In this episode of the Trust Your Voice podcast, host Sylvie Légère sat down with Craig Scalise, a distinguished economist with a Ph.D. from the University of Chicago and who also taught at the University of South Carolina. His publications include the book, “Intellectual Property Protection: Theory, Evidence and Policy” and the “Entrepreneurial Energy: It’s Creation and Capture” series of journal articles about innovation policy. In this conversation, Sylvie and Craig discussed: What is the essence of behavioral economics and how it delves into the complexities of human decision-making The differences between the traditional vs behavioral economics The 'nudge' concept which involves designing choices and decision environments Other behavioral economics key concepts We hope you enjoy the episode! Tell us what you think by leaving a review on Apple podcasts. Stay tuned for more episodes and be sure to subscribe to the Trust Your Voice podcast on your favorite podcast player.