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How to Create New Paths to Purpose?
New Paths to Purpose is a project aimed at using behavioral science to transform how we think about and experience purpose - to scientifically explore how purpose may, much more than we recognize, reflect and propel everyday patterns of human thought and behavior. [Time: 1:40]
New Paths to Purpose: Project Descriptions
New Paths to Purpose is a project aimed at using behavioral science to transform how we think about and experience purpose - to scientifically explore how purpose may, much more than we recognize, reflect and propel everyday patterns of human thought and behavior. [Time 2:24]
Is the Do-It-Yourself Retirement Model Failing Us?
401(k) auto-enrollment and auto-escalation programs have made a big difference, but too many retirement savers are still being left behind, says behavioral science and economics professor Richard Thaler. [Time: 12:02]
What’s the Best Way to Make People Give More Money?
The U.S. Fund for Unicef CEO Caryl Stern and Duke University Behavioral Economist Dan Ariely discuss philanthropy in a difficult economy on Bloomberg Television's “Market Makers.” [Time: 7:36]
How to Get More Happiness From the Money You Spend
"Happy Money" is a new book that presents five scientifically tested ways that people can increase their happiness by changing the ways they spend their money. Join authors Elizabeth Dunn and Michael Gordon to find out the surprising ways that money can indeed buy happiness. [Time: 11:36]
Know What I’m Thinking?: Understanding How We Can Improve Our “Mind Reading” Skills
Much of everyday behavior is directed toward understanding, responding to, or attempting to change how we are seen by the people around us. We can be easily led astray, however, by common errors in these perceptions. New research shows us that when we want to better understand how others see us, we should start by changing the way we look at ourselves. [Time: 5:55]
One Bird, One Stone: Why You Might Use Something More When It Accomplishes Less
How do we choose the means—that is, the actions, objects, or other resources—with which we attempt to achieve our goals? New research suggests that these choices are partly determined by the extent to which available means are only good for the specific goal we hope to accomplish. [Time: 6:30]
Behavioral Finance: The Role of Psychology
Open Yale Course: Behavioral Finance is a relatively recent revolution in finance that applies insights from all of the social sciences to finance. New decision-making models incorporate psychology and sociology, among other disciplines, to explain economic and financial phenomenon, such as erratic stock price variations. Psychological patterns such as overconfidence and perceived kinks in the value function seem to impact financial decision-making, but are not included in classical theories such as the Expected Utility Theory. Kahneman and Tversky's Prospect Theory addresses such issues and sheds light on irrational deviations from traditional decision-making models. [Time: 1:05:10]
Richard Thaler - Nudge: An Overview
University of Chicago Graduate School of Business Professor Richard Thaler gives an overview of his new book: "Nudge: Improving Decisions About Health, Wealth, and Happiness." He explains what nudges are and gives a few examples of how they can be useful. [Time: 3:05]
BBC HARDtalk - Richard Thaler
Stop smoking, eat less, exercise more, pay your taxes on time. So many things governments want us to do; so hard to get us to do them. HARDtalk's Shaun Ley speaks to behavioural economist Richard Thaler who thinks he has the answer. It's called 'nudge' theory, but it's not just an academic idea. Britain's Prime Minister is so impressed, he's set up a whole 'nudge unit' in the heart of his government. If you live in Britain, you may unwittingly already be part of a nudge experiment. So is the nudge guru teaching those in power how to encourage us to live better; or helping politicians to control us? [Time: 24:14]