Obamanomics and Behavioral Economics

Here is a link to a post detailing potential links between Obama’s economic advisors and behavioral economics. Click here to follow the link and read about President Elect Obama and behavioral economics

Article Excerpts (Via Behaviour Center)

“I also mentioned here, that according to an article in the New Republic, Richard Thaler “presides as a kind of in-house intellectual guru, consulting regularly with Obama’s top economic adviser (Austin Goolsbee)…If you automatically enroll workers in 401(k)s but allow them to opt out, most stick with it. Obama’s savings plan exploits this so-called ’status quo’ bias.”

“Also, Dan Ariely suggested that Barrack Obama may be the presidential candidate to appreciate behavioural economics. Ariely describes this on YouTube (here); thanks to Seattlest.com for the link. “

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