Papers

Weld, William, Benartzi, Shlomo, Michaely, Roni, and Thaler, Richard H., “The Nominal Share Price Puzzle” Forthcoming in the Journal of Economic Perspectives (2009).

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

Bernartzi, Shlomo, and Thaler, Richard H., “Heuristics and Biases in Retirement Savings Behavior” Journal of Economic Perspectives 21 (3), (2007): 81-104.

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

Shafir, Eldar and Thaler, Richard H., "Invest Now, Drink Later, Spend Never: On the Mental Accounting of Delayed Consumption" Journal of Economic Psychology, Elsevier 27 (5), (2006): 694-712.

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

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

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

Sunstein, Cass and Richard H. Thaler, "Market Efficiency and Rationality: The Peculiar Case of Baseball" Michigan Law Review 102 (6), (2003): 1390-1403.

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

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

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

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

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

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

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

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

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

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

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

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

Thaler, Richard H., "Anomalies." Journal of Economic Perspectives 15(1).

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Thaler, Richard H., "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, 1987.

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

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

Thaler, Richard H., "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. (1986).

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

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

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

Thaler, Richard H., "Mental Accounting and Consumer Choice." Marketing Science. 4 (1985): 1999-214.

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

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

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

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

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

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

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

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

Thaler, Richard H., "Maximization and Self-Control," a commentary on "Maximization Theory in Behavioral Psychology," by Rachlin, Battalio, Kagel and Green, in The Behavioral and Brain Sciences, 1981: 33-34

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

Thaler, Richard H., "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, June 1980.

Thaler, Richard H., "Toward A Positive Theory of Consumer Choice." Journal of Economic Behavior and Organization, 1 (1980): 39-60. Reprinted edition. Edited by Breit and Hochman. (1985).

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

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

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

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

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

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

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

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

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

Thaler, Richard. "An Essay on Bargaining", American Economic Review. 1956.

"Anomalies" - Articles Published in the Journal of Economic Perspectives

First Series:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Second Series:

Camerer, Colin and Richard H. Thaler. "Ultimatums, Dictators and Manners" Journal of Economic Perspectives 9(2), (1995):209-219.

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

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

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

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