World class tweet.

Katy, what has happened to you? You look different!

If you are interested in financial markets and humor, and you wish there were more people like Matt Levine, then check out the blog from my good friend and co-author Owen Lamont. acadian-asset.com/investment-ins…

The Double Dividend of Nudges - superb, brilliant, important paper, producing an insight that has long been awaiting explicit treatment and empirical support. Andreas Grunewald ⛵ Steffen Altmann Richard H Thaler 𝐒𝐞𝐧𝐝𝐡𝐢𝐥 𝐌𝐮𝐥𝐥𝐚𝐢𝐧𝐚𝐭𝐡𝐚𝐧 Katy Milkman Natasha Sarin
rationality-and-competition.de/wp-content/upl…

Very nice piece. I was lucky enough to meet Dennett early in my career. I love his term “intuition pumps”. The thought experiments I used early are examples. Later I had to collect data to convince skeptics with ineffective pumps.

Cool treatment of a great story from my buddy Drew Drew Dickson

I applaud that editor. I believe there is a bias in editorial decisions in econ journals in favor of papers that “look hard” to produce. Degree of difficulty should be used to judge gymnastics and figure skating, not scientific contributions.

A nice collection of thoughts by some of the many people who got to know Danny Kahneman over the years.

Remembering Daniel Kahneman: A Mosaic of Memories and Lessons behavioralscientist.org/remembering-da… via Behavioral Scientist

Interesting post, to which I would add, that the *vast* majority of drug compounds that are investigated never get to the testing phase so 0 effect. Average is meaningless.

As we stress in the Final Edition of Nudge, opt out is *not* a good way to increase organ donations. This piece does a good job of explaining why. ⁦Cass Sunstein⁩ dailymail.co.uk/health/article…

Richard H Thaler Cass Sunstein Matt Darling 🌐🏗️ Ben Gross 🔆 This has been shown in an empirical comparison of OECD ➡️ Better Policies for Better Lives countries with opt in versus opt out systems.

No meaningful difference in transplant activity (in fact ⬇️ living donor rates with opt out).

Published in Kidney International - link below:

kidney-international.org/article/S0085-…

Great choice by Stanford.

Very nice piece from a Chicago Booth who took two classes from me and caught the behavioral finance bug.
Daniel Kahneman: The Unlikely Economist morningstar.com/personal-finan…

Excellent New York Times Opinion essay by Chef José Andrés 🕊️🥘🍳: 'Israelis know...food is not a weapon of war. Israel is better than the way this war is being waged. It is better than blocking food and medicine to civilians. It is better than killing aid workers.' nytimes.com/2024/04/03/opi…

Here is a short talk from Danny on this topic. I love his line that when someone is confronted with data seeming to contract their theory, they gain 15 IQ points enabling them to construct an explanation. edge.org/adversarial-co…

⁩⁦Cass Sunstein⁩ writes in today’s NYT about the late Nobel Laureate Daniel Kahneman, highlighting his willingness to work with people with different views. I think this is very important in times of growing polarization and lack of tolerance. nytimes.com/2024/04/01/opi…