From the winner of the 2017 Nobel Prize in Economics, this summary of Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard Thaler and Cass Sunstein provides insightful and revelatory information on how we make decisions.
Please note: This is a summary, analysis, and review of the book and not the original book. This audiobook is meant as a companion to the original book or to simply get the gist of the original book.
In Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard Thaler and Cass Sunstein, the authors provide information on how the configuration of the places in which we make decisions influences our choices. The quantity that we eat depends on the size of our plate, the foods we pick in the cafeteria depends on where they are placed at an eye level. The magazines we buy depends on what magazines are displayed at the checkout of the supermarket. However, the same tendency also affects decisions with more significant consequences, such as how much families would save and how they would invest in their futures savings; the kind of mortgage to take out; which medical insurance to choose; what cars to drive.
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