Richard H. Thaler

University of Chicago - Booth School of Business

Ralph and Dorothy Keller Distinguished Service Professor of Economics and Behavioral Science

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

38

DOWNLOADS
Rank 40

SSRN RANKINGS

Top 40

in Total Papers Downloads

154,646

SSRN CITATIONS
Rank 197

SSRN RANKINGS

Top 197

in Total Papers Citations

933

CROSSREF CITATIONS

2,427

Scholarly Papers (38)

1.
Downloads 31,882 ( 61)
Citation 12

Choice Architecture

Number of pages: 17 Posted: 02 Apr 2010
Richard H. Thaler, Cass R. Sunstein and John P. Balz
University of Chicago - Booth School of Business, Harvard Law School and University of Chicago - Political Science Department
Downloads 23,392 (109)
Citation 43

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Behavioral Economics, Public Policy, Nudge, Psychology

Choice Architecture

The Behavioral Foundations of Public Policy, Ch. 25, Eldar Shafir, ed. (2012).
Number of pages: 12 Posted: 13 Dec 2014
Richard H. Thaler, Cass R. Sunstein and John P. Balz
University of Chicago - Booth School of Business, Harvard Law School and University of Chicago - Political Science Department
Downloads 8,490 (694)
Citation 18

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Behavioral Economics, Public Policy, Nudge, Psychology

2.
Downloads 25,028 ( 97)
Citation 238

A Survey of Behavioral Finance

Number of pages: 77 Posted: 04 Oct 2002
Nicholas Barberis and Richard H. Thaler
Yale School of Management and University of Chicago - Booth School of Business
Downloads 23,644 (105)
Citation 10

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behavioral finance, market efficiency, limits to arbitrage, psychology, investor behavior

A Survey of Behavioral Finance

NBER Working Paper No. w9222
Number of pages: 78 Posted: 19 Sep 2002 Last Revised: 29 Oct 2010
Nicholas Barberis and Richard H. Thaler
Yale School of Management and University of Chicago - Booth School of Business
Downloads 1,384 (14,881)
Citation 4

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3.

Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show

American Economic Review, Vol. 98, No. 1, pp. 38-71, March 2008
Number of pages: 50 Posted: 16 Dec 2004 Last Revised: 21 Feb 2012
Graduate School of Business of Nazarbayev University, Vrije Universiteit Amsterdam, Erasmus University Rotterdam (EUR) and University of Chicago - Booth School of Business
Downloads 19,855 (138)
Citation 6

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Decision making under risk, Expected utility theory, Prospect theory

4.

The Loser's Curse: Decision Making & Market Efficiency in the National Football League Draft

Number of pages: 35 Posted: 05 Apr 2005 Last Revised: 05 Sep 2012
Cade Massey and Richard H. Thaler
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 12,561 (332)
Citation 17

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Market efficiency, rational expectations, behavioral decision theory, labor markets

5.
Downloads 12,417 ( 340)
Citation 9

Behavioral Economics

Number of pages: 13 Posted: 23 Oct 2000
Sendhil Mullainathan and Richard H. Thaler
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 11,278 (406)
Citation 19

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Behavioral Economics

NBER Working Paper No. w7948
Number of pages: 13 Posted: 12 Oct 2000 Last Revised: 19 Oct 2010
Sendhil Mullainathan and Richard H. Thaler
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 1,139 (19,976)

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6.

Libertarian Paternalism is Not an Oxymoron

Number of pages: 45 Posted: 09 May 2003
Cass R. Sunstein and Richard H. Thaler
Harvard Law School and University of Chicago - Booth School of Business
Downloads 11,308 (410)
Citation 149

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paternalism, savings, behavioral economics, libertarianism

7.

Behavioral Economics: Past, Present and Future

Number of pages: 22 Posted: 08 Jun 2016
Richard H. Thaler
University of Chicago - Booth School of Business
Downloads 11,030 (434)
Citation 25

Abstract:

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Behavioral Economics

8.

Split or Steal? Cooperative Behavior When the Stakes Are Large

Management Science, Vol. 58, No. 1, pp. 2-20, January 2012
Number of pages: 37 Posted: 19 Apr 2010 Last Revised: 23 Jan 2013
Vrije Universiteit Amsterdam, VU Amsterdam - School of Business and Economics and University of Chicago - Booth School of Business
Downloads 5,185 (1,639)
Citation 3

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natural experiment, game show, prisoner’s dilemma, cooperation, cooperative behavior, social behavior, social preferences, reciprocity, reciprocal behavior, context effects, anchoring

9.

