Richard H Thaler @R_Thaler Twitter profile

Last Seen Profiles

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@alromaani

@divinedivasph

@realtruegrind

@LurkingPatriot

Richard H Thaler

@R_Thaler

7 years

LeBron turns 35 on December 30, 2020. Eligible to be POTUS with three weeks to spare.

LeBron James

@KingJames

7 years

U bum @StephenCurry30 already said he ain't going! So therefore ain't no invite. Going to White House was a great honor until you showed up!

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Richard H Thaler

@R_Thaler

2 months

I was so lucky to be able to have Danny Kahneman as a best friend and collaborator for decades. He usually ended our conversations with "to be continued..." but I now have to simulate his part which is impossible. My favorite image of us "working".

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Richard H Thaler

@R_Thaler

8 months

The work that won today's Nobel in medicine (and saved millions of lives) "was summarily rejected by the journals Nature and Science". Keep trying. Journals are often resistant to new ideas.

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Richard H Thaler

@R_Thaler

4 years

Note to self: example of reverse causality.

Trump War Room

@TrumpWarRoom

4 years

Chris Wallace only interrupted Joe Biden 15 times. Wallace interrupted President Trump 76 times! #Debates2020

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Richard H Thaler

@R_Thaler

8 years

This is a policy I have long supported. First step toward cashless and good start on reducing corruption.

Breaking Business

@breakingmoney

8 years

Indian PM Modi: 500 and 1000 rupee notes no longer legal tender as of 12 am local time (1:30pm ET) - Time of India

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Richard H Thaler

@R_Thaler

1 year

It is hard to think of another sports move that combines this degree of pure athleticism and in-the-moment improvisation. Wow.

maçã da apple

@LKM_APPLE

1 year

@FIFAWorldCup @richarlison97 @CBF_Futebol Perfection

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Richard H Thaler

@R_Thaler

7 years

Got this from a friend. Needed in so many talks.

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Richard H Thaler

@R_Thaler

4 years

Because those who paid off their loans or worked while in school in order to borrow less are clearly less deserving. Logic.

Bernie Sanders

@BernieSanders

4 years

We’re going to cancel every penny of student debt, and we’re going to pay for it with a modest tax on Wall Street. Wall Street doesn’t like that, but to hell with Wall Street.

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Richard H Thaler

@R_Thaler

4 years

Brilliant piece by Michael Lewis. Needs to go viral so please RT

A Coronavirus Fix That Passes the Smell Test

What if a Wall Street veteran has a way to track how fast the virus is spreading before lab tests can ramp up?

www.bloomberg.com

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Richard H Thaler

@R_Thaler

3 years

A majority of of student debt is held by the top two income quintiles.

People's Policy Project

@PplPolicyProj

3 years

What Is the Current Student Debt Situation?

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Richard H Thaler

@R_Thaler

5 years

I could decorate an entire house with such letters. Keep fighting and improve your pitch! Also, I have found that the outlet is not as important as most think. Good papers get discovered.

Ahmad Bayiz Ahmad احمد بايز احمد

@Ahmad_Bayiz

5 years

This is the rejection letter for the work that just won the Nobel Prize. I read that @R_Thaler work who won him Nobel prize was also rejected by reviewers but the editor was smart enough to go against the referees decision and publish it any way. #AcademicTwitter @NobelPrize

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Richard H Thaler

@R_Thaler

5 years

Bankers: you could all benefit from some reputation-enhancing actions. May I suggest one? Give all furloughed government workers a grace period on mortgage, credit card and other debt payments until paychecks are received. And make applying *easy*.

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Richard H Thaler

@R_Thaler

5 years

Do you know who can stop the government shutdown? TSA. Just close the PRE lines at DCA (Reagan Airport) used my most Members of Congress. Do that and the shutdown is history.

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Richard H Thaler

@R_Thaler

5 years

The only 4am wake-up call that ever made me happy. But that coffee was badly needed! As you can see, it was a glorious day in Chicago. Will always be grateful to the Humans who made it possible.

