This assignment is based on the introduction to Nudge, a book by Richard Thaler(Nobel prize winner) and CassSunstein.

https://www.penguinrandomhouse.com/books/304634/nudge-by-richard-h-thaler-and-cass-r-sunstein/9780143115267/

Reading assignment: Nudge.

Read the Introduction of Nudge. A copy is posted in this folder. In no more than two typed pages:

1.Summarize the content of the introduction:

2.Explain the concept of choice architecture

3.What is a nudge?

4.Explain the concept of libertarian paternalism.

5.What is the difference between "humans" and "econs?"

6.Returning to the options on page 2 in the cafeteria thought experiment, which one would you choose? Why?