Richard Thaler Weighs In on Wealth Inequality

The video discusses wealth inequality as a central theme in elections, focusing on how behavioral economics can address this issue. It examines market prices, economic bubbles, and wage disparity, questioning if these reflect true productivity. The discussion extends to CEO compensation, highlighting how board decisions may not align with market principles.

What was a central theme of the election discussed in the video?

• Foreign policy

• Wealth inequality

• Education system

• Healthcare reform

What economic phenomenon is highlighted by the technology and housing examples?

• Deflation

• Recession

• Market bubbles

• Inflation

What is questioned about the growth of the top 0.1% in terms of wages?

• Its reflection of true productivity

• Its impact on inflation

• Its contribution to GDP

• Its effect on unemployment

How is CEO compensation often determined, according to the video?

• Through peer comparison by board members

• By market demand

• By employee votes

• Based on company profits

What does the video suggest about the market nature of CEO pay?

• It is a declining market

• It is not a true market

• It is a competitive market

• It is a perfect market