#337 – Professor Richard Thaler, University of Chicago - When Somebody Would Fire Us, It Was Almost Always At Exactly The Wrong Time

<p>In episode 337, we welcome our guest, <a href= "https://twitter.com/R_Thaler">Professor Richard Thaler</a>, the co-founder of Fuller & Thaler, Professor at the University of Chicago, and author of multiple best-selling books, including his release this week, <a href="https://amzn.to/3wLQVhH">Nudge: The Final Edition</a>.</p> <p> </p> <p> </p> <p>In today’s episode, we’re talking nudges! We talk about all the ways choice architecture and nudges affect financial services – including how we save for retirement, pay our taxes, and choose an insurance plan. We cover some fintech companies using his ideas to help consumers have better outcomes, and then cover some companies that are nudging consumers in the wrong direction.</p> <p> </p> <p> </p> <p>As we wind down, Professor Thaler shares the concept of sludge and how it applies to things like cancelling subscriptions or registering for the new child income credit payments.</p> <p> </p> <p> </p> <p>Please enjoy this episode with University of Chicago Professor Richard Thaler.</p> <p> </p> <p> </p> <p>-----</p> <p> </p> <p> </p> <p>Follow Meb on <a href= "https://twitter.com/MebFaber">Twitter</a>, <a href= "https://www.linkedin.com/in/mebanefaber/">LinkedIn</a> and <a href="https://www.youtube.com/channel/UCKvWzzrVUA_DSCoKXL6GU2w">YouTube</a></p> <p>For detailed show notes, click <a href= "https://mebfaber.com/2021/08/04/e337-richard-thaler/">here</a></p> <p>To learn more about our products and follow us, subscribe to our <a href= "https://theideafarm.us1.list-manage.com/subscribe/post?u=6750faf5c6091bc898da154ff&id=7249739cdb"> mailing list</a> or visit us at <a href= "cambriainvestments.com">cambriainvestments.com.</a></p> <p> </p> <p> </p> <p>-----</p> <p> </p> <p> </p> <p>Today’s episode is sponsored by <a href= "https://nordvpn.com/meb">NordVPN</a>. NordVPN strives to make the internet better than it is today. It can be free from online threats, censorship, and surveillance. What started with a single VPN server is now one of the most trusted internet security p