Richard Thaller is the author of dozens of books and publications that have made a significant impact in the field of economics particularly behavioral economics which he majors in. He is also the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. Born in New Jersey, United States, the American Economist and University Professor is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics.

The distinguished Professor bagged his Bachelor’s degree as far back as 1967 from Case Western Reserve University, Masters in 1970 and went on to acquire his Ph.D. degree 4 years later from the University of Rochester where he began his career as a Professor. His thesis was written on “The Value of Saving a Life: A Market Estimate”.

Thaller has made his mark in mainstream economics due to his recognition for his regular publication in the Journal of Economic Perspectives. This is aside from the various books and papers he has written which have also made an impact in the world of economics. He is a member of the American Academy of Arts and Sciences, a fellow of the American Finance Association, a member of the National Academy of Science and once served as the President of the American Economic Association.