
From 'nudge' to 'sludge'
Business Daily
00:00
Introduction
Nudge theory is an economic idea that's aimed at prompting all of us towards making smarter choices in our lives. It challenges the old orthodoxy of economics, that rational people will make rational decisions in their own self interest. Professor thayler says something he calls choice architecture. He reckons a lot of the time we're fallible and prone to making daft choices when faced with complex options.
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