Richard Thaler

The new movie''Dumb Money''dramatizes the true story of an unlikely messiah named Roaring Kitty who decides to sink his life savings into shares of the video-game seller GameStop and then praise the stock to his fans. So many people buy GameStop shares that the company's valuation soars, crushing the positions of professional hedge funds that had bet against it. Thus, a band of lovable misfits triumphs over the Wall Street fat cats.Much as we enjoyed the movie, we are economists, not movie critics. And as practitioners of the dismal science, we worry that some viewers will continue to be inspired to copy the heroes' investment strategies, which is about as smart as driving home at 100 miles per hour after seeing''The Fast and the Furious.''

Edição ampliada e definitiva de um dos maiores clássicos sobre tomada de decisão, escrito por Richard H. Thaler, ganhador do prêmio Nobel de economia, e Cass R. Sunstein, professor de Harvard.* Best-seller do New York Times* Mais de 2 milhões de cópias vendidas Com base em décadas de pesquisas em ciência comportamental e usando diversos exemplos reveladores, os autores mostram que nenhuma opção nos é apresentada de forma neutra, e que estamos todos suscetíveis a tomar decisões ruins. Desde a primeira edição deste livro, a palavra" nudge" entrou para o vocabulário de executivos, formuladores de políticas públicas e consumidores. A inovadora discussão sobre como todos nós respondemos a determinados" empurrões"(nudges) na hora de tomar decisões relacionadas a saúde, vida pessoal ou dinheiro conquistou uma multidão de leitores. Os" nudges" estão em toda parte: podem ser uma imagem, um formulário, uma disposição de produtos, listas brancas próximas na estrada. Trata-se de qualquer aspecto que altera (ou empurra) o comportamento das pessoas em uma determinada direção, sem envolver alguma proibição, multa ou obrigação. Durante o isolamento social imposto pela covid-19, os autores decidiram revisitar o conceito e atualizar exemplos no campo da saúde, meio ambiente e finanças. Sem perder o tom leve e bem-humorado, trazem ferramentas valiosas sobre tomada de decisão para indivíduos, empresas e governos." Poucos livros mudaram o mundo. Nudge é um deles"–Daniel Kahneman, autor de Rápido e devagar

I make three points. First, the i-frame and s-frame are not helpful frameworks for thinking about behavioral public policy. Second, the authors ignore the role of politics: Policies (and the s-frame) require laws and regulations. Third, the research on retirement savings, which is all about the system, undercuts their claims.

Cost ( ISBN: 978-9-89570-054-7 Synopsis in English: Authored by Silicon Valley leaders from Google, Microsoft, and Facebook," Blockchain Bubble or Revolution" cuts through the hype to offer a balanced, comprehensive, and accessible analysis of blockchains and cryptocurrencies. You'll learn the core concepts of Bitcoin and blockchain technologies to understand their strengths and weaknesses from real-world case studies; dive deep into their technical, economic, political, and legal complexities; gain insights about their future from exclusive interviews with dozens of tech industry leaders.

Lotteries have been shown to motivate behaviour change in many settings, but their value as a policy tool is relatively untested. We implemented a pre-registered, citywide experiment to test the effects of three high-pay-off, geographically targeted lotteries designed to motivate adult Philadelphians to get their COVID-19 vaccine. In each drawing, the residents of a randomly selected ‘treatment’ zip code received half the lottery prizes, boosting their chances of winning to 50×–100× those of other Philadelphians. The first treated zip code, which drew considerable media attention, may have experienced a small bump in vaccinations compared with the control zip codes: average weekly vaccinations rose by an estimated 61 per 100,000 people per week (+11%). After pooling the results from all three zip codes treated during our six-week experiment, however, we do not detect evidence of any overall benefits …

La nouvelle édition du livre fondateur sur le nudge: le livre de référence sur l'économie comportementale. Richard H. Thaler, spécialiste de l’économie comportementale, prix Nobel d’économie, et Cass Sunstein, l’un des plus grands juristes américains, nous invitent à expérimenter le nudge. Le nudge, c’est le monde des incitations douces, à l’image des parents éléphants qui donnent un léger coup de trompe à leurs petits pour leur permettre d’aller dans la bonne direction. Ce livre, à l’origine du phénomène Nudge, s’ appuie sur les recherches comportementales les plus poussées pour prendre de meilleures décisions. Il engage le lecteur à changer fondamentalement sa façon de penser, tout en préservant sa liberté de choix. Mise à jour, enrichie et augmentée, cette édition analyse les effets du nudge et expose notamment les critiques formulées à son encontre. Elle intègre également de nouveaux thèmes majeurs: la Covid-19, la transparence de l’information, le sludge... Enfin, elle traite avec un regard neuf des questions telles que le changement climatique, le don d’organe, les finances personnelles... Cette approche originale de l’économie comportementale nous donne un gentil coup de pouce («Nudge» en anglais) pour aborder facilement des questions sérieuses.

Lotteries have been shown to motivate behavior change in many settings. However, the value of large-scale, geographically-targeted lotteries as a policy tool for changing the behaviors of entire populations is a matter of heated debate. In mid-2021, we implemented a pre-registered, city-wide experiment in Philadelphia to test the effects of three, high-payoff (up to $50,000) geographically-targeted lotteries designed to motivate adult residents of Philadelphia to get vaccinated against COVID-19. All Philadelphia residents ages 18 and older were eligible for inclusion in each drawing but, if selected, could not accept a prize unless they had received at least one dose of a COVID-19 vaccine. In each drawing, residents of a randomly selected “treatment” zip code received half of the 12 lottery prizes (boosting their chances of a win to 50-100x those of other Philadelphians). This experimental design makes possible a causal estimate of the impact of vastly increasing people’s odds of winning a vaccine lottery. We estimate that the first treated zip code, which drew considerable media attention, may have experienced a small bump in vaccinations compared to control zip codes: vaccinations rose by an estimated 61 per 100,000 people (an 11% increase). Pooling results from all three zip codes treated over the course of our six-week experiment, however, we do not detect any overall benefits. This unsustained effect may be because media attention waned, salience of the lottery declined, or attitudes about vaccination became increasingly entrenched over time. Further, our 95% confidence interval provides an upper bound on the overall benefits of …

In the first of a two-part climate change special, BIT’s Lis Costa sits down with Nobel Prize Winner Professor Richard Thaler, Cambridge University’s Lucia A. Reisch and BIT CEO and founder Professor David Halpern to answer one big question ahead of the COP26 UN Climate Change Conference: Can we Nudge to Net Zero?