Books

Misbehaving: The Story of Behavioral Economics, New York, W.W. Norton & Company, Inc, 2015

Thaler, Richard H., Sunstein, Cass R, Nudge: Improving Decisions on Health, Wealth, and Happiness. New Haven, CT: Yale University Press, 2008.

Thaler, Richard H., ed. Advances in Behavioral Finance. New York: Russell Sage Foundation, 1993.

Thaler, Richard H., ed. Advances in Behavioral Finance, Volume II. Princeton; Oxford: Princeton University Press, 2005.

The Winner's Curse: Paradoxes and Anomalies of Economic Life, Free Press, 1991 (Princeton University Press paperback, 1993).

Quasi-Rational Economics, Russell Sage Foundation, 1991.

Papers

2018

Thaler, Richard H. 2018. “From Cashews to Nudges: The Evolution of Behavioral Economics” American Economic Review (Nobel lecture).

Walker, Jesse, Jane Risen, Thomas Gilovich and Richard H. Thaler. 2018. (In press). “Sudden-death aversion: Avoiding superior options because they feel riskier.” Journal of Personality and Social Psychology.

Cronqvist, Henrik, Richard H. Thaler and Frank Yu. 2018. “When Nudges are Forever: Inertia in the Swedish Premium Pension Plan.” American Economic Association, Papers and Proceedings: 153-158.

2017 

Thaler, Richard H. 2017. “Behavioral Economics.” Journal of Political Economy: 1799-1805. 

Benartzi, Shlomo, John Beshears, Katherine L. Milkman, Cass Sunstein, Richard H. Thaler, Maya Shankar, Will Tucker, William J. Congdon and Steven Galing, 2017. “Should Governments Invest More in Nudges?” Psychological Science.

2016

Richard H. Thaler. 2016. “Behavioral Economics: Past, Present, and Future.” American Economic Review 106(7): 1577-1600. (Presidential Address)

2015

Van den Assem, Martijn J., Dennie Van Dolder, Colin Camerer and Richard H. Thaler. 2015. “Standing United or Failing Divided: High Stakes Bargaining in a TV Game Show” American Economic Review, Papers and Proceedings, 105(5): 402-407.

2014

Thaler, Richard H., Cass R. Sunstein, and John P. Balz. 2014. “Choice Architecture.” The Behavioral Foundations of Public Policy, Eldar Shafir (ed).

2013

Thaler, Richard H. and Will Tucker. 2013. “Smarter Information, Smarter Consumers.” Harvard Business Review 91(1): 44-54

Benartzi, Shlomo and Richard H. Thaler. 2013. “Behavioral Economics and the Retirement Savings Crisis.” Science 333.

Massey, B. Cade and Richard H. Thaler. 2013. “The Loser’s Curse: Decision Making and Market Efficiency in the National Football League Draft.” Management Science 59(7): 1479-1495.

2012

Van den Assem, Martijn J., Dennie van Dolder and Richard H. Thaler. 2012. “Split or Steal? Cooperative Behavior When the Stakes Are Large.” Management Science 58(1).

2011

Kaminica , Emir, Sendhil Mullainathan and Richard H. Thaler. 2011. “Helping Consumers Know Themselves.” American Economic Review Papers and Proceedings 101: 417-422.

Benartzi , Shlomo, Alessandro Previtero and Richard H. Thaler. 2011. “Annuitization Puzzles.” Journal of Economic Perspectives 25: 143-164.

2009

Weld, William C., Roni Michaely, Richard H. Thaler and Shlomo Benartzi. 2009. "The Nominal Share Price Puzzle." Journal of Economic Perspectives, American Economic Association 23(2): 121-42.

2008

Thierry Post, Martijn J. Van den Assem, Guido Baltussen and Richard H. Thaler. 2008. “Deal or No Deal? Decision Making Under Risk in a Large-Payoff Game Show.” American Economic Review 98 (1): 38-71.

Thaler, Richard H. and Cass R. Sunstein. 2008. Nudge: Improving Decisions about Health, Wealth and Happiness. Yale University Press.

2007

Benartzi , Shlomo and Richard H. Thaler. 2007. "Heuristics and Biases in Retirement Savings Behavior." Journal of Economic Perspectives, American Economic Association 21(3): 81-104.

