Nudge

Richard H. Thaler · 2008

Psychology
Cover of Nudge

Improving Decisions About Health, Wealth, and Happiness

Nobel laureate Richard Thaler and legal scholar Cass Sunstein show how small changes in how choices are presented — nudges — can dramatically influence behavior without restricting freedom. From organ donation to retirement savings, their concept of "libertarian paternalism" offers a middle path between free markets and heavy regulation.

Written with Cass Sunstein, Nudge bridged the gap between behavioral economics research and public policy. Thaler and Sunstein argued that since people are predictably irrational, institutions have a responsibility to design choice environments — "choice architecture" — that help people make better decisions.