Richard H. Thaler (@r_thaler) is the 2017 recipient of the Nobel Memorial Prize in Financial Sciences for his contributions to behavioral economics and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics on the College of Chicago Sales space Faculty of Enterprise. He’s additionally a founding principal at FullerThaler Asset Administration, which makes use of behavioral finance to handle over $30 billion in small-cap US equities.
Thaler has been an expert disrupter. He helped create the fields of behavioral economics and finance that lie within the hole between economics and psychology. He investigates the implications of enjoyable the usual financial assumption that everybody within the financial system is rational and egocentric, as a substitute entertaining the likelihood that a few of the brokers within the financial system are typically human.
Thaler is the New York Instances bestselling coauthor of Nudge: Enhancing Selections About Well being, Wealth, and Happiness (with Cass R. Sunstein) and the creator of Misbehaving: The Making of Behavioral Economics. His new e-book is The Winner’s Curse: Behavioral Economics Anomalies, Then and Now, co-authored with economist Alex O. Imas.
My co-host is Nick Kokonas (@nickkokonas), an entrepreneur, investor, and creator finest often known as the co-founder of The Alinea Group (offered, 2024) and the reservation platform Tock (now owned by American Specific). After revolutionizing how eating places and experiences are crafted, booked, and managed, he’s now targeted on artistic ventures that mix enterprise, expertise, and artwork—from immersive theater initiatives to Napa Valley winemaking. A philosophy graduate of Colgate College, he’s as all for concepts and first ideas as he’s in constructing issues that final. He lives in Chicago and Napa Valley together with his spouse and two sons.
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Nick Kokonas and Richard Thaler, Nobel Prize Laureate — Practical Economics, Avoiding The Winner’s Curse, Utilizing Temptation Bundling, and Going In opposition to the Institution
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SHOW NOTES & LINKS
Transcripts
SHOW NOTES
Books and Articles:
Extra Sources:
- Richard H. Thaler — X Profile
- Richard H. Thaler — Chicago Sales space Profile
- Interview with Richard H. Thaler — NobelPrize.org
- Learn These 5 Papers to Perceive Thaler’s Nobel-Profitable Work (Bloomberg)
- The Making of Richard Thaler’s Economics Nobel (The New Yorker)
- Richard Thaler Wins the Nobel in Economics for Killing Homo Economicus (The Atlantic)
- Nick Kokonas — Wikipedia
- Nick Kokonas — Find out how to Apply World-Class Creativity to Enterprise, Artwork, and Life (#341) — The Tim Ferriss Present
- Nick Kokonas on Resurrecting Eating places, Pores and skin within the Sport, and Investing (#429) — The Tim Ferriss Present
- Tock — Official Website
- The Alinea Group
- Alex Imas — Chicago Sales space Profile
- Daniel Kahneman
- Amos Tversky
- Prospect Principle (Kahneman & Tversky, 1979)
- Judgment below Uncertainty: Heuristics and Biases (1974)
- Availability Heuristic (Tversky & Kahneman, 1973)
- Endowment Impact & Coase Theorem (Kahneman, Knetsch & Thaler, 1990)
- Equity as a Constraint on Revenue In search of (Kahneman, Knetsch & Thaler, 1986)
- Save Extra Tomorrow™ (Thaler & Benartzi, 2004)
- Default Results in 401(ok)s (Madrian & Shea, 2001)
- Alternative Structure (Thaler, Sunstein & Balz, 2013)
- Schiphol’s “Fly within the Urinal” Nudge
- Sunk Value Fallacy (Arkes & Blumer, 1985)
- Playing with the Home Cash and Attempting to Break Even (Thaler & Johnson, 1990)
- Golden Eggs and Hyperbolic Discounting (Laibson, 1997)
- The CFO Survey (Duke/Fuqua)
- Libertarian Paternalism (Thaler & Sunstein, 2003)
- Journal of Financial Views (open entry)
- Anomalies: The Winner’s Curse (Thaler, JEP)
- Estimating the Reproducibility of Psychological Science (Open Science Collaboration, 2015)
- Evaluating Replicability of Laboratory Experiments in Economics (Camerer et al., 2016)
- Temptation Bundling (Milkman, Minson & Volpp, 2014)
- Paying To not Go to the Gymnasium (DellaVigna & Malmendier, 2006)
Notice from the editor: An expanded record of hyperlinks & sources will likely be added.
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