My former colleague, Richard Thaler, at the University of Rochester has won the Nobel Prize in Economics this morning.
I’ll be writing my regular bio for The Wall Street Journal today, which we’ll post here when complete.
Oct 9 2017
A nice quote on pessimistic bias during the reign of King James I from Hume's History of England:Every session of parliament, during this reign, we meet with grievous lamentations concerning the decay of trade and the growth of popery: Such violent propensity have men to complain of the present times, and to enterta...
Oct 9 2017
On our sister website, the Online Library of Law and Liberty, I've reviewed a very bad book, "Re-thinking Capitalism" edited by Michael Jacobs and Mariana Mazzucato. Here's the key-bit: Rethinking Capitalism is but the latest example of a notable stream of literature blaming capitalism for not accommodating the desires...
Oct 9 2017
My former colleague, Richard Thaler, at the University of Rochester has won the Nobel Prize in Economics this morning. I'll be writing my regular bio for The Wall Street Journal today, which we'll post here when complete.
READER COMMENTS
Alan Goldhammer
Oct 9 2017 at 8:31am
David Henderson wrote:
I presume this did not require a “nudge.”
Roger Levy
Oct 9 2017 at 2:58pm
Congratulations to Richard Thaler. I had the chance to work with him at Xerox during the summer of 1968 and work on an early corporate application of behavioral economics in their feature-value model. Those lessons were applied often in value of service and choice models developed during my consulting career.
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