“Our research has greatly changed pensions systems all around the world.”

Richard H. Thaler describes some of the impacts of his work on behavioural economics in this telephone interview recorded immediately after the public announcement of the award of his Prize in Economic Sciences. He also explains the concept of the ‘nudge’, and looks forward to being in Stockholm again with his old friend Daniel Kahneman, Laureate in Economic Sciences from 2002.
Listen to the full interview!