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person1945–

Richard H. Thaler

Disciplines:
economics
behavioral economics
chicago booth
science/nobel

Summary

American behavioral economist — University of Chicago Booth School — Nobel Prize in Economic Sciences 2017 — who built the behavioral economics research program on Kahneman and Tversky's foundations and co-created nudge theory.

Core Contribution

Creates nudge theory — Thaler and Sunstein's Nudge argues that small changes in how choices are presented (default options, framing, social comparison) can reliably improve human decision-making without restricting freedom; the framework became the basis for behavioral public policy worldwide.

Notable Works & Achievements

Misbehaving

Nudge

The Winner's Curse

Historical Influences

Kahneman and Tversky Robert Shiller Hersh Shefrin

Intellectual Lineage

East Orange, New JerseyCase WesternRochesterCornell Chicago Booth Nobel Prize 2017

Contemporaries & Peers

Kahneman and Tversky Cass Sunstein Robert Shiller

Minds Influenced

Behavioral economics Public policy

Intellectual Posterity

Nudge theory Nudge Mental accounting Endowment effect

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Richard H. Thaler

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