Hay Player

Richard Thaler talks to Bronwen Maddox

Misbehaving: The Making of Behavioural Economics

Hay Festival 2016, 

From the renowned and entertaining behavioural economist and co-author of the seminal work Nudge, Misbehaving is an irreverent and enlightening look into human foibles. Traditional economics assumes that rational forces shape everything. Behavioural economics knows better. Thaler has spent his career studying the notion that humans are central to the economy - and that we’re error-prone individuals, not Spock-like automatons. Now behavioural economics is hugely influential, changing the way we think about not just money, but also about ourselves, our world and all kinds of everyday decisions.

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