Selected Bibliography for Richard H. Thaler

Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics

Published Works

"A Citywide Experiment Testing the Impact of Geographically Targeted, High-Pay-Off Vaccine Lotteries." Katherine L. Milkman, Linnea Gandhi, Sean F. Ellis, Heather N. Graci, Dena M. Gromet, Rayyan S. Mobarak, Alison M. Buttenheim, Angela L. Duckworth, Devin Pope, Ala Stanford, Richard Thaler and Kevin G. Volpp; Nature Human Behaviour, 2022, 6(11), pp. 1515-24.

"Nudges and Choice Architecture in Organizations: New Frontiers." Gretchen Chapman, Katherine L. Milkman, David Rand, Todd Rogers and Richard H. Thaler; Organizational Behavior and Human Decision Processes, 2021, 163, pp. 1-3.

"What’s Next for Nudging and Choice Architecture?" Richard Thaler; Organizational Behavior and Human Decision Processes, 2021, 163, pp. 4-5.

"One Nudge for Hand Hygiene." Donald A. Redelmeier and Richard H. Thaler; BMJ Innovations, 2021, 7(2), pp. 249.

"From Cashews to Nudges: The Evolution of Behavioral Economics." Richard H. Thaler; American Economic Review, 2018, 108(6), pp. 1265-87.

"Nudge, Not Sludge." Richard H. Thaler; Science, 2018, 361(6401), pp. 431-31.

"Sudden-Death Aversion: Avoiding Superior Options Because They Feel Riskier." Jesse Walker, Jane L. Risen, Thomas Gilovich and Richard Thaler; Journal of Personality and Social Psychology, 2018, 115, pp. 363-78.

"Should Governments Invest More in Nudging?" Shlomo Benartzi, John Beshears, Katherine L. Milkman, Cass R. Sunstein, Richard H. Thaler, Maya Shankar, Will Tucker-Ray, William J. Congdon and Steven Galing; Psychological Science, 2017, 28(8), pp. 1041-55.

"Behavioral Economics." Richard H. Thaler; Journal of Political Economy, 2017, 125(6), pp. 1799-805.

"Behavioral Economics: Past, Present, and Future." Richard H. Thaler; American Economic Review, 2016, 106(7), pp. 1577-600.

"Behavioral Economics," Sendhil Mullainathan and Richard H. Thaler, in International Encyclopedia of the Social & Behavioral Sciences (Second Edition). J. D. Wright, Oxford: Elsevier, 2015, pp. 437-42.

"Standing United or Falling Divided? High Stakes Bargaining in a Tv Game Show." Dennie van Dolder, Martijn J. van den Assem, Colin F. Camerer and Richard H. Thaler; American Economic Review, 2015, 105(5), pp. 402-07.

Misbehaving : The Making of Behavioral Economics Richard H. Thaler; New York: W.W. Norton & Company, 2015.

"Choice Architecture," Richard H. Thaler, Cass R. Sunstein and John P. Balz, in The Behavioral Foundations of Public Policy. E. Shafir, Princeton: Princeton University Press, 2013, pp. 428-39.

"Choice Architecture and Retirement Saving Plans," Shlomo Benartzi, Ehud Peleg and Richard H. Thaler, in The Behavioral Foundations of Public Policy. E. Shafir, Princeton: Princeton University Press, 2013, pp. 245-63.

"Behavioral Economics and the Retirement Savings Crisis." Shlomo Benartzi and Richard H. Thaler; Science, 2013, 339(6124), pp. 1152-53.

"The Loser's Curse: Decision Making and Market Efficiency in the National Football League Draft." Cade Massey and Richard H. Thaler; Management Science, 2013, 59(7), pp. 1479-95.

"Split or Steal? Cooperative Behavior When the Stakes Are Large." Martijn J. van den Assem, Dennie van Dolder and Richard H. Thaler; Management Science, 2012, 58(1), pp. 2-20.

"Helping Consumers Know Themselves." Emir Kamenica, Sendhil Mullainathan and Richard Thaler; American Economic Review, 2011, 101(3), pp. 417-22.

