Richard Thaler

Richard Thaler
Thaler in 2015
Born (1945-09-12) September 12, 1945 (age 79)
EducationCase Western Reserve University (BA)
University of Rochester (MA, PhD)
SpouseFrance Leclerc
Children3
AwardsNobel Memorial Prize in Economic Sciences (2017)
Scientific career
FieldsBehavioral economics, Behavioral finance, Nudge theory
InstitutionsUniversity of Rochester
Cornell University
University of Chicago
ThesisThe Value of Saving a Life: A Market Estimate (1974)
Doctoral advisorSherwin Rosen

Richard H. Thaler (/ˈθlər/;[1] 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.[2]

Thaler is a theorist in behavioral economics who has collaborated with Daniel Kahneman, Amos Tversky, and others in further defining that field. In 2018, he was elected a member in the National Academy of Sciences.

In 2017, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics.[3] In its announcement, the Royal Swedish Academy of Sciences stated that his "contributions have built a bridge between the economic and psychological analyses of individual decision-making. His empirical findings and theoretical insights have been instrumental in creating the new and rapidly expanding field of behavioral economics."[4]

  1. ^ Talks at Google (2015-06-03), Richard Thaler: "Misbehaving: The Making of Behavioral Economics" | Talks at Google, retrieved 2018-11-19 {{citation}}: |last= has generic name (help)
  2. ^ "American Economic Association". www.aeaweb.org. Retrieved 2017-11-05.
  3. ^ Multiple sources:
  4. ^ Multiple sources: