Richard Thaler, who teaches at the University of Chicago Booth School of Business, was awarded the 2017 Nobel Memorial Prize in Economic Sciences for his research into how human behavior affects financial decision making and how that insight can be used in public policies, such as the efficacy of automatically enrolling employees in a 401(k) plan with default savings rates. That makes two Nobel Prize-winning professors from the University of Chicago in five years.
Harvard Law School Professor Cass Sunstein wrote about his longtime colleague in the Bloomberg article “Thaler Changed My Life (and Everybody Else’s).”
For a debate between Professor Thaler and Professor Eugene Fama, who won the Nobel Memorial Prize in Economic Sciences in 2013, listen to the Chicago Booth Review’s “Are Markets Efficient?”
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