Richard Thaler

University of Chicago Booth School of Business

 

Richard Thaler is the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics and director of the Center for Decision Research at the University of Chicago Booth School of Business. In 2015, Richard will be the President of the American Economics Association.

 

Richard is the co-author (with Cass R. Sunstein) of the global best seller Nudge, in which the concepts of behavioural economics are used to tackle many of society’s major problems. His latest book is “Misbehaving: The Making of Behavioural Economics". He has advised the US President, Barack Obama and UK Prime Minister, David Cameron, and is widely regarded as a pioneer in the field of behavioural economics and finance.

 

Richard specialises in the psychology of decision-making which lies in the gap between economics and psychology. He investigates the implications of relaxing the standard economic assumption that everyone in the economy is rational and selfish, instead entertaining the possibility that some of the agents in the economy are sometimes human.

 

He has published a number of articles in prominent journals such as the American Economics Review, the Journal of Finance and the Journal of Political Economy. He has authored or edited four other books: Quasi-Rational Economics, The Winner's Curse: Paradoxes and Anomalies of Economic Life, and Advances in Behavioral Finance (editor) Volumes I and II.