Richard Thaler

33 results

Markets exhibiting sharp price increases have a “substantially heightened” probability of crashing, a Harvard study says.

Nobel economist Robert Shiller, who famously spotted the dotcom bubble that burst in 2000 and the housing bubble that climaxed in the global financial(...)

  Michael Lewis, author of The Undoing Project and, previously, The Big Short. Photograph: TJ Kirkpatrick/Getty

Investors have long lapped up the work of Michael Lewis, the author of financial bestsellers such as Liar’s Poker, Flash Boys and The Big Short. Lewis(...)

The Undoing Project: Amos Tversky and Daniel Kahneman in the 1970s.  Photograph courtesy of Barbara Tversky

How can we make sense of our world? How should we make the best decisions? Why do we make certain mistakes over and over again? And what implications (...)

Calculating your type: Patient types may opt to wait for the bigger payments while less patient souls might prefer to get their hands on the money straight away

Planning for retirement is a tricky business, with people all too commonly tripping themselves up due to a host of behavioural foibles. Some are more (...)

Professional money managers typically keep cash allocations of roughly 3 to 5 per cent – way lower than ordinary investors. Photograph: Justin Lane/EPA

It is widely accepted that ordinary investors underperform both professional investors and market benchmarks. The most common explanation is that peo(...)

Rain storm outside the New York Stock Exchange: declines are part of investing in stocks. Photograph: Michael Nagle/Bloomberg

It’s easy to feel a bit foolish during a bear market, especially when the “I told you so” brigade point out how you could have protected your portfoli(...)

NYSE traders: Research suggests a strong link between overconfidence and overtrading. Photograph:  Eduardo Munoz Alvarez/Getty Images

Do you understand the basics about money, or are you liable to trip yourself up when it comes to everyday financial matters? Test your financial liter(...)

With this new branch of science, human behaviour is not assumed, it is observed and experimented upon. Photograph: Simon Dawson/Bloomberg

I’ve never liked food shopping or supermarkets. I especially don’t like navigating overlit aisles after a busy day in an air-conditioned office. It(...)

Winners and losers: “The more often people look at their portfolios, the less willing they will be to take on risk, because if you look at it more often, you will experience more lossesm” says Richard Thaler. Photograph: Spencer Platt/Getty Images

In a world populated by Spock-like econs, all of us would conduct our financial affairs in a rational, self-interested manner. However, the world is p(...)

Checking stock prices too often is not good for your financial health, according to research. Photograph: Andrew Burton/Getty Images

Would you invest your money with a manager who didn’t know the names of any of the stocks in his portfolio, or the price they were purchased at? How w(...)

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