288 - Marcel Lukas, Vice Dean: Power Series, St Andrews University - The New Power Equation: Who Thinks, Who Learns, Who Leads

Let us know your thoughts. Send us a Text Message. Follow me to see #HeadsTalk Podcast Audiograms every Monday on LinkedInEpisode Title: 🇬🇧The New Power Equation: Who Thinks, Who Learns, Who Leads🇩🇪Another wonderful episode of Heads Talk® today for the #HTPowerSeries. At the end of this discussion, I said to my guest that this was one of my favourite episodes of the show, and I sincerely hope we have another conversation together in the future. I genuinely implore you to have a listen.Vice Dean Marcel Lukas of St Andrews University delivered for this series in so many ways. We managed to discuss Kahneman and Tversky’s Prospect Theory, which absolutely delighted me, as the last time I had discussed it in any depth was during my Masters/MSc in Statistics. It was genuinely refreshing to speak with someone who discussed their work with the same enthusiasm and appreciation that I have always held for it.This episode was filled with knowledge bombs and real coal-face insight into higher education, the system, AI, and the challenges institutions are navigating today. We explored the education race and who is really winning it. Due to Marcel’s commercial background prior to academia, we also ventured into the power game, financial markets, incentives, and the realities shaping decision-making today. Fascinating, thought-provoking, and thoroughly enjoyable from beginning to end.Now, let’s talk about Marcel himself: He is Vice Dean of Executive Education and Senior Lecturer in Banking and Finance at the University of St Andrews. His work explores financial behaviour in a digital world, focusing on how individuals and families engage with money, fintech, and decision-making in increasingly complex systems. Alongside his academic research, which informs policy and regulatory thinking, Marcel advises senior leaders on emerging technologies and the future of financial systems, drawing on a unique career that spans both academia and major global industry transformation programmes.Topics Covered:◽️ Is Traditional Education Still a Form of Power in the Modern Age?◽️ Shift from Knowledge to Networks, Capital, Technology, and Algorithms◽️ Universities, Institutional Purpose, and the Production of Independent Thinkers◽️ The Meaning of Being “Educated” in a World of AI and Constant Change◽️ Intellectual Judgement, Ethics, and Discernment in the Age of AI and Misinformation◽️ Education Race and the Global Competition for Talent◽️ Illusion of Meritocracy and Unequal Access to Elite Education Systems◽️ Rise of Interdisciplinary Thinking in Leadership, Strategy, and Policy Formation◽️ St Andrews as a Case Study in Research, Finance, and Behavioural Insight◽️ Behavioural Finance and the Invisible Architecture of Economic Influence◽️ Kahneman, Tversky, and How Humans Actually Make Financial Decisions◽️ Narratives, Expectations, and Belief as Drivers of Modern Markets◽️ Central Banks, Forward Guidance, and the Strategic Use of Signalling◽️ Psychology as a Core Driver of Economic Systems and Global Markets◽️ Financial Systems, Human Behaviour, and the New Centres of Influence◽️ Asia, the Knowledge Economy, and the Shifting Geography of Intellectual Power◽️ From Institutions to Networks: Where Real Influence Will Sit Next◽️ Whether Future Power Belongs to Institutions, Networks, or AlgorithmsSo download⏳grab a cup of Bird & Blend Tea Co. - Spicy Marg Tea ☕️& have a listen🛋⛔️Listen to this episode's Heads Talk - The Analysis [Here-TBA]◽️Episode Sponsored by - Accxia - 𝔼𝕦𝕣𝕠𝕡𝕖'𝕤 𝕃𝕒𝕣𝕘𝕖𝕤𝕥 ℙ𝕣𝕚𝕧𝕒𝕥𝕖 ℂ𝕝𝕠𝕦𝕕 𝕗𝕠𝕣 𝔸𝕥𝕝𝕒𝕤𝕤𝕚𝕒𝕟Partnership with: ◽️Money20/20 Europe ABOUT THE HOST #AFlyOnTheBoardroomWall #HTPowerSeries #HeadsTalkPodcastSupport the showFollow, Support, Contact Heads Talk® - A Fly On The Boardroom WallLinkedInWebsiteTwitterEmail at [email protected]