BFM 89.9
The Business Station
Recommended
1 min
19 mins
23 mins
Yesterday, American economist Richard Thaler was awarded the Nobel Prize in Economic Sciences. Thaler is well known for his best-selling book titled “Nudge”. Based on a concept that that people can be influenced by prompts, it has even influenced governments with some setting up nudge units. The Nobel Committee’s statement on this award reads - “Richard H. Thaler has incorporated psychologically realistic assumptions into analyses of economic decision-making. By exploring the consequences of limited rationality, social preferences, and lack of self-control, he has shown how these human traits systematically affect individual decisions as well as market outcomes.” Today, we ask one of his students, why he thinks the award is timely.
Presenter:
Producer:
Share:
Recent episodes
0
Latest stories
Podcasts · Jan 15 · 2:45AM
Designing Your Spaces With Zirconio Sintered Stone
1 min
Podcasts · Jan 15 · 1:30AM
Key Trends Shaping The Property Sector In 2024 & 2025
19 mins
Podcasts · Jan 15 · 12:00AM
Swisslog: Swiss Precision For Warehouse Automation In SEA
23 mins
Richard Thaler - Giving Economics a Nudge
9 mins
·
08:35, 10 Oct 2017
.jpg&w=3840&q=75&dpl=dpl_4MRjE34uPDBUr4WToBjE24YFbswK)
Yesterday, American economist Richard Thaler was awarded the Nobel Prize in Economic Sciences. Thaler is well known for his best-selling book titled “Nudge”. Based on a concept that that people can be influenced by prompts, it has even influenced governments with some setting up nudge units. The Nobel Committee’s statement on this award reads - “Richard H. Thaler has incorporated psychologically realistic assumptions into analyses of economic decision-making. By exploring the consequences of limited rationality, social preferences, and lack of self-control, he has shown how these human traits systematically affect individual decisions as well as market outcomes.” Today, we ask one of his students, why he thinks the award is timely.
Presenter:
Producer:
Share:
Recommended
Jan 15
·
19 minsKey Trends Shaping The Property Sector In 2024 & 2025
Download app
60,000 other podcasts in your hand
Recent episodes
0
Latest Stories
Podcasts · Jan 15 · 1 min
Designing Your Spaces With Zirconio Sintered Stone
Podcasts · Jan 15 · 19 mins
Key Trends Shaping The Property Sector In 2024 & 2025
Podcasts · Jan 15 · 23 mins
Swisslog: Swiss Precision For Warehouse Automation In SEA