Angus Deaton dreamed of being a pianist, a rugby player or a mathematician – but he just wasn’t good enough. After these setbacks, however, he discovered economics, and in 2015 he was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for his analysis of consumption, poverty, and welfare.

Listen to a conversation about some wild ideas, beautiful places and the role trout fishing can play in problem-solving.

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Nudges, sludges, and the connection between stubbornness and success - in this first episode of Nobel Prize conversations, host Adam Smith interviews Economic Sciences laureate Richard Thaler. His work has helped us to understand how people make choices in the real world and has also given us tools to nudge people towards better decisions. 

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