Dividend Changes Do Not Signal Changes in Future Profitability

Number of pages: 38 Posted: 08 Oct 2003
Rice University - Jesse H. Jones Graduate School of Business, University of Geneva - Geneva Finance Research Institute (GFRI), University of California at Los Angeles and University of Chicago - Booth School of Business
Downloads 2,545 (5,604)
Citation 35

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10.

Heuristics and Biases in Retirement Savings Behavior

Journal of Economic Perspectives, Forthcoming
Number of pages: 41 Posted: 22 Jan 2007
Shlomo Benartzi and Richard H. Thaler
University of California at Los Angeles and University of Chicago - Booth School of Business
Downloads 2,025 (8,253)
Citation 69

Abstract:

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Retirement savings, 401(k) plans, behavioral finance

11.

Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice

Management Science, Vol. 36, No. 6, pp. 643-660, 1990
Posted: 29 Jun 2009
Richard H. Thaler and Eric J. Johnson
University of Chicago - Booth School of Business and Columbia Business School - Marketing
Downloads 1,872 (9,386)
Citation 49

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decision making, prospect theory, sunk costs, mental accounting

12.

Anomalies: Utility Maximization and Experienced Utility

Number of pages: 28 Posted: 16 Dec 2005
Daniel Kahneman and Richard H. Thaler
Princeton University and University of Chicago - Booth School of Business
Downloads 1,869 (9,418)
Citation 56

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Utility Maximization, Experienced Utility, Behavioral Economics

A Behavioral Approach to Law and Economics

50 Stanford Law Rev. 1471 (1998)
Number of pages: 80 Posted: 11 Jul 2013
Christine Jolls, Cass R. Sunstein and Richard H. Thaler
Yale Law School, Harvard Law School and University of Chicago - Booth School of Business
Downloads 1,686 (10,889)
Citation 18

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A Behavioral Approach to Law and Economics

Stanford Law Review, July 1998
Posted: 09 Apr 1998
Christine Jolls, Cass R. Sunstein and Richard H. Thaler
Yale Law School, Harvard Law School and University of Chicago - Booth School of Business

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A Behavioral Approach to Law and Economics

Posted: 07 Jul 1998
Christine Jolls, Cass R. Sunstein and Richard H. Thaler
Yale Law School, Harvard Law School and University of Chicago - Booth School of Business

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Can the Market Add and Subtract? Mispricing in Tech Stock Carve-Outs

Number of pages: 61 Posted: 16 Dec 2000
Owen A. Lamont and Richard H. Thaler
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 1,493 (13,194)
Citation 52

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Carve-out, mispricing, arbitrage, put-call parity, short-sale constraints

Can the Market Add and Subtract? Mispricing in Tech Stock Carve-Outs

NBER Working Paper No. w8302
Number of pages: 60 Posted: 17 May 2001 Last Revised: 22 Oct 2014
Owen A. Lamont and Richard H. Thaler
Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 96 (305,214)
Citation 1

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Can the Market Add and Subtract? Mispricing in Tech Stock Carve-Outs

Posted: 16 Jun 2003
Owen A. Lamont and Richard H. Thaler
Harvard University - Department of Economics and University of Chicago - Booth School of Business

Abstract:

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15.

Annuity Puzzles

Journal of Economic Perspectives, Fall 2011
Number of pages: 36 Posted: 14 Oct 2011
Shlomo Benartzi, Alessandro Previtero and Richard H. Thaler
University of California at Los Angeles, Indiana University - Kelley School of Business - Department of Finance and University of Chicago - Booth School of Business
Downloads 1,302 (16,671)
Citation 3

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Behavioral Finance, Household FInance, Annuity Puzzle, Inertia, Framing Effects

16.

Choice Architecture and Retirement Saving Plans

Number of pages: 52 Posted: 11 Jul 2007 Last Revised: 21 Feb 2011
Shlomo Benartzi, Ehud Peleg and Richard H. Thaler
University of California at Los Angeles, University of California, Los Angeles (UCLA) - Anderson School of Management and University of Chicago - Booth School of Business
Downloads 1,240 (17,930)
Citation 23

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Retirement saving plans, Investment decisions, Life-cycle

17.

Invest Now, Drink Later, Spend Never: The Mental Accounting of Delayed Consumption

Number of pages: 23 Posted: 17 May 2006
Eldar Shafir and Richard H. Thaler
Princeton University and University of Chicago - Booth School of Business
Downloads 1,016 (24,122)
Citation 165

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Mental Accounting, Intertemporal Choice, Consumer Behavior

18.

