Chapter
The Complications of Subprime Mortgages
40:28 - 49:42 (09:13)
The segment of the market that caters to the poorest and highest risk borrowers is called the subprime market. While some consider subprime loans to be predatory, these higher risk loans provide people a valuable second chance, particularly for better home ownership.
Clips
A pilot program in North Carolina pays teenage girls one dollar for every day they are not pregnant after having a baby, resulting in promising results and a minimal cost for the city.
40:28 - 42:11 (01:42)
Summary
A pilot program in North Carolina pays teenage girls one dollar for every day they are not pregnant after having a baby, resulting in promising results and a minimal cost for the city.
ChapterThe Complications of Subprime Mortgages
Episode"Nudge" Part 1: A Simple Solution For Littering, Organ Donations and Climate Change
PodcastIf Books Could Kill
In this episode, the hosts discuss subprime loans and how they provide funding for large purchases, such as home ownership, to higher risk borrowers.
42:11 - 45:36 (03:24)
Summary
In this episode, the hosts discuss subprime loans and how they provide funding for large purchases, such as home ownership, to higher risk borrowers. They argue that while some people label all subprime loans as predatory, it fails to recognize the fact that higher risk loans will have higher interest rates to compensate those who lend the money.
ChapterThe Complications of Subprime Mortgages
Episode"Nudge" Part 1: A Simple Solution For Littering, Organ Donations and Climate Change
PodcastIf Books Could Kill
The term "nudge" has become too broad in its colloquial use and is often misapplied in the field of economics, where many regulations are mistaken as simply a nudge.
45:36 - 49:42 (04:06)
Summary
The term "nudge" has become too broad in its colloquial use and is often misapplied in the field of economics, where many regulations are mistaken as simply a nudge. This misuse of the term obscures the true nature and purpose of nudge theory, which simply seeks to influence and improve human behavior in a non-coercive manner.