Follow the Anomalies

As we move through our lives, we have to make decisions both big and small. Some are banal: What will I eat for breakfast today? Should I drive or bike to work? Others are more complicated: How much should I contribute to my 401k? What career should I pursue? Today on the show, behavioral economist Richard Thaler explains why our decision making is often far more nuanced than economic models would suggest. Today on the show, behavioral economist Richard Thaler explains why we make the decisions we do, and why they often aren't the most rational.