Richard H Thaler

@R_Thaler

Professor of Behavioral Science and Economics, , Co-author of Nudge, author of Misbehaving. I strive to seek and destroy .

Chicago
faculty.chicagobooth.edu/richard.thaler…
Vrijeme pridruživanja: kolovoz 2011.
114 fotografija ili videozapisa Fotografije i videozapisi

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  1. 4. velj

    Remembering those days.

    Teleprompter operator's computer, a few minutes before Obama's speech, caucus night 2008.
    4 proslijeđena tweeta 39 korisnika označava da im se sviđa
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  2. 4. velj

    Rule of thumb. Before you launch a new web site: test it. And the back-up system. .

    Iowa is the clear loser of the Iowa caucus
    7 proslijeđenih tweetova 78 korisnika označava da im se sviđa
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  3. 3. velj

    Please send to anyone in Iowa.

    The theory that Bernie is a good bet to win the presidency has been tested several times since 2016. It's failed every one. But the Bernie movement has invested too much in the man to give up.
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    12 replies 5 proslijeđenih tweetova 50 korisnika označava da im se sviđa
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  4. proslijedio/la je Tweet
    3. velj

    Manchin calls for a censure of Trump, saying he believes "a bipartisan majority would vote to censure."

    131 reply 202 proslijeđena tweeta 915 korisnika označava da im se sviđa
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  5. 3. velj

    I tell my students that a good rule of thumb in business is not to do anything that you would not like to see published in Good example here from

    Insane that it took a ⁦⁩ editorial to get an apology here. For a month no one ⁦⁩ cared about how horrible the story was at the local level - or on social media. Banks don’t care about low income customers or front line staff.
    8 replies 48 proslijeđenih tweetova 226 korisnika označava da im se sviđa
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  6. 31. sij

    One of the many surreal aspects of getting that phone call from Sweden at 4am, especially for an economist, is you do an interview with someone named Adam Smith! Fortunately, I had met Adam earlier or I would have thought this was a hoax. We chat again here. Good fun.

    A new Nobel Prize podcast has been launched! Starting today, the biweekly series gives the listener a chance to get to know some of the individuals awarded the Prize in Economic Sciences. Check out the first episode with behavioural economist :
    6 replies 32 proslijeđena tweeta 195 korisnika označava da im se sviđa
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  7. 30. sij

    One reason why it is hard to do a horserace between and prediction markets. We could get to full circularity if Nate incorporated prediction markets into his model. :)

    Causal identification of 's impact on prediction markets: - Nate Silver updates model to reflect previous error: - Prediction markets incorporate new forecast. They had previously mispriced the model error. h/t
    1 reply 2 proslijeđena tweeta 31 korisnik označava da mu se sviđa
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  8. 27. sij

    I hereby nominate for a award in the category of unsubscribing. cc

    Odgovor korisnicima @R_Thaler @PayPal
    In order to cancel: (1) No 800 number (2) Wait time to speak to rep (online) is often hours. (3) You have to individually cancel every “billing agreement.” That will take you four or five clicks and several page reloads for each one. This could take an hour or more.
    7 proslijeđenih tweetova 47 korisnika označava da im se sviđa
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    26. sij

    You can’t pick your doctor in the ER. But your doctor can pick you. Two implications: 1) A lot of "practice variation" may be *preference* variation 2) Don't assume "as-if-random assignment" to docs Thread on a new, short paper

    16 replies 109 proslijeđenih tweetova 379 korisnika označava da im se sviđa
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  10. 26. sij

    Just take option 1 and quit when you don’t show up in month 3.

    One of the most interesting/perplexing pricing schemes I’ve ever seen. 4 ways of paying for the exact same product.
    9 replies 13 proslijeđenih tweetova 107 korisnika označava da im se sviđa
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  11. 22. sij

    Terrible business model.

