Episode 803: Nudge, Nudge, Nobel

Economists used to assume that people were, overall, rational. They may make mistakes now and then, but, if reasonably informed, they do the right thing. Then came Richard Thaler, who, in October, was awarded the Nobel Prize in Economics.

Read more: http://www.psychologicalscience.org/news/episode-803-nudge-nudge-nobel.html

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