Richard Thaler (Nobel Prize 2017)

Some Lesser Known Facts About Richard Thaler

• Does Richard Thaler smoke?: Not Known

• Does Richard Thaler drink alcohol?: Not Known

• He is the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics at University of Chicago Booth School of Business.

• For publishing a regular column in the Journal of Economic Perspectives, named ‘Anomalies,’ from 1987 to 1990, Thaler gained some attention in the field of Economics.

• Along with Cass Sunstein, Thaler co-authored ‘Nudge: Improving Decisions About Health, Wealth, and Happiness.’ The book discusses how public and private organizations can help people make better choices in their daily lives.

• He was seen in a cameo role in the 2015 film, The Big Short, alongside Selena Gomez to explain hot-hand fallacy.

• Thaler is the founder of Fuller & Thaler Asset Management, a firm that says a group of investors will capitalize on cognitive biases such as status quo bias, loss aversion, and endowment effect.

• In October 2017, he was, for his remarkable contributions to the field of Behavioral Economics, bestowed with the prestigious Nobel Memorial Prize in Economic Sciences.