… Lee, Shleifer and Thaler find that discounts shrink in months when shares of small companies
(also owned primarily by individuals) do well, and in months when there is lots of IPO …

… , when a pressing anomaly crosses Dick Thaler's desk. However, suggestions for new
columns and comments on old ones are still welcome. Thaler would like to quash one rumor …

… Thaler has spent his career studying the radical notion that … Early in his research, Thaler
realized these Spock-like … incentives and market behavior, Thaler enlightens readers about how …

… Eric Johnson and I have investigated the limits of the hedonic editing hypothesis (Thaler
and Johnson, 1990). Our ultimate goal was to explore the influence of prior outcomes on risky …

Next time that you find yourself a little short of cash for lunch, try the following experiment in
your class. Take a jar and fill it with coins, noting the total value of the coins. Now auction off …

How is risk-taking affected by prior gains and losses? While normative theory implores decision
makers to only consider incremental outcomes, real decision makers are influenced by …

… rates, Shlomo Benartzi and I (Thaler and Benartzi 2004) introduced a … (Thaler and Benartzi
2004), savings rates more than tripled in three years. In a recent paper (Benartzi and Thaler …

… The order of the names on this paper and its companion (Shefrin and Thaler 1980) corresponds
to our division of labor. This paper was written while Thaler was a visiting scholar at the …

… (When Thaler showed this example to Sunstein at their usual lunch … Before Thaler removed
the nuts the group had the choice of whether to eat … At 7:15, just before Thaler removed the …

Economists ubiquitously employ a simple and elegant explanation for risk aversion: It derives
from the concavity of the utility-of-wealth function within the expected-utility framework. We …