A nudge in behavioral economics is a small suggestion and/or behaviour reinforcement designed to help people make better choices, if not coined, then certainly popularized by Richard Thaler and Cass Sunstein in their book of the same name. McDonald’s is fast food I should eat less of, but given Warren Buffett and Bill Gates eat there regularly, too, my brain is making excuses to stop. Recently, I put nudge and McDonald’s together for an idea that could save the company money, and improve the lives of millions with the volume McDonald’s serves… and it even resembles something McDonald’s has done before!
economics
Money, Happiness, and Psychotherapy
On today’s No Stupid Questions podcast, there was mention of a study on the value of psychotherapy where the study authors (not the podcasters), stated psychotherapy had no value, and arrogantly added, therefore, all the studies that showed psychotherapy had value were now in question. I’ll address that arrogance later, but in the meanwhile, I’ll address the problem with that study’s bias that the podcasters, economist Stephen Dubner and psychologist, Angela Duckworth, didn’t fully reconcile, to my surprise.
Digital Citizen 