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
Berne thaler were inscribed as 1 "Vierer". Berne thaler The "Thaler" was the currency of the Swiss canton of Bern until 1798. It was subdivided into 40 "Batzen", each of 4 "Kreuzer". It was replaced by the Frank of the Helvetian Republic in 1798. This was, in turn, replaced by the Berne Frank in the canton of Bern, and by the Vaud franc in the canton of Vaud. In the late 18th century, billon coins were issued in denominations of and 1 Kreuzer, and 1 Batzen, together with silver 10 and 20 Kreuzer, , and 1 Thaler, and gold , 1 and