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Summary Nudge: Improving decisions about health, wealth and happiness

NO1 INTERNATIONAL BESTSELLERFrom Cass R Sunstein and Richard H Thaler winner of the 2017 Nobel Prize in Economics Nudge is the book that changed the way we think about decision making Nudge is about choices how we make them and how we can make better ones Every day we make decisions about the things that we buy or the meals we eat; about the investments we make or our children's health and education; even the causes that we champion or the planet itself Unfortunately we often choose poorly We are all susceptible to biases that can lead us to make bad decisions And as Thaler and Sunstein show no choice is ever presented to us in a neutral way By knowing how people think we can make it easier for them to choose what is best for them their families and society Using dozens of eye opening examples and original research the authors demonstrate how to nudge us in the right directions without restricting our freedom of choice'How often do you read a book that is both important and amusing both practical and deep A must read for anyonewho wants to see both our minds and our society working better' Daniel Kahneman author of Thinking Fast and Slow'I love this book It is one of the few books I've read recently that fundamentally changes the way I think about the world' Steven D Levitt co author of Freakonomics. The book constructs over the introduced concept of libertarian paternalism which refers to institutions that are both private and public that perform the process of choice architecture in guiding Humans towards making better decisionsTaking benefit from behavioral economics studies from published by Khaneman Tversky the book does a fairly good job in illustrating certain human behavior under the influence of certain stimuli called nudges

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Nudge: Improving decisions about health, wealth and happiness

NO1 INTERNATIONAL BESTSELLERFrom Cass R Sunstein and Richard H Thaler winner of the 2017 Nobel Prize in Economics Nudge is the book that changed the way we think about decision making Nudge is about choices how we make them and how we can make better ones Every day we make decisions about the things that we buy or the meals we eat; about the investments we make or our children's health and education; even the causes that we champion or the planet itself Unfortunately we often choose poorly We are all susceptible to biases that can lead us to make bad decisions And as Thaler and Sunstein show no choice is ever presented to us in a neutral way By knowing how people think we can make it easier for them to choose what is best for them their families and society Using dozens of eye opening examples and original research the authors demonstrate how to nudge us in the right directions without restricting our freedom of choice'How often do you read a book that is both important and amusing both practical and deep A must read for anyonewho wants to see both our minds and our society working better' Daniel Kahneman author of Thinking Fast and Slow'I love this book It is one of the few books I've read recently that fundamentally changes the way I think about the world' Steven D Levitt co author of Freakonomics. I ll start with the Audible version specifically Except for a decent impression of Homer Simpson the entire book seems to be narrated by the xtime video male voice Pronunciations are occasionally way off the mark The narration is flat and monotone If you re listening to this in the car to try to stay awake just go ahead and pull over it won t help muchTo the content itself I was right there with the author for the first 23 of the book Suddenly it s as if they did an author switch and didn t bother to read the first half that they had already written Many of the ideas surrounding NUDGE are the use of default options mandatory choice and other helpful decision making tools to improve outcomes These tools are based on harnessing System 1 thinking intuitive thinking or by using the laziness of System 2 rational thinking This worked very well on issues such as 401k contributions organ donations and investment choices However when pulled into the context of environmental issues and school choice it is logically inconsistent to assume that humans will suddenly become econs on these issuesSpecifically corporations are unlikely to be motivated to change their environmental records based on a government blacklist Most people would not bother to find the list let alone read it And corporations would not see the list as an environmental nudge so much as a publicity nudge It is cheaper to launch ad campaigns to promote the idea that you are a responsible corporation than it is to actually be a responsible corporation As a test case consider BP They had a very successful ad campaign touting their environmental responsibility Yet they were responsible for a massive spill that was largely due to irresponsibility This nudge will likely turn into a publicity war not an environmental movementNext school choice is hardly as simple as test scores Test scores are a greater reflection of the neighborhoods the schools are in and not the methods of teaching The best teachers in the world have extremely low odds of turning a low performing district into a average one It s far too complex a system to pin success to one variable Nevertheless even if test scores are indicative of better schools this would undoubtedly become another publicity issue In order to attract dollars students ambitious schools would tout all sorts of nonsense to attract students in order to maximize revenue Spending would have to be cut in order to meet their new advertising budgets It again becomes a publicity issue Assuming that consumers would suddenly start making rational decisions about their kids is divorced from reality and divorced from the first part of the bookIn spite of my disappointment I enjoyed the book and thought it had many good ideas that I plan to implement into my business as I deal with my clients But you can effectively throw out the entire last part of the book and lose nothing In fact the text would be improved with such an omission

Richard H Thaler â 4 Read & Download

NO1 INTERNATIONAL BESTSELLERFrom Cass R Sunstein and Richard H Thaler winner of the 2017 Nobel Prize in Economics Nudge is the book that changed the way we think about decision making Nudge is about choices how we make them and how we can make better ones Every day we make decisions about the things that we buy or the meals we eat; about the investments we make or our children's health and education; even the causes that we champion or the planet itself Unfortunately we often choose poorly We are all susceptible to biases that can lead us to make bad decisions And as Thaler and Sunstein show no choice is ever presented to us in a neutral way By knowing how people think we can make it easier for them to choose what is best for them their families and society Using dozens of eye opening examples and original research the authors demonstrate how to nudge us in the right directions without restricting our freedom of choice'How often do you read a book that is both important and amusing both practical and deep A must read for anyonewho wants to see both our minds and our society working better' Daniel Kahneman author of Thinking Fast and Slow'I love this book It is one of the few books I've read recently that fundamentally changes the way I think about the world' Steven D Levitt co author of Freakonomics. The narration is horrid the content is beyond boring and difficult to follow I wanted to return this but I never found the option to do so Oh well at least it wasn t too expensive


5 thoughts on “Nudge: Improving decisions about health, wealth and happiness

  1. says:

    The book constructs over the introduced concept of ‘libertarian paternalism’ which refers to institutions that are both

  2. says:

    I'll start with the Audible version specifically Except for a decent impression of Homer Simpson the entire book seems to be narrated by the xtime video male voice Pronunciations are occasionally way off the mark The narration is flat and monotone If you're listening to this in the car to try to stay awake just go ahead and pull over it wo

  3. says:

    The narration is horrid the content is beyond boring and difficult to follow I wanted to return this but I never found the option to do so Oh well at least it wasn’t too expensive

  4. says:

    I liked the book but I got the sense that this book was written for economists who haven't considered that individuals and g

  5. says:

    This is a terrific book The authors cover terrain which has been explored recently in books such as Predictably Irrationa