All Else Equal: Making Better Decisions

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Rerun: Ep68 “Is It Better to Overestimate or Underestimate Your Enemies?” with H.R. McMaster

July 01, 2026

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.  Historically, the U.S. has had a habit of overestimating the capabilities of its enemies. Why? Is this an intentional security strategy? Or does the U.S. need to change the way it gathers enemy intelligence?  Former National Security Advisor H.R. McMaster gives hosts and finance professors Jonathan Berk and Jules van ...

Ep78 “What’s Wrong With Taxing Billionaires More?” with Joshua Rauh

June 18, 2026

A proposed constitutional amendment on the ballots in California this November will impose a one-time 5% wealth tax on billionaires. Proponents of the amendment say it will bring upwards of $100 billion to California’s revenue, but how did they get to that number and what other side effects of this wealth tax could be looming in the wings? Will this tax actually raise more revenue?  Hosts and finance professors Jonathan Berk and Jules van Binsbergen sit down with Stanford finance professor Jo...

Rerun: Ep65 "Will Future AI Systems Operate Like The Human Brain? It’s Complicated” with Jeff Hawkins

June 03, 2026

This episode originally aired previously and is being re-shared due to its continued relevance. Enjoy this conversation with Jeff Hawkins on intelligence, neuroscience, and the future of AI. With growing concerns over whether or not AI will take away jobs and eventually become superior to human intelligence, maybe it’s time to take a closer look at the human brain and discover how AI will always have its limitations.  Hosts and finance professors Jonathan Berk and Jules van Binsbergen sit dow...