Richard H. Thaler: Media Coverage

Former University of Chicago professor Paul Romer wins Nobel Prize in economics

October 8, 2018 | Associated Press/ABC

Last year's prize went to American Richard Thaler for studying how human irrationality affects economic theory.

PIMCO and University of Chicago’s Center for Decision Research Announce Partnership to Guide Wiser Decision-Making

September 27, 2018 | GlobeNewswire/Morningstar

PIMCO, one of the world’s premier fixed income investment managers and the Center for Decision Research (CDR) at the University of Chicago Booth School of Business announce a partnership in support of CDR’s behavioral science research.

“They Tend to Be a Little Psychopathic in that Way.”

September 17, 2018 | Institutional Investor

In 2015, Richard Thaler, a Nobel Prize-winning professor at the University of Chicago, wrote a book called Misbehaving, about the history of behavioral economics, of which he is a founder.

How Top Financial Advisors Are Using Behavioral Science To Rethink Your Investments

September 11, 2018 | Forbes

Academics such as Richard Thaler, who won last year’s Nobel prize in economics, have persuasively described how “mental accounting” leads people to regard money differently depending on what it’s to be used for.

Want to trick yourself into more exercise? Yeah, good luck with that

September 7, 2018 | Washington Post/Sydney Morning Herald/Finanzen

A "nudge" is a policy intervention that "alters people's behavior in a predictable way without forbidding any options or significantly changing their economic incentives," according to Richard Thaler, the University of Chicago economist who last year won a Nobel Prize in part for his work on the subject.

The Interview Show with Mark Bazer: Sarah Grueneberg, Richard H. Thaler

August 20, 2018 | PBS

My next guest just won the nobel prize in economics. He's also at the University of Chicago and the co-author of a best selling book called Nudge. Here is Richard Thaler.

Social Psychology v. Behavioral Economics: 3 Key Differences

August 7, 2018 | Psychology Today

As an aside, I once asked Richard Thaler’s opinion of why proponents of neoclassical economic thinking have been so reluctant to admit to the frequent irrationality of our species.

The Cognitive Biases Tricking Your Brain

September 2018 | The Atlantic

Another key figure in the field is the University of Chicago economist Richard Thaler.

Can you really ‘nudge’ savings?

June 7, 2018 | Politico

The idea, based on research by Richard Thaler of the University of Chicago (who won the Nobel prize in economics last year in part for his work on the topic), is that instead of making employees log on to a computer to sign up, employers enroll them automatically as the default option. (They still have the freedom to opt out, but opting in is preset.)

Local teen helps lead push for bill lessening restrictions on organ donation; law to go into effect this July

June 1, 2018 | Lawrence Journal World, Associated Press, U.S. News

He does, however, remember re-reading the 2008 book “Nudge: Improving Decisions about Health, Wealth, and Happiness,” by University of Chicago economist Richard H. Thaler and Harvard Law School professor Cass R. Sunstein.

Small Is Beautiful: Using Gentle Nudges To Change Organizations

Feb 22, 2018 | Forbes

Subtle and seemingly insignificant aspects of the environment in which decisions are taken can have substantial impact on people’s behavior. This is the premise of the book Nudge, written by Cass Sunstein, one of the most cited American legal scholars, and Richard Thaler, last year’s winner of the Nobel prize in economics.

A budget nudge isn’t likely to be enough to close the gender gap

Feb 21, 2018 | The Globe and Mail

It sounds a little like the behavioural economics that Richard Thaler and Cass Sunstein suggested a decade ago in a book called Nudge, which suggested policy makers could frame choices for the public to encourage better outcomes, often for less money.

Here's what Donald Trump and the NRA get about humans that you don't

Feb 20, 2018 | Business Insider

We are changing the way we think about this stuff, though. The man who won the Nobel Memorial Prize in Economic Sciences last year, Richard Thaler of the University of Chicago, did so by explaining a bunch of ways humans persuade themselves to hurt themselves and how to work around that.

A sloth’s guide to surviving a week of market volatility

Feb 9, 2018 | Financial Times

One laboratory study — by Mr Kahneman, Tversky, Alan Schwartz and last year’s Nobel laureate economist Richard Thaler — invited participants to make investment allocation decisions over 200 “turns”, each meant to simulate a few weeks of real investment. Some were allowed to reallocate every turn after observing what had just happened.

The battle for time

Feb 19, 2018 | Sydney Morning Herald

Richard Thaler, a pioneering behavioural economist and latest winner of the Nobel prize for economics, emphasised how fallible humans can be when making economic decisions, in his acceptance speech just before Christmas.