The Nobel Prize

@NobelPrize

5 years

"I discovered the presence of human life in a place where economists thought it did not exist: the economy.” Happy birthday to Richard Thaler, who was awarded the 2017 Prize in Economic Sciences. Learn more about Thaler:

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Richard H Thaler

@R_Thaler

7 years

Interesting headline in the @nypost . cc @GhostPanther @adamdavidson and @selenagomez

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Richard H Thaler

@R_Thaler

4 years

The only conclusion I can reach after the UK exit polls is that the appropriate drink tonight is Scotch.

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Richard H Thaler

@R_Thaler

3 years

My initial attempt at python programming.

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Richard H Thaler

@R_Thaler

7 years

@dynarski Make your research about the world, not the literature.

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Richard H Thaler

@R_Thaler

10 months

I have known for years that Dan Ariely made stuff up but now it turns out that it is ok because his book was a novel!

NBC Orders ‘Predictably Irrational’ Adaptation Starring Jesse L. Martin to Series

NBC has placed a series order for "The Irrational," the network announced on Tuesday.

variety.com

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Richard H Thaler

@R_Thaler

1 year

An illustration of understanding the sunk cost fallacy.

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Richard H Thaler

@R_Thaler

7 years

See: behavioral economists (sometimes) make good predictions! Thanks to all the many well-wishers and especially collaborators like Colin.

Colin Camerer

@CFCamerer

7 years

1/ Econ Nobel predictions: @RThaler , fingerprints on all areas of #behavioraleconomics + colossal impact of Nudge

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Richard H Thaler

@R_Thaler

1 month

I applaud that editor. I believe there is a bias in editorial decisions in econ journals in favor of papers that “look hard” to produce. Degree of difficulty should be used to judge gymnastics and figure skating, not scientific contributions.

Steve Tadelis

@steve_tadelis

1 month

I recently shared an experience I had with a journal and was encouraged to share the decision letter more broadly. For the youngens who still get frustrated, this same paper was rejected by the QJE (a more appropriate "home" given the style.) It's always a lottery!

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Richard H Thaler

@R_Thaler

6 years

Tax tuition waivers for grad students, but subsidize private jets. Rationale?

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Richard H Thaler

@R_Thaler

4 years

Interesting nudge. @CassSunstein

Quite Interesting

@qikipedia

4 years

In 2012 Australian researchers found that the ‘ugliest colour’ is a greeny-brown colour called Pantone 448C. It is now used on all packaging for tobacco products in the country.

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Richard H Thaler

@R_Thaler

2 years

This photo was taken on one of the numerous breaks between takes. (It took an entire day to shoot our two minute scene.) Unlike me, she could learn lines, but I don't think she had ever met anyone as old as me. Still waiting for a call to do Only Murders...

Dripped Out Economists

@DrippedOutEcon

2 years

Richard Thaler (with Selena Gomez)

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Richard H Thaler

@R_Thaler

5 years

Good image of how a wealth tax would work.

Peter Fortune

@PeterTFortune

5 years

Whenever I am working on policy decisions I think of this image... 🚴‍♂️

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Richard H Thaler

@R_Thaler

5 years

@joseallendel @GiorgioJackson @Dariensilvat Obviously no. @CassSunstein and I prefer designs in which people are helped but retain control.

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Richard H Thaler

@R_Thaler

4 years

That speech was spot on. There is hope.

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Richard H Thaler

@R_Thaler

5 years

My view: consumer finance is more useful than trigonometry but teaching it in high school will have little effect on later behavior. How much do you remember about your high school chemistry class? Does it help your cooking?

anne tergesen

@annetergesen

5 years

As states require schools to offer financial literacy instruction, academics debate whether it's worthwhile via @WSJ

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Richard H Thaler

@R_Thaler

4 years

Take a 5 minute break from today and revisit a brief interlude of joy from better times.

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Richard H Thaler

@R_Thaler

6 years

A model for every billionaire. Thanks Bill for caring.

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Richard H Thaler

@R_Thaler

3 years

Found a set of notes from a class I took from Amos Tversky at Stanford in fall 1977. Here is a gem: Instead of trying to correct our intuitions, maybe we should just identify classes of illusions and should learn to correct the bias without changing the underlying impression.

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Richard H Thaler

@R_Thaler

4 years

Am I right that Trump's lawyers think that counting should stop in states in which he is ahead and continue where he is behind (e.g., Arizona)?

