Misbehaving: The Making of Behavioral Economics | Richard Thaler | Talks at Google

The upshot being that folks don't react rationally. Imagine that? There was a PBS short series in which Dr. Thaler, pointed that out, to less than rave reviews. People don't like to be shown that they act, sometimes, in ways that are not clever. I'm reading his book now. Like it a lot!

Simply Delicious...

You are Google do not ban me in Google plz

I could barely get through his book. College professors rant WAY too much. And the constant name dropping was incredibly annoying. Be prepared to skim A LOT if you want to read the behavioral economics part of the book.

The sad truth is that most restaurant workers intentionally work at restaurants because they became so reliant on the tips that they didn't develop useful skills that could land them a better job. Now they're stuck. Sucks to be stupid

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Eu sou fudido simples assim

Bairro de play boy não tem espaço para vagabundo kkkkkkkkkkkkkkkkkkkkkk simples assim você mora porque não é serio

Isso que não comprei ainda a hora que eu comprar já pra vocês seus lixos

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Thank you very much: Macroeconomics driven by behavioral Economics with sensible microeconomics.

Play at 1.5×

Very nice session. Thank you

I listened to the audio book i wanted to see what the author looked like sounded like hear, it's a great book so far

I don't know whats wrong with the US? Here in Switzerland we have a 2 stage mandatory pension plan and after 67 you get a paycheck every month for life.....:-)

I have the methodology that aggregates the functionality of behavioural economics both at a micro and macro level. You can watch my videos in the "Business Talk" series

One just gets nudged and nudged to watch the awesomeness of 56 minutes, by the coolest misbehaving every now and then by Thaler's poking at Hal :)

Read Carl Snyder.

Thaler is wrong. Economics is rational. Read Ayn Rand.

That's the sound quality at Google?

Dry talk . Your book is much better!

Great talk. Thanks Google (I don't say that very often)!

Dont waste your time listenig yo this, listen to charlie munger instead,

Yikes. What a mess

I stopped to listen when he says greece problem is they don't want to pay taxes ..

Google uses apple🙃

Google uses apple🙃

Google uses apple🙃

This is really not explaining economics at all..

Snow emergencies ??? Don't go out per the local gov .. Drivers have to make money and can't be uncertain on their income. Think of a farmer sitting on a lonely road. He usually sells 5 gallons milk at $ each to buy $$$$$ of corn for his family dinner. He happened to sell one gallon all day .. for $$$$$ so he could buy corn. That is business and a man working hard.

Snow shovel price hike is completely fair. He has to make money that day... but in a blizzard who will go out? It is not about demand .. it is low business traffic

Stanford ? College of Libertarian Economic Delusions

Anomalies. .I was just going to say you can poke holes in anything. You can continue to do so forever as people are creatures of habit and build the system we live in ... or avoid

Ok .. I'm given a ticket to x event worth $1000, and I didn't go, and didn't sell the ticket .. It's because I had better things to do and could care less about a trivial game and a piece of paper with an arbitrary value that may have fallen to $200 if I tried to sell them at the event.

I see an opinion that people who don't concern themselves with consumption and hyper-consumerism are somehow making flawed decisions and perceived as irrational is in fact, irrational as to some people, money is just paper and not happiness.

Did I loose $1000 wasting a ticket, or by going ? Did it cost me $1000 if I went ?? No .. It was never mine and they economy puts some of that back into my community center, or maybe put my house fire out.

It's been proven that once someone achieves all the wealth the perceive the will ever need, they feel even better if they take more. The rich intentionally take from those with less resources, and the more the take the better they feel. I find Behavioral Economics fascinating. People only behave from corrective punishment. .. The Tip comment .. I read that people inherently want equality. However when they cannot see the inequality and have to correct it but can't as they get confused and can't decide on what is equal distributions, and they keep what they could have shared. ..... And more on sincerity .. Koch blocks an individuals liberty and self determination by killing public transportation while organizing his $200,000,000 bribes to every level of government .. thinking you're not watching and resumes a 15 min speech claiming that is he is politically and socially active to help every person succeed by dismantling all government involvement in the economy, except for his trillions in corporate welfare.

I recall vividly that I was at the CUNY Graduate Center (34th and Fifth Avenue) at noon of 9-11, and needed to get back to Rockland County, west of the Hudson. Public transit was down. I walked to the West Side Highway, and started hitching. A limo driver picked me up and asked for $20 to take me to the foot of the George Washington Bridge. I paid.

The notion of surge pricing has both demand-side and supply-side effects. It encourages more drivers to be willing to deal with harsh conditions, and it rations supply. In the absence of surge pricing, the supply of cars would be rationed by increased waiting times. I am not sure that is a better solution.

Yehuda Klein, Ph.D.
Professor and Chair, Department of Economics
The Koppelman School of Business at Brooklyn College

i just realized people in my town were nudged. There was a bad behavior by drivers, in which they didn't respect pedestrian crossings. So the town hall ordered municipal guards to apply a tough fine on drivers cought misbehaving in that area. The strict use of law was just temporary, but the social norms changed, and now drivers respect the pedestrian crossing even though guards are much less attentive to this offense nowadays.

Congratz sir.. For the prize

congratulation for Nobel prize！

Congrats for your nobel prize!

This is a brilliant talk ! It just seems casual but its really loaded with awesome gems

The disastrous Obamacare is one classic example of what BIG GOVERNMENT do to the people. Cass Sunstein and the many social engineers that proposed nudges and coercion of policies to tacitly forced their agenda onto the masses is anti-democratic and anti-American! These marxist, globalist intellectuals have got to go!

One of the dumbest talks at Google. Like ever.

I really like Thaler but this was like watching an aboirtion. He spoke too little about behavioral economics. By the way Misbehaving is an amazing book. I have no idea why this talk didnt work out.

And they were nudged to buy the book.

Damn. Speak to the public much? Get the lead out.