Sludge
Book description
The New York Times–bestselling author of Nudge reveals how we became so burdened by red tape and unnecessary paperwork—and why we must do better.
“If nudges have a mortal enemy, or perhaps the equivalent of antimatter to matter, it’s ‘sludge’.” —Forbes
We’ve all had to fight our way through administrative…
Why read it?
1 author picked Sludge as one of their favorite books. Why do they recommend it?
As a mathematician, I learned that constraints could push us away from optimality. Well, we still seek for optimality, but under constraints we can only be worse off than without. Reading this book, I learned that our life has plenty of unnecessary constraints that Prof. Sunstein calls sludge.
This book was a revelation because I was always tempted to consider misbehavior as a lack of judgment, self-control, etc. However, this book gave me a different perspective. Maybe as human beings, we strive for optimality, but the many constraints out there do not always allow us to act like a Homo…
From Enrico's list on diving into the next generation of behavioral finance.
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