Sublime

earnings tax-free until the money is withdrawn. Do such incentives work? The best study we know finds that they have little effect, especially when compared to (drum roll, please) defaults!

investment goods, people tend to err on the side of doing too little.

There is a cheap, nonrefundable round-trip ticket for $400, but if you don’t go you lose the entire amount. Or there is an expensive, fully refundable ticket for $1,200. Which ticket should you buy? When this came up for one of us, he asked his university what would happen if he bought the cheaper ticket and did not attend the conference—and was to

If choice architects want to shift behavior and to do so with a nudge, they might be able to achieve this by simply informing people about what others are thinking and doing.

L’importante è capire fin d’ora che il gioco della domanda e dell’offerta non impedisce affatto una tale eventualità, vale a dire uno squilibrio sempre più forte e duraturo nella distribuzione delle ricchezze, legato al flusso estremamente mobile di determinati prezzi relativi a determinati beni. È questa la lezione più importante che possiamo rica

Weigh second- and third-order consequences.

people attach values to gains and losses rather than to wealth,

When it comes to large, complex purchases, we can try to segregate our spending.