If/Then

Steven Callander has spent years building a mathematical framework to answer the question of how people learn from experience. “Here in Silicon Valley, the expression that you learn from failure is very widespread and very intuitive. But the question is… what do you learn? How do you optimally learn from that experience?”
In this episode, Callander, the Herbert Hoover Professor of Public and Private Management and Professor of Political Economy at Stanford Graduate School of Business, explains the hidden, deceptively simple logic of correlated learning — and it may change how you think about finding the right job, the right market, or the right strategy.
“It fascinates me and I can't stop thinking about it,” he says.
Has theory made an impact on your life? Tell us more at [email protected].

Related Content:
Steven Callander faculty profile
How to Turn Old Ideas Into Creative Solutions to Modern Problems
What We’re Still Learning from Silicon Valley’s Bank Collapse

Chapters:
00:00 Ann Miura-Ko on learning and the search for patterns in Venture capital
02:51 Introduction
05:23 What is correlated learning?
06:40 Where does this research apply in the real world?
09:28 Brownian Motion
12:45 Steven Callander’s Framework
15:25 Examples of correlated learning when seeking expert advice
20:53 Applying correlated learning
23:57 Why correlated learning research?
24:51 Conclusion

If/Then, from Stanford GSB, features conversations with faculty that explore how their research deepens our understanding of business and leadership.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Seemingly unrelated activities — like taking a soccer penalty kick or crafting an online dating profile — involve an embedded economics.
“Understanding and applying economic logic can be valuable in pretty much any job or any other endeavor in your life,” says Paul Oyer, a professor of economics at Stanford Graduate School of Business.
On this episode, Oyer digs into the shared economic logic of online dating and the labor market, explains why pro athletes and sports fans think like economists, and explores how AI has reduced the beneficial friction that was once a part of job searches.
Got a question about the economics of dating, sports, or the job market? Ask us at [email protected].
Related Content:
Paul Oyer faculty profile
Utility Player: Paul Oyer Explains How Economics Can Make Sports More Fun

Chapters:
00:00 Strategic decision-making in air traffic control
03:06 Introduction
03:27 Why sports are a useful lens for understanding economics
09:53 Why economics matters far beyond money
10:54 Economics & online
14:36 Applications of game theory
16:54 How AI is reshaping hiring and the labor market
22:25 The labor market challenge economists still have not solved
24:18 Conclusion
If/Then, from Stanford GSB, features conversations with faculty that explore how their research deepens our understanding of business and leadership.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

When should we leap instead of take the obvious next step? Why do we instinctively see gender everywhere? When do our opinions begin to feel less like ideas and more like our identity?
If/Then, from Stanford Graduate School of Business, is back with a new season of sharp, surprising conversations that deepen our understanding of business and leadership.
Each episode brings you into the room with a Stanford GSB faculty member as they discuss their research and how it challenges conventional wisdom, sharpens judgment, and reframes the way we approach complex decisions.
Join us on Wednesdays for a new season of If/Then.
What do you want to hear on If/Then? Email us at [email protected].
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week on If/Then we’re sharing an episode of GSB at 100, a limited audio series created especially for Stanford Graduate School of Business’s Centennial. GSB at 100 presents a scrapbook of memories, ideas, and breakthroughs as Stanford GSB celebrates its first century and looks around the corner to what the next 100 years may hold.

On this episode of GSB at 100, you’ll experience Centennial Day, hear Dean Sarah A. Soule honor the past, celebrate the present, and look to what the future may hold. GSB at 100 depicts a school defined not only by its innovation and impact, but by its people: curious students, devoted faculty, and accomplished staff — a community of thinkers, dreamers, and doers.

Learn more about the Stanford GSB Centennial
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week on If/Then we’re sharing an episode of GSB at 100, a limited audio series created especially for Stanford Graduate School of Business’s Centennial. GSB at 100 presents a scrapbook of memories, ideas, and breakthroughs as Stanford GSB celebrates its first century and looks around the corner to what the next 100 years may hold.

On this episode of GSB at 100, you’ll step inside the classrooms where teaching sparks transformation.

Learn more about the Stanford GSB Centennial
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.