Richard Thaler

33 results

Yes, most investors are awful at timing. Photograph: iStock

Investors ran for the hills as stocks plunged over Christmas, with retail sentiment surveys showing pessimism at five-year highs. Now, 20 per cent lat(...)

Managers are much more likely to sell stocks with extreme returns, research indicates. Photograph: Reuters

Buying stocks is easy, but selling? That’s when things get tricky, according to new research. It’s well -known that most fund managers don’t beat the(...)

Prof Terrance Odean: Managers were 17 per cent more likely to repurchase a stock if they had previously sold it for a profit rather than a loss

Fund managers, armed with an almost infinite amount of fundamental and technical information, buy and sell stocks every day. However, while they may a(...)

William Nordhaus  after winning the 2018 Nobel Prize in Economic Sciences at Yale University on Monday. Photograph:  Eduardo Munoz Alvarez/Getty Images

A study of the economics profession in the United States, undertaken a number of years ago, found that academic papers in economics rarely referred to(...)

Bad weather has been shown to affect people’s moods, driving “fatigue, anxiety, depression and limited attention to work”. Photograph: iStock/Getty

Sunny weather fosters a sunny mood, so this summer’s unexpectedly fine weather has no doubt boosted people’s spirits. New research suggests it may eve(...)

Over a thousand economists have written to Donald Trump warning his “economic protectionism” and tough rhetoric on trade threatens to repeat the mista(...)

Yields between 2 and 3 per cent represent the “sweet spot” for stocks, Merrill Lynch cautioned in a report last week. Photograph: iStock

Stocks have rebounded nicely since the heavy selling in early February, recently enjoying their biggest weekly gain in five years. But last Wednesday’(...)

“The ‘Stock Trader’s Almanac’ suggests a failure to stick to the seasonal script can be an indicator further short-term pain is in store – hence the expression, ‘If Santa Claus should fail to call, bears may come to Broad and Wall.’” Photograph: Michael Nagle/Bloomberg

Young children and passionate seasonal investors should avert their eyes now, for the question must be asked: does the Santa Claus rally exist? The C(...)

Traders work on the floor of the NYSE. Photograph: Michael Nagle/Bloomberg

The world’s biggest stock market has risen every month in 2017. If the S&P 500 rises again in November and December, it will mark the first calend(...)

Michael Douglas as Gordon Gekko in “Wall Street”:  Ruthlessness is often prized in financial circles but it turns out that nice guys don’t always finish last

Nothing boosts stock market sentiment quite like rising prices. The latest Investors’ Intelligence poll of newsletter writers shows bulls outnumber(...)

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