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This looks to be a bunch of discussion around receiving the Nobel prize. Any pointers to where to find the information/studies that won him the prize. What peo

by howeyc 8y ago

This looks to be a bunch of discussion around receiving the Nobel prize. Any pointers to where to find the information/studies that won him the prize. What people should/shouldn't be doing when making financial decisions. For instance, there was a reference to the fact that people "should ignore sunk costs" but don't. What are some other things to watch out for, and the reasons to do so?

ghaff 8y ago
Thaler has written a couple of books. Nudge (with Cass Sunstein) focuses on how the "right" decisions can be "nudged" by setting up appropriate decision frameworks. Misbehaving is more of a personal history of how he got to behavioral decision theory. I particularly enjoyed that because I had a couple classes with him when he was working on these ideas early on.
frgtpsswrdlame 8y ago
Here's the lecture he's gave for the Nobel: https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2017/thaler-lecture.html https://www.nobelprize.org/nobel_prizes/economic-sciences/la... If you're looking for information on nudges, check this: http://economicspsychologypolicy.blogspot.com/2013/08/nudge-database-ix.html http://economicspsychologypolicy.blogspot.com/2013/08/nudge-... It looks like they've stopped updating it but it has all sorts of economic research on nudges in it. Beware that some of this research is debated though.
- wgyn 8y ago
  There's another section of the Nobel site that provides background on the work, both a popular version and an advanced version. The advanced version amounts to a fairly substantive literature review. In general, you can find both documents for all Nobel Prizes, and the writing is very good. Popular: https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2017/popular.html https://www.nobelprize.org/nobel_prizes/economic-sciences/la... Advanced: https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2017/advanced.html https://www.nobelprize.org/nobel_prizes/economic-sciences/la...

by howeyc 8y ago

ghaff 8y ago

Thaler has written a couple of books. Nudge (with Cass Sunstein) focuses on how the "right" decisions can be "nudged" by setting up appropriate decision frameworks. Misbehaving is more of a personal history of how he got to behavioral decision theory. I particularly enjoyed that because I had a couple classes with him when he was working on these ideas early on.

frgtpsswrdlame 8y ago

Here's the lecture he's gave for the Nobel: https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2017/thaler-lecture.html https://www.nobelprize.org/nobel_prizes/economic-sciences/la... If you're looking for information on nudges, check this: http://economicspsychologypolicy.blogspot.com/2013/08/nudge-database-ix.html http://economicspsychologypolicy.blogspot.com/2013/08/nudge-... It looks like they've stopped updating it but it has all sorts of economic research on nudges in it. Beware that some of this research is debated though.

wgyn 8y ago
There's another section of the Nobel site that provides background on the work, both a popular version and an advanced version. The advanced version amounts to a fairly substantive literature review. In general, you can find both documents for all Nobel Prizes, and the writing is very good. Popular: https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2017/popular.html https://www.nobelprize.org/nobel_prizes/economic-sciences/la... Advanced: https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2017/advanced.html https://www.nobelprize.org/nobel_prizes/economic-sciences/la...