Thaler, Richard H, Shlomo Benartzi, Stephen P. Utkus and Cass R. Sunstein. 2007. "The Law and Economics of Company Stock in 401(k) Plans," Journal of Law and Economics, 50 (1): 45-79. 

2006

Thaler, Richard H., Eldar Shafir. 2006. “Invest Now, Drink Later, Spend Never: On the Mental Accounting of Delayed Consumption.” Journal of Economic Psychology, Elsevier.

Barberis, Nicholas, Ming Huang and Richard H. Thaler. 2006. “Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing” American Economic Review 96 (4): 694-712. 

2005

Grullon , Gustavo, Roni Michaely, Shlomo Benartzi and Richard H. Thaler. 2005. "Dividend Changes Do Not Signal Changes in Future Profitability." Journal of Business, University of Chicago Press 78(5): 1659-1682.

2004

Sunstein, Cass and Richard H. Thaler. 2004. "Market Efficiency and Rationality: The Peculiar Case of Baseball" Michigan Law Review, 102 (6):1390-1403.

Cronqvist, Henrik and Richard H. Thaler. 2004. "Design Choices in Privatized Social-Security Systems: Learning from the Swedish Experience" The American Economic Review 94 (2): 424-428.

Richard H. Thaler and Shlomo Bernartzi. 2004. "Save More Tomorrow: Using Behavioral Economics in Increase Employee Savings." Journal of Political Economy 112(1): S164-S187.

2003

Sunstein, Cass and Richard H. Thaler. 2003. "Libertarian Paternalism." The American Economic Review 93 (2): 175-179.

Sunstein, Cass and Richard H. Thaler. 2003. "Libertarian Paternalism is Not an Oxymoron." University of Chicago Law Review 70 (4): 1159-1202.

Lamont, Owen and Richard H. Thaler. 2003. "Can the Stock Market Add and Subtract? Mispricing in Tech Stock Carve-Outs." Journal of Political Economy 111(2): 227-268.

Camerer, Colin and Richard H. Thaler. "In Honor of Matthew Rabin: Winner of the John Bates Clark Medal." Journal of Economic Perspectives 17(3), (2003): 159-176.

2002

Bernartzi, Shlomo and Richard H. Thaler. 2002. "How Much is Investor Autonomy Worth?" Journal of Finance 57: 1593-1616.

Knetsch, Jack, Fang-Fang Tang and Richard H. Thaler. 2002. "The Endowment Effect and Repeated Market Trials: Is the Vickrey Auction Demand Revealing?" Experimental Economics 4(3): 257-269.

2001

Thaler, Richard H. and Sendhil Mullainathan. 2001. “Behavioral Economics.” In International Encyclopedia of the Social and Behavioral Sciences, Neil Smelser and Paul Bates, Editors.

Bernartzi, Shlomo and Richard H. Thaler. 2001. "Naive Diversification in Defined Contribution Savings Plans." American Economic Review 91(1): 79-98.

2000

Thaler, Richard H. 2000. "From Homo Economicus to Homo Sapiens." Journal of Economic Perspectives 14: 133-141.

1999

Thaler, Richard H. 1999. "The End of Behavioral Finance." Financial Analysts Journal 56(6): 12-17.

Thaler, Richard H. 1999. "Mental Accounting Matters." Journal of Behavioral Decision Making 12(3): 183-206.

Bernartzi, Shlomo and Richard H. Thaler. 1999. "Risk Aversion or Myopia? Choices in Repeated Gambles and Retirement Investment." Management Science 45: 364-381.

1998

Thaler, Richard H. 1998. "Giving Markets a Human Dimension." Financial Times section Mastering Finance, June 16th, 6.

Thaler, Richard H. 1998. "Giving Markets a Human Dimension." The Complete Finance Companion.

Jolls, Christine, Cass Sunstein and Richard H. Thaler. 1998. "Theories and Tropes: A Reply to Posner and Kelman." Stanford Law Review 50: 1593-1608.

Jolls, Christine, Cass Sunstein and Richard H. Thaler. 1998. "A Behavioral Approach to Law and Economics." Stanford Law Review 50: 1471-1450.

Canina, Linda Roni Michaely, Richard H. Thaler and Kent Womack. 1998. "Caveat Compounder: A Warning about Using the CRSP Equally Weighted Index to Compute Long-Run Excess Returns." Journal of Finance 53: 403-416.

