Richard Thaler

Out of 42 top economists, only 1 believes the GOP tax bills would help the economy

But all of them think it will increase the debt.<p>The University of Chicago’s Booth School of Business runs an ongoing survey of top economists spanning a wide number of specialties and political outlooks. The panel includes multiple Nobel Prize winners, White House veterans, and former presidents of …

Economics

Rahul Gandhi’s elevation as Congress president: Why CWC decision matters in a Modi-dominated India

Rahul Gandhi's coronation as the Congress president was always just a matter of time. Everyone knew it was all but inevitable. And yet, the immediate …

India

Demonetisation rollout 'deeply flawed', Rs 2,000 notes launch puzzling, says Nobel laureate Richard Thaler

Nobel laureate economist Richard Thaler has clarified that demonetisation of high value currencies <i>per se</i> is a good move, but the way it was done by …

India

Turkey to use ‘behavioral economics’ in policymaking

ANKARA – Anadolu Agency<p>Turkey launched on Nov. 20 its first behavioral economics project, “Nudge Turkey,” which aims to use psychology in the …

Turkey

What Would A Child-Friendly Budget Look Like?

For all the inevitable speculation about how the upcoming Budget could affect retirees or first-time buyers, there is one group that may well get …

Matched

Dear Nobel Winners, Mr. Trump Has All the Brains He Needs

Presidents Bill Clinton, George W. Bush and Barack Obama invited America’s Nobel Prize winners to the White House most years, to celebrate their achievements and thank them for their discoveries. This year, the American winners of Nobels in physics, chemistry, economics and physiology were lauded …

Opinion

Economics gets out more often | VOX, CEPR’s Policy Portal

The 2017 Nobel in Memorial Prize Economic Sciences, awarded to University of Chicago’s Richard Thaler, has given behavioural economics well-deserved …

Research

Is Behavioral Economics Good Economics?

By: Frank Shostak <br>Recently, a relatively new economics called Behavioral Economics (BE) has started to gain popularity. Its practitioners such as …

Conservative View

The Elephant In The Room: How The Financial Industry's Shunning Of Emotions Fails Its Clients

I don’t think professor Richard Thaler is going to return my calls anymore. Sure, he was gracious enough to give me an interview after his most recent book, <i>Misbehaving</i>, a surprisingly readable history of the field of behavioral economics, was published. But now that he’s won a Nobel Prize, …

Behavior

GE: Buy, Sell Or Hold? Research Regarding Outcomes Of Dividend Reductions

The dividend cut came as no surprise to well-informed investors.<p>Nonetheless, the rapid downward spiral of the shares seems overdone.<p>Research provides …

Stocks

Mind the gap: Economics is catching up to the fact that we’re not always rational

Do Tube strikes make Londoners better off?<p>At first sight, the question is simply absurd. The answer is surely “no”.<p>But a paper in the Quarterly …

Behavioral Economics

Donald Trump to break with tradition and not meet Nobel Prize winners

US President Donald Trump is breaking precedent once again by not meeting with America's Nobel prize winners.<p>The eight US laureates have not been …

Donald Trump

Trump, breaking with tradition, will not meet with American Nobel recipients

Exclusive<p>Trump, breaking with precedent, will not meet with American Nobel recipients<p>W<p>ASHINGTON — President Trump, breaking a tradition that …

Barack Obama

Teamwork: The Hidden Ingredient In Trading Success

<b>Editor’s Note: This post is co-authored by Ted Hayes Ph.D., an adjunct professor at George Washington University.</b><p>As we approach the tenth anniversary of the great financial crisis of 2008, it’s instructive to look back and appreciate how the world of finance has changed. One of the differences …

Management

Conservatives are more susceptible to believing lies — but not because they're stupid

• <b>The right wing's disregard for facts and reasoning is not a matter of stupidity or lack of education.</b>• <b><br>At the most basic level, conservatives and liberals seem to hold different beliefs about what constitutes "truth."</b>• <b><br>For many conservatives, faith and intuition and trust in revealed truth appear as</b> …

