EXTRA: People Aren’t Dumb. The World Is Hard....

... of bad reviews, meager financing, or artificial intelligence. But he is worried that the world is full of sloppy thinkers who mistake facts for the truth. SOURCES: Werner Herzog, writer, filmmaker, and actor. RESOURCES: The Future of Truth, by Werner Herzog (2025). Every Man ...  Show more

Existing drugs can sometimes be repurposed to treat rare diseases. But making that match can be hard — and the financial incentives are weak. Guest host Steve Levitt tries to solve the puzzle. SOURCES: Chris Snyder, professor of economics at Dartmouth College. David Fajgenbaum, c ...  Show more

We make a countless number of decisions every day – but unfortunately, we often choose unwisely. Behavioral economist Richard Thaler has dedicated his life's work to understanding why that is. In 2017, Thaler received the Nobel Memorial Prize in Economic Sciences for ...

Revisiting Steve’s 2021 conversation with the economist and MacArthur “genius” about how to make memories stickier, why change is undervalued, and how to find something new to say on the subject of scarcity.

Why do some nations flourish while others remain trapped in poverty? This year’s Nobel Prize in Economics goes to three economists whose groundbreaking work explores this question. Join us as we dive into the theories and insights of Daron Acemoglu, Simon Johnson, and James A. Ro ...  Show more

Stefanie Stantcheva’s approach seemed like career suicide. In fact, it won her the John Bates Clark Medal. She talks to fellow winner Steve Levitt about why she uses methods that most of the profession dismisses — and what she’s found that can’t be learned any other way.