An Old Talk with Richard Thaler

All the way back in April of 2009, I had a conversation with University of Chicago Professor  Richard Thaler, the winner of this year's Nobel Prize in economics.  We talked about the idea of Nudge.

At the time it was a new approach to public policy. One designed around the odd realities of human behavior and the new behavioral research to help people, as well as government agencies, companies and charities, make better decisions.  It was a look at a new concept called Choice Architecture which was, in part, the basis for his Nobel Prize.

Here is that 2009 conversation with newly minted Nobel laureate Richard Thaler:

Obamanomics and Nudge

Two interesting pieces trying to figure out Obama's economic policy though the idea of "Nudge." The first article by Franklin Foer, in The New Republic  entitled Nudge-ocracy and the second by Derek Thompson in The Atlantic. Both miss the point that all of these ideas were spelled out over a year ago by Obama's University of Chicago colleagues, Cass Sustein and  Richard Thaler in their book Nudge: Improving Decisions About Health, Wealth, and Happiness.

Take a look at both articles and here is my conversation with Richard Thaler:

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