“Recall that people like to do what most people think it is right to do; recall too that people like to do what most people actually do.” – Richard Thaler, Nudge
Join us and the Financial Times’ Tim Harford at the third Undercover Economist Interview Series event this June, with American behavioural economist and author, Richard Thaler.
Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying an alarm clock, selling football tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave.
Coupling recent discoveries in human psychology with a practical understanding of incentives and market behaviour, Thaler will discuss how to make smarter decisions in an increasingly mystifying world, revealing how behavioural economic analysis opens up new ways to look at everything, as outlined in his latest book, Misbehaving.
Don’t miss an evening of entertaining history of behavioural economics told by its most vivacious and inventive founding member.
18:15 - Registration and bar opens
19:00 - Interview with Richard Thaler
20:30 - Close
**A limited number of extra tickets are now available.