Richard Thaler Wins Nobel

[CM]

In a recent post I wrote that business school professors like to imagine a world where everyone is rational and competent and there are no conflicts of interest.

There are a few exceptions and Richard Thaler is one: https://www.usnews.com/news/business/articles/2017-10-09/economics-prize-last-of-the-nobels-to-be-awarded.

 

[djohnflatfeecfp]

And a movie star.  https://www.youtube.com/watch?v=WStmFKp1x3g

 

Although there is evidence the "hot hand" may actually exist.  Regardless, always good to see some behavioral work being recognized.

[CM]

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