"Annuitization Puzzles." Shlomo Benartzi, Alessandro Previtero and Richard H. Thaler; Journal of Economic Perspectives, 2011, 25(4), pp. 143-64.

"The Nominal Share Price Puzzle." William C. Weld, Roni Michaely, Richard H. Thaler and Shlomo Benartzi; Journal of Economic Perspectives, 2009, 23(2), pp. 121-42.

"Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show." Thierry Post, Martin J. van den Assem, Guido Baltussen and Richard H. Thaler; American Economic Review, 2008, 98(1), pp. 38-71.

"Commentary--Mental Accounting and Consumer Choice: Anatomy of a Failure." Richard H. Thaler; Marketing Science, 2008, 27(1), pp. 12-14.

Nudge : Improving Decisions About Health, Wealth, and Happiness Richard H. Thaler and Cass R. Sunstein; New Haven: Yale University Press, 2008.

"Heuristics and Biases in Retirement Savings Behavior." Shlomo Benartzi and Richard Thaler; The Journal of Economic Perspectives, 2007, 21(3), pp. 81-104.

"The Law and Economics of Company Stock in 401(K) Plans." Shlomo Benartzi, Richard H. Thaler, Stephen P. Utkus and Cass R. Sunstein; Journal of Law and Economics, 2007, 50(1), pp. 45 - 79.

"The Survival of the Fattest." Cass R. Sunstein and Richard H. Thaler; New Republic, 2007, 236(12), pp. 59-63.

"Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing." Nicholas Barberis, Ming Huang and Richard H. Thaler; American Economic Review, 2006, 96(4), pp. 1069.

"Invest Now, Drink Later, Spend Never: On the Mental Accounting of Delayed Consumption." Eldar Shafir and Richard H. Thaler; Journal of Economic Psychology, 2006, 27(5), pp. 694-712.

"Anomalies: Utility Maximization and Experienced Utility." Daniel Kahneman and Richard H. Thaler; The Journal of Economic Perspectives, 2006, 20(1), pp. 221-34.

"Dividend Changes Do Not Signal Changes in Future Profitability*." Gustavo Grullon, Roni Michaely, Shlomo Benartzi and Richard H. Thaler; Journal of Business, 2005, 78(5), pp. 1659.

"Design Choices in Privatized Social-Security Systems: Learning from the Swedish Experience." Henrik Cronqvist and Richard H. Thaler; American Economic Review, 2004, 94(2), pp. 424-28.

"Save More Tomorrow(Tm): Using Behavioral Economics to Increase Employee Saving." Richard H. Thaler and Shlomo Benartzi; Journal of Political Economy, 2004, 112(1), pp. S164.

"Libertarian Paternalism Is Not an Oxymoron." Cass R Sunstein and Richard H Thaler; University of Chicago Law Review, 2003, 70(4), pp. 1159.

"In Honor of Matthew Rabin: Winner of the John Bates Clark Medal." Colin Camerer and Richard H. Thaler; Journal of Economic Perspectives, 2003, 17(3), pp. 159-76.

"Libertarian Paternalism." Richard H. Thaler and Cass R. Sunstein; American Economic Review, 2003, 93(2), pp. 175-79.

"Can the Market Add and Subtract? Mispricing in Tech Stock Carve-Outs." Owen A. Lamont and Richard H. Thaler; Journal of Political Economy, 2003, 111(2), pp. 227-68.

"Anomalies: The Law of One Price in Financial Markets." Owen A. Lamont and Richard H. Thaler; Journal of Economic Perspectives, 2003, 17(4), pp. 191-202.

"Response from Matthew Rabin and Richard H. Thaler." Matthew Rabin and Richard H. Thaler; Journal of Economic Perspectives, 2002, 16(2), pp. 229-30.

"How Much Is Investor Autonomy Worth?" Shlomo Benartzi and Richard H. Thaler; Journal of Finance, 2002, 57(4), pp. 1593-616.

"Using Behavioral Economics to Increase Employee Saving." Richard H. Thaler and Shlomo Benartzi; Pension Benefits, 2001, 10( 9), pp. 2.