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Richard H Thaler

@R_Thaler

7 years

Unpopular observation: reducing the limit on 401k contributions is massively progressive.

Richard Rubin

@RichardRubinDC

7 years

New from @kristinapet and me: Changes to 401(k)s are still on the table. via @WSJ

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Richard H Thaler

@R_Thaler

6 years

Rafa Nadal and I have an average of 5 French Open titles.

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Richard H Thaler

@R_Thaler

6 years

Inexcusable not to have an “Are you sure?” prompt. Nudge first principle: expect error.

Shimon Prokupecz

@ShimonPro

6 years

CNN: Missile Alert went out after the "wrong" button was pushed during shift change

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Richard H Thaler

@R_Thaler

6 years

The written version of my Nobel lecture. A bit wonkier than the actual lecture which can be streamed on the Nobel web site.

Imran Rasul

@ImranRasul3

6 years

From cashews to nudges; from stories to Stockholm. @R_Thaler in the AER on the path of development for behavioral economics. @AEAjournals @sdellavi @katy_milkman

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Richard H Thaler

@R_Thaler

1 month

A nice collection of thoughts by some of the many people who got to know Danny Kahneman over the years. Remembering Daniel Kahneman: A Mosaic of Memories and Lessons via @behscientist

Remembering Daniel Kahneman: A Mosaic of Memories and Lessons - By Evan Nesterak - Behavioral...

A collection of memories and lessons from Daniel Kahneman's close collaborators and colleagues. Learn more about Kahneman the thinker, the coauthor, the writer, as well as Kahneman the partner,...

behavioralscientist.org

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Richard H Thaler

@R_Thaler

6 years

Deeply saddened to report that Anne Treisman, Danny Kahnenan's wife, passed away after a long illness. Anne was a great scientist, a mother of four, and a role model for many. She will be missed but not forgotten.

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Richard H Thaler

@R_Thaler

4 years

Can we just drop that native born requirement for the US presidency?

The Associated Press

@AP

4 years

New Zealand's Prime Minister Jacinda Ardern says she's confident the country has halted the spread of the coronavirus after the last known infected person in the country recovered. It has been 17 days since the last new case was reported there.

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Richard H Thaler

@R_Thaler

5 years

Yes people LOVE refunds. Average has been about $2700. That is a *choice*. The decision to reduce withholding to provide immediate but unnoticeable increases in take home pay was behaviorally uninformed. $10/week not noticed. $500 lower refund is.

Joe Weisenthal

@TheStalwart

5 years

Feels like there's a good behavioral finance lesson in the degree to which people like to get tax refunds, even if technically it means they were floating a no interest loan to the government.

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Richard H Thaler

@R_Thaler

6 years

Something the NRA likes to ignore. A gun in the home is much less likely to protect your family than it is to cause one of them to die, by accident or suicide. (Quite obviously, the same would be true for guns in schools.)

scott cunningham

@causalinf

6 years

More guns, more suicide. @ATabarrok and Briggs studied the effect of gun ownership on suicides using state level panel data and a variety of techniques (IV, panel). They find a strong robust positive causal effect of guns on suicides.

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Richard H Thaler

@R_Thaler

8 years

This is a defeat for democracy, and also a defeat for science and expertise. How have we failed so badly? We have to take some of the blame.

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Richard H Thaler

@R_Thaler

5 years

Congratulations to Banerjee Duflo and Kremer on the Nobel and to the committee for making a prize that seemed inevitable happen sooner rather than later. (I happen to be in London so I am awake.)

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Richard H Thaler

@R_Thaler

4 years

On virtually every issue that divides R's and D's I can see the merits of each side. Except one: voter suppression. Voting should be as easy as possible. There can be no excuse for long lines and one dropbox per county. Universal vote by mail, and soon email should be the law.

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Richard H Thaler

@R_Thaler

6 years

Breaking news: Based on his negotiation skills Trump has been hired as GM of the Warriors. He already traded Curry and Durant to the Celtics for three leprechauns and a promise that the Warriors would no longer hold practices.

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Richard H Thaler

@R_Thaler

8 years

India's loss is our gain. It will be great to have Raghu back.

