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BU Today: How Decisions Work

“Decision science is a field that has gained currency in popular culture and the media. Two of the most famous practitioners have won the Nobel Prize in economics: Daniel Kahneman (in 2002), known for his experiments with his late collaborator Amos Tversky that showed how cognitive biases influence our judgments, and Richard Thaler (in 2017), who has demonstrated that government policies can nudge people to make beneficial decisions, such as picking a mortgage that makes financial sense. Their books, along with those of other researchers, like Angela Duckworth (Grit: The Power of Passion and Perseverance) and Dan Ariely (Predictably Irrational: The Hidden Forces That Shape Our Decisions), have been national best sellers.” Read more at BU Today.