The Irrational Economy with Nobel Laureate Richard Thaler | The Weekly Show with Jon Stewart

Video Description

With economic systems failing millions of Americans, Jon is joined by Nobel laureate and University of Chicago Professor Richard Thaler, one of the founding fathers of behavioral economics. Together, they explore why conventional economics fails to account for how people actually behave, discuss Thaler's approach to improving systems from within, and debate whether incremental improvements can meaningfully reform broken systems. Plus, Jon talks Nationalizing Voting, Suing Trump, and Bad Bunny vs. Kid Rock! 0:00 - Intro 03:00 - Richard Thaler Joins 04:28 - Defining Behavioral Economics 08:32 - The Mug Experiment & The Endowment Effect 15:11 - Status Quo Bias & Personal Finance 20:50 - Climate Policy: Carbon Taxes vs. Subsidies 31:15 - Market Interventions & "Winners and Losers" 39:41 - Nudges vs. Shoves 52:01 - Personal Anecdotes & Sports Masochism 58:20 - Retirement Savings & The "Opt-Out" Model 1:05:41 - Healthcare & The Affordable Care Act (ACA) 1:15:50 - Corporate Power & The Role of Government 1:23:11 - Breaking Down the Discussion This episode is brought to you by: MAGIC SPOON - Get $5 off your next order at https://magicspoon.com/tws SHARK NINJA ESPRESSO MAKER - Get $60 off the Ninja Luxe Cafe Premier Series with code STEWART exclusively on https://www.sharkninja.com/ while supplies last AVOCADO GREEN MATTRESS - Get 15% off mattresses at https://AvocadoGreenMattress.com/TWS FACTOR - Eat smart at https://FactorMeals.com/TWS50OFF and use code TWS50OFF to get 50% off your first box, plus Free Breakfast for 1 Year. QUINCE - Go to https://Quince.com/TWS for free shipping on your order and 365-day returns. #TheWeeklyShowWithJonStewart #TheWeeklyShow #JonStewart #ComedyCentral Subscribe to The Weekly Show: https://www.youtube.com/@WeeklyShowPodcast?sub_confirmation=1 Follow The Weekly Show: X: https://www.x.com/weeklyshowpod Instagram: https://www.instagram.com/weeklyshowpodcast/ TikTok: https://www.tiktok.com/@weeklyshowpodcast Watch full episodes of The Weekly Show: https://www.youtube.com/playlist?list=PLIti_J5fVo4IiJWQluYFpz-DbWOF0mK3o About The Weekly Show: On Mondays, Jon Stewart hosts The Daily Show, but on Thursdays he hosts The Weekly Show — A podcast featuring in- depth conversations with special guests that explores the biggest threats to our democracy. Also hear from producers and friends of the show who discuss the latest headlines, what’s on their minds, and more! The Weekly Show with Jon Stewart releases new episodes every Thursday wherever you get your podcasts & full episode is available on YouTube, Fridays at 9AM ET.