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Richard Thaler

πŸ‘€ Speaker
847 total appearances
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Podcast Appearances

Freakonomics Radio
The World Is (Still) Drowning in Sludge

This is my example of sludge.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

If you make things harder, I call that sludge.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

Kind of a fun word for stuff that's the opposite of fun.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

Name, please.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

Richard Thaler.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

I'm a professor at the Booth School of Business at the University of Chicago.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

It's a book about how to make life better through what we call choice architecture.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

which means arranging the environment in which we make decisions to make it easier to navigate.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

A nudge in that context is what exactly?

Freakonomics Radio
The World Is (Still) Drowning in Sludge

Nudge makes things easy, right?

Freakonomics Radio
The World Is (Still) Drowning in Sludge

It's the WD-40 of life.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

But sludge is the opposite.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

Sludge literally is gunk.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

I certainly think I did.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

Apparently, there are others who have also made that claim, but they haven't written a book that rhymes with it.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

Let's start with a category that I'll call inadvertent and or incompetent sludge.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

It comes because somebody didn't think about it.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

My favorite example of that is due to a guy called Don Norman.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

There are doors that have handles that are called pulls.

Freakonomics Radio
The World Is (Still) Drowning in Sludge

From that name, you know just what they look like, right?

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