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Richard H. Thaler: Easy money or a golden pension? Integrating economics and psychology

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  • Committee, Nobel Prize

    (Nobel Prize Committee)

Abstract

The American economist Richard H. Thaler is a pioneer in behavioural economics, a research field in which insights from psychological research are applied to economic decision-making. A behavioural perspective incorporates more realistic analysis of how people think and behave when making economic decisions, providing new opportunities for designing measures and institutions that increase societal benefit.

Suggested Citation

  • Committee, Nobel Prize, 2017. "Richard H. Thaler: Easy money or a golden pension? Integrating economics and psychology," Nobel Prize in Economics documents 2017-2, Nobel Prize Committee.
    • Handle: RePEc:ris:nobelp:2017_002
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    File URL: https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2017/popular-economicsciences2017.pdf
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    Cited by:

    1. Kumar, Ajay & Paul, Justin & StarÄ ević, SlaÄ‘ana, 2021. "Do brands make consumers happy?- A masstige theory perspective," Journal of Retailing and Consumer Services, Elsevier, vol. 58(C).

    More about this item

    Keywords

    Behavioral economics;

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • G40 - Financial Economics - - Behavioral Finance - - - General

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