Richard H Thaler
@R_Thaler
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Professor of Behavioral Science and Economics, @CDR_Booth, @ChicagoBooth Co-author of Nudge:The Final edition, author of Misbehaving. Slayer of #sludge
Chicago
Joined August 2011
Boo! Sludge wins, consumers lose. @CassSunstein.
This is a terrible economic outcome. In my research (links below), I've shown that the subscription cancellation problem is big and leads to significant overpayments. The click-to-cancel rule was poised to make meaningful progress on this problem. Requiring firms to make it.
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Remember when the GOP at least pretended to be a believer in basic economics?.
@TheEconomist describes the BBB perfectly: Fiscal Incontinence.
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RT @42Courses: Misbehaving by Nobel Prize winner Richard H. Thaler explains why humans flawed, biased, and unpredictable clash with standar….
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Great piece! A good follow up would be on the role of sludge in MAGA. Make it as hard as possible for the poor to qualify for benefits. You have to prove you are eligible twice a year! But tax giveaways like carried interest just slide by.
Terrific essay on sludge! @R_Thaler @TheAtlantic .
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Iran tries some version of multi-dimensional tit-for-tat. Optimal response? @CFCamerer @alexolegimas @JustinWolfers.
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Nice piece in the @WSJ Since 2020 the CBO has systematically underestimated future deficits. @RichardRubinDC on why: "Stuff happens and Congress congresses".
Budget deficits of the 21st century, in visuals.
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RT @ojblanchard1: RIP Stan. Stan was my mentor and my friend. He was an outstanding economist, an outstanding policy maker, but even more i….
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Using #sludge as a disguise for cutting benefits. So dishonest. @CassSunstein.
An article on how the GOP mega-bill will kick people off Medicaid by drowning them in administrative paperwork:.
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Hey, I am told that the e-book (Kindle) version of Nudge is now on sale for $1.99. Such a deal! @CassSunstein I think you already have it.
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I have also wondered this but high pay is only half the answer. Why are billboards the chosen *medium* for personal injury lawyers? As opposed to say TV?.
Why are personal injury attorneys the marginal bidder for roadside billboards in so many parts of the US? Is the sector really so large? A priori, I would never have predicted this. Quick investigation: "Costs and compensation paid in the U.S. tort system reached over $529
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Poor choice of title! Consistent with the main idea, when I saw the title I thought, oh this is a retraction. No need to read!.
I guess my last tweet jumped ahead of this a little bit. .
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Alert teachers. You can trust Angela. Help?.
📱 Teachers—what should schools do about cell phones?. We don’t have enough teacher input. But with your help, that can change. I launched Phones in Focus, the first national study of school phone policies—led by educators like you. 🕐 5-min survey.📊 See how your school
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RT @LemonLymancom: 24 years ago today, 'Two Cathedrals' aired and the season finale ended with 'Brothers in Arms' by Dire Straits. https://….
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"This" is the post I was referring to. It is a thread. @dilipsoman.
We need a theory of consumption choices that goes beyond liquidity constraints. One that induces very lumpy spending responses. So we draw on "mental accounts" behavior, a la @R_Thaler. 3/7
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