Richard Thaler and the Rise of Behavioral Economics

34 Pages Posted: 7 Feb 2018 Last revised: 2 Aug 2019

See all articles by Nicholas Barberis

Nicholas Barberis

National Bureau of Economic Research (NBER); Yale School of Management

Multiple version iconThere are 2 versions of this paper

Date Written: April 22, 2018

Abstract

Richard Thaler was awarded the 2017 Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. In this article, I review and discuss these contributions.

Keywords: endowment effect, prospect theory, mental accounting, nudge

JEL Classification: B2, D9, G1

Suggested Citation

Barberis, Nicholas and Barberis, Nicholas, Richard Thaler and the Rise of Behavioral Economics (April 22, 2018). Yale ICF Working Paper No. 2018-03, Available at SSRN: https://ssrn.com/abstract=3111475 or http://dx.doi.org/10.2139/ssrn.3111475

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