lgipa

Hi Dick! Thanks for doing this AMA.

How do you think that behavioral economics affects the interpretation of a lot of theory in macro econ? For example, Keynesian aggregate supply and demand curves?

edit: follow-up question, how can i change the framing of the above question to get an answer?

Great, I'll have to check out Misbehaving. Thanks!

Hi Dick, a couple of questions about nudges:

1. Do you think it's possible for nudges to have a long-lasting effect? Like, do you think that nudges can trigger longterm behavioral changes, or somehow not lose their salience over time? I.e., how can we transition libertarian paternalism into just good autonomous decision-making?

2. "nudge" is being used to describe a pretty wide range of signals. How do you think that something like a stoplight can be classified as a nudge, even though it isn't something that's not really intended to 'leave all options open'? - how isclassifying already existing instutitons/structures as nudges beneficial?

Thanks!

Hey Dick, thanks for joining us.

What do you anticipate the long-run general equilibrium effects of opt-out retirement plans being? With higher enrollment you might expect plans to be more costly for employers who might then cut benefits in the long run at a cost to everyone. Is there a way to structure nudges so that they align employer/employee incentives and continue to be beneficial in the long-run?