Choice architecture autonomy. The choice architecture term was originally coined by Richard Thaler and Cass Sunstein in their 2008 book "Nudge: Improving Decisions about Health, Wealth, and Happiness". Thaler and Sunstein have endorsed thoughtful design of choice architecture as a means to improve consumer decision-making by minimizing biases and errors that arise as the result of bounded rationality. This approach is an example of "libertarian paternalism", a philosophy endorsed by Thaler and Sunstein that aims to "nudge" individuals toward choices that are in their best interest without limiting choice. Libertarian paternalism may also be described as soft paternalism. Behavioral scientists have grouped
Basel thaler , 1 and 2 Thaler coins, with Thaler only struck between 1764 and 1766. In the late 18th century, the canton issued billon coins for , 1 and 3 Batzen, silver pieces of , , and 1 Thaler, and gold "Duplone" and 1 and 2 "Gulden". The "Bistum" (Bishopric) issued silver Thaler for the first time in 1596. Bishop Wilhelm Rinck von Baldenstein (1608–1628) issued Thaler in 1623, Thaler in 1625 and 1 Thaler in 1624 and 1625. Bishop Johann Konrad II (1705–1737) issued Thaler in 1717 and 1 Thaler in 1716. These were the last Thaler-denominated coins issued by