    I bought my first Sonos equipment 13 years ago. I *adore* Sonos. Helped convince friends to go work there. Recommended countless people buy their speakers. I've spent more on Sonos gear than any other consumer electronics company. Regretting all of that now.
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    7 replies 4 proslijeđena tweeta 48 korisnika označava da im se sviđa
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  12. 21. sij

    This is a great opportunity for anyone interested in the intersection of psychology, economics and/or finance. Come hang out with all of us at Booth including and others too busy to be on twitter.

    Fellowship Announcement: Apply today for a post-doctoral research position at the intersection of psychology, economics and finance with the CDR. Learn more:
    43 proslijeđena tweeta 98 korisnika označava da im se sviđa
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  13. proslijedio/la je Tweet
    21. sij

    Fellowship Announcement: Apply today for a post-doctoral research position at the intersection of psychology, economics and finance with the CDR. Learn more:

    , , i još njih 5
    23 proslijeđena tweeta 27 korisnika označava da im se sviđa
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  14. 21. sij

    Thread.

    I bought a new phone this week. I thought I would tweet about how ridiculous it is to buy AppleCare. Price of 64g iPhone 11 Pro: $999 Price of full coverage (including theft/loss): $299 Yikes - the insurance coverage is nearly 1/3 the price of the phone!!
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    10 proslijeđenih tweetova 52 korisnika označavaju da im se sviđa
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  15. 20. sij

    David, if you are going to trash your employer, why don't you join me in nudging them to allow people to quit their subscriptions without the of having to call or email and hear their pitch. Guessing their guess is like Keynes beauty contest. My guess: Warren.

    My colleagues on the edit board are making their endorsement process public right now on FX. Obviously it will be Marianne Williamson but how will they get there? @TheWeeklyNYT.
    6 proslijeđenih tweetova 52 korisnika označavaju da im se sviđa
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  16. 19. sij

    People are saying a lot of silly things on twitter about risk. Some advice: 1. Don't buy extended warranties. 2. Take the biggest deductible you can afford to pay without borrowing. 3. Read my funniest article jokes by Matthew Rabin:

    9 replies 67 proslijeđenih tweetova 293 korisnika označavaju da im se sviđa
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    19. sij

    This is really clever and commendable.

    this is excellent. kudos to the anonymous internet person who posted it and the facility implementing it.
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    39 replies 941 proslijeđeni tweet 5.112 korisnika označava da im se sviđa
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  18. 18. sij

    thx Tren. Thorp is one of my heroes. But he would never turn down a win $110 lose $100 bet. Here is rule that you quote: "The optimal thing to do, if you want to get rich, is to bet 5% of your wealth on each toss — but never more." Is your wealth is more than $2000? I hope so!

    Odgovor korisniku/ci @R_Thaler
    Ed Thorp: "Kelly Criterion tells you how to allocate money among the choices available, and how much to invest as your edge increases and the risk decreases. It also avoids over-betting." "A 1/2 Kelly is about 3/4ths the return with 1/2 the volatility."
    4 proslijeđena tweeta 37 korisnika označava da im se sviđa
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  19. 18. sij

    Ha! Finance is all about risk. And the Kelly criterion is supposedly about "ruin" but probably more about mental accounting (losing your "stake" not your wealth). People pay $250 to reduce a deductible by $200 and choose dominated insurance policies. Rational? ask

    Concept of "risk" hasn't yet penetrated economics. hasn't heard of the Kelly criterion.
    12 replies 19 proslijeđenih tweetova 82 korisnika označavaju da im se sviđa
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  20. 17. sij

    Or, run the mile to our place in under 4 minutes, do 300 sit-ups, ... why require sludge to just quit?

    Odgovor korisnicima @RobertFrickNFCU @R_Thaler
    Hi, Robert. We never want our cancellation process to pose our members any discomfort. We want it to be as smooth a process as possible. If you would rather not cancel in person, you can cancel by sending your home club a certified letter requesting cancellation! - Christian
    6 replies 7 proslijeđenih tweetova 78 korisnika označava da im se sviđa
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