Why You Should Always Switch: The Monty Hall Problem (Finally) Explained
The infamous problem even professors and mathematicians got wrong comes down to one unintuitive inference—in the Monty Hall problem, Monty Hall is God.
Books
Five Takeaways from Our Conversation with Richard Thaler about the Past, Present, and Future of Nudge
Richard Thaler corrects the record on organ donation, reveals why he wished the original subtitle included the phrase “choice architecture,” his thoughts on replication in behavioral economics, and what advice he’d give organizations looking to apply behavioral science.
No Need to Shout: Recognizing the Influence That’s Already Yours
There is plenty of advice on how to gain influence you don’t have. Here’s how to harness the influence that’s already yours.
From Strangers to Teammates: How Getting on the Same Wavelength Might Be More than a Metaphor
What distinguishes a random collection of people on a subway from a meaningful psychological group? Research on inter-brain coupling suggests that when people collectively focus and coordinate action, shared identity springs to life.
Data-Driven Parenting: A Conversation with Emily Oster
Samuel Salzer and Aline Holzwarth speak to Emily Oster about her new book, The Family Firm, which provides data-driven advice for parenting children during their elementary school years.
Nudge: Preface to the Final Edition
Richard Thaler and Cass Sunstein recently decided to update “Nudge.” Why now and what’s new? They explain in their preface to the “final edition.”