2 results for "Finance"

Human Agency and Behavioral Economics Nudging Fast and Slow

Cass R. Sunstein
This Palgrave Pivot offers comprehensive evidence about what people actually think of “nudge” policies designed to steer decision makers’ choices in positive directions. The data reveal that people in diverse nations generally favor nudges by strong majorities, with a preference for educative efforts – such as calorie labels - that equip individuals to make the best decisions for their own lives. On the other hand, there are significant arguments for noneducational nudges – such as automatic enrollment in savings plans - as they allow people to devote their scarce time and attention to their most pressing concerns. The decision to use either educative or noneducative nudges raises fundamental questions about human freedom in both theory and practice. Sunstein's findings and analysis offer lessons for those involved in law and policy who are choosing which method to support as the most effective way to encourage lifestyle changes.
Springer International Publishing 2018-05-09 116 pages

Better, Stronger, Faster The Myth of American Decline . . . and the Rise of a New Economy

Daniel Gross
Daniel Gross, Yahoo! financial columnist and author of Dumb Money , offers a refreshingly optimistic take on our nation’s economic prospects, examining the positive trends that point to a better, stronger future. Financial meltdown, a deep recession, and political polarization—combined with strong growth outside the U.S.—have led to a global bubble of pessimism surrounding the U.S. and its economic prospects. Bloated with debt, outpaced by China, India, and other emerging markets, the U.S. has been left for dead as an economic force. But, Daniel Gross, widely respected for his Newsweek and Slate coverage of the crash and the recovery, shows that much of the talk about decline is misplaced. In the wake of the crash, rather than accept the inevitability of a Japan-style lost decade, America’s businesses and institutions tapped into the very strengths that built the nation’s economy into the global powerhouse in the first place: speed, ingenuity, adaptability, pragmatism, entrepreneurship, and, most significantly, an ability to engage with the world. As the U.S. wallowed in self-pity, the world continued to see promise in what America has to offer—buying exports, investing in the U.S., and adapting American companies and business models as their own. Global growth, it turns out, is not a zero-sum game. These same attributes can propel the world’s largest economy forward through the significant headwinds it faces. Better, Stronger, Faster is a narrative of the remarkable reconstruction and reorientation that started in March 2009, a period that Gross compares to March 1933. Both marked the start of unexpected recoveries and monumental shifts in our nation’s history. As Gross explains, through stories of innovative solutions devised by policymakers, businesses, investors, and consumers, America has the potential to emerge from this period, not as the unrivaled ruler of the global economy, but as a leader and enabler of growth.
Free Press 2014-10-18 272 pages