A brief historical digression on Thaler’s contentious fight to get his ideas accepted by mainstream economists.
Another Nobel Surprise for Economics
By: Robert Shiller – Yale University
Another Nobel Surprise for Economics
By: Robert Shiller – Yale University
Is nudging ethical? If the effects generated by nudging are large why doesn’t the market provide for them?
The 2017 Nobel: Richard Thaler
By: Kevin Bryan – University of Toronto
The 2017 Nobel: Richard Thaler
By: Kevin Bryan – University of Toronto
Noah Smith responds to Kevin Bryan’s criticisms.
Defending Thaler from the guerrilla resistance
By: Noah Smith – Stony Brook University
Is the assumption of imperfect rationality more important for macroeconomics or finance?
Rationality and rabbit holes
By: Paul Krugman – CUNY
Rationality and rabbit holes
By: Paul Krugman – CUNY
Behavioral economics as “useful knowledge” we should leave room for?
Congratulations to Dick Thaler on Winning the Nobel Prize!
By: Paul Romer – World Bank
Congratulations to Dick Thaler on Winning the Nobel Prize!
By: Paul Romer – World Bank
Maybe something more…
Thaler: It’s not going to be like the Copernican Revolution, where having the Earth in the middle was clearly wrong, and having the Sun in the middle was right. It’s going to be more like engineering. Physics, in its pure form with lots of assumptions, doesn’t build good bridges. You need engineering. That’s what the behavioral approach to economics is.
Hat tip to Kaushik Basu for the picture
