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 the Bishopric of Basel. However, the Bishopric continued to issue billon coins, in denominations of and 1 Batzen, and silver coins for 12 and 24 Kreuzer (3 and 6 Batzen). Basel thaler The Basel Thaler was the currency of the Swiss Canton of Basel until 1798. The currency was issued by both the Canton and the Bishopric of Basel. The basic unit was the thaler, which was subdivided into 30 "Batzen", each of 4 "Kreuzer" or 8 "Rappen". It was replaced by the Frank of the Helvetian Republic in 1798. This was, in turn, replaced by the Basel Frank. The