Author and economist Richard Thaler discusses "Nudge: The Final Edition", co-authored by Cass R. Sunstein, which demonstrates how best to nudge us in the right directions, without ever restricting our freedom of choice.

Every day people make decisions: about the things they buy or the meals they eat; about the investments they make and the time they spend; about their health and the health of the planet. Unfortunately, people often choose unwisely. Nudge: The Final Edition shows us that we are all susceptible to biases that can lead us to make bad decisions that make us poorer, less healthy and less happy. And, as Thaler and Sunstein show, it is not possible for choices to be presented to us in a neutral way. Given this fact of life, why not try to help people choose what is best for themselves, for their families and for society?

Richard H. Thaler was awarded the 2017 Nobel Memorial Prize in Economic Sciences for his contributions to the field of behavioral economics. He is the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. He is a member of the National Academy of Science and the American Academy of Arts and Sciences, and in 2015 he was the president of the American Economic Association. He has been published in numerous prominent journals and is the author of "Misbehaving: The Making of Behavioural Economics".

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The Investment Leaders Group’s latest publication “Understanding the climate performance of investment funds – Part 2: A universal temperature score method”, is the final in a two-part series

The Investment Leaders Group’s latest publication “Understanding the climate performance of investment funds – Part 2: A universal temperature score method”, is the final in a two-part series developed by CISL and the Investment Leaders Group published on Thursday, 29 July 2021. Both Part 1 and Part 2 can be accessed here: https://www.cisl.cam.ac.uk/events/webinar-understanding-climate-performance-investment-funds-part-2-universal-temperature-score The report aims to foster familiarity with the temperature score landscape by examining the building blocks of existing methods. It proposes a simple, transparent and scientifically robust method that translates portfolio emissions into a metric expressed in degrees Celsius, to report portfolio alignment with the Paris ambition. The method aims to answer the question: “What would be the global mean temperature increase at the end of the century if the entire economy had the same emissions intensity as this portfolio?”. Chaired by Lucy Auden (Senior Programme Manager, Investment Leaders Group), the webinar features Dr Jake Reynolds (Executive Director, Sustainable Economy) setting the scene on why and how a temperature score can help investors understand their investment impact on climate stability, followed by a presentation on the methodology by Dr Pablo Salas Bravo (Prince of Wales Global Sustainability Fellow).

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WeWork revolutionized working spaces. By investing in commercial real estate and converting property into flexible shared workspaces, WeWork co-founder Adam Neumann was set to transform the way

WeWork revolutionized working spaces. By investing in commercial real estate and converting property into flexible shared workspaces, WeWork co-founder Adam Neumann was set to transform the way people get work done. The company offered more than shared space, investing in education and housing initiatives through its WeGrow schools and WeLive residences. Israeli businessman Adam Neumann was on track to become the world’s first trillionaire, but the company soon found itself burning through money with a last hope attempt through a Hail Mary IPO. From the minds of Wall Street Journal reporters Eliot Brown and Maureen Farrell, The Cult of We uncovers the wins, hiccups, and turmoil of tech startups. Eliot Brown has spent his career covering startups, venture capital, commercial real estate and economic development. Similarly, Maureen Farrell focuses on the role of initial public offerings and capital markets in creating a successful business. Together, Brown and Farrell delve into the case of WeWork founder Adam Neumann to better understand how startups can revolutionize the world and what happens when they fail to do so. Join us as Eliot Brown and Maureen Farrell, along with program moderator Charles Duhigg, uncover the gripping reality of tech startup culture. NOTES In association with INFORUM Brown photo by Andrew Kwok; Farrell photo by Brie Anderson. SPEAKERS Eliot Brown Reporter, The Wall Street Journal; Co-author, The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion; Twitter @eliotwb Maureen Farrell Reporter, The Wall Street Journal; Co-author, The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion; Twitter @maureenmfarrell In Conversation with Charles Duhigg Contributor, The New Yorker; Author, Smarter Faster Better: The Transformative Power of Real Productivity 💯SUBSCRIBE for more VIDEOS: https://www.youtube.com/user/commonwealthclub 📆 UPCOMING EVENTS: https://www.commonwealthclub.org/events 🎉 BECOME a MEMBER: https://www.commonwealthclub.org/membership 💰 DONATE NOW: https://support.commonwealthclub.org/sslpage.aspx?pid=298 📺➕📻 Watch & Listen https://www.commonwealthclub.org/watch-listen CWC Facebook: https://www.facebook.com/thecommonwealthclub/ CWC Instagram https://www.instagram.com/cwclub/ CWC Twitter https://twitter.com/cwclub The Commonwealth Club of California is the nation's oldest and largest public affairs forum 📣, bringing together its 20,000 members for more than 400 annual events on topics ranging across politics, culture, society and the economy. Founded in 1903 in San Francisco California 🌉, The Commonwealth Club has played host to a diverse and distinctive array of speakers, from Teddy Roosevelt in 1911 to Hillary Clinton in 2010. Along the way, Martin Luther King, Ronald Reagan and Bill Clinton have all given landmark speeches at the Club.

