Congratulations to Richard Thaler: Winner of Nobel Prize for Economics 2017
Congratulations to Richard Thaler, one of the founding fathers of "nudge theory" and Professor at the University of Chicago Booth School of Business, our partner based in the City, for his excellent achievement winning the Nobel Prize for Economics this year. A former speaker for Pro Bono Economics ("A world on the edge" with PBE Chairman Lord Gus O'Donnell on July 18, 2017), we are delighted to see a pioneer in behavioural economics take the prize in 2017.
Richard H. Thaler is the Charles Walgreen Distinguished Service Professor of Economics and Behavioural Science at the University of Chicago's Graduate School of Business where he is director of the Center for Decision Research. He is also a Research Associate at the National Bureau of Economic Research where he co-directs the behavioural economics project. Professor Thaler's research bridges the gap between psychology and economics. He is considered a pioneer in the fields of behavioural economics and finance, and has specialised in the study of saving and investment decision making. He is the author of numerous articles and books including the global bestseller Nudge: Improving Decisions about Health, Wealth and Happiness (with Cass Sunstein) and most recently Misbehaving: The Making of Behavioural Economics. He is a regular contributor to the Economic View column that appears in the New York Times Sunday Business Section. He is also a principal of the firm Fuller and Thaler Asset Management in San Mateo California that uses behavioural finance to invest in equities for institutional clients.