The authors seem to indicate that it's best if companies force people to participate in some form of retirement plan "for their own good" but the authors do not seem to recognize that enrolling people and automatically matching their contribution also imposes costs on the employer. You will almost certainly have no trouble putting it down. Come on, why does the government need to stick it's nose into the definition of something that is clearly between the people making the commitment...it sure isn't to protect children anymore. BOOK REVIEW Richard H. Thaler, Cass R. Sunstein, Nudge: Improving decisions about health, wealth, and happiness Yale University Press, New Haven, CT, 2008, 293 pp, $26.00 Thomas C. Leonard Springer Science+Business Media, LLC 2008 Thaler and Sunstein have written an important book. by Nat Torkington | @gnat | +Nat Torkington | September 12, 2008. But it shouldn’t stop you from enjoying the rest of the material. Omar Mahmoud. Second, that power can be harnessed.”, Financial Times and McKinsey Business Book of the Year Nominee for Longlist (2008). Two examples seem appropriate to consider. Thaler is in the middle of a fortnight in the UK and is being courted and feted by the chattering, thinking, wonking classes. First, I love economics, and this book is not for the casual Freakonomics reader, but for someone who really cares about the subject. I probably shouldn't rate and review a book I didn't make it all the way through, but I found myself getting more and more angry the further I went into this book. Their own research, at the University of Chicago, builds upon the work of Tversky and Kahneman in behavioral economics (very much in vogue this past few years). I highly recommend this book for its prac. Behavioral Economics: Behavior: Action towards others. It is a book that people interested in any aspect of public policy should read. Iâm writing this review in 2019. About Richard H. Thaler and Cass S. Sunstein. âNudge is as important a book as any Iâve read in perhaps twenty years. But the most important characteristic I admire and love about a book, is its ability to make something simple and understandable. As an economist, Nudge was a book that I desperately wanted to like. Nudge has become the 'it' book for politicos. This clear and detailed summary and analysis is a valuable resource for anyone who wants to understand Thaler and Sunsteinâs bestselling book: it features a thorough explanation of the authorsâ aims, the main concepts underpinning their work, such as choice architecture, and the contextual background to their work, with a particular focus on the development of the field of behavioral economics. They seem to criticize schools for select. About the Author. Book Review Essay On Nudging: A Review of Nudge: Improving Decisions About Health, Wealth and Happiness by Richard H. Thaler and Cass R. Sunstein Robert Sugden School of Economics, University of East Anglia , Norwich, NR4 7TJ, UK Correspondence r.sugen@uea.ac.uk We’d love your help. The authors tackle mundane and laborious topics such as Medicare Part D while managing to leave the reader wanting to learn more. In that, the authors propose an idea for engineering a society that can both allow gay marriage but also allow for a literal interpretation of religious texts. Higher Education Publications, Inc. Falls Church, VA. 2008 p.1. In 2017, he received the Nobel Prize in Economics for his contributions to behavioural economics. It turned out to be more of a laundry list of examples how businesses try to manipulate us, a list that was nudged into book-length... December bookclub read for my sit in bookclub and when I checked in my book shop for this Book and was directed to the ECONOMICS/BUSINESS section I did quite a bit of eye rolling, I had automatically decided I wasn't going to like this book and as christmas reading goes this was going to be a taxing read. Like marriage! Schwartz H. A Guide to Behavioral Economics. It’s the first day of 2019, and I’m writing an addendum to the first review I wrote of this book in 2013 (see below). Though costumed in the guise I probably shouldn't rate and review a book I didn't make it all the way through, but I found myself getting more and more angry the further I went into this book. Nudge is really about the small, subtle pushes that our modern-day world makes to sway one's opinion or real-world choices. Our expert book-pickers will endeavour to select the very best titles, but if you would like to give us a nudge, you're welcome to let us know a few of your favourite genres! I don't buy potato chips, as I can't just eat just one and a quart of ice cream sitting quietly in my freezer is not quiet and, instead, seems to scream my name. This book was really different and difficult for me because I never read this kind of book before. Let us know what’s wrong with this preview of, Published Richard H. Thaler is the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. We are now back up and running! This book is not what I thought it would be. But at the same time, without such expectations, I might not have bothered to read the book at all. It will challenge many of your fundamental beliefs and principles. Thaler is a Nobel-prize winner and I absolutely loved his book â Misbehaving â, which explains how psychology improved our understanding of economics to give birth to âBehavioral Psychologyâ. I would rank it only one star, but in the midst of all the typical Ivy League gabbldeegook i found this truely inspired passage: To understand my five star rating there are a few things you must understand about me. I was pleasantly surprised by this book. The book took me longer to read, which is reasonable for a book of its length. This was a great book of the concept of Nudge psychology. The authors, both economists at University of Chicago, advocate what they call “paternal libertarianism” in order to improve an equal footing for all in the areas of health care, marriage, taxes, and so on, without impinging on freedom any more than absolutely necessary. I can buy it. Richard H. Thaler is an American economist who was awarded the 2017 Nobel Prize in Economics. It also provides an introduction to the practical applications of Thaler and Sunsteinâs theories, the main criticisms of their ideas and the legacy of their work, giving you everything you need to understand this influential book in just 50 minutes. I highly recommend this book for its practical insight into behavioral psychology and behavioral economics. I donât recommend this book as a substitute for Thinking Fast and Slow or Nudge. And while it might have not changed my core beliefs about supporting quality public education and gay marriage, it still provided a very solid argument to understand the opposing views. Two examples seem appropriate to consider. However, after much discussion we have decided to make some changes to how we run our review centre going forward. It speaks of how conditions can be changed and perhaps improved by "nudging" people. , such a simply written text of 250 pages ought to have finished in time. 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