Richard Thaler
Richard Thaler is based at the University of Chicago where he specialises in behavioural economics and the psychology of decision-making. [1] Thaler is the co-author with Cass Sunstein of Nudge: Improving Decisions About Health, Wealth, and Happiness. The book applies theoretical components from behavioural economics to social problems and has been influential in the UK, with the government since 2010 keen to explore methods that "supports the Coalition Government’s commitment to reducing regulatory burdens on business and society, and achieving its goals as cheaply and effectively as possible" [2] Within the Cabinet Office the government has established the Behavioural Insights Team that explores ways to promote preferred behaviour by using behavioural economics and behavioural science in policy making.[3] Richard Thaler is an unpaid advisor to this group.
Affiliations
- Director of the Center for Decision Research.
- Advisor to Behavioural Insights Team based at the UK Cabinet Office .[4]
- Member American Academy of Arts
- Co-director, with Robert Shiller of the NBER project on behavioral economics.
- Former Vice President of the American Economics Association and was
- Former elected a Fellow of the American Finance Association [5]
Books
- Thaler, Richard H. 1964. The Winner's Curse: Paradoxes and Anomalies of Economic Life. Princeton: Princeton University Press. ISBN 0691019347.
- Thaler, Richard H. 1993. Advances in Behavioral Finance. New York: Russell Sage Foundation. ISBN 0871548445.
- Thaler, Richard H. 1994. Quasi Rational Economics. New York: Russell Sage Foundation. ISBN 087154847X.
- Thaler, Richard H. 2005. Advances in Behavioral Finance, Volume II (Roundtable Series in Behavioral Economics). Princeton: Princeton University Press. ISBN 0691121753.
- Thaler, Richard H. and Cass Sunstein. 2008. Nudge: Improving Decisions About Health, Wealth, and Happiness. New York: Penguin. ISBN 014311526X
References
- ↑ The University of Chicago Booth School of Business Richard H. Thaler accessed 27th September 2011
- ↑ Cabinet Office Applying Behavioural Insights accessed 21st September 2011
- ↑ Cabinet Office Applying Behavioural Insights accessed 21st September 2011
- ↑ Cabinet Office Applying Behavioural Insights accessed 21st September 2011
- ↑ The University of Chicago Booth School of Business Richard H. Thaler accessed 27th September 2011
