Publisher Summary This chapter provides a selective review of recent work in behavioral
finance. Modern finance assumes that the study of substantively rational solutions to …

Winner of the Nobel Prize in Economics Get ready to change the way you think about
economics. Nobel laureate Richard H. Thaler has spent his career studying the radical …

In the beginning there were stories. People think in stories, or at least I do. My research in
the field now known as behavioral economics started from real life stories I observed while I …

In recent years there has been growing interest in the mixture of psychology and economics
that has come to be known as “behavioral economics.” As is true with many seemingly …

Abstract Last New Year's day, after a long evening of rooting the right team to victory in the
Orange Bowl, I was lucky enough to win 300inacollegefootballbettingpool.Ithenturnedtotheimportantmatterofsplurgingt …

Now available: Nudge: The Final Edition The original edition of the multimillion-copy New
York Times bestseller by the winner of the Nobel Prize in Economics, Richard H. Thaler, and …

The concept of self-control is incorporated in a theory of individual intertemporal choice by
modeling the individual as an organization. The individual at a point in time is assumed to …

Winner of the Nobel Memorial Prize in Economic Sciences Richard Thaler challenges the
received economic wisdom by revealing many of the paradoxes that abound even in the …

Many observers of the current economic scene are concerned about the low rate of personal
saving in the United States. One well-known researcher, Laurence Kotlikoff (1992), calls the …

Mental accounting is the set of cognitive operations used by individuals and households to
organize, evaluate, and keep track of financial activities. Making use of research on this topic …