In this year's Nobel Prize in Economics lecture, Associate Professors Yu-chin Chen and Chris Anderson consider the work of 2017 Nobel Prize in Economics Laureate Richard H Thaler (University of Chicago), who was awarded "for his contributions to behavioural economics" and whose research has shown how human traits systematically affect individual decisions as well as market outcomes.
Nobel Prize Lecture
May 8th, 2018 at 6:30PM
UW Faculty Club, Yukon Pacific Room
About the Laureate
Richard Thaler is currently the Charles R Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago, Booth School of Business, where he has taught since 1995. Thaler studies behavioral economics and finance as well as the psychology of decision-making which lies in the gap between economics and psychology. He investigates the implications of relaxing the standard economic assumption that everyone in the economy is rational and selfish, instead entertaining the possibility that some of the agents in the economy are sometimes human. Thaler is the co-author (with Cass R. Sunstein) of the global best seller Nudge (2008) and has published numerous journal articles.
About the Speakers
Associate Professor Yu-chin Chen is the Gary Waterman Distinguished Scholar and the Graduate Program Director. She specializes in International Finance, Open Economy Macroeconomics, and International Trade. She completed her PhD in economics at Harvard University in 2002.
Chris Anderson is an Adjunct Associate Professor with the Department of Economics and is an Associate Professor at the School of Aquatic and Fishery Sciences. He specializes in Fisheries Management, Behavioral Economics, Game Theory and Panel Econometrics. He completed his PhD in Social Science at the California Institute of Technology in 2001.
Further Reading
Press Release: The Prize in Economic Sciences 2017, Nobelprize.org.
"RICHARD H. THALER: INTEGRATING ECONOMICS WITH PSYCHOLOGY", "The Prize in Economic Sciences 2017 - Press Release". Nobelprize.org.
"Easy money or a golden pension? Integrating economics and psychology", "The Prize in Economic Sciences 2017 - Press Release". Nobelprize.org.
About the Nobel Lecture
Due to a generous donation from alumna Olga Yang, BA '82, there is no charge for this lecture. This lecture has historically been supported by our alumni outreach organization members, formerly known as the UWEAO (UW Economics Alumni Organization).
The 2017 Nobel Prize lecture was delivered by Professors Fahad Khalil and Jacques Lawarree about Laureats Oliver Hart and Bengt Holmstrom.
The 2016 Nobel Prize lecture was delivered by Associate Professor Elaina Rose about Laureate Angus Deaton.
The 2015 Nobel Prize lecture was delivered by Professor Jacques Lawarree about Laureate Jean Tirole.
The 2014 Nobel Prize lecture was delivered by assistant professor Mu-Jeung Yang, who presented "The Empirical Revolution in Finance: Understanding How Financial Markets Process Information, Reward Risk-taking, and Follow Fads and Fashions," exploring the work of 2013 Laureates Eugene Fama, Lars Hansen, and Robert Shiller.
The 2013 Nobel Prize lecture was delivered by assistant professor Mu-Jeung Yang, who presented "From Inception to Implementation: Market Design from Labor Markets to Kidney Exchanges," exploring the work of 2012 Laureates Alvin Roth and Lloyd Shapely.