"Naive Diversification Strategies in Defined Contribution Saving Plans." Shlomo Benartzi and Richard H. Thaler; American Economic Review, 2001, 91(1), pp. 79-98.

"Anomalies: Risk Aversion." Matthew Rabin and Richard H. Thaler; Journal of Economic Perspectives, 2001, 15(1), pp. 219-32.

"The Endowment Effect and Repeated Market Trials: Is the Vickrey Auction Demand Revealing?" Jack L. Knetsch, Fang-Fang Tang and Richard H. Thaler; Experimental Economics, 2001, 4(3), pp. 257-69.

"From Homo Economicus to Homo Sapiens." Richard H. Thaler; Journal of Economic Perspectives, 2000, 14(1), pp. 133-41.

"Mental Accounting Matters." Richard H. Thaler; Journal of Behavioral Decision Making, 1999, 12(3), pp. 183.

"The End of Behavioral Finance." Richard H. Thaler; Financial Analysts Journal, 1999, 55(6), pp. 12.

"Risk Aversion or Myopia? Choices in Repeated Gambles and Retirement Investments." Shlomo Benartzi and Richard H. Thaler; Management Science, 1999, 45(3), pp. 364-81.

"Theories and Tropes: A Reply to Posner and Kelman." Christine Jolls, Cass R. Sunstein and Richard Thaler; Stanford Law Review, 1998, 50(5), pp. 1593.

"A Behavioral Approach to Law and Economics." Christine Jolls, Cass R. Sunstein and Richard Thaler; Stanford Law Review, 1998, 50(5), pp. 1471.

"Cooperation [Anomalies: Cooperation]," Robyn M. Dawes and Richard H. Thaler, in Economics, Ethics, and Public Policy. C. K. Wilber, Lanham, Md. and Oxford: Rowman and Littlefield, 1998, pp. 79-91.

"Caveat Compounder: A Warning About Using the Daily Crsp Equal-Weighted Index to Compute Long-Run Excess Returns." Linda Canina, Roni Michaely, Richard Thaler and Kent Womack; Journal of Finance, 1998, 53(1), pp. 403-16.

"Intertemporal Choice," George Loewenstein and Richard H. Thaler, in Research on Judgment and Decision Making: Currents, Connections, and Controversies W. M. Goldstein and R. M. Hogarth, New York, NY: Cambridge University Press, 1997, pp. 365-78.

"Probabilistic Insurance." Peter P. Wakker, Richard H. Thaler and Amos Tversky; Journal of Risk and Uncertainty, 1997, 15(1), pp. 7-28.

"Anomalies: The Equity Premium Puzzle." Jeremy J. Siegel and Richard H. Thaler; Journal of Economic Perspectives, 1997, 11(1), pp. 191-200.

"The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test." Richard H. Thaler, Amos Tversky, Daniel Kahneman and Alan Schwartz; Quarterly Journal of Economics, 1997, 112(2), pp. 647-61.

"Labor Supply of New York City Cabdrivers: One Day at a Time." Colin Camerer, Linda Babcock, George Loewenstein and Richard Thaler; Quarterly Journal of Economics, 1997, 112(2), pp. 407-41.

"Irving Fisher: Modern Behavioral Economist." Richard H. Thaler; American Economic Review, 1997, 87(2), pp. 439-41.

"Do Changes in Dividends Signal the Future or the Past?" Shlomo Benartzi, Roni Michaely and Richard Thaler; Journal of Finance, 1997, 52(3), pp. 1007-34.

"Comment on "Do 401(K) Plans Replace Other Employer-Provided Pensions?" By Papke, Peterson and Poterba," Richard H. Thaler, in Advances in the Economics of Aging. D. A. Wise, Chicago: University of Chicago Press, 1996, pp. 237-39.

"Doing Economics without Homo Economicus," Richard H. Thaler, in Foundations of Research in Economics: How Do Economists Do Economics? S. G. Medema and W. J. Samuels, Cheltenham, U.K. and Lyme, N.H.: Elgar, 1996, pp. 227-37.

