website.
