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Old 10-09-2017, 11:22 AM
 
Location: Paranoid State
12,672 posts, read 9,420,097 times
Reputation: 14922

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A big congratulations to Professor Richard Thaler of the University of Chicago Booth School of Business for winning the 2017 Nobel Prize in Economics



Quote:
To: Alumni, Parents, and Friends
From: President Robert J. Zimmer
Subject: Professor Richard Thaler Awarded Nobel in Economics
Date: October 9, 2017


I am pleased to share the news that this morning, Richard Thaler, the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business, was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2017. Richard's original, broadly influential, and paradigm-defining work has richly earned this recognition.


In announcing the award, the Royal Swedish Academy of Sciences cited Richard's historic role in building the field of behavioral economics, noting that his "contributions have built a bridge between the economic and psychological analyses of individual decision-making." Richard's work has challenged classical ideas about what motivates the behavior of individuals in the economy, and forged new understanding of behavior in domains ranging from household finances to issues of national policy. His books include Misbehaving: The Making of Behavioral Economics (2015) and Nudge: Improving Decisions About Health, Wealth and Happiness (2008), which explored how the concepts of behavioral economics could be used to address major societal problems and influence public policy.


We invite everyone in the University of Chicago community to join us by webcast or in person this morning for a University-wide recognition of this award. The event will take place at 11 a.m. CDT in the Winter Garden of Chicago Booth's Charles M. Harper Center, at 5807 South Woodlawn Avenue. We look forward to celebrating Richard's work and his place in the distinguished legacy of eminent economics research at the University of Chicago.
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Old 10-09-2017, 11:32 AM
 
4,328 posts, read 4,425,337 times
Reputation: 3308
Behavioral Economics! Good to see some social scientists getting some love.
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Old 10-09-2017, 01:45 PM
 
Location: Paranoid State
12,672 posts, read 9,420,097 times
Reputation: 14922
I particularly like his response: "I'll spend the Nobel Prize money in the most irrational way possible."
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Old 10-09-2017, 04:24 PM
 
Location: Sandpoint, Idaho
2,880 posts, read 5,070,237 times
Reputation: 3020
much respect to the U of C.
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Old 10-09-2017, 06:52 PM
 
Location: Westwood, MA
3,446 posts, read 4,348,222 times
Reputation: 4431
My wife almost went to grad school there. Lucky for me she didn't.
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Old 10-14-2017, 07:35 AM
 
3,962 posts, read 1,590,532 times
Reputation: 12375
His thesis? People make irrational decisions with their money. Damn. I've been saying that for a long, long time. How come I'm not getting a Nobel Prize?
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