"Financial Decision Making in Markets and Firms," Werner F. M. De Bondt and Richard H. Thaler, in Finance. R. A. Jarrow, V. Maksimovic and W. T. Ziemba, Amsterdam ; New York: Elsevier, 1995, pp. 385-410.

"Behavioral Economics." Richard H. Thaler; NBER Reporter, 1995, (Fall).

"Myopic Loss Aversion and the Equity Premium Puzzle." Shlomo Benartzi and Richard H. Thaler; Quarterly Journal of Economics, 1995, 110(1), pp. 73-92.

"Anomalies: Ultimatums, Dictators and Manners." Colin Camerer and Richard H. Thaler; Journal of Economic Perspectives, 1995, 9(2), pp. 209-19.

"Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift?" Roni Michaely, Richard H. Thaler and Kent L. Womack; Journal of Finance, 1995, 50(2), pp. 573-608.

"Anomalies: The Flypaper Effect." James R. Hines, Jr. and Richard H. Thaler; Journal of Economic Perspectives, 1995, 9(4), pp. 217-26.

"College and University Endowment Funds: Why Not 100% Equities?" Richard H. Thaler and J. Peter Williamson; Journal of Portfolio Management, 1994, 21(1), pp. 27-37.

"Psychology and Savings Policies." Richard H. Thaler; American Economic Review, 1994, 84(2), pp. 186-92.

Advances in Behavioral Finance Richard H. Thaler; New York: Russell Sage Foundation, 1993.

"Yes, Discounts on Closed-End Funds Are a Sentiment Index." Navin Chopra, Charles M. C. Lee, Andrei Shleifer and Richard H. Thaler; Journal of Finance, 1993, 48(2), pp. 801-08.

"Summing Up." Navin Chopra, Charles M. C. Lee, Andrei Shleifer and Richard H. Thaler; Journal of Finance, 1993, 48(2), pp. 811-12.

"The Winner's Curse." Richard H. Thaler; Across the Board, 1992, 29(9), pp. 30.

The Winner's Curse: Paradoxes and Anomalies of Economic Life Richard H. Thaler; Princeton and Chichester, U.K.: Princeton University Press, 1992.

"How to Get Real People to Save," Richard H. Thaler, in Personal Saving, Consumption, and Tax Policy. M. H. Kosters, Washington, D.C.: AEI Press, 1992, pp. 143-50.

"Mental Accounting, Saving, and Self-Control," Hersh M. Shefrin and Richard H. Thaler, in Choice over Time. G. Loewenstein and J. Elster, New York: Russell Sage Foundation, 1992, pp. 287-330.

"Window Dressing by Pension Fund Managers." Josef Lakonishok, Andrei Shleifer, Richard Thaler and Robert W. Vishny; American Economic Review, 1991, 81(2), pp. 227-31.

"The Psychology of Choice and the Assumptions of Economics," Richard H. Thaler, in Quasi Rational Economics. R. H. Thaler, New York: Russell Sage Foundation, 1991, pp. 137-66.

Quasi Rational Economics Richard H. Thaler; New York: Russell Sage Foundation, 1991.

"Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias." Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler; Journal of Economic Perspectives, 1991, 5(1), pp. 193-206.

"Economic Analysis and the Psychology of Utility: Applications to Compensation Policy." Daniel Kahneman and Richard Thaler; American Economic Review, 1991, 81(2), pp. 341-46.

"Anomalies: Saving, Fungibility, and Mental Accounts." Richard H. Thaler; Journal of Economic Perspectives, 1990, 4(1), pp. 193-205.

"Anomalies: Preference Reversals." Amos Tversky and Richard H. Thaler; Journal of Economic Perspectives, 1990, 4(2), pp. 201-11.

"Do Security Analysts Overreact?" Werner F. M. De Bondt and Richard H. Thaler; American Economic Review, 1990, 80(2), pp. 52-57.

"Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice." Richard H. Thaler and Eric J. Johnson; Management Science, 1990, 36(6), pp. 643-60.

"Anomalies: Foreign Exchange." Kenneth A. Froot and Richard H. Thaler; Journal of Economic Perspectives, 1990, 4(3), pp. 179-92.

