Predictably Irrational (Dan Ariely) and Nudges (Thaler & Sunstein). On that model, we need to trick ourselves into saving more and living within our means. It's not a bad idea. We trick ourselves into dieting, exercising, and yes, saving money (by having it diverted automatically from our paychecks, for instance).I guess this begs the question, what "innovative ways of increasing personal savings" does President Obama have in mind? The phrase makes me think of behavioral economics--in particular, the recent popular books
The idea that American consumerism shouldn't drive the global economy has a lot of appeal.
Posted from Diigo.