Economics
Read These Five Papers to Understand Thaler's Nobel-Winning Work
- Research ranges from social preference to self-control
- Thaler helped define the field of behavioral finance
Richard Thaler Wins Nobel Prize in Economics
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People act irrationally, a fact economists long ignored. Richard Thaler, winner of the 2017 Nobel prize in economics, has made a career of fixing that oversight.
In research that’s typically quirky, often funny, infused with pop-culture and written for a lay audience, Thaler of the University of Chicago has made the case that human decisions are shaped by social context, expectation and temptation -- not cold rationality.