Sublime
An inspiration engine for ideas
The false assumption is that almost all people, almost all of the time, make choices that are in their best interest or at the very least are better than the choices that would be made by someone else. We claim that this assumption is false—indeed, obviously false. In fact, we do not think that anyone believes it on reflection. Suppose that a chess
... See moreCass R. Sunstein • Nudge
The paternalistic aspect lies in the claim that it is legitimate for choice architects to try to influence people’s behavior in order to make their lives longer, healthier, and better.
Richard H. Thaler • Nudge: The Final Edition
we think that choice engines have a significant advantage over human advisers: they are much easier to audit.
Richard H. Thaler • Nudge: The Final Edition
Such strategies work well if the risk of submitting to temptation can be anticipated, and removing the temptation is feasible.
Richard H. Thaler • Nudge: The Final Edition
First, most people learn from others. This is usually good, of course.
Richard H. Thaler • Nudge: The Final Edition
when purchasing insurance, choose the largest deductible available.
Richard H. Thaler • Nudge: The Final Edition
defined contribution
Richard H. Thaler • Nudge: The Final Edition
customizable,
Richard H. Thaler • Nudge: The Final Edition
until either a choice is made or the set is narrowed down enough to switch over to a compensatory evaluation of the finalists.