1997

Thaler, Richard H., Amos Tversky and Peter Wakker. 1997. "Probabilistic Insurance." Journal of Risk and Uncertainty 15(1): 7-28.

Bernartzi, Shlomo, Roni Michaely and Richard H. Thaler. 1997. "Do Changes in Dividends Signal the Future or the Past?" Journal of Finance 52(3): 1007-1033.

Camerer, Colin, Linda Babcock, George Loewenstein and Richard H. Thaler. 1997. "Labor Supply of New York City Cab Drivers: One Day at a Time." Quarterly Journal of Economics 112(2): 407-441.

Kahneman, Daniel, Alan Schwartz, Richard H. Thaler and Amos Tversky. 1997. "The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test." Quarterly Journal of Economics 112(2):647-661.

Thaler, Richard H. 1997. "Irving Fisher: Modern Behavioral Economist." American Economic Review 87(2):439-441.

1996

Thaler, Richard H. 1996. "Doing Economics without Homo Economicus." Exploring the Foundations of Research in Economics: How Should Economists Do Economics? Edited by Steven G. Medema and Warren J. Samuels.

1995

Thaler, Richard H. 1995. "How to Evaluate Savings Programs: Discussion of Papke, Peterson and Poterba." Papers in the Economics of Aging. Edited by David A. Wise. Chicago: University of Chicago Press.

Michaely, Roni, Richard H. Thaler and Kent Womack. 1995. "Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift?" Journal of Finance 50(2): 573-608.

Bernartzi, Shlomo and Richard H. Thaler. 1995. "Myopic Loss Aversion and the Equity Premium Puzzle." Quarterly Journal of Economics CX: 73-92.

De Bondt, Werner F.M. and Richard H. Thaler. 1995. "Financial Decision Making in Markets and Firms." Finance. Edited by R. Jarrow, V Maksimovic, and W. T. Ziemba. Elsevier-North Holland: Series of Handbooks in Operations Research and Management Science.

1994

Thaler, Richard H. and J. Peter Williamson. 1994. "College and University Endowment Funds: Why Not 100% Equities." Journal of Portfolio Management 21(1): 27-37.

Thaler, Richard H. 1994. "Psychology and Savings Policies." American Economic Review Papers and Procedings 84(2): 186-192.

1993

Chopra, N., C. Lee, Andrei Shleifer and Richard H. Thaler. 1993. "Summing Up." Journal of Finance 48:811-812.

Chopra, N., C. Lee, Andrei Shleifer and Richard H. Thaler. 1993. "Yes, Discounts on Closed-End Funds Are a Sentiment Index."Journal of Finance 48: 801-808.

1992

Thaler, Richard H. 1992. "Saving and Mental Accounting." Choices over Time, George Loewenstein and Jon Elster. New York: Russell Sage Foundation.

Thaler, Richard H. 1992. "How to Get Real People to Save." Personal Savings, Consumption, and Tax Policy. Edited by Marvin Kosters, Washington D.C., American Enterprise Institute.

Kahneman, Daniel, Jack Knetsch and Richard H. Thaler. 1992. "Experimental Tests of the Endowment Effect and the Coase Theorem" Recent Developments in Experimental Economics. Edited by John Hey and Graham Loomes. 

1991

Lakonishok, Josef, Andrei Schleifer, Richard H. Thaler and Robert Vishny. 1991. "Window Dressing by Pension Fund Managers." American Economic Review 81: 227-231.

Kahneman, Daniel and Richard H. Thaler. 1991. "Economic Analysis and the Psychology of Utility: Applications to Compensation Policy." American Economic Review 81: 341-346.

Lee, Charles, Andrei Schleifer and Richard H. Thaler. 1991. "Investor Sentiment and the Closed-end Fund Puzzle." Journal of Finance 46: 75-109.

1990

Kahneman, Daniel, Jack Knetsch and Richard H. Thaler. 1990. "Experimental Tests of the Endowment Effect and the Coase Theorem" Journal of Political Economy 98(6): 1325-1348.

De Bondt, Werner F.M. and Richard H. Thaler. 1990. "Do Security Analysts Overreact?" American Economic Review 80(2): 52-57.

Thaler, Richard H. and Eric Johnson. 1990. "Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes in Risky Choice." Management Science 36(6): 643-660.

