Thaler on Yale press podcast, Sunstein at Cato

Richard Thaler gets the second half of this Yale University Press podcast. The recording lasts about 29 minutes. Thaler’s interview starts at approximately minute 14.

Cass Sunstein was in Washington yesterday where he spoke on a panel about libertarian paternalism at the Cato Institute. Click here to watch (via Real Player) or listen to an mp3 of the one hour and thirty minute event. Sunstein kicks off the discussion with a 20-minute lecture. Terrence Chorvat of George Mason University Law School and Will Wilkinson of Cato Institute then respond. The panel concludes with about 30 minutes of questions.

Sunstein brings up overconfidence studies that find 90 percent of drivers and professors think they are better than the average driver and professor – which we know is mathematically impossible! The only people who don’t exhibit such overconfidence? The clinically depressed.

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2 Responses to “Thaler on Yale press podcast, Sunstein at Cato”

  1. Jay J Says:

    What an interesting event at the Cato Insitute.

    I’m with Professor Sunstein on the default options on organ donations. I mean, you’re dead…are the organs even yours at that point? When I think about whether someone has any ownership over their body when their dead, I can’t make must sense of the question, and the longer I think about it the less sense it makes.

    It seems too like many of the objections to Sunstein and Thaler’s work is semantic. Maybe a better name would be blank, is what I seem to be hearing allot. Whatever the most accurate name for this new idea, (or set of ideas) the name chosen appears to be exposing the literature to a wide and interested audience.

    I’m gonna get a copy of “Nudge” myself very soon.

  2. andy Says:

    actually it is not impossible that 90% of drivers/professors/etc. are better than average.. at whatever category they feel best reflects skill. a fast driver may think themselves superior to granny, but granny knows she is safer. i myself am superior to them both because i balance speed and safety in the way i personally find optimal.

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