When Nudges are Forever: Inertia in the Swedish Premium Pension Plan

AEA Papers and Proceedings, Vol. 108 May 2018
Number of pages: 14 Posted: 17 Jan 2018 Last Revised: 27 Oct 2018
Henrik Cronqvist, Richard H. Thaler and Frank Yu
University of Miami - Department of Finance, University of Chicago - Booth School of Business and China Europe International Business School
Downloads 1,003 (24,581)
Citation 7

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behavioral economics, retirement saving, pension, nudge, default choice

19.

NBER Working Paper No. w4369
Number of pages: 32 Posted: 19 Jun 2004 Last Revised: 15 Jun 2020
Shlomo Benartzi and Richard H. Thaler
University of California at Los Angeles and University of Chicago - Booth School of Business
Downloads 931 (27,327)
Citation 52

Abstract:

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20.

The Nominal Price Puzzle

AFA 2007 Chicago Meetings Paper
Number of pages: 58 Posted: 16 Mar 2006
Kenan-Flagler Business School, UNC Chapel Hill, University of California at Los Angeles, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Chicago - Booth School of Business
Downloads 848 (31,276)
Citation 6

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nominal prices, stock splits, norms

Individual Preferences, Monetary Gambles and the Equity Premium

Number of pages: 49 Posted: 14 Oct 2003
Nicholas Barberis, Ming Huang and Richard H. Thaler
Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 732 (37,637)
Citation 2

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risk aversion, framing, loss aversion, stock market participation, equity premium

Individual Preferences, Monetary Gambles and the Equity Premium

NBER Working Paper No. w9997
Number of pages: 50 Posted: 28 Sep 2003 Last Revised: 19 Sep 2009
Nicholas Barberis, Ming Huang and Richard H. Thaler
Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 84 (332,464)

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22.
Downloads 776 ( 35,279)
Citation 27

How Much is Investor Autonomy Worth?

Number of pages: 38 Posted: 21 Dec 2001
Shlomo Benartzi and Richard H. Thaler
University of California at Los Angeles and University of Chicago - Booth School of Business
Downloads 776 (34,764)
Citation 27

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How Much is Investor Autonomy Worth?

Posted: 30 Dec 2003
Shlomo Benartzi and Richard H. Thaler
University of California at Los Angeles and University of Chicago - Booth School of Business

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23.

Should Governments Invest More in Nudging?

Harvard Public Law Working Paper No. 17-42
Number of pages: 33 Posted: 08 Jun 2017
University of California at Los Angeles, Harvard University - Business School (HBS), University of Pennsylvania - The Wharton School, Harvard Law School, University of Chicago - Booth School of Business, Google Inc., ideas42, ideas42 and Government of the United States of America - Department of Defense
Downloads 725 (38,679)
Citation 37

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nudge, nudge unit, choice architecture, behavioral science, behavioral economics, savings, pension plan, education, college enrollment, energy, electricity usage, preventive health, influenza vaccination, flu shot

24.

Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing

American Economic Review, Vol. 96, No. 4, September 2006
Number of pages: 33 Posted: 10 Jul 2006
Nicholas Barberis, Ming Huang and Richard H. Thaler
Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 702 (40,417)
Citation 51

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risk aversion, framing, loss aversion, stock market participation

25.

Who's on First: Book Review of Moneyball by Michael Lewis

Number of pages: 8 Posted: 01 Oct 2011
Richard H. Thaler and Cass R. Sunstein
University of Chicago - Booth School of Business and Harvard Law School
Downloads 621 (47,592)

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baseball, behavioral economics

26.

Financial Decision-Making in Markets and Firms: A Behavioral Perspective

NBER Working Paper No. w4777
Number of pages: 35 Posted: 01 Jul 2003 Last Revised: 27 Jul 2010
Werner F.M. DeBondt and Richard H. Thaler
DePaul University - Driehaus Center for Behavioral Finance and University of Chicago - Booth School of Business
Downloads 616 (48,108)
Citation 10

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27.

Company Stock, Market Rationality, and Legal Reform

Number of pages: 49 Posted: 09 Aug 2004
University of California at Los Angeles, University of Chicago - Booth School of Business, Vanguard and Harvard Law School
Downloads 609 (48,844)
Citation 73

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Bounded rationality, company stock, behavioral economics, employee compensation

28.