Psychology

Why a Nobel Prize winner's 'single best quality' may be that he's lazy

U.S. economist Richard Thaler has an impressive resume. The "father of behavioral economics" received his master's in 1970 and Ph.D. in 1974, …

Nobel Prize

Why economists need Tolstoy

“Value investing” has lately become a whipping boy. Based on a formulaic way (low price to earnings) of classifying “value” stocks, pundits have decided the strategy is wanting. What I find wanting is the robotic, one-<br>dimensional definition. Done properly, value investing is not a prescription but …

Long-form Journalism

The Agile Scaleup

<i>"...insights for scaleups"</i><p><b>HEADLINES:</b><p><b>Designing with Nature -- join me and 40 CEOs/CXOs for five days in the Republic of Panama, along with a world</b> …

Panama City

The Best Resources For Learning About “Nudges” In Schools

There’s been a renewed interest in the use of “nudges” for education in light of Richard Thaler winning the Nobel Prize last month for his work on …

Behavior

This is what income inequality means for your 401(k) - MarketWatch

It isn’t rocket science, but it’s still depressing: the lower the income, the less likely the worker will save in a 401(k) plan.<p>Experts generally …

Retirement

Bruce Springsteen On Broadway Comes With An Economics Lesson

The hottest ticket on Broadway is for a one-of-a-kind, one-man-show. For a limited time, Bruce Springsteen is playing songs and telling stories in a 960-seat theatre. And those lucky fans are now learning a valuable, Nobel Prize Winning economics lesson. Something called: The Endowment Effect.

News (U.S.)

How should I invest my inheritance money?

<i>What are the best ways for 20-somethings to invest inheritance money? -- Jason</i><p>Staring at a new big balance in your bank account can be exciting. It can also freak you out.<p>On one hand, an inheritance could open up new financial opportunities: paying off your student debt once and for all, buying a …

Money

How Can I Do the Most Social Good With $100? And Other FREAK-quently Asked Questions

If you want to help the world as much as possible through an investment of $100, how should you allocate that $100? (Photo: Ervins Strauhmanis/Flickr)<p>…

Navigating A Sea Of Investing Information

The amount of information that we’re exposed to now in the course of a day is as much as somebody from 15th Century was exposed to in their entire lifetime.<p>- Rick Smolan, <i>The Human Face of Big Data</i><p>Engaged investors – those of us who are interested in managing a portfolio on our own or in partnership …

Warren Buffett

How Richard Thaler's theories can help investors

Finance

Michael Lewis: Many Trump Appointees Are Uninterested In The Agencies They Head Up

The <i>Moneyball</i> author is writing a series of articles for <i>Vanity Fair</i> about President Trump's picks to lead federal agencies — and the consequences of those appointments.<p>Transcript<p>TERRY GROSS, HOST:<p>This is FRESH AIR. I'm Terry Gross. You might know our guest, journalist Michael Lewis, from some of his …

News (U.S.)

Don’t Nudge Me: The Limits of Behavioral Economics in Medicine

Whenever I talk to physicians about outcomes that are worse than you’d expect, they are quick to point out that noncompliance — when a patient does not follow a course of treatment — is a major problem.<p>Sometimes prescriptions aren’t filled. Other times they are, but patients don’t take the drugs as …

Business

The iPhone X-factor: Don't buy a phone you don't need

Washington - Pop quiz: Which comes in more flavors, Baskin Robbins ice cream or the iPhone?It's the iPhone, by almost double. There's a hype around …

Phones

HealthEquity up 6% on positive commentary from Nobel laureate Thaler

• HealthEquity (HQY +6.2%) clears a short base on more than double normal in apparent response to a November 4th piece in the New York Times by …

Stock Markets

Maybe the ASX hitting 6000 shouldn't matter, but the market just showed that it does

Can’t get through the hurdle. Glyn Kirk / AFP / Getty Images.<p>The benchmark ASX2000 popped through 6000 points this morning shortly after 11am …

ASX