Barriers To Critical Thinking

Richard Thaler was awarded a Nobel for his work in behavioral economics. Economists used to assume that consumers were optimal decision-makers. He showed that we are not! Read this article that briefly highlights his discoveries. Pick your favorite heuristic that he covers and share your thoughts: 1. Loss Aversion and Anchoring 2. Planner Versus Doer 3. Availability Heuristic 4. Status Quo Bias