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Nudge: Improving Decisions About Health, Wealth, and Happiness | Richard H. Thaler, Cass R. Sunstein | How do we choose?
 
 


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 Nudge: Improving D...  

Nudge: Improving Decisions About Health, Wealth, and Happiness
Richard H. Thaler, Cass R. Sunstein

Yale University Press, 2008 - 304 pages

average customer review:based on 40 reviews
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     highly recommended  highly recommended



Every day, we make decisions on topics ranging from personal investments to schools for our children to the meals we eat to the causes we champion. Unfortunately, we often choose poorly. The reason, the authors explain, is that, being human, we all are susceptible to various biases that can lead us to blunder. Our mistakes make us poorer and less healthy; we often make bad decisions involving education, personal finance, health care, mortgages and credit cards, the family, and even the planet itself.

 

Thaler and Sunstein invite us to enter an alternative world, one that takes our humanness as a given. They show that by knowing how people think, we can design choice environments that make it easier for people to choose what is best for themselves, their families, and their society. Using colorful examples from the most important aspects of life, Thaler and Sunstein demonstrate how thoughtful ?choice architecture? can be established to nudge us in beneficial directions without restricting freedom of choice. Nudge offers a unique new take?from neither the left nor the right?on many hot-button issues, for individuals and governments alike. This is one of the most engaging and provocative books to come along in many years.

 




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Very Insightful

Nutshell review - The book covers Libertarian Paternalism, how to help people be free in their choices and, at the same time, help them make better and more informed ones. A very insightful and informative book about human nature, human behaviour and into ways in which we can improve our decision making processes.


How do we choose?

Well, humans are not as intelligent as we think. The first segment of this charming book is about experiments that make it clear we just don't think lots of the time. Of course, there are times when we can't have all the information necessary to make a good choice. So the point of the book is how "choice architects" can "nudge" people to make choices that are in their best interest. The book is very readable, it has a casual style that makes economics much less intimidating than it usually is. But it certainly provides a dose of self-awareness most of us probably will be embarrassed about - a smiley face can affect adult behavior!


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Great theory, boring examples

The book initially starts out very interesting in its theory. Once it starts moving on into its sections on how their theory could improve the different parts of our lives, to include money, health, and education, it just becomes very dull. For example, they go in depth into how to improve social security using in depth examples, when they could have gotten to the point. I beleive most of the book was written to fill enough pages to publish. The attempts at humor in this book are all directed at "econs", and is not quite as entertaining to the rest of us as it is to the authors. The stars are given only because of the first part of the book,which explains choice architecture. The rest of the book is given a one star, it was not worth reading beyond part 1.


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reviews: page 1, 2, 3, 4, 5, 6, 7, 8



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