1988

Shefrin, H.M. and Richard H. Thaler. 1988. "The Behavioral Life-Cycle Hypothesis." Economic Inquiry 26(4): 609-643.

1987

Thaler, Richard H. 1987. "The Psychology of Choice and the Assumptions of Economics." In Laboratory Experiments in Economics: Six Points of View. Edited by Alvin Roth. Cambridge University Press.

De Bondt, Werner F.M. and Richard H. Thaler. 1987. "Further Evidence on Investor Overreaction and Stock Market Seasonality" Journal of Finance 42: 557-581.

1986

Kahneman, Daniel, Jack Knetsch and Richard H. Thaler. 1986. "Fairness as a Constraint on Profit-Seeking: Entitlements in the Market" American Economic Review 76(4): 728-741.

Thaler, Richard H. 1986. "The Psychology and Economics Conference Handbook: Commentary on papers by H. Simon, H. Einhorn and R. Hogarth, and A. Tversky and D. Kahneman." Journal of Business.

Kahneman, Daniel, Jack Knetsch and Richard H. Thaler. 1986. "Fairness and the Assumptions of Economics," Journal of Business 59(4): S285-300.

Thaler, Richard H. 1986. "Illusions, Mirages, and Public Policy." Judgment and Decision Making: An Interdisciplinary Reader. Edited by Hal Arkes and Kenneth Hammond. Cambridge University Press. 

1985

Russell, Thomas and Richard H. Thaler.1985. "The Relevance of Quasi Rationality in Competitive Markets." American Economic Review 75: 1071-1082. (Reprinted and corrected version from Quasi Rational Economics)

De Bondt, Werner F.M. and Richard H. Thaler. 1985. "Does the Stock Market Overreact?" Journal of Finance, 40: 793-805.

Thaler, Richard H. 1985. "Mental Accounting and Consumer Choice." Marketing Science. 4: 199-214.

1984

Thaler, Richard H. and Kathy Utgoff. 1984. "An Economic Analysis of Multiyear Procurement." Operations Research in Cost Analysis. Edited by Gerald R. McNichols. Operations Research Society of America.

1983

Thaler, Richard H. 1983. "Illusions, Mirages, and Public Policy." Environmental Impact, Assessment, Technology Assessment and Risk Analysis. Edited by V.T. Covello et al. NATO ASI Series.

Thaler, Richard H. 1983. "Illusions, Mirages, and Public Policy." Public Interest Fall.

Thaler, Richard H. 1983. "Transaction Utility Theory." Paper presented during the proceedings of the Association for Consumer Research Conference, San Francisco.

1982

Thaler, Richard H. 1982. "Precommitment and the Value of a Life." The Value of Life and Safety. Edited by Michael Jones-Lee. North-Holland Press.

Gould, William and Richard H. Thaler. 1982. "Public Policy Toward Life Saving: Should Consumer Preferences Rule?" Journal of Policy Analysis and Management.

1981

Thaler, Richard H. 1981. "Some Empirical Evidence on Dynamic Inconsistency." Economic Letters 8: 201-207.

Thaler, Richard H. 1981. "Maximization and Self-Control," a commentary on "Maximization Theory in Behavioral Psychology," by Rachlin, Battalio, Kagel and Green, in The Behavioral and Brain Sciences.

Shefrin, H. M. and Richard H. Thaler. 1981. "An Economic Theory of Self-Control." Journal of Political Economy April, 89(2): 392-406.

1980

Thaler, Richard H. 1985. "Toward A Positive Theory of Consumer Choice." Journal of Economic Behavior and Organization, 1: 39-60. Reprinted edition. Edited by Breit and Hochman. 

Thaler, Richard H. 1980. "Judgment and Decision Making Under Uncertainty: What Economists Can Learn from Psychology." Risk Analysis in Agriculture: Research and Educational Developments. Presented at a seminar sponsored by the Western Regional Research Project W-149, Tucson, Arizona.

Shefrin, H. M. and Richard H. Thaler. 1980. "Interpreting Rationality in Hierarchical Games." Economic Letters.

1979

Thaler, Richard H. 1979. "Discounting with Fiscal Constraints: Why Discounting is Always Right." Defense Management Journal October 15: 2.

Mayers, David and Richard H. Thaler. 1979. "Sticky Wages and Implicit Contracts: A Transactional Approach." Economic Inquiry. October 17(4): 559-574.

