Episode · Freakonomics Radio · 2024-07-15

Books mentioned on EXTRA: People Aren’t Dumb. The World Is Hard. (Update)

4 books · With Richard Thaler · Listen · Watch on YouTube

You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done.

Stephen Dubner discussed Summary of Nudge: Improving Decisions about Health, Wealth, and Happiness by Richard Thaler and others and Misbehaving by Richard H. Thaler. Richard Thaler discussed General Theory Of Employment , Interest And Money by John Maynard Keynes and Foundations of Economic Analysis by Paul Anthony Samuelson.

Books mentioned, in the order they came up

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  1. Summary of Nudge: Improving Decisions about Health, Wealth, and Happiness

    Richard Thaler, Cass Sunstein, better me · at 7:19 · mentioned 2 times

    Summary of Nudge: Improving Decisions about Health, Wealth, and Happiness by Richard Thaler, Cass Sunstein, and better me explores how choice architecture can influence human behavior and decision-making.

    Discussed
    “Over time however failor work came to be tolerated if not outright accepted along the way he wrote A Few books including misbehaving the making of behaviorally econom I omics and nudge improving decisions about health wealth and happiness today governments around the world are running so-called nudge units”
    Where to get it
  2. Misbehaving

    Richard H. Thaler · at 7:19

    Misbehaving by Richard H. Thaler is a foundational work in behavioral economics that chronicles how human psychological realities systematically clash with traditional economic models.

    Discussed
    “Over time however failor work came to be tolerated if not outright accepted along the way he wrote A Few books including misbehaving the making of behaviorally econom I omics and nudge improving decisions about health wealth and happiness”
    Where to get it
  3. General Theory Of Employment , Interest And Money

    John Maynard Keynes · at 23:35 · mentioned 2 times

    John Maynard Keynes's influential 1936 economic treatise reshaped macroeconomic policy and continues to provoke critical debate among modern economists and scholars.

    Discussed
    “the single best chapter on behavioral Finance was written by John Maynard kees in the general theory which was written in 1936”
    Where to get it
  4. Foundations of Economic Analysis

    Paul Anthony Samuelson · at 24:08

    Foundations of Economic Analysis by Paul Anthony Samuelson is a seminal 1948 economics text that profoundly shaped the discipline by applying advanced mathematics to human behavior and economic theory in unprecedented ways.

    Discussed
    “and samelson in particular he was a University of Chicago undergraduate and then went off to graduate school and his thesis was called foundations of economic analysis so all he did was redo all of Economics properly”
    Where to get it
Other mentions in this episode (2) — ad reads, self-promotion and passing references, never counted
Passing Misbehaving
“Along the way, he wrote a few books, including 'Misbehaving: The Making of Behavioral Economics' and 'Nudge: Improving Decisions About Health, Wealth, and Happiness.'”
Passing Foundations of Economic Analysis
“And it was led by people like Paul Samuelson and Kenneth Arrow, and Samuelson in particular, he was a University of Chicago undergraduate and then went off to graduate school, and his thesis was called 'Foundations of Economic Analysis.'”