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
Geneva thaler Swiss Confederation in 1815, the thaler was readopted as the currency of Geneva. It circulated until 1839, when it was replaced by the franc. In the late 18th century, billon coins were issued in denominations of 6 and 9 deniers, 1, , 3 and 6 sols, together with silver 15 sols, and 1 thaler and gold 1 and 3 "pistole". The thaler were coined as "VI FLORINS IV VI", whilst the 1 thaler were coined "XII FLORINS IX SOLS". Geneva thaler The thaler was the currency of the Geneva until 1798 (except briefly between 1794 and 1795) and between 1813