Richard Thaler

Richard H. Thaler (/ˈθlər/;[1] born September 12, 1945) is an American economist and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2015, Thaler was president of the American Economic Association.[2]

Richard Thaler
Born (1945-09-12) September 12, 1945 (age 76)
EducationCase Western Reserve University (BA)
University of Rochester (MA, PhD)
Spouse(s)France Leclerc
Children3
AwardsNobel Memorial Prize in Economic Sciences (2017)
Scientific career
FieldsBehavioral economics, Behavioral finance, Nudge theory
InstitutionsGraduate School of Management at the University of Rochester (1974–1978)
Johnson School of Management at Cornell University (1978–1995)
Booth School of Business at the University of Chicago (1995–present)
ThesisThe Value of Saving a Life: A Market Estimate (1974)
Doctoral advisorSherwin Rosen
InfluencesDaniel Kahneman
Herbert A. Simon
InfluencedGeorge Loewenstein

Thaler is a theorist in behavioral economics who has collaborated with Daniel Kahneman, Amos Tversky, and others in further defining that field. In 2018, he was elected a member in the National Academy of Sciences.

In 2017, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics.[3] In its Nobel prize announcement, the Royal Swedish Academy of Sciences stated that his "contributions have built a bridge between the economic and psychological analyses of individual decision-making. His empirical findings and theoretical insights have been instrumental in creating the new and rapidly expanding field of behavioral economics."[4]