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2015 Plastic Pollution Coalition Video - Narrated by PPC Notable supporter, actor Jeff Bridges. www.plasticpollutioncoalition.org Plastic Pollution Coalition would like to thank: Jeff

2015 Plastic Pollution Coalition Video - Narrated by PPC Notable supporter, actor Jeff Bridges. www.plasticpollutioncoalition.org Plastic Pollution Coalition would like to thank: Jeff Bridges Georgienne Bradley Sea Save Foundation Jon Bowermaster Kate Connor Ed Begley Jr. Grant James Javier Mas Mas y Rallo Greg Stone Jill Mazursky Captain Charles Moore Algalita Marine Research and Education Nick Thune Abrielle Stedman Van Jones Andy Keller Fabien Cousteau Kelly Meyer Taina Uitto Jan Vozenilek Annie Farman Todd Sali The SandBox Bob Nixon Earth Conservation Corps Daryl Wallace Pam Longobardi Drifter's Project Nickos Myrtou Sergio Ko Ionian Cultural for Arts & Culture Mathew John Pearson Engineered Films Rajiv Joseph Lily Lakovidou Veronica Sive Sunjive Studios Life Without Plastic

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Business revolution: What is the membership economy? New videos DAILY: https://bigth.ink/youtube Join Big Think Edge for exclusive videos:

Business revolution: What is the membership economy? New videos DAILY: https://bigth.ink/youtube Join Big Think Edge for exclusive videos: https://bigth.ink/Edge ---------------------------------------------------------------------------------- "I think that the membership economy is having as big an impact on business as the industrial revolution," says Silicon Valley consultant Robbie Kellman Baxter. Memberships or subscriptions fundamentally change the relationship between the consumer and the brand by delivering what Baxter calls a "forever promise." The famous example of Blockbuster vs. Netflix illustrates this perfectly. Subscriptions are not a new idea. Charles Dickens released his books to subscribers one chapter at a time, as he wrote them. What's different today is technology and the speed at which even a one-person business can reach a huge number of customers. ---------------------------------------------------------------------------------- ROBBIE KELLMAN BAXTER Based in Silicon Valley, Robbie is the author of The Membership Economy: Find Your Superusers, Master the Forever Transaction & Build Recurring Revenue (McGraw-Hill 2015), andThe Forever Transaction: How to Build a Business So Compelling, Your Customers Will Never Want to Leave (McGraw-Hill 2020). Robbie’s expertise extends to include SaaS, media, consumer products and retail and community organizations. Clients have included Microsoft, Fitbit and the Wall Street Journal. ---------------------------------------------------------------------------------- TRANSCRIPT: The membership economy is a term that I coined to describe what I was seeing starting about 15 years ago when I was working with Netflix and continuing into this massive transformational trend where companies of all types were moving from a model that focuses on ownership to access, from the transactional to the relational, from anonymous to known, from one payment to many smaller payments and from the organization talking at the customer and hoping they’re listening to multidirectional communication among customers and back and forth between the customers and the organization under the brand umbrella of the organization. So when you put all of those things together you have this kind of painter’s palette to reinvent your business model and that’s what’s driving this membership economy. So membership isn’t a new concept. We have been joining things for as long as there have been humans. We joined clans or tribes. We’ve had professional societies and trade guilds for centuries. Charles Dickens sold his novels in subscription format so people subscribed to have access and as he had the chapters done he would deliver them to his subscribers. So this is not a new concept, but what has changed is the ability to build a business model around it that transcends time and space. So Charles Dickens actually had to know the people he was delivering to, had to print it out, had to bring it to them. Today we can deliver it to strangers digitally and we can do it with time lapse. So that has created so many possibilities for organizations to build this ongoing relationship which is what people want. One example of the difference between a membership economy company and a non-membership economy company is the comparison between Blockbuster and Netflix. So when people, you know, way back when people used to have to go to the corner store to the Blockbuster on a Friday night to see what movies were available to rent, bring them home and it was never the movie that you really wanted. It was whatever happened to be available. And then if you forgot that you had it and you kept it for a few extra days the cost would end up being like triple what you thought it was going to be. And compare that to Netflix where they sent you three DVDs at a time, so three movies that you had on your long list, your queue. You didn’t have to leave your home. You always had three movies at home. And, best of all no late fees. So it’s a very different way of thinking about the model that starts with a forever promise. A promise of what it is that you really want to achieve. So in the case of Netflix versus Blockbuster, which was what really inspired me, what I wanted was to always have movies, professionally created content delivered in the most efficient way possible because I had little babies, with cost certainty – no late fees. And that’s what Netflix delivered on 15 years ago that pretty much put Blockbuster out of business. And today even though they have streaming, even though they create their own content, even though a lot has changed at Netflix they still deliver everyday on that promise of professional created content delivered with cost certainty in the most efficient way possible.

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