B.E. GOOD! Podcast #24

Richard Thaler

The Birth, Growth & Future of Behavioral Economics

B.E. GOOD! by BVA Nudge Consulting · Richard Thaler - The Birth, Growth & Futur of Behavioral Economics

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In this episode of the B.E. GOOD! Podcast by BVA Nudge Consulting, we spoke with Richard Thaler, the Charles Walgreen Distinguished Service Professor of Behavioral Science & Economics at the University of Chicago Booth School of Business.

In our conversation, we learned about:  

 – Professor Thaler’s personal journey, including his list of anomalies, the reason why his work focused on Finance – and his “greatest discovery”

– The primary motivation and “Nudge” behind his decision to update his most famous book

– The complex and often-misunderstood impact of Defaults

– The biggest change he’s seen in the field of Behavioral Economics over the past decade

– The reasons why government Nudge Units have typically had positive (but limited) impact

– And why Professor Thaler is not averse to algorithms

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