Richard Thaler,


Booth School of Business, University of Chicago

Richard Thaler is the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business, where he has taught since 1995. He studies behavioral economics and finance as well as 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.  Professor Thaler is the director of the Center for Decision Research, and is the co-director (with Robert Shiller) of the Behavioral Economics Project at the National Bureau of Economic Research. He is co-author (with Cass R. Sunstein) of the global best-seller Nudge (2008) in which the concepts of behavioral economics are used to tackle many of society’s major problems. In 2015 he published Misbehaving: The Making of Behavioral Economics. 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. He has published numerous articles in prominent journals such as the American Economics Review, the Journal of Finance, and the Journal of Political Economy. He is a member of the American Academy of Arts and Sciences, a Fellow of the American Finance Association and the Econometrics Society, and in 2015 served as the president of the American Economic Association. Previously, Profesoor Thaler taught at the University of Rochester and Cornell University, as well as visiting stints at the University of British Columbia, MIT Sloan School of Management, Russell Sage Foundation, and Center for Advanced Study in Behavioral Sciences at Stanford University. He earned a B.A., Case Western Reserve University, and an M.A. and Ph.D., University of Rochester.