Libertarian paternalism way that will make choosers better off, as judged by themselves" (p. 5); note and consider, the concept paternalism specifically requires a restriction of choice. It is libertarian in the sense that it aims to ensure that "people should be free to opt out of specified arrangements if they choose to do so" (p. 1161). The possibility to opt-out is said to "preserve freedom of choice" (p. 1182). Thaler and Sunstein published "Nudge", a book-length defense of this political doctrine, in 2008 (new edition 2009). Libertarian paternalism is similar to asymmetric paternalism, which refers to policies designed to help people
Timm Thaler (novel) Timm Thaler (novel) Timm Thaler oder Das verkaufte Lachen (roughly translated as Timm Thaler, or the Traded Laughter and best known as simply Timm Thaler) is a 1962 children's novel by German author James Krüss. Regarded by the "Oxford Encyclopedia of Children's Literature" as Krüss' best known children's book, "Timm Thaler" tells the story of a boy who trades his enchanting laughter to a wealthy mysterious Mephistopheles-like Baron in exchange for the ability to win any bet he makes. Regretting the exchange, he undertakes a four-year journey to win his laughter back. In 1979, Krüss wrote a sequel novel, Timm