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RICHARD THALER
Quote of the day by Richard Thaler: "If we use prediction as the measure of a model, traditional finance makes precisely wrong predictions"Richard Thaler challenges traditional finance’s rational-investor assumption, arguing that psychology, emotions and behavioural biases shap...- In late 2000s, scientists started working on new scientific concept related to brain, findings paved the way for detecting psychology behind making better decisions by humanScientific research that began gaining momentum in the late 2000s continues to transform neuroscience, education, psychology, and behaviora...
- Psychology explains why we buy things we don't actually need - and the hidden brain tricks that drive impulse spendingOur brains respond to emotional triggers and marketing techniques encouraging spontaneous purchases. Anticipating a purchase activates the ...
- Psychology says people who can't throw things away may be holding onto more than just objectsPsychology says people who can't throw things away, even when those items no longer have practical value, are often influenced by emotional...
- Psychology says people who hoard hotel toiletries aren't just collecting free things, they may not want to miss out on the pleasure of feeling specialResearch suggests that collecting these toiletries is usually less about saving money and more about how the brain processes rewards, posse...
- Psychology explains why people always choose the same mug at home, and why it becomes so hard to replacePsychology explains why many people instinctively reach for the same mug every morning. Research suggests this everyday habit is shaped by ...
- FIFA World Cup’s hidden scorecard: What fans don’t see, economics doesFIFA World Cup 2026 is a fascinating economic case study, revealing how football markets mirror financial ones. Dynamic ticket pricing, dri...
- Psychology says fathers who fix broken things instead of replacing them are not being cheap: Why repairing objects becomes their way of protecting memories, purpose and familyPsychology suggests that fathers who repair broken items instead of replacing them are rarely being cheap or stubborn. More often, they are...
- Psychology says people who only shop during sales aren't stingy, their brains may be wired to chase value over pricePsychology teaches us that everyday habits often reveal deeper motivations. The sale itself is rarely the real story. Value is. Control is....
- Psychology says people who keep a photo of their wife or kids in their wallet aren’t nostalgic, they are creating an emotional safety netPsychologists have consistently found that having a strong sense of purpose supports emotional well-being. For many people, loved ones beco...
- Psychology says people who save shopping bags inside other shopping bags are responding to an ancient survival instinctAt its heart, this habit is rarely about the bags themselves. It is more about psychological efficiency. The brain naturally seeks to reduc...
- Why economic models failEconomist Richard Thaler reveals why economic models often fail. His research shows people do not always act rationally. This departure fro...
- The Guru’s NudgeThe nudge concept holds the potential to build a righteous environment without coercive means, like the guru leads the disciple to voluntar...
- Book Summary: Misbehaving: The making of behavioral economics
- How Nobel-winner's idea of 'nudging' can be used to make the right personal finance choicesNobel laureate Richard Thaler’s idea of a ‘nudge’ can be used to improve the choices people make in personal finance. Or can it?
- PM Narendra Modi's drives 'Give It Up' & 'Swachh Bharat' have Nobel linkThe view that individuals need a 'nudge' to act in a manner that leads to personal and social good is a key driver in Swachh Bharat and Giv...
- When YV Reddy took to Thaler to 'nudge' authoritiesThaler built the concept of 'default option' in public policy in his book The Nudge.
- Even a Nobel Prize winner doesn't get stocksThe S&P 500 index has been reaching repeated records since President Donald Trump's election.
- Nobel economist takes a jab at Donald Trump's confidence, knowledge“His ratio of certitude to knowledge is nearing record highs,” Thaler said on Bloomberg Radio with Tom Keene and David Gura. “We all need a...
- Modi government had already put Nobel winner's idea into practiceThe idea struck NITI Aayog when several ministries approached it with problems related to implementation of key schemes in the government's...
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