The World's Best Book Summaries
Is it possible to privatize Social Security? What would be the best way to do it, and would it work? Social Security privatization is one option for addressing the financial strain on the program. This strategy is politically divisive and would need careful execution. Read more about the way to privatize Social Security.
What is government intervention? How can it be used without taking away freedom of choice? Government intervention is any action taken by the government to change what happens in a free market. Where the market methods lead to undesirable outcomes, the government can step in. Read more about government intervention and what it might look like.
What is the difference between humans and econs? What mistakes do humans make that econs avoid? Humans and econs are terms used to describe two types of decision making. Econs are perfectly rational in their choices, but humans are irrational. Read on to understand humans and econs.
What are the methods for nudging environmental behavior? Are there effective economic incentives for environmental protection? Nudging environmental behavior is a strategy for encouraging people to make more environmentally friendly decisions. People are able to make their own choices, but the desired behaviors are incentivized in some way. Read more about nudging environmental behavior.
What is Nudge theory? How does the Nudge theory book explain how the theory can be applied to your life? Nudge theory is about helping people make better choices. What is Nudge theory based on? The idea that people should have free choice, but that the choices can be presented in a way that encourages better outcomes. Read on to understand what is Nudge theory and learn how to apply it to your life.
What is the representativeness heuristic? How does it affect decision making? The representativeness heuristic is a bias that comes from trying to understand information by categorizing. The problem arises from stereotyping in these situations. Read on to understand the representativeness heuristic.
What are heuristics and biases? Are there common heuristics most people use? Heuristics and biases are rules of thumb or cognitive shortcuts people use. Instead of thinking carefully about every trivial choice, common heuristics help with efficiency. Read more about heuristics and biases in everyday life.
What is mortgage discrimination? Who is affected by discrimination in mortgage lending? Mortgage discrimination is a problem for people of color and less educated communities. Certain mortgages are also less advantageous regardless of the discrimination in mortgage lending. Read on to learn about mortgage discrimination and how to identify lending issues.
What are some nudge policy examples? How do they illustrate what is possible with a nudge? Nudge policy examples are illustrative of how choice architecture can work in a number of settings. Nudges can work for the environment, education, organ donation, and more. Keep reading to see nudge policy examples.
What is groupthink theory? How does the groupthink bias work? The groupthink bias is the way decisions made in a group may not be ideal. People agree to something together that they may not agree to indpendently. Read on to understand the groupthink bias.