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EXTRA: People Aren’t Dumb. The World Is Hard. (Update)

Freakonomics Radio

CHAPTER

The Nobel and Behavioral Economics

In this chapter, Richard Thaler, a Nobel Prize-winning figure, discusses his journey in behavioral economics, blending humor with insights about academia and human decision-making. The conversation explores the complexities of financial behavior, including how individuals perceive money differently and make charitable decisions. Thaler reflects on the challenges of traditional economics and the importance of understanding human behavior in financial contexts, all while maintaining a light-hearted tone.

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