first_img About the AuthorMax PulciniMax Pulcini is a Philadelphia-based writer and reporter. He has an affinity for Philly sports teams, Super Smash Bros. and cured meats and cheeses. Max has written for Philadelphia-based publications such as Spirit News, Philadelphia City Paper, and Billy Penn, as well as national news outlets like The Daily Beast.View more posts by Max Pulcini Last Updated Oct 10, 2017 by Max PulciniFacebookTwitterLinkedinemail Thaler is a native of New Jersey, and received his bachelor’s degree from Case Western Reserve University in 1967. He earned his masters and Ph.D. from the University of Rochester in 1970 and 1974, respectively. He joined the Chicago Booth faculty in 1995, following teaching stints at the University of Rochester and Cornell University. He has also been a visiting professor at the University of British Columbia, the Sloan School of Management at MIT, the Russell Sage Foundation, and the Center for Advanced Study in Behavioral Sciences at Stanford University.This is not the first time Thaler has been honored for his contributions to the field of economics. He was listed in Bloomberg Markets 50 Most Influential People in 2015, and was the American Economic Association’s president for 2015. Thaler’s most popular appearance, however, actually comes from the Academy Award nominated film The Big Short, in which he appears alongside Selena Gomez for the scene you can watch below. Chicago Booth Professor Richard Thaler Takes Home Nobel Prize in Economics regions: Chicago Thaler joins 89 other University of Chicago scholars and faculty members to receive Nobel Prizes, including five current faculty members who are Nobel laureates in economics:Profs. Eugene Fama and Lars Hansen (2013)Roger Myerson (2007)James Heckman (2000)Robert E. Lucas Jr. (1995) A professor from the University of Chicago Booth School of Business has won top honors in the field of economics. According to a press release, Richard Thaler was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2017.Thaler was honored for investigating the implications of relaxing the assumption that everyone in the economy is rational and selfish, instead entertaining the possibility that some of the agents in the economy are sometimes human. He currently serves as the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics. RelatedBooth Professor Wins John Bates Clark MedalUniversity of Chicago Booth School of Business professor Matthew Gentzkow has been awarded the 2014 John Bates Clark Medal by The American Economic Association. The annual prize is awarded to an American economist under the age of 40 who has made significant contributions to economics over the course of a single calendar year. Named after the American economist…April 21, 2014In “Featured Home”Leavey Prof Looks Back At Role, Helping Nobel Prize Winner Richard ThalerIn the wake of famed economist Richard Thaler recently winning the Nobel Prize, the SCU Leavey School of Business looked deeper into SCU’s historical role in the development of the behavioral economics field. Leavey Finance professor Hersh Shefrin and Thaler’s pioneering 15-year collaboration grew out of a mutual dissatisfaction with how neoclassical economics…November 8, 2017In “Featured Region”Rotman Management Magazine Celebrates 10 YearsSince 2007, the Rotman School of Management at the University of Toronto has provided thought leadership and management insight in the form of the Rotman Management magazine. Now, with its thirtieth issue out this spring, the magazine is celebrating ten years of bringing readers insightful articles and topics from experts…May 19, 2017In “Featured Home” Thaler is well-known for making complex issues in economics easy to understand. His work has been published in the American Economics Review, the Journal of Finance, and the Journal of Political Economy. In his books, he uses relatable scenarios to show how human behavior often contradicts traditional economic logic. His books include:“Misbehaving: The Making of Behavioral Economics”“Nudge: Improving Decisions About Health, Wealth and Happiness”“Quasi-Rational Economics”“The Winner’s Curse: Paradoxes and Anomalies of Economic Life”last_img read more