Thursday, September 30, 2010

Richard Thaler for the Nobel?

Tyler Cowen thinks so!! I hope it comes true!!

"
Guardian.co.uk: A "nudge unit" set up by David Cameron in the Cabinet Office is working on how to use behavioural economics and market signals to persuade citizens to behave in a more socially integrated way.

The unit, formally known as the Behavioural Insight Team, is being run by David Halpern, a former adviser in Tony Blair's strategy unit, and is taking advice from Richard Thaler, the Chicago professor generally recognised as popularising "nudge" theory – the idea that governments can design environments that make it easier for people to choose what is best for themselves and society.
Thaler is a good bet for the Nobel."

Btw, it's wonderful to see both authors of Nudge in high profile positions - one at White house and other with Cameron.

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