Richard H. Thaler
| Richard Thaler | |
|---|---|
Thaler in 2015
|
|
| Born |
September 12, 1945 East Orange, New Jersey, United States |
| Education |
Case Western Reserve University (BA) University of Rochester (MA, PhD) |
| Awards | Nobel Memorial Prize in Economic Sciences (2017) |
| Scientific career | |
| Fields | Behavioral finance |
| Institutions |
Graduate 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) |
| Thesis | The Value of Saving a Life: A Market Estimate (1974) |
| Doctoral advisor | Sherwin Rosen |
| Influences |
Daniel Kahneman Herbert A. Simon |
| Influenced | George Loewenstein |
Richard H. Thaler (/ˈθeɪlər/; 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.
He is perhaps best known as a theorist in behavioral finance, and for his collaboration with Daniel Kahneman and others in further defining that field. In 2017, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. When discussing its selection of Thaler to receive the Nobel Prize, the Royal Swedish Academy of Sciences reasoned 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."
Thaler was born in East Orange, New Jersey. His mother, Roslyn (Melnikoff), was a teacher, and his father, Alan M. Thaler, was an actuary at the Prudential Financial in Newark, New Jersey, and was born in Toronto. His family is Jewish, and he grew up with two younger brothers. He is married to France Leclerc, a former marketing professor. He has three children from his first marriage.
He graduated from Newark Academy, before going on to the receive his Bachelor of Arts in 1967 from Case Western Reserve University, and his master's in 1970 and doctorate in 1974 from the University of Rochester, writing his thesis on "The Value of Saving A Life: A Market Estimate" under the supervision of Sherwin Rosen.
...
Wikipedia