Behavioral EconomicsConsumer RightsExpense AccountPersonal FinanceOctober 31, 2017by Monika Halan0Why Richard Thaler’s Nobel means a win for consumers
If you have had the occasion to have economist and Nobel laureate Richard Thaler sign a book for you, it’s likely that you have one that says, “Nudge for good” or “Misbehave for good”. Nudge and Misbehaving are books written by Thaler. Nudge, written earlier than Misbehaving, is about tweaking the choice architecture so that people make better decisions. For example,...