Topic: Behavioral Economics

1 chapters across the catalog

05: Life's a Pitch
23:15 - 27:15

05: Life's a Pitch

Richard Thaler, Nudge Theory, and Choice Architecture

Professor Richard Thaler's concept of "nudging" and "choice architecture" is explored through his work at the University of Chicago. Thaler defines a nudge as a small environmental feature that influences behavior without mandates, such as the placement of food in a cafeteria. The hosts question the ethics of choice architects in digital environments who determine what users see in their social media feeds.