“But then, since we were economics graduate students,” Thaler recalled, “we immediately started analyzing this. He recalled that when he came back, his friends thanked him for it (and found themselves with room to enjoy a big dinner). So Thaler, worried that his guests would fill up on the salty snacks, whisked the bowl away. As Thaler explains in his latest book, Misbehaving: The Making of Behavioral Economics, the guests while waiting with cocktails for the meal, were devouring the cashews-the entire bowl half-eaten in minutes. Thaler traces its beginnings to a dinner party he hosted in the 1970s. Photography by Chris Strong.Ī quiet revolution in economic thinking instigated by Richard H. Management Science and Operations ManagementĬontact Employer Relations and Corporate Relations MBA Master of Arts in Middle Eastern Studies MBA Master of Arts in International Relations MBA MA Eastern European Russian Eurasian Studies The University of Chicago Booth School of Business
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