# Richard Thaler
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Richard H. Thaler (; born September 12, 1945) is an American economist and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2015, Thaler was president of the American Economic Association.Thaler is a theorist in behavioral economics and has collaborated with Daniel Kahneman, Amos Tversky, and others on multiple occasions in further defining that field. In 2018, he was elected a member in the National Academy of Sciences.
The Transformative Ideas of Daniel Kahneman
If you've ever taken an economics class, you were probably taught that people are rational. But about 50 years ago, the psychologists Daniel Kahneman and Amos Tversky began to chip away at this basic assumption. In doing so, they transformed our understanding of human behavior. This week, we rememb…
Follow the Anomalies
As we move through our lives, we have to make decisions both big and small. Some are banal: What will I eat for breakfast today? Should I drive or bike to work? Others are more complicated: How much should I contribute to my 401k? What career should I pursue? Today on the show, behavioral economist…
Misbehaving with Richard Thaler
We don't always do what we're supposed to do. We don't save enough for retirement. We order dessert — even when we're supposed to be dieting. In other words, we misbehave. That's the title of Richard Thaler's most recent book: Misbehaving: The Making of Behavioral Economics. If you've read Thaler's…
Encore of Episode 16: Misbehaving
From eating marshmallows to spending lottery winnings, Shankar Vedantam talks with behavioral economist Richard Thaler about Misbehaving. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Episode 16: Misbehaving
From eating marshmallows to spending lottery winnings, Shankar Vedantam talks with behavioral economist Richard Thaler about his book Misbehaving. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
2021 Los Angeles Rams
Looking back, the Los Angeles Rams' victory in Super Bowl LVI feels like it was inevitable. After all, they were led by a star-studded crew including Sean McVay, Matthew Stafford, and Aaron Donald. But the road to a championship was anything but smooth.
They cycled through quarterbacks before maki…
Nudge, by Richard Thaler and Cass Sunstein
Somebody designs the decision environment every time, no matter how neutral they try to be. That makes Nudge useful to anyone designing or proposing policy, inside government or from industry.
What We Cover in the Episode
The boss of a Swedish pension fund bought the most expensive house in the …
SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656
Today's guest is Albert Edwards, Global Strategist at Societe Generale.
In today’s episode, Albert lays out why he sees US 10 year yields heading to 10% and the S&P may fall 50% to 60%. He explains how fiscal dominance will push central banks to print, why consumers are paying nearly $150 for oil…
Dr. Kyra Bobinet: The “Failure Industry” Is Rigging Your Brain Against You
Why do most New Year’s resolutions fall apart by mid-February? And why does falling short so often turn into shame, negative self-talk, and reaching for something to numb out? In this special episode of Unstoppable Brain, Dr. Kyra Bobinet pulls together what she’s been learning from her keynotes, h…
The Sunk Cost Fallacy: Why You Stay in a Dying Career, Marriage, or Business Because You Already Invested, Thaler's Prospect Theory, and the Exit Calculation Protocol That Sets You Free (EP70)
Kevin spent 680,000 dollars and four years refusing to close a restaurant everyone told him was dead. Sunk cost, prospect theory, and the Exit Calculation Protocol that ends the same pattern in you.
Kevin's accountant, his business partner, and three separate consultants all told him the same thing…
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I have no special talent. I am only passionately curious, and
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‐ Albert "Llamacorn" Einstein
