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A groundbreaking discussion of how we can apply the new science of choice architecture to nudge people toward decisions that will improve their lives by making them healthier, wealthier, and more free
Yes, there is such a thing as common senseand thank goodness for that. At least that's this reader's reaction to Richard Thaler and Cass Sunstein's Nudge, an engaging and insightful tour through the evidence that most human beings don't make decisions in the way often characterized (some would say caricatured) in elementary economics textbooks, along with a rich array of suggestions for enabling many of us to make better choices, both for ourselves and for society.
More Reviews and RecommendationsRichard H. Thaler is the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics and the director of the Center for Decision Research at the University of Chicago’s Graduate School of Business. Cass R. Sunstein is Karl N. Llewellyn Distinguished Service Professor of Jurisprudence, University of Chicago Law School and Departent of Political Science.
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November 07, 2009: This book offers one indefensible dillema. That dillema being the individual and/or group affecting the nudge, are humans, whom themselves, are also irrational creatures.
Who is to say that the people affecting the nudge are doing so for the greater good, and not for their own self-interests? Are these elites not also subject to the same biases as the supposedly un-informed masses are purported to be? Can we entrust these elites to act by solely moral means, for solely moral ends?History has proven time-and-again, that paternalism, libertarian or otherwise, will eventually lead to corruption and abuse.I Also Recommend: Stuff of Thought, Sway, How We Decide, The Mind of the Market.
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August 15, 2009: Must read for anyone interested in public or private policy issues.