Don't Be a Victim of Irrational Exuberance

February 8, 2018 | Entreprenuer

Behavioral economist Richard Thaler has made a career of studying irrational and temptation-driven economic behaviors. Thaler, who won the Nobel Prize in economics in October of 2017, said in a recent interview, “we seem to be living in the riskiest moment of our lives, and yet the stock market seems to be napping.”

How to Bear a Bull Market: The Psychology of Volatile Securities Trading

February 7, 2018 | Scientific American

The work of visionaries such as Nobel laureates Richard Thaler and Daniel Kahneman has demonstrated humans do not operate as rational agents, as assumed by classical economics.

How to save more money in 2018

January 26, 2018 | NBC

If you can assign your money particular “jobs” as it applies to meeting your goals, you’ll be more successful. That’s the idea at the heart of a behavioral finance concept called “mental accounting,” for which University of Chicago Economist Richard Thaler won the Nobel Prize in 2017.

5 simple steps to save more money — starting now

January 24, 2018 | NBC

This “bucket method” can make spending and saving simple. According to research by economist Richard Thaler from the University of Chicago, if you assign your money a particular job, you’ll be more successful in reaching your financial goals.

Can a little nudge help in saving for retirement?

January 19, 2018 | The Globe and Mail

The idea of behavioural economics has been getting a lot of attention in recent months. In October, the 2017 Nobel Prize in Economics was awarded to Richard Thaler, professor of behavioral science and economics at the University of Chicago Booth School of Business, for his contributions to the field.

Listening to what we don’t want to hear is often vital

January 10, 2018 | The Times

Let’s not forget the current craze for behavioural economics, which resulted in Richard Thaler, the economist, winning a Nobel prize. Behavioural economics proves that how we design public and private systems, right down to application forms, has a huge effect on people’s choices. It’s called “choice architecture”.

Uncommon Knowledge: Bros, basketball, and business economics

January 6, 2018 | Boston Globe

A study by a team of judgment researchers from Cornell University and the University of Chicago (including Richard Thaler, the latest winner of the Nobel Prize in economics) found that NBA and NFL teams typically went for the tie at the end of regulation, even though the probability of winning was lower, given the remaining uncertainty of overtime. In an experiment, even when people were explicitly informed of the lower probability, half still chose to go for the tie.

Richard H. Thaler | The Interview Show

January 5, 2018 | PBS

Host Mark Bazer interviews Richard H. Thaler, 2017 Nobel Prize winning economist and co-author, "Nudge."

Chicago's top business stories of 2017

December 26, 2017 | Chicago Tribune

University of Chicago economist wins the Nobel Prize: Richard Thaler, a University of Chicago professor considered a founder of the field of behavioral economics, won the Nobel Memorial Prize in economics for his research using psychology and economics to understand how people make economic decisions.

Richard Thaler, the man of the year

December 25, 2017 | France Culture

(Translation) The Nobel Prize for Economics was awarded to Richard Thaler for his work on the limits of rationality and social preferences which, according to him, "systematically affect individual decisions and market orientations".

Behavioral economics finally goes mainstream: 4 essential reads

December 21, 2017 | The Conversation

In October, the University of Chicago’s Richard Thaler won the Nobel for his work in three areas: “limited rationality,” “social preferences” and “lack of self-control.”

Give them a nudge, avert a war: behavioural economics comes of age

December 16, 2017 | The Sydney Morning Herald

But in October the Nobel Prize in Economics went to Richard Thaler, the American economist who almost single-handedly founded the field that Halpern is now so richly tilling.

Richard Thaler Talks About Silly (but Serious) Things

December 13, 2017 | The New York Times

Richard H. Thaler learned early on Monday that he had won the Nobel Memorial Prize in Economic Sciences for “contributions to behavioral economics”—a field that he helped create.

Morningstar Conversation: Reality Economics

December 13, 2017 | Morningstar

Richard Thaler received the Nobel Memorial Prize in Economic Sciences on Oct. 9 for his pioneering work in behavioral economics. The month before he won, Thaler sat down with Barry Ritholtz at the Morningstar ETF Conference in Chicago for a conversation ranging from Thaler’s mentors to his movie career.

Richard Thaler, A Giant In Economics, Awarded The Nobel Prize

December 13, 2017 | Forbes

Richard Thaler is one of the most important economists of our era.

Nobel Prize winner and hedge fund founder: This is all you need to know to invest your money

December 13, 2017 | CNBC

Richard Thaler won the 2017 Nobel Prize in economics for his work on how humans may not act as rationally as economists' models assume.

