15min chapter

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

Freakonomics Radio

CHAPTER

Celebrating Behavioral Economics at the Nobel Prize

This chapter captures Richard Thaler's experiences during the festive Nobel Prize events in December 2017, presenting humorous anecdotes and the emotional weight of the accolade. It explores the influence of behavioral economics on policies and investment strategies, highlighting the application of 'nudge' techniques in enhancing retirement savings. The discussion also touches on past economic crises, drawing parallels to contemporary issues while reflecting on personal milestones within the field.

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