13min chapter

10% Happier with Dan Harris cover image

How To Work Around Your Own Irrationality | Richard Thaler

10% Happier with Dan Harris

CHAPTER

Navigating Choices: Nudges and Behavioral Economics

This chapter examines the concept of 'homo economicus' versus actual human behavior, focusing on how subtle nudges can influence decision-making. It highlights the use of choice architecture in settings like 401k plans and discusses the impact of mental accounting on financial happiness.

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