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Jan 11, 2019
When it comes to spending money, do we care what other people think?
Play • 29 min
Nudge expert and behavioural economist Bob Slonim on the economics of motivation.
More episodes from The Economists
Sep 16, 2021
“Mugged by reality”: COVID choices that are hard to make
Economics is called the dismal science in part because it is about hard choices — situations where we can't have our cake and eat it too. Last year it seemed as if COVID wasn't one of them. Keeping the virus at bay gave Australia one of the world's lowest death tolls and one of its shortest recessions. The Delta variant changed that and made the "costs" of fighting the pandemic much harder to bear. The Economists discusses the "trade offs" of the pandemic and the road ahead. Guests: Stephen Duckett, Health and Aged Care Program Director, Grattan Institute Peter Harris, Former Productivity Commission chair, former CEO, National COVID-19 Coordination Commission Advisory Board
Sep 9, 2021
Richard Thaler on "Nudging" the pandemic, climate change and retirement saving
Professor Richard Thaler has spent his career investigating how people really behave – how we save for retirement, what we choose to eat, how we use energy. Through understanding the many reasons for human misjudgement, such as being too optimistic, or facing too many choices, Richard Thaler's work has helped people make better decisions. The concept is known as "nudge" and nudge units are now commonplace in governments and businesses around the world to develop better policy. Guest: Professor Richard Thaler, Professor of Behavioural Science and Economics, University of Chicago Booth School of Business, 2017 recipient of the Nobel Memorial Prize in Economic Sciences and co-author of "Nudge".
Sep 2, 2021
GDP figures strong but difficult days ahead
The underlying strength in the Australian economy has again beat many expectations; the nation's economy rose 0.7 per cent in the June quarter. However, the figures are like a look in the rear-view mirror and do not capture the full pain of the latest lockdowns. Is the latest economic news set to be as good as it gets? Guests: Josh Frydenberg, Federal Treasurer Jo Masters, Chief Economist, EY Oceania