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Social Impact Leadership Series – Nudge or Sludge? The Role of Behavioral...

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JW Marriott Hotel Hong Kong

Grand Ballroom

Pacific Place, 88 Queensway

Admiralty, Hong Kong

Hong Kong

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"First, never underestimate the power of inertia. Second, realize that power can be harnessed,” writes Chicago Booth professor and Nobel laureate Richard Thaler in his best-seller Nudge: Improving Decisions About Health, Wealth, and Happiness. On March 18, join Professor Thaler, the University of Chicago Booth School of Business, and The Hong Kong Jockey Club Programme on Social Innovation for an exploration of the psychology of decision-making and its applications in the NGO, public policy, and business sectors.

During his talk, Thaler will discuss the very human struggle between making a sensible decision for the future or a decision that has immediate rewards. He will share real-life examples, which illustrate how “nudges” have been employed to promote better outcomes in countries around the world, but he will also discuss how the same techniques can by used for less desirable purposes. Attendees will leave with a greater understanding of human behavior (including their own!) and how our choices ultimately impact our day-to-day lives and the world we live in.

Richard H. Thaler, the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at Chicago Booth, is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Thaler studies behavioral economics and finance as well as the psychology of decision-making, which lies in the gap between economics and psychology. He investigates the implications of relaxing the standard economic assumption that everyone in the economy is rational and selfish, instead entertaining the possibility that some of the agents in the economy are sometimes human. Thaler is the coauthor (with Cass R. Sunstein) of the global best seller Nudge (2008), in which the concepts of behavioral economics are used to tackle many of society’s major problems.

Please note that registration will open at 6:30pm with main event starting promptly at 7:00pm.

Networking reception to follow.


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Location

JW Marriott Hotel Hong Kong

Grand Ballroom

Pacific Place, 88 Queensway

Admiralty, Hong Kong

Hong Kong

View Map

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