Chicago Booth

@ChicagoBooth

8 years

Raghuram Rajan to rejoin Booth faculty after serving as governor of India's central bank.

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Richard H Thaler

@R_Thaler

5 years

Hey @amazon is running an interesting BE experiment. They added Misbehaving to its list of books available *FREE* on Kindle Unlimited. First book is free and they promise easy quit (then $9.99/mo). So an arbitrage opportunity if you remember to quit. Reading the book might help.

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Richard H Thaler

@R_Thaler

6 years

The University of Chicago is rightly proud of its record of Economic Nobel winners. A warm welcome to @paulromer to that list. B.A., M.A. PhD and faculty member! Paul your picture will be right next to mine which makes me happy. Congrats to Bill Nordhaus as well. Great prize.

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Richard H Thaler

@R_Thaler

7 years

Tversky: "the key to creativity is being underemployed. You can waste years because you couldn't waste hours." From new MIchael Lewis book

Colin Camerer

@CFCamerer

7 years

Lot if good intuition. Unscheduled time super useful. I try to have 1 hr/day to sit w pen and pad and just think

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Richard H Thaler

@R_Thaler

4 months

This paper has a terrific start: "Science is curiously asymmetric. New ideas are meticulously tested using data, statistics, and formal models. Yet those ideas originate in a notably less meticulous process involving intuition, inspiration, and creativity."

QJE

@QJEHarvard

4 months

Recently accepted by #QJE , “Machine Learning as a Tool for Scientific Discovery,” by Ludwig ( @profjensludwig ) and Mullainathan ( @m_sendhil ):

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Richard H Thaler

@R_Thaler

5 years

Spotted in Silicon Valley. Is this really necessary?

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Richard H Thaler

@R_Thaler

4 years

Thanks to @ignaciobriones_ for showing me his favorite spot in Santiago. My best wishes to everyone in Chile. I hope you have a peaceful 2020.

MARIA TERESA SOTO BOMBARDIERE

@MARIATERESASB

4 years

Muy Chileno Excelente invitacion @DominoFDS exquisitos , saludos @R_Thaler

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Richard H Thaler

@R_Thaler

7 months

Wonderful news about Claudia Goldin’s selection as this year’s Nobel in economics. She is a true professional whose work has really helped us understand how the labor market for women works. 👏👏👏👏

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Richard H Thaler

@R_Thaler

4 years

I am amazed by the ingenuity but also by the amount of time people have and the amount of crap they have around!

Michael Schwab

@michaelschwab13

4 years

This is an AMAZING Rube Goldberg machine. Whoever filmed this did a heck of a job. This is a sweet backyard.

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Richard H Thaler

@R_Thaler

5 years

Anything true eventually is reported via a ⁦ @NewYorker ⁩ cartoon. H/T to George Loewenstein

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Richard H Thaler

@R_Thaler

3 years

A Star is Born.

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Richard H Thaler

@R_Thaler

3 years

One of the most annoying comments in the economics literature is that if you raise the stakes then people get smarter. No. Behavioral Finance is a high stakes paradigm

Cass Sunstein

@CassSunstein

3 years

Do high economic stakes eliminate cognitive biases? Nope. New from @nberpubs @R_Thaler @SibOliv #PaperOfTheMonth

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Richard H Thaler

@R_Thaler

5 years

@DavidLammy And, Mr. @DavidLammy we would welcome a visit from you any time to the University of Chicago. It would be an honor.

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Richard H Thaler

@R_Thaler

1 year

I would guess that allowing the IRS to send people a pre-populated taxreturn that they could submit by checking a box would have one of the highest benefit cost ratios in history. Why do we allow Intuit to block this? You don't trust the IRS but you trust Turbotax not to upsell?

