Richard Thaler

Richard Thaler
Richard Thaler Chatham.jpg
Born (1945-09-12) September 12, 1945 (age 72)
East Orange, New Jersey, U.S.
EducationCase Western Reserve University (BA)
University of Rochester (MA, PhD)
Spouse(s)France Leclerc
Children3
AwardsNobel Memorial Prize in Economic Sciences (2017)
Scientific career
FieldsBehavioral finance
InstitutionsGraduate School of Management at the University of Rochester (1974–1978)
Johnson School of Management at Cornell University (1978–1995)
Booth School of Business at the University of Chicago (1995–present)
ThesisThe Value of Saving a Life: A Market Estimate (1974)
Doctoral advisorSherwin Rosen
InfluencesDaniel Kahneman
Herbert A. Simon
InfluencedGeorge Loewenstein

Richard H. Thaler (ər/; born September 12, 1945) is an American economist and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2015, Thaler was president of the American Economic Association.[1]

He is a theorist in behavioral finance, and collaborated with Daniel Kahneman, Amos Tversky and others in further defining that field.

In 2017, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics.[2][3][4][5] In its Nobel prize announcement, the Royal Swedish Academy of Sciences said that his "contributions have built a bridge between the economic and psychological analyses of individual decision-making. His empirical findings and theoretical insights have been instrumental in creating the new and rapidly expanding field of behavioral economics."[6]

Personal life

Thaler was born in East Orange, New Jersey. His mother, Roslyn (Melnikoff, 1921–2008),[7] was a teacher, and later a real estate agent[8] while his father, Alan Maurice Thaler (1917–2004),[9] was an actuary at the Prudential Financial in Newark, New Jersey, and was born in Toronto.[10][11][12] He grew up with two younger brothers. His great-great grandfather, Selig Thaler (1831–1903) was from Berezhany, Ukraine.[13] He is married to France Leclerc, a former marketing professor at the University of Chicago and avid photographer. [14] He has three children from his first marriage.[15]

Other Languages
العربية: ريتشارد ثالر
беларуская: Рычард Тэйлер
čeština: Richard Thaler
español: Richard Thaler
français: Richard Thaler
한국어: 리처드 탈러
Bahasa Indonesia: Richard Thaler
italiano: Richard Thaler
македонски: Ричард Талер
Bahasa Melayu: Richard Thaler
Nederlands: Richard Thaler
oʻzbekcha/ўзбекча: Richard Thaler
ਪੰਜਾਬੀ: ਰਿਚਰਡ ਥੈਲਰ
português: Richard Thaler
română: Richard Thaler
русский: Талер, Ричард
Simple English: Richard Thaler
slovenčina: Richard Thaler
Türkçe: Richard Thaler
українська: Річард Тейлер
Tiếng Việt: Richard Thaler