Thaler advocates for improving choice architecture from "summary" of Misbehaving by Richard H Thaler
Thaler is a strong proponent of improving choice architecture, which essentially means designing the environment in which people make decisions to help them make better choices. This concept is based on the idea that individuals often make decisions that are not in their best interest due to various biases and cognitive limitations. By making small changes to the way choices are presented, Thaler believes that we can nudge people towards making decisions that align more closely with their long-term goals. One example of how choice architecture can be improved is through the use of default options. Thaler argues that defaults have a powerful influence on decision-making because most people tend to stick with the default choice rather than actively choosing an alternative. By setting more beneficial default options, such as enrolling employees in a retiremen...
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