Posts Tagged ‘Richard Thaler’

  • Nudge Unit Pool Table

    Should Government Have a Nudge Team?

    Nov 30, 13 • 397 Views • No Comments

    Is society better off when people stop smoking? Return to work sooner after a layoff? Pay their taxes on time? Using “nudge theory,” the UK’s Nudge Unit says it can help policymakers help us to make better decisions. A part of government,...  [read more]

  • Beer, Incentive and Choice Architecture

    Using Beer as an Incentive

    Nov 22, 13 • 355 Views • No Comments

    Reading about how a group in Amsterdam solved a public disturbance problem, I immediately thought about choice architecture. In Nudge, a Harvard Law Professor, Cass Sunstein, and a University of Chicago economist, Richard Thaler, suggest that choice...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Behavioral Economics: Better than a Psychiatrist

    Dec 3, 12 • 413 Views • No Comments

    After reading Murder at the Margin, some of my students suggested in essays that we do not need a psychiatrist to explain human behavior. Instead, just ask a behavioral economist. Let’s give it a try… Defaulting: In life, we tend to take the...  [read more]

  • Saving for Retirement

    Seeing the Elderly You

    Oct 27, 12 • 246 Views • No Comments

    More of us are worried about financing retirement. But it’s not the “gloomy boomers” who said three years ago, at 50 or so, that they feared outliving their money. Now, according to Pew Research, the most worried demographic is adults in...  [read more]