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
Vrijeme pridruživanja: kolovoz 2011.

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  1. 4. velj
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  2. 4. velj

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

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  3. 3. velj
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    3. velj

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

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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

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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.

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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. :)

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  8. 27. sij

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

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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

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  10. 26. sij

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

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  11. 22. sij
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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.

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    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
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  14. 21. sij
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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.

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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:

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    19. sij
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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!

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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

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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?

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