Monday, October 10, 2016

10.9.2016

Workout:

4 games to 13 points.

6/10

Reading:

I did not read.

Notes:

Although I did not read this weekend I did listen to all of Nudge on audiobook during my trip from MPLS to MKE.

Nudge, Misbehaving, Blink, and Thinking Fast and Slow are all basically the same story told in marginally different ways.  The emphasis Nudge tries to make is that since humans suffer from a "status quo bias" we can nudge them into "preferred behavior" through good "choice architecture".  Basically, we set preferred behaviors as the default.

Example:  If a company wants to encourage their employees to save 15% (or whatever) in their 401(k), then make that the default and give them the freedom to change it by filling out paperwork.

This is commonly referred to as Liberal Paternalism, it is paternalistic in that we nudge you into saving for retirement (an objectively good thing) but it is liberal in that you have the freedom to make whatever choice you want (if you are convinced that saving is not subjectively good for your situation).

Strong recommend on all four of these books, I think ideally one would read one a year over the course of four years so that the ideas are reinforced over a long timescale and hopefully stick throughout life.

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