Freakonomics Radio
Insurance forms that make no sense. Subscriptions that can’t be cancelled. A never-ending blizzard of automated notifications. In this update of a 2025 episode, Stephen Dubner discovers where all this sludge comes from — and how much it’s costing us. * SOURCES: * Benjamin Handel, [https://www.benjaminhandel.com/] professor of economics at UC Berkeley. * Neale Mahoney, [https://nmahoney.people.stanford.edu/] professor of economics at Stanford University. * Richard Thaler, [https://faculty.chicagobooth.edu/richard-thaler] professor of economics at The University of Chicago. * RESOURCES: * "Selling Subscriptions, [https://nmahoney.people.stanford.edu/sites/g/files/sbiybj23976/files/media/file/mahoney_subscriptions.pdf]" by Liran Einav, Ben Klopack, and Neale Mahoney (Stanford University, 2023). * "The ‘Enshittification’ of TikTok, [https://www.wired.com/story/tiktok-platforms-cory-doctorow/]" by Cory Doctorow (WIRED, 2023). * "Dominated Options in Health Insurance Plans, [https://www.aeaweb.org/articles?id=10.1257/pol.20190312]" by Chenyuan Liu and Justin Sydnor (American Economic Journal: Economic Policy, 2022). * Nudge: The Final Edition [https://amzn.to/4iIjWDN], by Richard Thaler and Cass Sunstein (2021). * "Frictions or Mental Gaps: What’s Behind the Information We (Don’t) Use and When Do We Care? [https://eml.berkeley.edu/~bhandel/wp/JEP_Frictions.pdf]" by Benjamin Handel and Joshua Schwartzstein (Journal of Economic Perspectives, 2018). * "Adverse Selection and Switching Costs in Health Insurance Markets: When Nudging Hurts, [https://www.nber.org/system/files/working_papers/w17459/w17459.pdf]" by Benjamin Handel (National Bureau of Economic Research, 2011). * EXTRAS: * "Sludge [https://freakonomics.com/podcast-tag/sludge/]," series by Freakonomics Radio (2025). * "People Aren’t Dumb. The World Is Hard. (Update) [https://freakonomics.com/podcast/people-arent-dumb-the-world-is-hard-update/]" by Freakonomics Radio (2024). * "All You Need is Nudge, [https://freakonomics.com/podcast/all-you-need-is-nudge/]" by Freakonomics Radio (2021). * "How to Fix the Hot Mess of U.S. Healthcare, [https://freakonomics.com/podcast/how-to-fix-the-hot-mess-of-u-s-healthcare-ep-456/]" by Freakonomics Radio (2021). * "Should We Really Behave Like Economists Say We Do? [https://freakonomics.com/podcast/should-we-really-behave-like-economists-say-we-do/]" by Freakonomics Radio (2015). Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com [https://pcm.adswizz.com] for information about our collection and use of personal data for advertising.
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