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Nudge (Revised Edition)

Improving Decisions About Health, Wealth, and Happiness

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Nudge (Revised Edition)

By: Richard H. Thaler, Cass R. Sunstein
Narrated by: Sean Pratt
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Summary

 Every day, we make decisions on topics ranging from personal investments to schools for our children to the meals we eat to the causes we champion. Unfortunately, we often choose poorly. The reason, the authors explain, is that, being human, we are all susceptible to various biases that can lead us to blunder.

Our mistakes make us poorer and less healthy; we often make bad decisions involving education, personal finance, health care, mortgages and credit cards, the family, and even the planet itself.

Thaler and Sunstein invite us to enter an alternative world, one that takes our humanness as a given. They show that by knowing how people think, we can design choice environments that make it easier for people to choose what is best for themselves, their families, and their society.

Using colorful examples from the most important aspects of life, Thaler and Sunstein demonstrate how thoughtful "choice architecture" can be established to nudge us in beneficial directions without restricting freedom of choice. Nudge offers a unique new take - from neither the left nor the right - on many hot-button issues, for individuals and governments alike. This is one of the most engaging and provocative audiobooks to come along in many years.

Included in this recording are a bonus chapter and a Postscript that was added in the paperback edition.

©2009 Richard H. Thaler and Cass R. Sunstein (P)2009 Gildan Media Corp Personal Development Psychology Psychology & Mental Health Sociology Stress Management Inspiring Thought-Provoking
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Some weird sounds on the background in the last chapter.
Maybe, just because I already knew a great deal about nudges, but I did not enjoy the book, unfortunately. It includes unnecessarily long explanations of different insurance and saving schemes, that are not needed to understand a particular nudge point, and the tone of the book was such that it made me feel incredibly stupid, even though I am an economist by training.

Disappointed

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A very thought provoking book. The 1st half has excellent. Some of the application of the theory was too detailed for me.

1st half was excellent

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The start of the book showed a lot of potential however repetition and over use of examples meant it became repetitive. For anyone looking to learn further on ‘nudges’ I would recommend directing your research to behavioural economics/ finance resources elsewhere.

Cool idea, poor execution

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I felt I had heard most of the key ideas by reading a selection of reviews. How most people are 'humans' who have trouble disciplining themselves to save (for pensions etc) and are unrealistic in their assessments e.g. not believing on their wedding days that they risk divorce, and generally let their lives be run by inertia and taking the easiest path. The opposites are 'econs', who behave rationally all the time. A lot of all this is jolly amusing, but beyond these key ideas Thaler and Sunstein plough through enormous detail on pensions and (US) healthcare plans which is probably just what turns the typical human off.

You have to be quite interested in US pension rule

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while the majority of the book shares insights on an important concept there are sections that are very specific to North America life.

early chapters are good though I started to lose interest in the latter part and didn't finish it.

maybe I'll complete it another time.

interesting concept

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