"Anomalies: Closed-End Mutual Funds." Charles M. C. Lee, Andrei Shleifer and Richard H. Thaler; Journal of Economic Perspectives, 1990, 4(4), pp. 153-64.

"Experimental Tests of the Endowment Effect and the Coase Theorem." Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler; Journal of Political Economy, 1990, 98(6), pp. 1325-48.

"Anomalies: A Mean-Reverting Walk Down Wall Street." Werner F. M. De Bondt and Richard H. Thaler; Journal of Economic Perspectives, 1989, 3(1), pp. 189-202.

"Anomalies: Interindustry Wage Differentials." Richard H. Thaler; Journal of Economic Perspectives, 1989, 3(2), pp. 181-93.

"Anomalies: Intertemporal Choice." George Loewenstein and Richard H. Thaler; Journal of Economic Perspectives, 1989, 3(4), pp. 181-93.

"Toward a Positive Theory of Consumer Choice," Richard H. Thaler, in Behavioural Economics. P. E. Earl, Aldershot, U.K.: Elgar, 1988, pp. 168-89.

"The Behavioral Life-Cycle Hypothesis." Hersh M. Shefrin and Richard H. Thaler; Economic Inquiry, 1988, 26(4), pp. 609-43.

"Anomalies: The Winner's Curse." Richard H. Thaler; Journal of Economic Perspectives, 1988, 2(1), pp. 191-202.

"Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries." Richard H. Thaler and William T. Ziemba; Journal of Economic Perspectives, 1988, 2(2), pp. 161-74.

"Anomalies: Cooperation." Robyn M. Dawes and Richard H. Thaler; Journal of Economic Perspectives, 1988, 2(3), pp. 187-97.

"Anomalies: The Ultimatum Game." Richard H. Thaler; Journal of Economic Perspectives, 1988, 2(4), pp. 195-206.

"Decision Making and Problem Solving." Herbert A. Simon, George B. Dantzig, Robin Hogarth, Charles R. Plott, Howard Raiffa, Thomas C. Schelling, Kenneth A. Shepsle, Richard Thaler, Amos Tversky and Sidney Winter; Interfaces, 1987, 17(5), pp. 11.

"The Psychology of Choice and the Assumptions of Economics," Richard H. Thaler, in Laboratory Experimentation in Economics: Six Points of View. A. E. Roth, Cambridge; New York and Sydney: Cambridge University Press, 1987, pp. 99-130.

"The Relevance of Quasi Rationality in Competitive Markets: Reply." Thomas Russell and Richard Thaler; American Economic Review, 1987, 77(3), pp. 499-501.

"Further Evidence on Investor Overreaction and Stock Market Seasonality." Werner F. M. De Bondt and Richard H. Thaler; Journal of Finance, 1987, 42(3), pp. 557-81.

"Amomalies: The January Effect." Richard H. Thaler; Journal of Economic Perspectives, 1987, 1(1), pp. 197-201.

"Anomalies: Seasonal Movements in Security Prices Ii: Weekend, Holiday, Turn of the Month, and Intraday Effects." Richard Thaler; Journal of Economic Perspectives, 1987, 1(2), pp. 169-77.

"Illusions and Mirages in Public Policy," Richard H. Thaler, in Judgment and Decision Making: An Interdisciplinary Reader. H. R. Arkes and K. R. Hammond, New York, NY: Cambridge University Press, 1986, pp. 161-72.

"The Psychology and Economics Conference Handbook: Comments on Simon, on Einhorn and Hogarth, and on Tversky and Kahneman." Richard H. Thaler; Journal of Business, 1986, 59(4), pp. S279-S84.

"Fairness as a Constraint on Profit Seeking: Entitlements in the Market." Daniel Kahneman, Jack L. Knetsch and Richard Thaler; American Economic Review, 1986, 76(4), pp. 728-41.

"Fairness and the Assumptions of Economics." Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler; Journal of Business, 1986, 59(4), pp. S285-S300.

"Illusions and Mirages in Public Policy," Richard H. Thaler, in Environmental Impact Assessment, Technology Assessment, and Risk Analysis : Contributions from the Psychological and Decision Sciences. V. T. Covello, Berlin ; New York: Springer-Verlag,, 1985, pp.