Dilip Soman 🇨🇦

@dilipsoman

1 year

US tax filing #sludge due to business lobbying? #sludge @CassSunstein @ankurnagpal @CaitLamberton @katy_milkman @avicgoldfarb @jiayingzhao @R_Thaler

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Richard H Thaler

@R_Thaler

3 years

One of the themes of the new Final Edition of Nudge is that every problem can be helped with nudges, but few can be solved only by nudges. That is true of climate change, and Covid vaccinations. My thoughts here:

More Than Nudges Are Needed to End the Pandemic (Published 2021)

Persuading vaccine holdouts to get shots will require increasingly forceful interventions, a Nobel laureate says.

www.nytimes.com

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Richard H Thaler

@R_Thaler

5 years

Gene has it all wrong. If it were not for Behavioral Finance he and French would have had nothing to do for the past 25 years. He owes me everything. At least he is generous with gimme's.

Blair H duQuesnay

@BlairHduQuesnay

5 years

This was quite the moment today … classic Fama!

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Richard H Thaler

@R_Thaler

3 years

Says the solo author of any future editions.

Cass Sunstein

@CassSunstein

3 years

Hey @R_Thaler , our book has arrived (UK edition)! But what's this about "final" edition? Did we agree to that? #MoreEditions #MoreNudges #MoreFootnotes

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Richard H Thaler

@R_Thaler

3 years

Agree. Unconditional student loan relief? Why? Grants to investment bankers, corporate lawyers and surgeons? No grant to someone who paid off the loan or saved up to go to school? Not to small biz owners trying to keep workers employed?

Jason Furman

@jasonfurman

3 years

Student loan debt forgiveness likely has a multiplier close to zero. Forgiveness is taxable. If this negative cash flow effect outweighs interest savings would even be net negative. And wealth effect small in short run. Arbitrary/regressive $1T for ~$0 GDP, not a great idea.

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Richard H Thaler

@R_Thaler

3 years

@NateSilver538 Some people will take extraordinary steps to avoid working on a book. In this case, it could be profitable.

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Richard H Thaler

@R_Thaler

3 years

I do not understand why paying off student loans is a hot button progressive issue. Why those loans as opposed to (say) credit cards, payday, auto, mortgage, etc?

Student Loan Cancellation Sets Up Clash Between Biden and the Left (Published 2020)

Democratic leaders are pressing the president-elect to cancel $50,000 in debt per student borrower by fast executive action, but he wants Congress to pass more modest relief.

www.nytimes.com

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Richard H Thaler

@R_Thaler

3 years

Proposal: devote one month of every year of high school and college to teaching probabilistic thinking (including Bayes’ Rule) tho no need to call it that or show a formula! Tables like this do nicely.

Dilip Soman 🇨🇦

@dilipsoman

3 years

An (frequentist) explainer on why "40% of hospitalizations are vaccinated" isn't bad news! #StatisticalReasoning #ConditionalProb @geowu @R_Thaler @rorysutherland @Thruthal @danielmabuse @katy_milkman @OlegUrminsky @NinaMazar @dggoldst

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Richard H Thaler

@R_Thaler

4 years

Disagree. On line learning has been around for a long time and did not take over. There is a reason why TED talks are short. Keeping students attention on a screen for 2-3 hours is VERY hard. In person is key. Local theater is fine. Home movies, not so much.

Matthew E. Kahn

@mattkahn1966

4 years

An excellent point. The fear of the #Coronavirus Virus means that Sherwin Rosen's famous 1981 AER Superstars paper becomes even more relevant today.

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Richard H Thaler

@R_Thaler

3 years

Interesting to see economists' beliefs changing over time. I don't think that this is much about ideology. I was around in 1978 and would have responded the same way. Card and Krueger was a game changer, with follow-ups by @lkatz42 and others. Data changes minds (with a lag).

Noah Smith 🐇🇺🇸🇺🇦

@Noahpinion

3 years

Why a $15 minimum wage is pretty safe, and why economists changed their minds on the minimum wage.

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Richard H Thaler

@R_Thaler

6 years

Thanks! My donation of this mug, the last one I had from the original experiment with Kahneman and Knetsch, might be evidence against the endowment effect, but I thought it was the perfect gift.

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Richard H Thaler

@R_Thaler

2 years

Where is it written that Fed adjustments to interest rates must be multiples of 25bps?

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Richard H Thaler

@R_Thaler

6 years

Hindsight bias illustrated:

Donald J. Trump

@realDonaldTrump

6 years

Watching the Dodgers/Red Sox final innings. It is amazing how a manager takes out a pitcher who is loose & dominating through almost 7 innings, Rich Hill of Dodgers, and brings in nervous reliever(s) who get shellacked. 4 run lead gone. Managers do it all the time, big mistake!

