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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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