2017 Nobels Feted At DC’s “Oscars”

December 9, 2017 | Huffington Post

The Prize in Economics was awarded to Richard Thaler for his contributions to the field of behavioral economics, the central idea of which is that people are not rational economic creatures.

Nobel ceremony moves University of Chicago professor to tears

December 11, 2017 | Chicago Tribune

So it was both apt and touching that University of Chicago Professor Richard Thaler was moved to tears on Sunday when he was officially presented with the prize by the King of Sweden in a ceremony in Stockholm.

The Secret to Getting Workers to Save More for Retirement

December 10, 2017 | The Wall Street Journal

Op Ed by Richard Thaler: Why is it so hard for people to save? In our research, we focused on two main behavioral causes: a lack of willpower and inertia.

Nobel Economics Winner Says Trump Tax Plans Spur Inequality, Tax Avoidance

December 7, 2017 | U.S. News

The U.S. tax overhaul supported by President Donald Trump and the Republican party will increase inequality and opportunities for tax avoidance, Nobel economics prize-winner Richard Thaler said on Thursday.

How to heal a nation divided by Brexit

December 5, 2017 | Yahoo!

They were rational even if everyone else was not. But as the behavioural economist and Nobel laureate Richard Thaler, said before the vote, “if you can find 100 voters in Britain that have made that calculation, I’d like to talk to them”.

BlackRock and Vanguard Are Less Than a Decade Away From Managing $20 Trillion

December 4, 2017 | Bloomberg

And if indexing distorts the market so much that it’s easier to beat, more investors will flock to stock pickers, says Richard Thaler, Nobel laureate, University of Chicago professor and principal at Fuller & Thaler Asset Management.

Nick Clegg meets Richard Thaler: ‘All it would take to stop Brexit is a couple of dozen brave Tories’

December 2, 2017 | The Guardian

Richard Thaler was awarded the Nobel prize for economics in October, for work that has “built a bridge between the economic and psychological analyses of individual decision-making”.

Why a Nobel Prize winner's 'single best quality' may be that he's lazy

November 10, 2017 | CNBC

U.S. economist Richard Thaler has an impressive resume. The "father of behavioral economics" received his master's in 1970 and Ph.D. in 1974, co-authored the global best seller "Nudge" as well as other books.

The rise of behavioural economics

November 7, 2017 | Nature

The Nobel Prize in Economic Sciences this year, in honouring the work of Richard H. Thaler, highlights the growing impact of behavioural economics in science and policy.

How to heal a nation divided by Brexit

December 5, 2017 | Yahoo!

They were rational even if everyone else was not. But as the behavioural economist and Nobel laureate Richard Thaler, said before the vote, “if you can find 100 voters in Britain that have made that calculation, I’d like to talk to them”.

BlackRock and Vanguard Are Less Than a Decade Away From Managing $20 Trillion

December 4, 2017 | Bloomberg

And if indexing distorts the market so much that it’s easier to beat, more investors will flock to stock pickers, says Richard Thaler, Nobel laureate, University of Chicago professor and principal at Fuller & Thaler Asset Management.

Nick Clegg meets Richard Thaler: ‘All it would take to stop Brexit is a couple of dozen brave Tories’

December 2, 2017 | The Guardian

Richard Thaler was awarded the Nobel prize for economics in October, for work that has “built a bridge between the economic and psychological analyses of individual decision-making”.

The power of a nudge

November 2, 2017 | RTE

Richard Thaler's work on behavioural economics and especially his book Nudge have had a dramatic effect on many areas of public policy and regulation.

Personal Finance: Professor wins Nobel Prize for examining investment mistakes

November 1, 2017 | Chattanooga Times Free Press

Richard H. Thaler, a professor at the University of Chicago, gained wide recognition for his on-camera explication of the 2008 financial meltdown in the 2015 film "The Big Short."

Predictably Unpredictable: Why We Don't Act Like We Should

October 23, 2017 | NPR

That's the title of Richard Thaler's most recent book: Misbehaving: The Making of Behavioral Economics. If you've read Thaler's previous book, Nudge, you know he's an economist who studies why people don't act the way traditional economists say they will.

When The Nobel Prize Goes Pop: Richard Thaler And The Uncertain Future Of 'Nudge'

October 21, 2017 | Forbes

Summing up, the contribution that Richard Thaler has made to behavioural economics over the past several decades has been seminal, enlightening and path-breaking.

