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Richard Thaler      

Professor of Behavioral Science and Economics at the University of Chicago; Author of "Misbehaving: The Making of Behavioral Economics"

Richard H. Thaler studies behavioral economics and finance as well as the psychology of decision-making which lies in the gap between economics and psychology. He investigates the implications of relaxing the standard economic assumption that everyone in the economy is rational and selfish, instead entertaining the possibility that some of the agents in the economy are sometimes human. Thaler is the director of the Center for Decision Research.

Thaler is the co-author (with Cass R. Sunstein) of the global best seller Nudge, in which the concepts of behavioral economics are used to tackle many of society's major problems.

He has published a number of articles in prominent journals such as the American Economics Review, the Journal of Finance and the Journal of Political Economy. He has authored or edited four other books: Quasi-Rational Economics, The Winner's Curse: Paradoxes and Anomalies of Economic Life, and Advances in Behavioral Finance (editor) Volumes I and II.

Thaler is a member of the American Academy of Arts and the co-director (with Robert Shiller) of the NBER project on behavioral economics. He has served as Vice President of the American Economics Association and was elected a Fellow of the American Finance Association.

Before joining the University of Chicago faculty in 1995 Thaler taught at the University of Rochester and Cornell as well as visiting stints at The University of British Columbia, the Sloan School of Management at MIT, the Russell Sage Foundation and the Center for Advanced Study in Behavioral Sciences at Stanford.

Originally from New Jersey, Thaler attended Case Western Reserve University where he received a bachelor's degree in 1967. Soon after, he attended the University of Rochester where he received a master's degree in 1970 and a PhD in 1974. He joined the Chicago Booth faculty in 1995.

Speech Topics


Improving Decisions about Health, Wealth, and Happiness

Nudge is about choices - how we make them and how we can make better ones. Drawing on decades of research in the fields of behavioral science and economics, Richard Thaler offers a new perspective on preventing the countless mistakes we make -bad personal investments, consumption of unhealthy foods, neglect of our natural resources- and shows us how sensible "choice architecture" can successfully nudge people toward the best decisions.

Paradoxes and Anomalies of Economic Life

Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. He presents literate, challenging, and often funny examples of such anomalies as why most shoppers will save on one appliance only to pass up the identical savings on another, and why sports fans who wouldn't pay more than $200 for a Super Bowl ticket wouldn't sell one they own for less than $400.

News


Making Risk-Taking Riskier Will Hurt Startups - Bloomberg

By Richard H. Thaler 2012-10-24T22:30:55Z. A recurring theme of this year's presidential campaign is the need to encourage the formation of new businesses.

Geek Squad - By Richard Thaler | Foreign Policy

Why did Nate Silver get it right in 2012 when so many others were so wrong? COMMENTS (0) SHARE: Twitter. Reddit. Bookmark and Share More.

NPR.org » Automatic-Enrollment IRAs Get A Test Run In California

But that automatic enrollment is the key, says Richard Thaler, a behavioral economist at the University of Chicago. "The only way most humans are able to save ...

Shifting Our Retirement Savings Into Automatic

By RICHARD H. THALER. Published: April 6, 2013. MANY problems are so complex that even if we had the money to fix them, we wouldn't know how to do it.

Public Policies, Made to Fit People - NYTimes.com

By RICHARD H. THALER. Published: August 24, 2013. I HAVE written here before about the potential gains to government from involving social and behavioral ...

Overcoming Obstacles to Better Health Care - NYTimes.com

By RICHARD H. THALER. Published: February 23, 2013. AMERICANS spend far more on health care than people in other countries and we have little to show ...

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