The Latest Breaking News from Richard Thaler

Psychology says people who always keep a lot of cash in their wallets may be seeking more than financial security

People may carry cash for very different reasons. For some, it is a practical way to control spending; for others, it provides reassurance in case of an emergency. Some may simply feel more comfortable using money they can physically see and hold.

The Economic Times · Sep 15

Psychology says people who always check the bill twice before paying may be seeking financial certainty

Checking a bill twice before paying may sometimes reflect a preference for financial certainty over speed. The person simply wants to be sure they understand exactly what they are paying for before the transaction is finalized.

The Economic Times · Aug 18

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 shape markets. Fear, greed, overconfidence and loss aversion can drive bubbles, volatility and mispricing, making investor behaviour essential to understanding financial markets.

The Economic Times · Aug 12

The Rs 444 question: Why India banned online money games

Hungama hai kyun barpaa thodi si jo pee li haiDaakaa to nahi maara chori to nahi ki hai– Akbar Allahabadi On August 21, Parliament slammed the brakes on online money games by passing the Promotion and Regulation of Online Gaming Bill, 2025. The government’s press release made its intent clear:…

Newslaundry · Aug 27, 2025

Inside the scandal that rocked behavioural science – and paved the way for revolution

LET’S UNPACK THAT: Five years after a widely revered study was debunked as totally bogus, Helen Coffey asks the experts whether trust in the sexiest branch of science has been irrevocably eroded – and how to discern between fact and fiction when bold claims make their way into the mainstream

The Independent UK · Jun 29, 2025

What is Nudge Theory? Why This 15-Year-Old Idea is Still Controversial

It’s been 15 years since a particular concept of behavioural science went mainstream. But does it actually work as expected, or was data cherry-picked?

Inverse · Sep 10, 2023

Nudge theory: what 15 years of research tells us about its promises and politics

It’s been 15 years since a particular concept of behavioural science went mainstream. “Nudge theory”, the notion that our behaviour can be successfully influenced through “soft” interventions, has subsequently appealed to plenty of people seeking to change the way we live.

The Conversation · Sep 6, 2023

Journalists needs to be more critical of the way governments use 'nudging' to change our behaviour – here's why

Suppose you are in a pub with friends. You drink a few beers, have a good time, and head home. The following morning you realise your headache is milder than usual. You then discover that you were part of an experiment where the glasses at the pub were 25% smaller.

The Conversation · Apr 11, 2023

Are nudges sinister psychological tricks? Or are they useless? Actually they are neither

Nudging – the idea that simple changes to how a choice is presented can lead people to make better decisions – has been one of the most popular ideas to emerge from economics in the past two decades.

The Conversation · Dec 25, 2022

We Are Not In A Recession And Inflation Is The Reason Why, Says Nobel Prize-Winning Economist

Richard Thaler is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Thaler researches decision-making psychology, which bridges the gap between economics and psychology, as well as behavioral finance and economics.

Benzinga · Aug 25, 2022