YIMBYism Can't Help Everyone

October 20, 2017 | Forbes

Have you heard of Richard Thaler? If not, you should. Thaler, a professor at the University of Chicago's Booth School of Business, won this year's Nobel Prize for Economic Sciences for his work in the field of behavioral economics.

A Nobel Nod to the Irrational

October 19, 2017 | Psychology Today

The University of Chicago’s Professor Richard Thaler walked off with the Nobel Prize in Economics for his work researching Behavior Finance.

Why Is Nobel-Winning Economist Richard Thaler So Jovial?

October 18, 2017 | Huffington Post

When Professor Richard Thaler of the University of Chicago received the news that he had won the Nobel Memorial Prize in Economic Sciences for “contributions to behavioral economics,” he faced an eager press with unusual mirth. What’s the story behind Professor Thaler’s jovial response?

This year’s economics Nobel winner invented a tool that’s both brilliant and undemocratic

October 16, 2017 | Vox

Richard Thaler, of the University of Chicago, just won the Nobel Memorial Prize in economics for his contribution to behavioral economics — the subfield known for exploring how psychological biases cause people to act in ways that diverge from pure rational self-interest.

A WELL DESERVED ECONOMICS AWARD. BUT FOR WHAT EXACTLY?

October 16, 2017 | Newsweek

This year, liberals are the ones who are smiling, because Richard Thaler won the award.

Feeling irrational? Nobel economist Richard Thaler says you're not alone

October 15, 2017 | Detroit Free Press

Professor Richard Thaler of the University of Chicago is one of the longtime leaders of this school of behavioral economics.

Does your 401(k) owe Trump a thank-you note?

October 15, 2017 | Chicago Tribune

More generally, stock markets tend to overshoot, a phenomenon that University of Chicago behavioral economist Richard Thaler, awarded the Nobel Prize in economics on Oct. 9, played a key role in documenting.

Americans are happy to spend their cash, but will the confidence last?

October 15, 2017 | The Hill

That isn’t the case today, as the field of behavioral economics has become more and more popular. Just this month, University of Chicago Professor Richard Thaler received the Nobel Prize for his work in behavioral economics.

Why Surge Prices Make Us So Mad: What Springsteen, Home Depot and a Nobel Winner Know

October 14, 2017 | The New York Times

Understanding this logic can also win you a Nobel in economics. At least, it did recently for the University of Chicago economist Richard H. Thaler, who was honored for work that includes study of what constitutes fairness in markets.

Richard Thaler Talks About Silly (but Serious) Things

October 13, 2017 | The New York Times

Richard H. Thaler learned early on Monday that he had won the Nobel Memorial Prize in Economic Sciences for “contributions to behavioral economics”—a field that he helped creat e.

Breakingviews - Hadas: Economists need more psychological abuse

October 11, 2017 | Reuters

What do you get when you merge psychology with economics? Richard Thaler, who just won the Nobel Memorial Prize in the latter field, has an answer, which he calls behavioural economics.

Science Advances One Funeral at a Time. The Latest Nobel Proves It

October 10, 2017 | Bloomberg

Richard Thaler of the University of Chicago’s Booth School of Business, who won the Nobel Prize in economics on Oct. 9, exemplifies Planck’s observation.

The Making of Richard Thaler’s Economics Nobel

October 10, 2017 | The New Yorker

Daniel Kahneman, the Princeton psychologist who shared the 2002 Nobel Prize in economics for his role in developing the field of behavioral economics, is a night person. Early on Monday morning, he went to sleep at around 3 a.m.,which meant that he missed the call at 6:49 a.m. from his closest friend and longtime research collaborator, the University of Chicago economist Richard Thaler, who had just been named the sole recipient of the 2017 prize.

The Art of Thinking Well

October 10, 2017 | The New York Times

Richard Thaler has just won an extremely well deserved Nobel Prize in economics. Thaler took an obvious point, that people don’t always behave rationally, and showed the ways we are systematically irrational.

Nobel Economist Thaler Says He's Nervous About Stock Market

October 10, 2017 | Bloomberg

A buoyant and complacent stock market is worrying Richard H. Thaler, the University of Chicago professor who this week won the Nobel Prize in economics.

Nobel Economist Thaler Says He's Nervous About Stock Market

October 10, 2017 | Bloomberg

A buoyant and complacent stock market is worrying Richard H. Thaler, the University of Chicago professor who this week won the Nobel Prize in economics.

