Richard Thaler and the Rise of Behavioral Economics
34 Pages Posted: 7 Feb 2018 Last revised: 2 Aug 2019
Date Written: April 22, 2018
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: Suggested Citation