
How We Decide

incredible work in applied behavioral economics that was happening in the government, specifically using the power of defaults to encourage positive behavior. These defaults are known as nudges, made famous in the bestseller Nudge, by Richard Thaler and Cass Sunstein.
Annie Duke • Quit: The Power of Knowing When to Walk Away
Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Warren Buffett • 1 highlight
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The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series)
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The scheme worked because the pain of having Thaler cash the check and have a party at David’s expense was more salient than the rather abstract and pallid forgone contribution to his retirement savings plan.