Economic Rockstar

054: Christine Exley on the Economics of Volunteering, Market Failure in the Homeless Dog Market and Wagaroo

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Sinopsis

Christine Exley is Professor of Business Administration at Harvard Business School. Christine is also Co-founder and Chief of Research at Wagaroo - an organisation dedicated in re-housing homeless dogs to responsible and loving families. Wagaroo was founded to bring a simple principle to life: When it comes to getting a pet, it's time to make it easier for people to do the right thing! No puppy mills. No backyard breeders. Just owners, rescues, responsible breeders, and shelters working together to find great homes for dogs who need them. Find out more at wagaroo.com. In this episode you will learn: the use of assumptions in economic models for testing. how to encourage volunteering and whether monetary incentives work. how a trip to Honduras changed Christine’s academic path from mathematics to economics. how a story about an individuals’ plight can be a powerful message to have people react in a charitable manner, while the plight of millions with no media coverage of a personal story of suffering c