You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. The founder of behavioral economics describes his unlikely route to success; his reputation for being lazy; and his efforts to fix the world — one nudge at a time.
It happens to just about everyone, whether you’re going for Olympic gold or giving a wedding toast. We hear from psychologists, economists, and the golfer who some say committed the greatest choke of all time.
He was once the most lionized athlete on the planet, with seven straight Tour de France wins and a victory over cancer too. Then the doping charges caught up with him. When he finally confessed to Oprah, he admits, “it didn’t go well at all.” That’s because he wasn’t actually contrite yet. Now, five years later, he says he is. Do you believe him?
After every mass shooting or terrorist attack, victims and survivors receive a huge outpouring of support — including a massive pool of compensation money. How should that money be allocated? We speak with the man who’s done that job after many tragedies, including 9/11. The hard part, it turns out, isn’t attaching a dollar figure to each victim; the hard part is acknowledging that dollars can’t heal the pain.
The U.N.’s World Happiness Report — created to curtail our unhealthy obsession with G.D.P. — is dominated every year by the Nordic countries. We head to Denmark to learn the secrets of this happiness epidemic (and to see if we should steal them).
The environmentalists say we’re doomed if we don’t drastically reduce consumption. The technologists say that human ingenuity can solve just about any problem. A debate that’s been around for decades has become a shouting match. Is anyone right?
Kenji Lopez-Alt became a rock star of the food world by bringing science into the kitchen in a way that everyday cooks can appreciate. Then he dared to start his own restaurant — and discovered problems that even science can’t solve.
Season 7, Episode 52 When you want to get rid of a nasty pest, one obvious solution comes to mind: just offer a cash reward. But be careful — because nothing backfires quite like a bounty. To find out more, check out the podcasts from which this hour was drawn: “The Cobra Effect” and “Who Owns the Words That Come . . .
We all know the standard story: our economy would be more dynamic if only the government would get out of the way. The economist Mariana Mazzucato says we’ve got that story backward. She argues that the government, by funding so much early-stage research, is hugely responsible for big successes in tech, pharma, energy, and more. But the government also does a terrible job in claiming credit — and, more important, getting a return on its investment.
Season 8, Episode 1 You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. The founder of behavioral economics describes his unlikely route to success; his reputation for being lazy; and his efforts to fix the world — one nudge at a time. To find . . .
The San Francisco 49ers, one of the most valuable sports franchises in the world, also used to be one of the best. But they’ve been losing lately — a lot — and one of their players launched a controversy by taking a knee during the national anthem. So why is everyone there so optimistic? To find out, we speak with the team’s owner, head coach, general manager, and star players, including their new $137.5 million quarterback. (Ep. 2 of “The Hidden Side of Sports” series.)
Season 8, Episode 3 Dollar-wise, the sports industry is surprisingly small, about the same size as the cardboard-box industry. So why does it make so much noise? Because it reflects — and often amplifies — just about every political, economic, and social issue of the day. Introducing a new series, “The Hidden Side of Sports.” To find out more, check . . .
A conversation with 2008 Olympic gold medalist Shawn Johnson, recorded for the Freakonomics Radio series “The Hidden Side of Sports.”
The World Trade Organization is the referee for 164 trading partners, each with their own political and economic agendas. Lately, those agendas have gotten more complicated — especially with President Trump’s tariff blitz. Roberto Azevêdo, head of the W.T.O., tells us why it’s so hard to balance protectionism and globalism; what’s really behind the loss of jobs; and what he’d say to Trump (if he ever gets the chance).
You said, “I’m sorry,” but somehow you haven’t been forgiven. Why? Because you’re doing it wrong! A report from the front lines of apology science.
Season 8, Episode 6 We are in the midst of a historic (and wholly unpredicted) rise in urbanization. But it’s hard to retrofit old cities for the 21st century. Enter Dan Doctoroff. The man who helped modernize New York City — and tried to bring the Olympics there — is now C.E.O. of a Google-funded startup that is building, from . . .
There are thousands of books on the subject, but what do we actually know about creativity? In this new series, we talk to the researchers who study it as well as artists, inventors, and pathbreakers who live it every day: Ai Weiwei, James Dyson, Elvis Costello, Jennifer Egan, Rosanne Cash, Wynton Marsalis, Maira Kalman, and more. (Ep. 1 of the “How to Be Creative” series.)
A conversation with veteran N.B.A. point guard Jeremy Lin, recorded for the Freakonomics Radio series “The Hidden Side of Sports.”
Family environments and “diversifying experiences” (including the early death of a parent); intrinsic versus extrinsic motivations; schools that value assessments, but don’t assess the things we value. All these elements factor into the long, mysterious march towards a creative life. To learn more, we examine the early years of Ai Weiwei, Rosanne Cash, Elvis Costello, Maira Kalman, Wynton Marsalis, Jennifer Egan, and others. (Ep. 2 of the “How to Be Creative” series.)
A conversation with the iconic singer-songwriter, recorded for the Freakonomics Radio series “How to Be Creative.”
We all know our political system is “broken” — but what if that’s not true? Some say the Republicans and Democrats constitute a wildly successful industry that has colluded to kill off competition, stifle reform, and drive the country apart. So what are you going to do about it?
Season 8, Episode 9 You said, “I’m sorry,” but somehow you haven’t been forgiven. Why? Because you’re doing it wrong! A report from the front lines of apology science. To find out more, check out the podcasts from which this hour was drawn: “Is the Government More Entrepreneurial Than You Think?” and “How to Optimize Your Apology.”
The Ford Motor Company is ditching its legacy sedans, doubling down on trucks, and trying to steer its stock price out of a long skid. But C.E.O. Jim Hackett has even bigger plans: to turn a century-old automaker into the nucleus of a “transportation operating system.” Is Hackett just whistling past the graveyard, or does he see what others can’t?
Season 8, Episode 10 We all know our political system is “broken” — but what if that’s not true? Some say the Republicans and Democrats constitute a wildly successful industry that has colluded to kill off competition, stifle reform, and drive the country apart. So what are you going to do about it? To find out more, check out the . . .
It began as a post-war dream for a more collaborative and egalitarian workplace. It has evolved into a nightmare of noise and discomfort. Can the open office be saved, or should we all just be working from home?
Season 8, Episode 11 The Ford Motor Company is ditching its legacy sedans, doubling down on trucks, and trying to steer its stock price out of a long skid. But C.E.O. Jim Hackett has even bigger plans: to turn a century-old automaker into the nucleus of a “transportation operating system.” Is Hackett just whistling past the graveyard, or does he . . .
Some people argue that sugar should be regulated, like alcohol and tobacco, on the grounds that it’s addictive and toxic. How much sense does that make? We hear from a regulatory advocate, an evidence-based skeptic, a former F.D.A. commissioner — and the organizers of Milktoberfest.
The quirky little grocery chain with California roots and German ownership has a lot to teach all of us about choice architecture, efficiency, frugality, collaboration, and team spirit.
Season 8, Episode 13 The U.N.’s World Happiness Report — created to curtail our unhealthy obsession with G.D.P. — is dominated every year by the Nordic countries. We head to Denmark to learn the secrets of this happiness epidemic (and to see if we should steal them). Also, Kenji Lopez-Alt became a rock star of the food world by bringing . . .
In the early 20th century, Max Weber argued that Protestantism created wealth. Finally, there are data to prove if he was right. All it took were some missionary experiments in the Philippines and a clever map-matching trick that goes back to 16th-century Germany.
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