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Nobel Prize-Winning Economist Richard Thaler On The Role Of Behavioral Economics In Climate Change

The Climate Pod

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Climate Change - Is There a Difference Between Rational and Real?

In the new final, last, never to be followed up with another edition of nudge, we start the chapter by saying, we will not solve the problem of climate change with nudges too big. The reason is it's much easier to write down mathematical models of perfectly rational agents than it is people who are blundering around. So real people care at least a little about others. And solutions to climate change need to incorporate those biases for sure.

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