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Intelligence Squared

Business Weekly: Nudge Theory and How to Change Behaviours with Richard Thaler

Intelligence Squared

Intelligence Squared

News, Society & Culture, Arts, News Commentary

4.21.2K Ratings

🗓️ 15 November 2021

⏱️ 48 minutes

🧾️ Download transcript

Summary

Since the original publication of Nudge more than a decade ago, the word that served as the title of the ground-breaking book has entered the vocabulary of businesspeople, policy makers, economists, engaged citizens and consumers everywhere. It has given rise to more than 400 nudge units in governments around the world and has influenced countless groups of behavioural scientists in every part of the economy. In October 2021 Richard Thaler, one of the co-authors of the book and winner of the 2017 Nobel Prize for economics, came to Intelligence Squared to talk with journalist and author Kamal Ahmed about Nudge: The Final Edition, a cover-to-cover refresh of the original publication. Support this show http://supporter.acast.com/intelligencesquared. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You're listening to Business Weekly on Intelligence Squared.

0:03.3

Today we're talking Nudge Theory with Economist and author Richard Thaler.

0:06.9

It was part of an online event we did, which is why you'll hear some audience questions.

0:10.5

I hope you enjoy it.

0:11.5

Here's host Kamal Ahmed with more.

0:13.5

Now, lots of books are claimed to be one of the books of the century.

0:19.0

This book genuinely is one of the books of the century.

0:24.5

I read an urge first time when it first came out a decade ago,

0:27.9

and it genuinely changed the way I thought.

0:31.3

As it did for many people, whether they were governments, whether they were business,

0:37.4

whether they were third sector civil society,

0:40.5

it made for the first time behavioral economics mainstream,

0:45.4

and it really did move the dial on how we understood the world around us.

0:50.7

This, of course, is not his only book,

0:53.9

but is co-authored with his brilliant and witty colleague,

0:59.0

as he's Richard, and just reading the book brings that across,

1:02.3

Kaz Sustine.

1:03.5

So Richard, welcome.

1:04.5

Thank you very much for joining us to be here.

1:06.6

Could I kick off just for those who have possibly lived on another planet

1:11.8

over the past decade?

1:14.5

When you first wrote Nudge, what were the key things you wanted people to understand

...

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