Thaler, co-author of the global bestseller “Nudge,” gave a talk on “behavioral economics,” which attempts to incorporate insights from other social sciences, especially psychology, in order to enrich the standard economic model. This interest, the underlying psychology of human behavior, returns economics to its earliest roots.

Learn more about how Carnegie Mellon University is launching the first undergraduate major in behavioral economics, policy and organizations: http://www.cmu.edu/dietrich/news/news-stories/2016/december/first-behavioral-economics-major.html.