Richard Thaler with Malcolm Gladwell on Misbehaving

Behavioral economist Richard Thaler talks to bestselling author Malcolm Gladwell on the implications of behavioral economics on how we think about the world, from our personal lives to business to society. They will have you retooling your grocery list and retirement strategies, and lead managers to rethink every aspect of their business.



this is an important point someone who
has always been the the A+ student this
the court feel are the obvious smartest
kid in the room right golden boy is
someone who is who is not powerfully
motivated to disrupt the status quo
right right right is rare going I see
where you’re going
look no I think it’s an obvious point
that if I were if I had been really good
at doing economics I wouldn’t have had
to do this you know all right
I mean I sure when Rosen my advisor I
quote him in the in in an article in The
New York Times he told the reporter who
asked about my career as a grad student
quote we didn’t expect much of him yeah
and you it’s always good to have you
I think it’s been pure
stupidity that we haven’t been building
roads bridges and so forth
for the last seven years when we we
could we can borrow at a negative
interest rate and use otherwise idle
resources I mean it’s just mind boggling
that we haven’t done that and and you
don’t have to be a Keynesian to think
that so whether or not this would
stimulate the economy let’s just suppose
we do just cost-benefit analysis we have
bridges that are all going to fall down
all around the country we could be
building them with construction crews
that have nothing to do and borrowing at
zero interest rate and we’re going to
have to do start doing it as soon as the
economy picks up when it will cost a lot
more so complete stupidity