"Mental Accounting and Consumer Choice." Richard Thaler; Marketing Science, 1985, 4(3), pp. 199-214.

"Does the Stock Market Overreact?" Werner F. M. De Bondt and Richard Thaler; Journal of Finance, 1985, 40(3), pp. 793-805.

"The Relevance of Quasi Rationality in Competitive Markets." Thomas Russell and Richard Thaler; American Economic Review, 1985, 75(5), pp. 1071-82.

"An Economic Analysis of Multiyear Procurement," Kathy Utgoff and Richard H. Thaler, in Cost Analysis. G. R. McNichols, Arlington VA.: Operations Research Society of America : Ketron, 1984, pp.

"Llusions and Mirages in Public Policy." Richard Thaler; Public Interest, 1983, 73, pp. 60-74.

"Transaction Utility Theory." Richard Thaler; Advances in Consumer Research, 1983, 10(1), pp. 229.

"Review of 'Judgment under Uncertainty'." Richard Thaler; Journal of Economic Literature, 1983, 21( 3), pp. 1046.

"Precommitment and the Value of a Life," Richard H. Thaler, in The Value of Life and Safety : Proceedings of a Conference Held by the "Geneva Association". M. W. Jones-Lee, Amsterdam ; New York: North-Holland, 1982, pp.

"Public Policy toward Life Saving: Should Consumer Preferences Rule?" Richard Thaler and William Gould; Journal of Policy Analysis and Management, 1982, 1(2), pp. 223-42.

"Maximization and Self-Control: A Commentary on "Maximization Theory in Behavioral Psychology," by Rachlin, Battalio, Kagel and Green." Richard H. Thaler; Behavioral and Brain Sciences, 1981, 4(3), pp. 403-04.

"An Economic Theory of Self-Control." Richard H. Thaler and H. M. Shefrin; Journal of Political Economy, 1981, 89(2), pp. 392-406.

"Judgment and Decision Making under Uncertainty: What Economists Can Learn from Psychology," Richard Thaler, in Risk Analysis in Agriculture Research and Educational Developments : Proceedings of a Seminar "an Economic Evaluation of Managing Market Risks in Agriculture". Urbana: Dept. of Agricultural Economics, Agricultural Experiment Station, College of Agriculture, University of Illinois at Urbana-Champaign, 1980, pp.

"Why Discounting Is Always Right." Richard Thaler; Defense Management Journal, 1979, 15(5), pp. 2.

"Sticky Wages and Implicit Contracts: A Transactional Approach." David Mayers and Richard Thaler; Economic Inquiry, 1979, 17(4), pp. 559-74.

"A Note on the Value of Crime Control: Evidence from the Property Market." Richard Thaler; Journal of Urban Economics, 1978, 5(1), pp. 137-45.

"Some Results of Research on the Value of Saving Lives," Sherwin Rosen and Richard Thaler, in Proceedings of a Workshop on the Measure of Intangible Environmental Impacts. Richland, Wash.: Electric Power Institute, 1977, pp.

"An Econometric Analysis of Property Crime: Interaction between Police and Criminals." Richard Thaler; Journal of Public Economics, 1977, 8(1), pp. 37-51.

"On Optimal Speed Limits," Richard Thaler, in Auto Safety Regulation : The Cure or the Problem. H. G. Manne and R. L. Miller, Glen Ridge, N.J.: T. Horton, 1976, pp.

"The Value of Saving a Life: Evidence from the Labor Market," Richard Thaler and Sherwin Rosen, in Household Production and Consumption. N. E. Terleckyj, New York: National Bureau of Economic Research, 1975, pp. 265-97.

"Design Requirements for Criminal Justice Research and Resource Management/Planning Systems," Jeffery Lesky and Richard Thaler, in Proceedings of the Second International Symposium on Criminal Justice Information and Statistics Systems. E. Cresswell, Sacramento, Calif: SEARCH Group, Inc, 1974, pp.

The Value of Saving a Life: A Market Estimate; Richard H. Thaler; Ph.D Dissertation, University of Rochester, 1974.