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@R_Thaler

6 years

Business firms take note: this is the way to play the long game. It is the opposite of surge pricing. Make it free when people need it most and they will come back later.

Pittsburgh Post-Gazette

@PittsburghPG

6 years

To our readers: we've taken down our paywall -- and will continue to do so -- on major breaking news coverage of today's shooting at Tree of Life Congregation.

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Richard H Thaler

@R_Thaler

5 years

Oh, this is really bad. Please @Wikipedia next year let us help you design something better?

Muzz_nz

@MuzzNz

5 years

@R_Thaler Thought you might like this, and it's for a good cause. I was about to donate to Wikipedia, but then the 1% figure nudged me in the wrong direction!! I just hope this is part of an elaborate A/B test

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Richard H Thaler

@R_Thaler

6 years

Wow! Starting to think there may be something to this hot hand thing.

National Academy of Sciences

@theNASciences

6 years

Congratulations Richard H. Thaler @R_Thaler of @uchicago , newly elected #NASmember ! #NAS155 #economics

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Richard H Thaler

@R_Thaler

4 years

When non-economists define behavioral economics they leave out foundational papers like this one which has the admirable goal of making economic theory more behavioral. NB: not written for lay readers.

Cass Sunstein

@CassSunstein

4 years

Optimal Taxation With Behavioral Agents - a magnificent 2020 paper by the late Emmanuel Farhi and Xavier Gabaix (one of the most important behavioral economics papers in recent years, I think). @jasonfurman @R_Thaler

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Richard H Thaler

@R_Thaler

5 years

My tweet is being mis-interpreted. Foolish of me to weigh in on a debate taking place in Spanish. The right number of options depends on the circumstances. You want Amazon to sell every book but retirement plans should not offer every fund. I do not know enough to say more.

Richard H Thaler

@R_Thaler

5 years

@joseallendel @GiorgioJackson @Dariensilvat Obviously no. @CassSunstein and I prefer designs in which people are helped but retain control.

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Richard H Thaler

@R_Thaler

7 years

Holy transaction utility Misbehaving is FREE on Kindle via Amazon Prime. Irrational not to read it! @brendancurry

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Richard H Thaler

@R_Thaler

6 years

We should have true corporate tax reform. Flat rate, no exemptions, no special deals, keep revenues constant. And no pass-through shenanigans. Agree?

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Richard H Thaler

@R_Thaler

4 years

46>>45<<<<<44

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Richard H Thaler

@R_Thaler

4 years

The last thing we need now is evictions. Bad for tenants and landlords. We got some lawyers to help write a short-term fix. Especially important for small businesses who employ lots of workers. Let’s prevent this unforced error.

Opinion | Lower the Rent During the Coronavirus Pandemic

Keep landlords and tenants together with a one-page lease addendum.

www.wsj.com

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Richard H Thaler

@R_Thaler

2 months

Did you know that in Sweden most people can file their tax return by text message? Tax prep firms have prevented that from happening here but this new effort is a good first step. If eligible, try it and give feedback! Danny Werfel wants to make this work and you can help.

IRSnews

@IRSnews

2 months

The entire IRS team is really excited because for the first time ever, 19 million taxpayers across 12 states can file their taxes online for free direct with the IRS through our new IRS Direct File program. - #IRS Commissioner Danny Werfel

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Richard H Thaler

@R_Thaler

6 years

Corporate responsibility. Reward them by shopping. A reverse boycott.

The New York Times

@nytimes

6 years

Breaking News: Dick's Sporting Goods, one of the U.S.'s largest sports retailers, will stop selling assault-style rifles and require gun buyers to be 21

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Richard H Thaler

@R_Thaler

4 years

Behavioral Science twitter challenge. What is the oldest example of the use of a default as a nudge? Evil nudges ( #sludge ) count. Maybe the Bible or something Greek? Betting on @rorysutherland but maybe @CassSunstein @dilipsoman @katy_milkman @CFCamerer @alexoimas ?

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Richard H Thaler

@R_Thaler

6 years

In case you want a break for 45 min today.

