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Episode 87

How Much Are the Right Friends Worth?

Harvard economist Raj Chetty uses tax data to study inequality, kid success, and social mobility. He explains why you should be careful when choosing your grade school teachers — and…

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Episode 88

Ken Burns on Heroism, Horror, and History

The documentary filmmaker, known for The Civil War, Jazz, and Baseball, turns his attention to the Holocaust, and asks what we can learn from the evils of the past….

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Episode 55

This Vaccine Lottery Seemed Like a Great Idea. Why Didn’t it Work?

Behavioral economists say “regret lotteries” are powerful motivational tools. When Philadelphia tried one in 2021, the results were disappointing. Bapu looks at how incentives can backfire — and what we…

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Episode 148

How to Have Good Ideas

Sarah Stein Greenberg runs Stanford’s d.school, which teaches design as a mode of problem solving. She and Steve talk about what makes her field different from other academic disciplines, how…




I’ll Be Brief

…a great example of what Thaler and Sunstein call libertarian paternalism in their great book, Nudge. The individual speakers retain the freedom to speak as long as they want, and…





Airlines and Opting Ethics

…“management.” But the 800-pound gorilla in the room is the opt-out scam that began this entire travail. In their recent best-selling book Nudge, Cass Sunstein and Richard Thaler show that…



Time's 100 Most Influential People

…economist?), Nouriel Roubini is at 161, Paul Krugman is at 168, Nate Silver is at 181 (not an economist, but close enough), and Richard Thaler is at 184. One lesson…



Bubble Science

…the growing influence of behavioral economists, the neuroscience behind various economic phenomena, and the research of George Akerlof and Robert Shiller, Cass Sunstein and Richard Thaler, and Andrew Lo. [%comments]…



Who Will Climb the Piano Stairs?

It feels as if the whole world is suddenly enthralled with the potential of nudge-y incentives: using “choice architecture,” as the nudge-masters Thaler and Sunstein put it, to encourage behavior…



iPhone Altruism for Potential Organ Donors

…forgetfulness. So Richard Thaler had an idea. Why not build an iPhone app to help people enlist as organ donors? That app, developed gratis, is available now. As to the…



Chicago Economists on the Crisis

…seriously each took Cassidy’s interviews.) Read them all, and come to your own judgments: Richard Posner Eugene Fama John Cochrane Gary Becker Jim Heckman Kevin Murphy Raghu Rajan Richard Thaler





A Quick Note on the AEA Conference

…as well as scholars whose work you’ve encountered on this blog and elsewhere: Richard Thaler, Justin Wolfers, Dan Hamermesh, Robert Shiller, Orley Ashenfelter, Robert Frank, Avinash Dixit, Alan Kreuger, George…





How Predictable Are Nobel Prizes in Economics?

…Grossman Krugman Helpman P. Romer Phelps S. Grossman Newey Obsfeldt Rogoff Feldstein Kreps Posner Sutton Williamson K. Murphy Rabin Acemoglu Thaler Rajan Wilson Card Shleifer Jorgenson Pakes Mortensen Pissarides Tirole…




When Is the 99% Really the 5%?

…have to think that his framing skills would be admired by Messrs. Tversky, Kahneman, and Thaler. If you’re looking for a somewhat headier argument about redistribution, you could try here….



Daniel Kahneman Answers Your Questions

…by Richard Thaler and Cass Sunstein, in the book Mindless Eating by Brian Wansink, and in the books of the psychologist Robert Cialdini. Q. Let me begin by saying I…




Cues to Save Money

Thaler (author of Nudge ) discussed “anchoring,” a cognitive shortcut whereby we make decisions based on an anchoring number even if it is randomly generated. A new NBER paper (ungated…





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Episode 121

The Tax Man Nudgeth

Real tax reform may or may not ever happen. In the meantime, how about making the current system work a bit better?