For centuries, economic theory was based on the assumption that all people will choose what’s best for them. But it turns out that we don’t make smart decisions all the time…or even most of the time. Over the past 40 years, the field of behavioral economics has emerged to explain why humans make irrational decisions. We talk with one of the pioneers of the field to find out what’s behind the choices we make, and how we can use this knowledge for good.

Guests

  • Richard Thaler Author, 'Misbehaving: The Making of Behavioral Economics;' co-author, 'Nudge;' professor of economics and behavioral science, Booth School of Business at the University of Chicago

Read: "Misbehaving" Excerpt

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