Read These Five Papers to Understand Thaler’s Nobel-Winning Work

Read These Five Papers to Understand Thaler’s Nobel-Winning Work
People act irrationally, a fact economists long ignored. Richard Thaler, winner of the 2017 Nobel prize in economics, has made a career of fixing that oversight.In research that’s typically quirky, often funny, infused with pop-culture and written for a lay audience, Thaler of the University of Chicago has made the case that human decisions are shaped by social context, expectation and temptation -- not cold rationality.Here, we run down some of his greatest hits, a body of work that