GetAbstract Summary: Get the key points from this book in less than 10 minutes. In this lovely, useful book, Richard Thaler and Cass Sunstein examine choices, biases and the limits of human reasoning from a variety of perspectives. They often amuse by disclosing how they have fallen victim to the limitations of thought that they are describing. The fact that these educated, articulate professionals can fool themselves so often demonstrates how tough it is to think clearly, a point the authors emphasize and even repeat. Humans fall prey to systematic errors of judgment, but you can harness this problematic tendency productively, including by helping others make better decisions. Some of the authors' suggestions may not be practical, but many are? and all are interesting. getAbstract recommends this book to anyone who wants to know how to shape responsible decisions. Book Publisher: Penguin.
GetAbstract Summary: Get the key points from this book in less than 10 minutes. In this lovely, useful book, Richard Thaler and Cass Sunstein examine choices, biases and the limits of human reasoning from a variety of perspectives. They often amuse by disclosing how they have fallen victim to the limitations of thought that they are describing. The fact that these educated, articulate professionals can fool themselves so often demonstrates how tough it is to think clearly, a point the authors emphasize and even repeat. Humans fall prey to systematic errors of judgment, but you can harness this problematic tendency productively, including by helping others make better decisions. Some of the authors' suggestions may not be practical, but many are? and all are interesting. getAbstract recommends this book to anyone who wants to know how to shape responsible decisions. Book Publisher: Penguin.
Add to your library to track progress and write reviews
Add to your library to track progress and write reviews
Find Nudge: Improving Decisions About Health, Wealth and Happiness Richard H. Thaler in PDF, EPUB, ebook, audiobook, print, or library editions.
Find Nudge: Improving Decisions About Health, Wealth and Happiness Richard H. Thaler in PDF, EPUB, ebook, audiobook, print, or library editions.
1 books in catalog
By applying principles from psychology to economic decision-making, research in behavioral economics has transformed how scholars and decision-makers understand human choices, concepts famously brought to public awareness in the book Nudge: Improving Decisions About Health, Wealth and Happiness. Economists like Richard H. Thaler demonstrated that standard economic models assuming perfectly rational actors often fail to capture real-world human choices, offering alternative frameworks that incorporate biases, self-control issues, and social preferences.
Born in East Orange, New Jersey, on September 12, 1945, Richard H. Thaler pursued his undergraduate education at Case Western Reserve University, earning a Bachelor of Arts in 1967. He continued his graduate studies at the University of Rochester, receiving a Master of Arts in 1970 and completing his Ph.D. in 1974 with a doctoral dissertation titled 'The Value of Saving A Life: A Market Estimate' under the supervision of Sherwin Rosen. Early in his academic development, Thaler began collecting empirical observations that contradicted traditional economic assumptions of rational utility maximization, finding key conceptual support in the cognitive psychology research of Daniel Kahneman and Amos Tversky.
Thaler established his academic reputation by incorporating psychological insights into economic analysis, serving as the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. He also directed the Center for Decision Research and held the Robert P. Gwinn Professorship at the university. In 2015, he served as president of the American Economic Association. For his foundational empirical and theoretical contributions to behavioral economics, Thaler was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2017.
Thaler's work focuses on relaxing the classical economic premise that individuals behave as purely rational and self-interested economic agents. His research addresses bounded rationality, limited self-control, and perceptions of fairness, showing how cognitive limitations predictably shape both individual choices and broader market outcomes. He frequently uses accessible, real-world examples to explain complex behavioral phenomena to academic and general audiences alike.
A central focus of Thaler's public writing is choice architecture, particularly the mechanism of 'nudging'—designing choice environments that encourage individuals to make decisions in their own long-term self-interest without prohibiting options or mandating behavior. His writing systematically contrasts theoretical economic assumptions with documented human behavior, offering practical strategies applied in retirement savings programs, public health policies, and consumer protection.
1 books in catalog
By applying principles from psychology to economic decision-making, research in behavioral economics has transformed how scholars and decision-makers understand human choices, concepts famously brought to public awareness in the book Nudge: Improving Decisions About Health, Wealth and Happiness. Economists like Richard H. Thaler demonstrated that standard economic models assuming perfectly rational actors often fail to capture real-world human choices, offering alternative frameworks that incorporate biases, self-control issues, and social preferences.
Born in East Orange, New Jersey, on September 12, 1945, Richard H. Thaler pursued his undergraduate education at Case Western Reserve University, earning a Bachelor of Arts in 1967. He continued his graduate studies at the University of Rochester, receiving a Master of Arts in 1970 and completing his Ph.D. in 1974 with a doctoral dissertation titled 'The Value of Saving A Life: A Market Estimate' under the supervision of Sherwin Rosen. Early in his academic development, Thaler began collecting empirical observations that contradicted traditional economic assumptions of rational utility maximization, finding key conceptual support in the cognitive psychology research of Daniel Kahneman and Amos Tversky.
Thaler established his academic reputation by incorporating psychological insights into economic analysis, serving as the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. He also directed the Center for Decision Research and held the Robert P. Gwinn Professorship at the university. In 2015, he served as president of the American Economic Association. For his foundational empirical and theoretical contributions to behavioral economics, Thaler was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2017.
Thaler's work focuses on relaxing the classical economic premise that individuals behave as purely rational and self-interested economic agents. His research addresses bounded rationality, limited self-control, and perceptions of fairness, showing how cognitive limitations predictably shape both individual choices and broader market outcomes. He frequently uses accessible, real-world examples to explain complex behavioral phenomena to academic and general audiences alike.
A central focus of Thaler's public writing is choice architecture, particularly the mechanism of 'nudging'—designing choice environments that encourage individuals to make decisions in their own long-term self-interest without prohibiting options or mandating behavior. His writing systematically contrasts theoretical economic assumptions with documented human behavior, offering practical strategies applied in retirement savings programs, public health policies, and consumer protection.
