Thaler
Richard H. Thaler
Behavioral economist of choice, markets, and policy design
Official Source Note
Chicago Booth identifies Thaler as Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics Emeritus and notes his 2017 Nobel Memorial Prize for contributions to behavioral economics.
Thaler is included because his work gives law-and-economics readers tools for analyzing defaults, mental accounting, endowment effects, consumer choice, savings behavior, and behaviorally informed policy design.
Relevance to the Archive
Thaler gives legal readers a disciplined vocabulary for nudges, defaults, mental accounting, endowment effects, and behavioral finance in corporate, securities, and consumer-finance settings.
Representative Contributions
- The Winner's Curse (1992)
- A Behavioral Approach to Law and Economics (with Christine Jolls and Cass Sunstein, 1998)
- Nudge (with Cass Sunstein, 2008)
Works Included Here
1991
Advanced
Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias
Daniel Kahneman, Jack L. Knetsch, and Richard H. Thaler
Journal of Economic Perspectives
1998
Advanced
A Behavioral Approach to Law and Economics
Christine Jolls, Cass R. Sunstein, and Richard H. Thaler
Stanford Law Review
2004
Advanced
Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving
Richard H. Thaler and Shlomo Benartzi
Journal of Political Economy