Wed Oct 20, 2010
International House Auditorium, 4–6 PM
Richard H. Thaler (University of Chicago)
Rethinking Regulation after the Financial Crisis and the Oil Spill: A Behavioral Approach
This lecture considers the public policy implications of behavioral economics. The premise of behavioral economics is that both the regulated and the regulators are fallible. How best then to devise laws and institutions to create a prosperous and just society? Lessons from recent events will play a part in the lecture which will also draw on Thaler’s best-selling book Nudge.
This is the second of two lectures presented by Richard H. Thaler. The first lecture, Studying Economic Behavior in Unusual Places: From Deal or No Deal to the National Football League, takes place on Tuesday, October 19, 2010.