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HISTORICAL FACTS: Richard thaler | History Defined

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

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

When England crashes out of a football tournament, the stock market takes a dive

On July 15 2026, England were just five tantalising minutes away from their first men’s World Cup final since 1966. But that was before Argentina scored two goals to claim victory in stoppage time.

The Conversation

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Psychology says people who hoard hotel toiletries aren't just collecting free things, they may not want to miss out on the pleasure of feeling special

Research suggests that collecting these toiletries is usually less about saving money and more about how the brain processes rewards, possessions, and travel experiences. Psychology says people who take complimentary hotel toiletries home are often responding to common cognitive biases rather than revealing a particular personality trait.

The Economic Times

Buy now, panic later is the new holiday ritual – stopping it won’t be easy

The holiday season brings celebration and gift-giving, but it also ushers in something less festive: financial stress. In the UK, retailers now shape much of the spending calendar, with Black Friday one of the busiest shopping events of the year.

The Conversation

You can rebook an Indigo flight. You can’t rebook your lungs

A reiteration of the obvious is never wasted on the oblivious – Percival Everett, Erasure.I'm a man of contradictions, I'm a man of many moodsI contain multitudes– Bob Dylan, I contain multitudes. On December 6, I wrote a piece for Newslaundry explaining why India has been held hostage by a single airline: IndiGo. It went viral…

Newslaundry

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

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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

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

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

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

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

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

How complex is your life? Computer scientists found a way to measure it

Nobel laureate economist Richard Thaler famously quipped:

The Conversation

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Financial Times

What nudge theory got wrong

Is behavioural public policy a distraction from finding systemic solutions?

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