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

Governments started the space age. Now, billionaires and private firms are reinventing it. Guest host Steve Levitt explores what the past can teach us about a high-stakes future. (Part two of a two-part series.) SOURCES: Blaise Agüera y Arcas, vice president and fellow at Google, ...  Show more

Gary and Stephen talk about creativity, recovery, getting fired, and holding grudges. They also get outside and play basketball, which is a big part of how Gary stays well. If you'd like to see the video version of Better in Person, watch it on YouTube or Apple Podcasts. Hosted b ...  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 ...

We all behave irrationally. We pay for expensive gym memberships and only go once. We spend windfall cash on things we'd never buy with our salaries. We plan to do nice things in the distant future, but don't actually write them down in our calendars. These things can be bad for ...  Show more

Economists like to model people as rational creatures who make self-interested decisions. But humans don’t act that way. Why do investors, politicians and ordinary people act against their best interests – and how can they be nudged into making better decisions? To find out, FT e ...  Show more

This episode explores how to make the infernally difficult challenge of habit formation a little easier, with guest Richard H. Thaler, who won the Nobel Prize in Economic Sciences in 2017 for his pioneering work in the fields of behavioral economics and finance. Thaler is the ...