Business Daily cover image

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.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app