An Economic Theory of Self-Control

NBER Working Paper No. w0208
Number of pages: 48 Posted: 15 Feb 2001 Last Revised: 29 Jul 2010
Hersh Shefrin and Richard H. Thaler
Santa Clara University - Leavey School of Business and University of Chicago - Booth School of Business
Downloads 524 (59,140)
Citation 47

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29.

Helping Consumers Know Themselves

Number of pages: 11 Posted: 18 Jan 2011
Emir Kamenica, Sendhil Mullainathan and Richard H. Thaler
University of Chicago - Booth School of Business - Economics, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 483 (65,441)
Citation 2

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disclosure, regulation

30.

Standing United or Falling Divided? High Stakes Bargaining in a TV Game Show

American Economic Review, Papers and Proceedings, Vol. 105, No. 5, pp. 402-407, May 2015
Number of pages: 21 Posted: 25 Oct 2013 Last Revised: 16 May 2015
VU Amsterdam - School of Business and Economics, Vrije Universiteit Amsterdam, California Institute of Technology - Division of the Humanities and Social Sciences and University of Chicago - Booth School of Business
Downloads 432 (74,966)
Citation 2

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bargaining, negotiation, game show, natural experiment, equity theory, moral property rights, entitlements, fairness, concessions, first-mover advantage

Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift?

NBER Working Paper No. w4778
Number of pages: 45 Posted: 01 Jul 2003 Last Revised: 27 Jul 2010
Roni Michaely, Richard H. Thaler and Kent L. Womack
University of Geneva - Geneva Finance Research Institute (GFRI), University of Chicago - Booth School of Business and University of Toronto - Rotman School of Management (Deceased)
Downloads 256 (133,990)
Citation 14

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Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift?

Posted: 10 May 2000
Roni Michaely, Richard H. Thaler and Kent L. Womack
University of Geneva - Geneva Finance Research Institute (GFRI), University of Chicago - Booth School of Business and University of Toronto - Rotman School of Management (Deceased)

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32.

Window Dressing by Pension Fund Managers

NBER Working Paper No. w3617
Number of pages: 15 Posted: 08 Jan 2008
University of Illinois at Urbana-Champaign, Harvard University - Department of Economics, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 218 (156,639)
Citation 10

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33.

Investor Sentiment and the Closed-End Fund Puzzle

NBER Working Paper No. w3465
Number of pages: 51 Posted: 27 Jun 2007 Last Revised: 28 Dec 2011
Charles Lee, Andrei Shleifer and Richard H. Thaler
Cornell University - Department of Policy Analysis and Management, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 194 (174,719)
Citation 16

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34.

Economía del comportamiento: pasado, presente y futuro (Behavioral Economics: Past, Present, and Future)

Revista de Economía Institucional, Vol. 20, No. 38, 2018
Number of pages: 35 Posted: 25 Apr 2018
Richard H. Thaler
University of Chicago - Booth School of Business
Downloads 157 (210,131)
Citation 1

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behavioral economics, human behavior, normative models, descriptive models, supposedly irrelevant factors

35.

Overconfidence vs. Market Efficiency in the National Football League

NBER Working Paper No. w11270
Number of pages: 63 Posted: 31 May 2005
Cade Massey and Richard H. Thaler
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 138 (233,343)

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36.

Nominal Share Price Puzzle

Journal of Economic Perspectives, Vol. 23, No. 2, pp. 121-42, Spring 2009
Number of pages: 22 Posted: 27 Apr 2010
Kenan-Flagler Business School, UNC Chapel Hill, University of Geneva - Geneva Finance Research Institute (GFRI), University of Chicago - Booth School of Business and University of California at Los Angeles
Downloads 132 (241,692)
Citation 5

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nominal prices, stock splits, norms

37.

Public Policy Toward Life Saving: Maximize Lives Saved vs. Consumer Sovereignty

NBER Working Paper No. w0419
Number of pages: 48 Posted: 28 Jun 2004 Last Revised: 26 Aug 2010
William Gould and Richard H. Thaler
Independent and University of Chicago - Booth School of Business
Downloads 55 (413,132)

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38.

Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving

Posted: 26 Jan 2004
Shlomo Benartzi and Richard H. Thaler
University of California at Los Angeles and University of Chicago - Booth School of Business

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Other Papers (1)

Total Downloads: 148
1.

The Loser's Curse: Overconfidence vs. Market Efficiency in the National Football League Draft - Electronic Appendix

Number of pages: 14 Posted: 05 Apr 2010 Last Revised: 16 Aug 2012
Cade Massey and Richard H. Thaler
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 148

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