Richard Thaler on Why People are Much More Irrational than Economists Believe

Dec 7, 2025
1h 8m

Episode Description

Richard Thaler is the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. He is the co-author, with Cass Sunstein, of Nudge: Improving Decisions about Health, Wealth, and Happiness, and is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences.

In this week’s conversation, Yascha Mounk and Richard Thaler explore to what extent humans behave rationally, how nudge theory works, and whether we should outsource questions about life to ChatGPT.

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Podcast production by Mickey Freeland and Leonora Barclay.

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