The World's Best Book Summaries
What is the RECAP system? How does it help choice architects and how can it help you? The RECAP system is an acronym for Record, Evaluate, and Compare Alternative Prices. It is useful for situations where a lack of information makes good choices challenging. Read more about the RECAP system and its uses, especially with credit cards.
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.
What are behavioral biases in investing? How does Nudge suggest addressing them? Biases in investing are the psychological obstacles that prevent you from making rational decisions. Adjustments, like nudges, can encourage better choices. Keep reading to see how biases in investing might be hurting you.
How can you nudge organ donation? How can a nudge for organ donation increase the supply of donated organs? Organ donations are contingent on people signing up to be organ donors. Nudges can increase the number that sign up. Read more about how to nudge organ donation.
What is nudge management? Why is it important and how can you make it work for you? Nudge management is the process of designing and maintaining effective nudges. With appropriate choice architecture, you get better results. Read on to learn about nudge management examples and strategies.
What is automatic thinking? How does it differ from reflective thinking? Automatic thinking is your instant reaction. It is different from thinking that is part of the Reflective System. When you use automatic thinking, you make decisions quickly and without much consideration. Read more about automatic thinking and what it is used for.
What does nudging in education look like? How can it help students and communities? Educational nudges are used to encourage better school choices and student attendance. Nudging in education can help individual students, their families, schools, and communities. Read more about nudging in education and how it can help schools and students.
What is a choice architect? How does a choice architect help implement nudges? A choice architect is a person that designs the options available in a given situation. The choice architects may also set the default choice. Read on to understand what a choice architect is and see some choice architecture examples.
What is libertarian paternalism? How does it encourage better decisions? Described in Nudge, libertarian paternalism is a concept that balances the freedom of choice with the likelihood of people to make bad decisions. Instead of just forcing people to do something, you set them up to make better choices. Read on to understand how libertarian paternalism works.
How does independent thinking help you succeed at work? Why does independent thinking matter? Independent thinking means that you can think creatively and critically. It’s an important skill for finding success in the workplace. Read more to find out why independent thinking is a core skill for finding success in the workplace.