A fascinating conversation unfolded recently featuring Richard Thaler, the Nobel Prize-winning economist renowned for his groundbreaking work in behavioural economics. The discussion dove deep into his decades-long journey exploring how psychological insights shape economic decision-making. Thaler shared reflections on his life's work pioneering the concept of "nudging" – those subtle interventions that guide people toward better choices without restricting freedom. From retirement savings to public policy, his theories have reshaped how we understand human behavior in markets. It's rare to hear such candid insights from someone who fundamentally changed how economists think about rationality and choice architecture.
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BrokenDAO
· 11-24 13:52
The nudge theory sounds nice, but it exposes its flaws in on-chain governance. If the voting incentive design is slightly skewed, the entire ecosystem runs in the opposite direction, ultimately relying on centralization for correction. The equilibrium of human games is not that easy to calculate.
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CoffeeOnChain
· 11-24 12:59
Hey, the nudge theory trap is indeed amazing, I've been using this approach to create products for a long time.
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potentially_notable
· 11-24 07:48
Eh, to put it simply, nudge theory is like "I know what you want," which feels a bit off...
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SellLowExpert
· 11-22 13:07
ngl thaler this trap theory is also quite applicable in crypto, it's about how to nudge people not to fomo buy the top... but to be honest, most of the time we are still nudged by the market haha
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TestnetScholar
· 11-22 13:07
The nudge theory is basically about giving you a push in places you don't know, it sounds gentle but is actually quite risky... wait, that's not right, this guy is really a genius in economics!
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NullWhisperer
· 11-22 13:07
nah but technically speaking, the "nudge" framework is just choice architecture with extra steps... still vulnerable to the same behavioral exploits it claims to prevent, no? interesting edge case thaler never really addresses
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GasFeePhobia
· 11-22 13:02
The nudge theory is essentially a dressed-up version of manipulation theory. It sounds sophisticated, but it's still about guiding you to make the "right choice"... But who defines what is right?
A fascinating conversation unfolded recently featuring Richard Thaler, the Nobel Prize-winning economist renowned for his groundbreaking work in behavioural economics. The discussion dove deep into his decades-long journey exploring how psychological insights shape economic decision-making. Thaler shared reflections on his life's work pioneering the concept of "nudging" – those subtle interventions that guide people toward better choices without restricting freedom. From retirement savings to public policy, his theories have reshaped how we understand human behavior in markets. It's rare to hear such candid insights from someone who fundamentally changed how economists think about rationality and choice architecture.