1978

Thaler, Richard H. 1978. "A Note on the Value of Crime Control: Evidence from the Property Market." Journal of Urban Economics, 5: 137-145.

1977

Thaler, Richard H. 1977. "An Econometric Analysis of Property Crime: Interaction Between Police and Criminals." Journal of Public Economics; 8(1): 37-51.

Rosen, Sherwin and Richard H. Thaler. 1977. "Some Results of Research on the Value of Saving Lives." Proceedings of a Workshop on the Measure of Intangible Environmental Impacts. Electric Power Institute.

1976

Thaler, Richard H. 1976. "On Optimal Speed Limits." Auto Safety Regulation: The Cure or the Problem? edited by Henry Manne and Roger Miller.

Lasky, Jeffrey and Richard H. Thaler. 1976. "Design Requirements for Criminal Justice Research and Resource Management/Planning Systems." Proceedings of the Second International Symposium of Criminal Justice Information and Statistics Systems.

1975

Rosen, Sherwin and Richard H. Thaler. 1975. "The Value of Saving A Life: Evidence From The Labor Market." Household Production and Consumption, edited by Nester Terleckyj. National Bureau of Economic Research: 265-298.


"Anomalies" Articles published in the Journal of Economic Perspectives, First Series 


1. Thaler, Richard H. 1987. "Seasonal Movements in Security Prices I: The January Effect." Journal of Economics Perspective 1(1): 197-201.

2. Thaler, Richard H. 1987. "Seasonal Movements in Security Prices II: Weekends, Holidays, Turn of the Month and Intra-day Effects." Journal of Economic Perspectives 1(2):169-177.

3. Thaler, Richard H. 1988. "The Winners Curse." Journal of Economic Perspectives 2(1): 191-202.

4. Thaler, Richard and William Ziemba. 1988. "Parimutual Betting Markets: Racetracks and Lotteries." Journal of Economic Perspectives 2(2):161-174.

5. Dawes, Robyn and Richard H. Thaler. 1988. "Cooperation." Journal of Economic Perspectives 2(3): 187-197.

6. Thaler, Richard H. 1988. "The Ultimatum Game." Journal of Economic Perspectives 2(4): 195-206.

7. De Bondt, Werner and Richard H. Thaler. 1989. "A Mean Reverting Walk Down Wall Street." Journal of Economic Perspectives 3(1): 189-202.

8. Thaler, Richard H. 1989. "Interindustry Wage Differentials." Journal of Economic Perspectives 3(2): 181-193.

9. Loewenstein, George and Richard H. Thaler. 1989. "Intertemporal Choice" Journal of Economic Perspectives 3(4): 181-193.

10. Thaler, Richard H. 1990. "Saving, Fungibility, and Mental Accounts." Journal of Economic Perspectives 4(1): 193-205.

11. Thaler, Richard H. and Amos Tversky. 1990. "Preference Reversals." Journal of Economic Perspectives 4(2): 201-211.

12. Froot, Ken and Richard H. Thaler. 1990. "Foreign Exchange." Journal of Economic Perspectives 4(3): 179-192.

13. Lee, Charles, Adrei Schleifer and Richard H. Thaler. 1990. "Closed End Mutual Funds." Journal of Economic Perspectives 4(4):153-164.

14. Kahneman, Daniel, Jack Knetsch and Richard H. Thaler. 1991. "The Endowment Effect, Loss Aversion, and Status Quo Bias." Journal of Economic Perspectives 5(1): 193-206.

Second Series

1. Camerer, Colin and Richard H. Thaler. 1996. "Ultimatums, Dictators and Manners, " Journal of Economic Perspectives 9(2): 209-219.

2. Hines, James and Richard H. Thaler. 1995. "The Flypaper Effect" Journal of Economic Perspectives 9(4): 217-226.

3. Siegel, Jeremy and Richard H. Thaler. 1997. "The Equity Premium Puzzle" Journal of Economic Perspectives 11(1): 191-200.

4. Rabin, Matthew and Richard H. Thaler. 2001. "Risk Aversion" Journal of Economic Perspectives 15(1): 219-232.

5. Lamont, Owen and Richard H. Thaler. 2003. "The Law of One Price in Financial Markets" Journal of Economics Perspectives 17(4): 191-202. 

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