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Richard H Thaler

@R_Thaler

4 years

This:

Dean Clancy

@DeanClancy

4 years

It's easier to flatten the curve if we also raise the line.

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Richard H Thaler

@R_Thaler

4 years

Finance question that has nothing to do with whether Apple is too big. Is there a good explanation for why they would want to hold so much cash? I know some is "overseas" but isn't money fungible? And if something comes up, they can borrow at near 0%. Not a loaded question.

Eddy Elfenbein

@EddyElfenbein

4 years

Apple now has $193.82 billion cash on hand. Or about $25 per person on the planet.

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Richard H Thaler

@R_Thaler

5 years

I love this. Someone please do an RCT.

Ross

@_sigurross

5 years

Ajzen meets @R_Thaler and @CassSunstein ? Nudges through establishing subjective norms?

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Richard H Thaler

@R_Thaler

4 years

The Trump administration’s ideas of how to help the economy now include a capital gains tax holiday and new deductions for dining and entertainment. Where are the subsidies for golf balls, old Bordeaux and Rolex watches? Can anyone justify interventions aimed directly the 1%?

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Richard H Thaler

@R_Thaler

5 years

This tweet is looking good in hindsight. Stopped clock etc.

Richard H Thaler

@R_Thaler

5 years

Do you know who can stop the government shutdown? TSA. Just close the PRE lines at DCA (Reagan Airport) used my most Members of Congress. Do that and the shutdown is history.

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Richard H Thaler

@R_Thaler

5 years

This is simply brilliant.

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Richard H Thaler

@R_Thaler

3 years

Bravo

Timur Kuran

@timurkuran

3 years

Nudge of the day: camera-mirror combination that identifies maskless people. Installed at bus stops in Trabzon, Turkey. Mask-wearing is up, riders happy, no complaints. ⁦ @CassSunstein ⁩ ⁦ @R_Thaler ⁩

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Richard H Thaler

@R_Thaler

5 years

Love this solution to ordering the names of authors in economics, where alphabetical is the norm. Special symbol indicating certified randomization. Now endorsed by @AEAjournals

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Richard H Thaler

@R_Thaler

3 years

Clever. Someone should do an evaluation? @jhaushofer

Sohrab (سهراب)

@_Sohrab_

3 years

When you donate blood in Sweden, they send you an SMS when it has been given to someone, thanking you and informing you of the fact. That is a brilliant hack for making people doing it again and again. @rorysutherland

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Richard H Thaler

@R_Thaler

4 years

Safe prediction. There is no one Biden can choose to be Veep who will not produce howls of protests from segment of the Dems. Come on folks. Biden + Bugs Bunny > Trump. (Not sure of the gender of Bugs.)

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Richard H Thaler

@R_Thaler

6 years

Genius.

Mark Elliott

@markmobility

6 years

This is one of the most brilliant works of art I've ever seen.

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Richard H Thaler

@R_Thaler

5 years

When I don’t finish all my delicious food, my waiter approves of my (rare) self control and then kindly explains the concept of sunk costs to me. Quotes his wise mom: “waste not waist”. (Spelling assumed.)

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Richard H Thaler

@R_Thaler

5 years

Just waking in Hong Kong to this dreadful news. A great man, friend, economist, and public servant. I exchanged emails with him last week, gladly providing a blurb for his forthcoming book, Rockonomics. In shock.

Justin Wolfers

@JustinWolfers

5 years

President Obama's remarks on the passing of his friend and adviser, Alan Krueger. "He saw economic policy not as a matter of abstract theories, but as a way to make people's lives better. He believed that facts, reason, and evidence could make government more responsive..."

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Richard H Thaler

@R_Thaler

6 years

Thanks. The quote comes from Amos Tversky, to his eldest son, before a tragically early death at 59. This message strongly Influenced the way I taught and wrote. If you want people to remember, tell stories.

Abhijit Bhaduri

@AbhijitBhaduri

6 years

Started reading “Misbehaving” by @R_Thaler Had to stop and illustrate the first sentence that caught my attention - The Power of #Stories

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Richard H Thaler

@R_Thaler

6 years

+1000. Defines overconfidence.

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