Nobel Prize-Winning Economist Richard Thaler On The Role Of Behavioral Economics In Climate Change
The Climate Pod
00:00
Is There Behavior in Standard Economics?
Nudge: There is no behavior in standard economics. Well, there's behavior, but it's not behavior that anyone has ever seen in the world. So what happens if you do economics with people who have trouble with long division and choosing from an array of mortgages? Nudge: What do real people do when they're concerned about the environment,. but they also have a limited budget, and they're not sure about various tech logies and programming?
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