That 'waning' U. of C. dynasty wins another Nobel

October 9, 2017 | Chicago Tribune

Well, in the 24 years since those snarky comments, we count nine times a professor, or two, associated with the University of Chicago has gotten the economics Nobel, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Economics Nobel winner Thaler shed light on how real people behave

October 9, 2017 | PBS

University of Chicago scholar Richard Thaler was honored with the 2017 Nobel Prize in economics for his work questioning traditional assumptions that markets act rationally, and for taking human nature into account.

4 Ways Nobel Prize Winner Richard Thaler's Work Has Improved Your Life

October 9, 2017 | Forbes

When I interviewed Richard Thaler a few years ago for a Forbes magazine piece, I was confident enough to tell him he "was going to get a call from Stockholm."

Meet Richard Thaler, the Man Who Just Won the Nobel Prize for Helping You Save for Retirement

October 9, 2017 | TIME

You may never have heard of Richard Thaler. But when he won the Nobel Prize for economics on Monday, personal finance experts let out a big cheer.

A snapshot of Nobel economics winner Richard Thaler

October 9, 2017 | Associated Press/Yahoo!

QUOTE: "I try to teach people to make fewer mistakes. But in designing economic policies, we need to take full account of the fact that people are busy, they're absent-minded, they're lazy and that we should try to make things as easy for them as possible."

Nobel goes to Richard Thaler who made economics human again

October 9, 2017 | Associated Press

Richard Thaler of the University of Chicago on Monday won the Nobel economics prize for documenting the way people’s behavior doesn’t conform to economic models that portray them as perfectly rational. As one of the founders of behavioral economics, he has helped change the way economists look at the world.

American wins Nobel Prize for work on behavioral economics

October 9, 2017 | UPI

The 2017 Nobel Prize in Economic Sciences -- the final award for this year -- was awarded Monday to an American economist for his work in integrating economics and psychology.

Nobel prize in economics awarded to Richard Thaler

October 9, 2017 | The Guardian

Richard Thaler co-wrote a bestselling book on the nudge concept read by politicians around the world and soon had them embracing the notion that people can be influenced by prompts – such as changing the wording of tax demands – to alter their behaviour.

We're all human - 'Nudge' theorist Thaler wins economics Nobel

October 9, 2017 | Reuters

U.S. academic Richard Thaler, who helped popularise the idea of “nudging” people towards doing what was best for them, won the 2017 Nobel Economics Prize on Monday for his work on how human nature affects supposedly rational markets.

Richard Thaler of the University of Chicago wins Nobel for work in behavioral economics

October 9, 2017 | Chicago Tribune

The Nobel prize in economics was awarded Monday to Richard Thaler of the University of Chicago for research showing how people's choices on economic matters — whether on savings or game shows like "Deal or No Deal" — are not always rational.

The Nobel in economics rewards a pioneer of “nudges”

October 9, 2017 | The Economist

NOT long ago, the starting assumption of any economic theory was that humans are rational actors who maximise their utility. Economists summarily dismissed anyone insisting otherwise. But over the past few decades, behavioural economists like Richard Thaler have progressively chipped away at this notion.

Thaler Changed My Life (and Everybody Else's)

October 9, 2017 | Bloomberg

I first heard about Richard Thaler in the 1980s, in a locker room at the University of Chicago.

Nobel Prize in Economics Awarded to Nudge Co-Author Richard Thaler

October 9, 2017 | TIME

The Nobel economics prize has been awarded to Richard Thaler of the University of Chicago for his contributions to behavioral economics.

Nobel Goes To American Richard Thaler For Work In Behavioral Economics

October 9, 2017 | NPR

The 2017 Nobel Prize in Economic Sciences has been awarded to Richard Thaler of the University of Chicago for his pioneering work in behavioral economics.

American Richard H. Thaler wins Nobel Prize in economics

October 9, 2017 | CNN

Richard Thaler, whose work influenced the Obama administration and led to a cameo in "The Big Short," was cited for his research in the field of behavioral economics. He gets 9 million Swedish krona, or about $1.1 million.

Nobel Prize in Economics: Who is Richard Thaler?

October 9, 2017 | The Wall Street Journal

The Royal Swedish Academy of Sciences on Monday selected American economist Richard Thaler of the University of Chicago as the winner of the 2017 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, recognizing him for contributions to the field of behavioral economics.

Nobel in Economics Is Awarded to Richard Thaler

October 9, 2017 | The New York Times

Richard H. Thaler was awarded the Nobel Memorial Prize in Economic Science on Monday for his contributions to behavioral economics.

'Nudge' economist Richard Thaler wins Nobel Prize

October 9, 2017 | BBC

Prof Thaler, of Chicago Booth business school, co-wrote the global best seller Nudge, which looked at how people make bad or irrational choices.