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Branching out into the world of behavioral economics, it's our newest Book Club covering the classic, Nobel-prize-adjacent, "Nudge" by Richard Thaler and Cass Sunstein. We're joined by our Book Club Buddy, Alan, and new patron, Victoria, to explore how the economists think of human behavior and whether the principles behind choice architecture are all they've been made out to be. Plus, Rob runs down some of the additions to the recently published "Final Edition" and how it may make "Nudge" a lesser work than the previous version. All that and the best insurance buying tips!
References for this episode:
Thaler, R.H & Sunstein, C.R. (2021). Nudge the final edition. Yale University Press.
Thaler, R.H. & Sunstein, C.R. (2009). Nudge: Improving decisions about health, wealth, and happiness. Penguin Books.
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