EXTRA: People Aren’t Dumb. The World Is Hard. (Update)
15 July 2024 - 53 minsYou wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. In an interview from 2018, the founder of behavioral economics describes his unlikely route to success; his reputation for being lazy; and his efforts to fix the world — one nudge at a time.
SOURCES:Richard Thaler, professor of behavioral science and economics at the University of Chicago.
RESOURCES:“Behavioral Economics,” by Richard Thaler (The Past, Present, and Future of Economics: A Celebration of the 125-Year Anniversary of the JPE and of Chicago Economics, December 2017).Misbehaving: The Making of Behavioral Economics, by Richard Thale...
Series Episodes
672. What Makes Judy Faulkner Run?
Epic Systems manages the electronic health records for hundreds of millions of people. This makes Faulkner a healthcare heavyweight and one of the most successful female entrepreneurs in history. So why haven’t we ever heard much from her? Stephen Dubner travels to Verona, Wisc., to explore the Faulknerverse.
1 hour
24 April Finished
Why Does Everyone Hate Rats? (Update)
New York City’s mayor called them “public enemy number one.” History books say they caused the Black Death — although recent scientific evidence disputes that claim. In an updated episode from 2025, we ask: Is the rat a scapegoat? And what does our rat hatred say about us?
40 mins
22 April Finished
671. Why Has There Been So Little Progress on Alzheimer’s Disease?
One possibility: a leading hypothesis pursued by researchers (and funders) was built on science that now appears to be fraudulent. Stephen Dubner speaks with the scientist and the journalist who blew the whistle.
1 hour 1 min
17 April Finished
670. Beeconomics 101
How do beekeepers make a living? Why is there so much honey fraud? And why did billions of bees suddenly disappear? To find out, guest host Steve Levitt activates his hive mind.
55 mins
10 April Finished
Ten Myths About the U.S. Tax System (Update)
Nearly everything that politicians say about taxes is at least half a lie. They are also dishonest when it comes to the national debt. In this update of an episode from 2025, Stephen Dubner finds one of the few people in Washington who is willing to tell the truth — and it’s even worse than you think.
1 hour 4 mins
8 April Finished
669. Why Is 95 Percent of the World’s Bourbon Made in Kentucky?
Is it tradition … or protectionism? And what happens when the bourbon boom turns into a glut?
46 mins
3 April Finished
