Richard H Thaler
@R_Thaler
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Professor of Behavioral Science and Economics, @CDR_Booth, @ChicagoBooth Co-author of Nudge:The Final edition, author of Misbehaving. Slayer of #sludge
Chicago
Joined August 2011
Looking forward to this! Angela and Katy are amazing. Good thing I have @alexolegimas with me to handle the tough questions.
Next Week: Don’t miss @angeladuckw & @katy_milkman in conversation with Nobel Prize winning economist @R_Thaler and @ChicagoBooth Professor @alexolegimas about their new book, The Winner’s Curse. 📅 Thurs Oct 23 | 4-5PM 📍 Huntsman Hall G06 📩RSVP: https://t.co/oiM6GnV8W2
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Division of labor on this project. Imas: anything involving work. Thaler: jokes. David Ricardo was right!
@R_Thaler and I wrote a book about behavioral economics You should get it if you: - Want to learn where BE started, how far it’s come, and where (we think) it’s going - Teach BE (comes w/ slides+materials) - Curious about replicability (we replicated main studies) 🧵w/ links
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Thanks Romesh! Only one week early. I hope you enjoy your copy.
The winner’s curse - over 30 years on from his Anomalies column on behavioral economics launching in the Journal of Economic Perspectives, Nobel laureate @R_Thaler brings us up to date on the field in a new book with @ChicagoBooth colleague @alexolegimas - published today!
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Amazing shot by my favorite photographer. And she claims not to like sports!
thisiscolossal.com
Since 2020, Pure Street Photography—an initiative focused on connecting international photographers—has commended visual storytellers through an annual competition.
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Smart move by Canada, reducing sludge. Why is the Trump admin killing this program in the U.S.? Because they do not value the time of American taxpayers.
Canada’s new government is starting Automatic Federal Benefits. We’re going to pre-file taxes for up to 5.5 million low-income Canadians, so they get the benefits they are entitled to — money that would otherwise be left unclaimed.
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🚨 ATTN. New Jersey: MIKIE SHERRILL… - Refuses to commit that she won’t raise New Jersey’s sales tax. - Her plan will “cost you an arm and a leg, but if you’re a good person, YOU’LL DO IT.” As Governor, Mikie Sherrill will make YOU PAY! Vote AGAINST her on 11/4.
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Thanks Tim! Fun convo with you and Nick.
NEW podcast episode is up! Nick Kokonas and Richard Thaler, Nobel Prize Laureate — Realistic Economics, Avoiding The Winner’s Curse, Using Temptation Bundling, and Going Against the Establishment Richard H. Thaler (@r_thaler) is the 2017 recipient of the Nobel Memorial Prize
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So good.
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On Oct 9, 12:30 PM ET, Nobel laureate @R_Thaler & @UChicago Booth's @alexolegimas join Markus Brunnermeier on Markus’ Academy for “Behavioral Economics Anomalies: Then and Now.” Learn about the evolving insights in Behavioral Economics, and register here: https://t.co/Gcf2pAaFlp
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Thanks to @jasonzweigwsj for reading my new book with @alexolegimas and discussing it in his newsletter.
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Hydrate. Hustle. GO! CELSIUS HYDRATION - The ultimate hydration for every move. CELSIUS. LIVE. FIT. GO!
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So looking forward to this. Who says you can't go home again? This is where the current version of me began.
Coming to Cornell: @NobelPrize-winning economist and former @Cornell professor Richard Thaler (@R_Thaler) will visit campus Oct. 17 for a conversation about his groundbreaking work in the field of behavioral economics. @CornellCAS
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I refer all technical questions to @alexolegimas. We discuss these topics in detail in our new book coming soon! The Winner's Curse.
@R_Thaler I'm not a behavioral economist, but many of my friends are. And I have to say - I don't really see K&T's PT influence. EU is still the workhorse and benchmark. Usually PT involves making many adjustments to it, that it feels like epicycles by now...
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I suspect we disagree on this. A variety of alternatives have emerged. Behavioural economists favour a more psychologically realistic description of human behaviour. This is obviously appealing, but the problem is that psychologically realistic humans are not mathematically
We need to be a little less conservative and have a toolkit that looks less like Bourbaki and more like modern statistical mechanics, computer science, statistical learning theory, etc. 8/8
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Economists have long stressed the risk of regulatory capture by companies. What do we call this? Capture by idiots?
wsj.com
The CEO behind Tylenol thought he’d found a way to work with the Trump administration. Then everything went off the rails.
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Check out the opening lyric from the song entitled Nudge Unit: All we left behind those closed doors An uncanny atmosphere The things we own, own ourselves Hence somebody own our very lives Am I right to interpret the "things we own own" as a reference to the endowment effect?
Hey @R_Thaler, is this you? https://t.co/3UrQWgke1i
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Yeah, back-up vocals. With @DavidHalpernCBE and Gus O'Donnell on bass.
Hey @R_Thaler, is this you? https://t.co/3UrQWgke1i
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Maybe we could get @dmorey to be referee?
Hey, I am doing an event at the Chicago Humanities Festival with my long-time friend @NateSilver538 on Oct 4. I think we can do it however we want so fun suggestions welcome. Related to my new book with @alexolegimas The Winner's Curse.
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Hey, I am doing an event at the Chicago Humanities Festival with my long-time friend @NateSilver538 on Oct 4. I think we can do it however we want so fun suggestions welcome. Related to my new book with @alexolegimas The Winner's Curse.
chicagohumanities.org
On the Edge and The Winner's Curse
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