Professor Richard Thaler

Who is Professor Richard Thaler?
Richard Thaler full name is Richard H. Thaler is an American economist. He is one of the founders of the field of behavioral finance, studying how the limits of thought and reason can affect financial markets. Mr. Thaler developed a theory of "mental accounting", or limited rational thinking in which people often simplify financial decisions by dividing their money into imaginary accounts in his head and focused on limiting the impact of each single decision, rather than taking into account the overall impact on the entire sum.
He also demonstrated that the fear of losing Cool will make us consider things more valuable when we have them, than when we don't have them. This is the phenomenon known as the "endowment effect".
In 2017, he was honored with the Nobel Prize in economics for his "contributions that bridged the gap between economics and economics. psychological analysis involved in making individual financial decisions.His empirical findings and theories have helped build a new, and ever-growing field of research. , in behavioral economics, which has had a profound influence on many areas of economic and policy research," the Nobel Committee said in a statement (Royal Swedish Academy of Sciences. Immediately after receiving the Nobel Prize, Mr. Thaler wittily replied "I will try to spend them in the most irrational way possible".
Thaler is also the founder of a wealth management company. Fuller & Thaler Asset Management : Paradoxes and contradictions often of economic life. Princeton: Princeton University Press. ISBN 0-691-01934-7.

Thaler, Richard H. 1993. Advances in Behavioral Finance. New York: The Russell Sage Foundation. ISBN 0-87154-844-5.

Thaler, Richard H. 1994. Economics are roughly equivalent. New York: The Russell Sage Foundation. ISBN 0-87154-847-X.

Thaler, Richard H. 2005. Advances in Behavioral Finance, Volume II (Behavioral Economics Roundtables). Princeton: Princeton University Press. ISBN 0-691-12175-3.

Thaler, Richard H. and Cass Sunstein. 2009 (updated version). Nudge: Improve decisions about Health, Wealth and Happiness. New York: Penguin. ISBN 0-14-311526-X.

Thaler, Richard H. 2015. Doesn't Work : The Generation of Behavioral Economy. New York: WW Norton & Company. ISBN 978-0-393-08094-0.

Richard Thaler was born into a family with a tradition of studious, his mother is Roslyn (Melnikoff) - a teacher, and his father is Alan M. Thaler - a math expert. His family is Jewish. He is married to France Leclerc, a former marketing professor. He has 3 children.

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When was Professor Richard Thaler born?
Richard Thaler birthday 12-9-1945 (at the age of 79).
Where is Professor Richard Thaler's birth place, what is Zodiac/Chinese Zodiac?
Richard Thaler was born in New Jersey, of United States. Mr working and living in Illinois, of United States. Mr, whose Zodiac is Virgo, and who Chinese Zodiac is The Rooster. Richard Thaler's global rank is 60609 and whose rank is 8 in list of famous Professor.

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