Richard Thaler Books

"Coupling recent discoveries in human psychology with a practical understanding of incentives and market behavior, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV game shows, the NFL draft, and businesses like Uber"--Amazon

"Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments"--Amazon.com

Using the application of psychology to the challenges we face in the world today, the Nudge Unit is pushing us in the right direction. This book presents the unconventional, multi-million pound saving initiative that makes a big difference through influencing small, simple changes in our behaviour.

Now available: Nudge: The Final Edition The original edition of the multimillion-copy New York Times bestseller by the winner of the Nobel Prize in Economics, Richard H. Thaler, and Cass R. Sunstein: a revelatory look at how we make decisions—for fans of Malcolm Gladwell’s Blink, Charles Duhigg’s The Power of Habit, James Clear’s Atomic Habits, and Daniel Kahneman’s Thinking, Fast and Slow Named a Best Book of the Year by The Economist and the Financial Times Every day we make choices—about what to buy or eat, about financial investments or our children’s health and education, even about the causes we champion or the planet itself. Unfortunately, we often choose poorly. Nudge is about how we make these choices and how we can make better ones. Using dozens of eye-opening examples and drawing on decades of behavioral science research, Nobel Prize winner Richard H. Thaler and Harvard Law School professor Cass R. Sunstein show that no choice is ever presented to us in a neutral way, and that we are all susceptible to biases that can lead us to make bad decisions. But by knowing how people think, we can use sensible “choice architecture” to nudge people toward the best decisions for ourselves, our families, and our society, without restricting our freedom of choice.

Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. He presents literate, challenging, and often funny examples of such anomalies as why the winners at auctions are often the real losers--they pay too much and suffer the "winner's curse"-- why gamblers bet on long shots at the end of a losing day, why shoppers will save on one appliance only to pass up the identical savings on another, and why sports fans who wouldn't pay more than $200 for a Super Bowl ticket wouldn't sell one they own for less than $400. He also demonstrates that markets do not always operate with the traplike efficiency we impute to them.

Der Klassiker der Verhaltensökonomie vollständig aktualisiert Seit der Erstveröffentlichung von Nudge im Jahr 2008 und dem Nobelpreis für Richard Thaler 2017 ist dieses Buch zu einem Klassiker geworden. Regierungen auf der ganzen Welt, Geschäftsleute, politische Entscheidungsträger, Wissenschaftler, engagierte Bürger, Verbraucher und Verhaltensökonomen haben sich davon inspirieren lassen. Dieses Buch zeigt, wie wir eine durchdachte Entscheidungsarchitektur nutzen können, um bessere Entscheidungen für uns selbst, unsere Familien und unsere Gesellschaft zu treffen. Jetzt haben Richard Thaler und Cass Sunstein das Buch überarbeitet und dabei ihre Erfahrungen innerhalb und außerhalb der Regierung in den letzten zwölf Jahren sowie eine Fülle neuer Forschungsergebnisse eingebracht. Diese aktualisierte Ausgabe bietet sowohl eingefleischten Fans als auch Neulingen eine Fülle neuer Einblicke in ein breites Spektrum von Themen, mit denen wir in unserem täglichen Leben konfrontiert sind: Gesundheit, persönliche Finanzen, Klimawandel und "Sludge" (Papierkram und andere Belästigungen, die uns davon abhalten, das zu bekommen, was wir wollen) – und das alles unter Einhaltung einer der Grundregeln des Anstupsens: Haben Sie Spaß!

This work explores the complexities of deprivation of liberty within the criminal justice system, examining its nature, aims, and the consequences of classifying prisoners. It discusses the basic penitentiary paradox and the evolution of prisons in the 21st century. The book outlines contemporary penitentiary standards and policies, detailing treaty standards, recommended norms at universal and regional levels, and the domestic impact of international standards, particularly in Poland. The human dimension of prison life is addressed through the lens of interpersonal relationships among prisoners and staff, highlighting confrontations and notable scandals. The text delves into the social rehabilitation of prisoners, contrasting the ideals of normalization with the realities they face. It reviews key rehabilitation instruments, including outside contacts, work, education, and treatment programs, along with preparations for release. Additionally, the book discusses the intersection of prison life and human dignity, focusing on discrimination, coercion measures, healthcare access, and disciplinary procedures. Finally, it examines control mechanisms, inspections, and procedural guarantees for prisoners at both domestic and international levels, including complaint procedures and monitoring frameworks. The concluding remarks synthesize the findings, supported by a bibliography and appendices for further reference.

FINALNE WYDANIE PRZEŁOMOWEJ KSIĄŻKI LAUREATA NAGRODY NOBLA Codziennie podejmujemy wiele rozmaitych decyzji, począwszy od tego, na co chcemy wydawać pieniądze, jaką szkołę dla dzieci wybrać, co jeść, po sprawy, o które chcemy walczyć. Często te decyzje są nietrafione. Powodem jest to, że będąc ludźmi, jesteśmy podatni na wszelkiego rodzaju błędy, które mogą prowadzić do bolesnych pomyłek. Kierujemy się partykularnymi korzyściami, a ponadto nie mamy cierpliwości, nie potrafimy być zawsze zdyscyplinowani i racjonalni. Co jednak zrobić, by nasze wybory były choć trochę racjonalne? O tym jest właśnie książka Thalera i Sunsteina poświęcona teorii impulsu (szturchnięcia), która głosi, że nie ma konfliktu między swobodą wyboru a przymusem. Libertariański paternalizm! Co należy zrobić, by ludzie podejmowali korzystne dla siebie decyzje? Szturchnąć ich! Koncepcja Thalera i Sunsteina jest istotnym wsparciem w budowaniu m.in. pracowniczych programów emerytalnych czy opieki zdrowotnej. Ludzie potrzebują impulsów!

Podtitul: Příběh behaviorální ekonomie. Anglický titul Misbehaving znamená zhruba „nesprávné chování“, tj. takové, které neodpovídá ústřední ekonomické teorii, podle které se člověk chová a rozhoduje tak, aby po racionální úvaze maximalizoval svůj prospěch. Autor ukazuje, že se to zaprvé neděje, a taky proč se to ani dít nemůže, a jaké to má důsledky pro ekonomickou teorii i pro konkrétní fungování ekonomiky. Kniha je mapováním geneze nového přístupu k ekonomii, oboru behaviorální ekonomie, která zohledňuje lidskou iracionalitu, neinformovanost i lenost – na příkladech i s teoretickým výkladem.

Podtitul: Příběh behaviorální ekonomie. Anglický titul Misbehaving znamená zhruba „nesprávné chování“, tj. takové, které neodpovídá ústřední ekonomické teorii, podle které se člověk chová a rozhoduje tak, aby po racionální úvaze maximalizoval svůj prospěch. Autor ukazuje, že se to zaprvé neděje, a taky proč se to ani dít nemůže, a jaké to má důsledky pro ekonomickou teorii i pro konkrétní fungování ekonomiky. Kniha je mapováním geneze nového přístupu k ekonomii, oboru behaviorální ekonomie, která zohledňuje lidskou iracionalitu, neinformovanost i lenost – na příkladech i s teoretickým výkladem.