Summary of Nudge

Because lawmakers adjust policy to address constituents’ fears, there are cases in which policy and resources are directed towards the most feared instead of the most likely danger.

tic; if someone has experienced a hurricane, they are more likely to believe in its impact and probability.

The availability heuristic is easily defined as assessing risk based on how quickly and easily examples come to mind.

money to health and freedom, Thaler and Sunstein posit that humans regularly make mistakes based on fallacies and other factors involved in decision-making; the authors propose that a “nudge”, given by private or public institutions, might help individuals make better decisions.

theory of libertarian paternalism

The answer to the wild difference in brain function, the authors describe, is attributed to two different kinds of thinking; the Automatic System and the Reflective System

availability heuristic is easily defined as assessing risk based on how quickly and easily examples come to mind

This is, the authors posit, why professionals may sometimes refer to the danger of “thinking too much

self-conscious thought. It is the system commonly used when answering the question to multiplication problems or deciding which route to take on a trip

the Automatic System and the Reflective System