Nobel Laureate Richard Thaler on Nudges, Shoves, and Risk Management

Richard Thaler is the winner of the 2017 Nobel Prize in Economics.

From the NY Times (Oct 9, 2017):

Richard H. Thaler, whose work has persuaded many economists to pay more attention to human behavior, and many governments to pay more attention to economics, was awarded the Nobel Memorial Prize in Economic Sciences on Monday.

Professor Thaler is the rare economist to win a measure of fame before winning the prize. He is an author of a best-selling book, “Nudge,” about helping people to make better decisions. He also appeared in the 2015 film “The Big Short,” delivering what is surely one of the most widely viewed tutorials in the history of economics, on the causes of the 2008 financial crisis.

For discussion:

How can nudges be used to manage risk and help people save more?