Richard Thaler, laureate in economics, receives his Nobel in Stockholm in December.
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After two Nobel prize wins for behavioral economists, the burgeoning field has demonstrated its importance in shaping effective economic and government policy.
A product’s calorie label is a common form of nudging behavior.
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Government initiatives to prod people to make better decisions got a lot of attention after Richard Thaler won a Nobel in economics for his working on nudging.
As a founder of behavioral economics, Thaler has helped change the way economists look at the world.
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Richard Thaler won the 2017 Nobel Prize in economics for his groundbreaking work incorporating how humans actually behave into economic thinking.
Our behaviour is far more selfish than we might like to believe.
It starts by making a plan.
As Election Day approaches, candidates in races across the country will be doing everything they can to get out the vote – including turning to behavioral science.
A crack in the culture?
The thousands of Wells Fargo low-wage employees who defrauded customers likely knew how it felt to face unfair overdraft fees or a deteriorating credit rating. So why did they do it?
Spine-tingling or simply scary?
Are you impulsive and easily bored? You may be a thrill seeker.
The idea that we make rational choices is the basis for how businesses and governments make their plans. But psychologists have been asking some awkward questions.
Too late to change minds?
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New research on first impressions offers hope that the presidential front-runners may still be able to win over voters who have unfavorable opinions of them.
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Almost half of Americans have trouble saving, while average credit card balances have swelled to $6,000. Can we turn this around?
Close, but no cigar.
Did you know Scotland were going to lose, or was it just hindsight bias?
Don’t trust your emotions.
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In-play football bets may prove tempting, but they're engineered so that the odds fall firmly in the bookmakers' favour.
Tons of social media there for the taking… but is it truly representative of real life?
Behavioral scientists have seized on social media and their massive data sets as a way to quickly and cheaply figure out what people are thinking and doing. But some of those tweets and thumbs ups can…
All in the wording: behavioural science, such as the ‘nudge’ concept isn’t new, or quasi-science.
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In recent years, books like Predictably Irrational, Nudge and Thinking Fast and Slow have catapulted the findings of behavioural science (think cognitive psychology and behavioural economics) into new-found…