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Untitled on behavioral economics

Untitled on behavioral economics Open the full-size image

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By George Loewenstein

By Nick Chater

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$30.00

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$40.00 CAD

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Hardcover

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Two leading behavioral scientists argue we should reject “nudge” policies and stop blaming personal failure for society’s failures 
 
Two decades ago, behavioral economics burst from academia to the halls of power, claiming that correcting individual irrationalities could transform society. The claim, championed by the Obama administration, was that almost any severe societal problem—from retirement planning to climate change—could be healed with the right behavioral bandage. All we had to do was nudge. 
 
It was all very convenient, and false. As behavioral scientists Nick Chater and George Loewenstein show in Title TK, nudge policies rarely work, and divert us from policies that do. For example, nudge-inspired “opt-out” 401(k) programs turn out not to boost saving, and distract from the real source of the retirement crisis: the systematic destruction of pensions.  
 
Title TK shows how across a wide range of issues—from pensions to obesity to climate change—the rich and powerful have pulled off a sleight of hand: blaming individuals for social problems while lobbying to shape the rules in their own favor, with behavioral economics an unwitting accomplice. If we want to solve those problems, we must rewrite the rules  for the common good, rather than try to “fix” the victims of bad policies.  

Genre:

On Sale
Jan 27, 2026
Page Count
352 pages
Publisher
Basic Venture
ISBN-13
9781541700116

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George Loewenstein

About the Author

Nick Chater is a professor of behavioral science at the Warwick Business School. George Loewenstein is the Herbert A. Simon University Professor of Economics and Psychology at Carnegie Mellon University. Both have written and edited a number of books in their respective fields. Chater resides in Oxford, UK, and Loewenstein resides in Pittsburgh, Pennsylvania.  

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Nick Chater

About the Author

Nick Chater is a cognitive psychologist who is a professor of behavioral science at Warwick University and has held chairs in psychology at Warwick and at University College London. He has written over 250 publications, has won four national awards for psychological research, and has served as associate editor for the journals Cognitive Science, Psychological Review, and Psychological Science. His previous trade book, The Mind is Flat, won the Association of American Publishers PROSE Award for Best Book in Clinical Psychology, 2018. He lives near Warwick, United Kingdom.

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