Do you remember playing with a Magic 8-Ball as a kid? While it was fun to ask a question, shake the ball, and laugh at the answer, I do not remember ever going to the toy when I needed advice. Can you imagine sitting in an important meeting at work and watching your boss pull…
Category: Richard Thaler
The Reading List: For Most People Not Losing is Preferable to Winning
“Libertarian Paternalism” is a phrase that sounds more like some form of new-age parenting than a philosophy for governance, but in Nudge: Improving Decisions About Health, Wealth, and Happiness that is exactly what the writers lay out. The idea is to present a form of governance and policymaking in which the people retain the right to make…