3min chapter

Freakonomics Radio cover image

474. All You Need Is Nudge

Freakonomics Radio

CHAPTER

The Lobby Is Better Than the Regulators

Smart disclosure would allow you to shop more intelligently. In the uk, there is a bill passed that if you want to switch banks, they have to make it easy. It turns out people are lazy and there's a lot of inertia. The lobby is better than the regulators. Even a little bit of monopoly power goes a long way on a busy road.

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