You Can't Trick Anyone

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Thaler: I was trained the you can't trick anybody. People are rational. That's the full information. And i think what markets do is make it harder to trick people. But, ah, i'm much less pure as i used to be, but i've never ve gone nearly as far as as you suggest. So ta o. Defendor your your idea. We can trick. Sovers what i may be, give us an example. Well, housn ie ime i've got so many examples of the medical person i prowi souldn't even go there,. cause they're the kind of things you'll have to censer out afterwards. What i really

Author and economist Steven Levitt is the William B. Ogden Distinguished Service Professor of Economics at the University of Chicago and host of the podcast "People I (Mostly) Admire." He is best known as the co-author, with Stephen Dubner, of Freakonomics. The book, published in 2005, became a phenomenon, selling more than 5 million copies in 40 languages. Levitt talks with EconTalk host Russ Roberts about the book's surprising success, the controversy it generated, and how it shaped his career. Levitt says, for him, "economics is about going into the world and finding puzzles and thinking about how understanding incentives or markets might help us get a better grasp of what's really going on."