One of the major contributions made by Richard H. Thaler, who received the Nobel Prize in economics on October 9th, is the “nudge” theory. It shows how small nudges can result in people making different decisions than the ones they normally would. This type of nudges are very useful for public policy because they allow citizens to make better use of resources.
Colombia has a unique opportunity to build a future without an armed conflict. However, the statistics are against Colombian success, since 45% of the peace accords signed between 1989 and 2004 failed within the first five years of implementation. Therefore, there should not be additional destabilizing factors such as a breach of agreement.