In this episode, we ask, how irrational are human beings really? To answer this, we read Richard H. Thaler and Cass R. Sunstein’s classic essay on “libertarian paternalism” which argues that because human beings are easily manipulated by their surrounding “choice architecture”, governments should use this mechanism to manipulate encourage citizens to make better choices.
We are also joined by our co-founder and former co-host Gordon Katic. We discuss Gordon’s excellent new Cited podcast series on the “Rationality Wars” that explores the way libertarian paternalism has benefitted big corporations and might be based on questionable evidence. Our discussion led to a broad debate about the nature of human agency and freedom.
For a write-up on the role behavioural economics played to benefit big corporations, see Gordon’s recent article and Jacobin. For criticisms of libertarian paternalism we also read Gerd Gigerenzer’s “On the Supposed Evidence for Libertarian Paternalism“.
Production note: Gordon was traveling when we recorded this and did not have his mic. Therefore, his audio quality was not always the best. Apologies for this!