July 1, 2011 at 12:00 PM (duration 00:57)
Watch Rethinking Regulation After the Financial Crisis and the Oil Spill: A Behavioral Approach with Richa Event Streaming Online
How best to create laws and institutions to create a prosperous and just society? Noted behavioral economist Richard Thaler considers the public policy implications of behavioral economics, which assumes that that both the regulated and the regulators are fallible. Thaler draws on recent events such as the financial crisis and the oil spill as he explores ways to rethink regulation. (#20381).