An analysis of Richard H. Thaler and Cass R. Sunstein's Nudge : improving decisions about health, wealth and happiness
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An analysis of Richard H. Thaler and Cass R. Sunstein's Nudge : improving decisions about health, wealth and happiness
-- Richard H. Thaler & Cass R. Sunstein's Nudge :
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"When it was published in 2008, Richard Thaler and Cass SunsteiÃn';s Nudge: Improving Decisions about Health, Wealth, and Happiness quickly became one of the most influential books in modern economics and politics. Within a short time, it had inspired whole government departments in the US and UK, and others as far afield as Singapore. One of the keys to NudgÃe';s success is Thaler and SunsteiÃn';s ability to create a detailed and persuasive case for their take on economic decision-making. Nudge is not a book packed with original findings or data; instead it is a careful and systematic synthesis of decades of research into behavioral economics. The discipline challenges much conventional economic thought--which works on the basis that, overall, humans make rational decisions--by focusing instead on the 'irrationaÃl'; cognitive biases that affect our decision making. These seemingly in-built biases mean that certain kinds of economic decision-making are predictably irrational. Thaler and Sunstein prove themselves experts at creating persuasive arguments and dealing effectively with counter-arguments. They conclude that if governments understand these cognitive biases, they can 'nudgÃe'; us into making better decisions for ourselves. Entertaining as well as smart, Nudge shows the full range of reasoning skills that go into making a persuasive argument."--Provided by publisher.
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