You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. The founder of behavioral economics describes his unlikely route to success; his reputation for being lazy; and his efforts to fix the world — one nudge at a time.
Today
683. In the New Space Race, Who Makes the Rules?
Governments started the space age. Now, billionaires and private firms are reinventing it. Guest host Steve Levitt explores what the past can teach us about a high-stakes future. (Part two of a two-part series.) SOURCES: Blaise Agüera y Arcas, vice president and fellow at Google, ... Show More
56m 27s
Jul 29
How Gary Gulman Turned Depression Into Comedy Gold | Better in Person
Gary and Stephen talk about creativity, recovery, getting fired, and holding grudges. They also get outside and play basketball, which is a big part of how Gary stays well. If you'd like to see the video version of Better in Person, watch it on YouTube or Apple Podcasts. Hosted b ... Show More
47m 6s
Nov 2025
What economics gets wrong about human behaviour, with Richard Thaler
Economists like to model people as rational creatures who make self-interested decisions. But humans don’t act that way. Why do investors, politicians and ordinary people act against their best interests – and how can they be nudged into making better decisions? To find out, FT e ... Show More
33m 19s
Nov 2021
Business Weekly: Nudge Theory and How to Change Behaviours with Richard Thaler
Since the original publication of Nudge more than a decade ago, the word that served as the title of the ground-breaking book has entered the vocabulary of businesspeople, policy makers, economists, engaged citizens and consumers everywhere. It has given rise to more than 400 nud ... Show More
49m 27s