Gradually, skeletons are falling off the economists cupboard. if this continues we shall be able to soon say that the economist emperor is indeed naked. That is a different story that the emperor will continue to charm the people as there is no alternative really.
Noah Smith explains RBC in this piece and is interesting (scary actually) to read all this:
A superb summary by Katia Moskvitch of BBC on how various nudges are being deployed to reduce road accidents and drive safely. And this too across many parts of the world. Hat Tip to Tyler Cowen.
Though, the lessons are not as easy to learn. One needs to be careful and not overdo the budges. The human mind gets used to it and starts ignoring them (we are predictably irrational always looking for short cuts and high speed):
An interesting article in BS. The author says in developing societies “family first” remains a key economic decision. Most businesses continue to put families first when it comes to passing on power to next generation. He says behavioral economists should try and look at this issue.
https://www.intelligenteconomist.com/economics-blogs/
Mostly Economics 