# The Implications of Behavioral Economics **URL:** **By** Peter Van Doren, Trevor Burrus, Aaron Ross Powell **Published:** November 3, 2017 --- Peter Van Doren joins us for a discussion on Richard Thaler's work in behavioral economics. Peter Van Doren joins us once more on the podcast, this time for a discussion on Richard Thaler's work in behavioral economics. What's the difference between behavioral economics and more traditional neoclassical economics? Is the goal of behavioral economics really to implement consumer preferences? Are "nudges" paternalistic and insulting, or do they merely—as behavioral economists would say—create default conditions to correct the influence of cognative biases that stop people from doing what they actually want to do anyway? **Show Notes and Further Reading** Van Doren mentions [this debate in _Regulation_ between Jonathan Gruber and W. Kip Viscusi](https://www.cato.org/regulation/winter-2002) . This Crazy Mouse Won't Leave Me Alone by [Dan Deacon](http://www.dandeacon.com/) is licensed under a Creative Commons [Attribution-NonCommercial-ShareAlike 3.0 International License](http://creativecommons.org/licenses/by-nc-sa/3.0/). Shootin Stars by [Aero Chord](https://soundcloud.com/aerochordmusic) feat. [DDARK](https://soundcloud.com/ddark) provided by NoCopyrightSounds: [https://www.youtube.com/watch?v=PTF5xgT-pm8](https://www.youtube.com/watch?v=PTF5xgT-pm8)