Nobel Prize Winner Richard Thaler on How Nudge Changed the World — Plus, Squirrel-Inspired Robots
Curiosity Weekly
Warner Bros. Discovery
4.6 • 963 Ratings
🗓️ 16 September 2021
⏱️ 14 minutes
🧾️ Download transcript
Summary
Nobel Prize-winning economist Richard Thaler explains how “Nudge” has changed the world. Plus: squirrel-inspired robots!
Additional resources from Richard Thaler:
- Pick up "Nudge: The Final Edition" at your local bookstore: https://www.indiebound.org/book/9780143137009
- Faculty page: https://www.chicagobooth.edu/faculty/directory/t/richard-h-thaler
- Follow @R_Thaler on Twitter: https://twitter.com/r_thaler
- Nobel Prize page: https://www.nobelprize.org/prizes/economic-sciences/2017/thaler/facts/
Scientists are studying parkour-ing squirrels to make better robots by Cameron Duke
- Hunt, N. H., Jinn, J., Jacobs, L. F., & Full, R. J. (2021). Acrobatic squirrels learn to leap and land on tree branches without falling. Science, 373(6555), 697–700. https://doi.org/10.1126/science.abe5753
- Leaping squirrels! Parkour is one of their many feats of agility. (2021, August 5). EurekAlert! https://www.eurekalert.org/news-releases/923924
- Nicoletta Lanese. (2021, August 5). (VIDEO) Watch squirrels perform parkour-like stunts for peanuts. Livescience.com; Live Science. https://www.livescience.com/squirrels-doing-parkour-study.html
- Mark Rober video: https://www.youtube.com/watch?v=hFZFjoX2cGg
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Transcript
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| 0:00.0 | Hi, you're about to get smarter in just a few minutes with Curiosity Daily from Curiosity.com. |
| 0:06.0 | I'm Cody Goth. And I'm Ashley Hamer. |
| 0:08.0 | Today you learn how the concept of nudge has helped governments and corporations around the world change your behavior |
| 0:14.7 | with Nobel Prize winning economist Richard Thaler. |
| 0:17.8 | You'll also learn about how scientists are building better robots by watching squirrels |
| 0:22.1 | do parkour. |
| 0:23.0 | Let's satisfy some curiosity. |
| 0:25.0 | Back in 2008, behavioral economists Richard Faylor and Cass Sunstein published the book Nudge. It was all about how tiny changes in how people make choices can have big outcomes. |
| 0:40.0 | A lot has happened since then. Organizations in the private and public sector have adopted strategies in the book, |
| 0:47.0 | and Richard Thaler was awarded the 2017 Nobel Prize in economics. |
| 0:52.0 | All while people have faced new and different challenges in their |
| 0:56.0 | decision-making. So Richard Faylor and Cass Sunstein decided to publish a new edition of their mega bestseller called Nudge the final edition. |
| 1:06.3 | Here's a conversation we had with Richard Thaler about the basics of Nudge Theory and how things have changed since the first edition. |
| 1:13.2 | A nudge is some small feature of the environment that attracts our attention and influences our behavior without requiring us to do anything. |
| 1:27.0 | So modern cars are full of nutches. |
| 1:31.0 | If you're too close to the car in front of you. It beeps. If it's a fancy car it might even break. The GPS device suggests |
| 1:42.2 | a route. |
| 1:44.0 | But you pick the place you want to go |
| 1:48.2 | and you can change your mind |
| 1:50.8 | or take a different route. Yesterday I was going somewhere and there was a big traffic jam and so I got off and the GPS doesn't complain. |
| 2:02.0 | It's not a backseat driver so the idea of nudge is can we |
| 2:09.2 | make the world more like driving with the GPS. |
... |
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