Richard Thaler Facts for Kids

Richard Thaler

Born	September 12, 1945 (1945-09-12) (age 75) East Orange, New Jersey
Nationality	United States
Alma mater	University of Rochester (M.A. 1970, Ph.D. 1974) Case Western Reserve University (B.A. 1967) Newark Academy
Awards	Nobel Memorial Prize in Economic Sciences (2017)

Richard H. Thaler (/ˈθeɪlər/; born September 12, 1945) is an American economist of Jewish descent.

He is best known for being a theorist in behavioral finance. He was awarded the 2017 Nobel Prize in Economics for improving behavioral economics.

Winners of the Nobel Memorial Prize in Economic Sciences

1969–1975	1969 Ragnar Frisch / Jan Tinbergen 1970 Paul Samuelson 1971 Simon Kuznets 1972 John Richard Hicks / Kenneth Arrow 1973 Wassily Leontief 1974 Gunnar Myrdal / Friedrich Hayek 1975 Leonid Kantorovich / Tjalling Koopmans

1976–2000	1976 Milton Friedman 1977 Bertil Ohlin / James Meade 1978 Herbert A. Simon 1979 Theodore Schultz / Arthur Lewis 1980 Lawrence Klein 1981 James Tobin 1982 George Stigler 1983 Gérard Debreu 1984 Richard Stone 1985 Franco Modigliani 1986 James M. Buchanan 1987 Robert Solow 1988 Maurice Allais 1989 Trygve Haavelmo 1990 Harry Markowitz / Merton Miller / William F. Sharpe 1991 Ronald Coase 1992 Gary Becker 1993 Robert Fogel / Douglass North 1994 John Harsanyi / John Forbes Nash Jr. / Reinhard Selten 1995 Robert Lucas Jr. 1996 James Mirrlees / William Vickrey 1997 Robert C. Merton / Myron Scholes 1998 Amartya Sen 1999 Robert Mundell 2000 James Heckman / Daniel McFadden

2001–present	2001 George Akerlof / Michael Spence / Joseph E. Stiglitz 2002 Daniel Kahneman / Vernon L. Smith 2003 Robert F. Engle / Clive Granger 2004 Finn E. Kydland / Edward C. Prescott 2005 Robert Aumann / Thomas Schelling 2006 Edmund Phelps 2007 Leonid Hurwicz / Eric Maskin / Roger Myerson 2008 Paul Krugman 2009 Elinor Ostrom / Oliver E. Williamson 2010 Peter A. Diamond / Dale T. Mortensen / Christopher A. Pissarides 2011 Thomas J. Sargent / Christopher A. Sims 2012 Alvin E. Roth / Lloyd S. Shapley 2013 Eugene Fama / Lars Peter Hansen / Robert J. Shiller 2014 Jean Tirole 2015 Angus Deaton 2016 Oliver Hart / Bengt Holmström 2017 Richard Thaler 2018 William Nordhaus / Paul Romer 2019 Abhijit Banerjee / Esther Duflo / Michael Kremer 2020 Paul Milgrom / Robert B. Wilson

Images for kids

Richard H. Thaler during Nobel Prize press conference in Stockholm, December 2017

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Richard Thaler facts for kids

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