The 2017 Nobel Prize in Economics
Abstract
The Royal Swedish Academy of Sciences has decided to award the Swedish National Bank Prize for Excellence in Economic Sciences in memory of Alfred Nobel to Richard Thaler "for his contributions to behavioural economics". Richard Thaler1 was born on 12 September 1945 in East Orange, New Jersey, USA. He defended his doctoral thesis on 'How much does it cost to save a life: a market valuation' in 1974 at the University of Rochester, USA.
References
Ainslie, G. W. (1974). Impulse Control in Pigeons. – Journal of the Experimental Analysis of Behavior 21, 485-489.
Ainslie, G. W. (1975). Specious reward: A Behavioral Theory of Impulsiveness and Impulse Control. – Psychological Bulletin 82, 463-496.
Ainslie, G. W. (1992). Picoeconomics. Cambridge: Cambridge University Press.
Akerlof, G. A. (1979). The Case against Conservative Macroeconomics: An Inaugural Lecture. – Economica 46, 219-237.
Akerlof, G. A. (1982). Labor Contracts as Partial Gift-Exchange. – Quarterly Journal of Economics 97, 543-569.
Akerlof, G.A, W.T. Dickens, and G.L. Perry (1996). The Macroeconomics of Low Inflation. Brookings Papers on Economic Activity 1996-1, 1-52.
Allais, M. (1947). Économie et Intérêt. Paris: Imprimerie Nationale.
Allais, M. (1953). Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine. – Econometrica 21, 503-546.
Arad, A. and A. Rubinstein (2015). The People’s Perspective on LibertarianPaternalistic Policies. Mimeo, Tel Aviv University.
Ashraf, N., C. F. Camerer, and G. Loewenstein (2005). Adam Smith, Behavioral Economist. – Journal of Economic Perspectives 19, 131-145.
Attema, A. E., H. Bleichrodt, Y. Gao, Z. Huang, and P. P. Wakker (2016). Measuring Discounting without Mesauring Utility. – American Economic Review 106, 1476-1494.
Ayres, I., S. Raseman, and A. Shih (2013). Evidence from Two Large Field Experiments that Peer Comparison Feedback Can Reduce Residential Energy Usage. – Journal of Law, Economics, & Organization 29, 992-1022.
Baker, M. and J. Wurgler (2013). Behavioral Corporate Finance: An Updated Survey. – In: Eckbo and Ruback (eds.): Handbook of the Economics of Finance. Elsevier.
Banford, N. D., J. L. Knetsch, and G. A. Mauser (1979). Feasibility Judgments and Alternative measures of Benefits and Costs. – Journal of Business Administration 11, 25-35.
Barberis, N. (2013). Thirty Years of Prospect Theory in Economics: A Review and Assessment. – Journal of Economic Perspectives 27, 173-196.
Barberis, N., M. Huang, and R. H. Thaler (2006). Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing. – American Economic Review 96, 1069-1090.
Barberis, N., M. Huang, and T. Santos (2001). Prospect Theory and Asset Prices. – Quarterly Journal of Economics 65, 1-53.
Barberis, N. and R. H. Thaler (2003). A Survey of Behavioral Finance. – In: G. Constantinides, M. Harris, and R. Stulz (eds.). Handbook of the Economics of Finance. Elsevier Science B.V.
Becker, G. S. (1974). A Theory of Social Interactions. – Journal of Political Economy 82, 10631093.
Bénabou, R. and M. Pycia (2002). Dynamic Inconsistency and Self-Control: A Planner-Doer Interpretation. – Economics Letters 77, 419-424.
Bénabou, R. and J. Tirole (2004). Willpower and Personal Rules. – Journal of Political Economy 112, 848-886.
Benartzi, S., J. Beshears, K. L. Milkman, C. R. Sunstein, R. H. Thaler, M. Shankar,
W. T. Ray, W. J. Congdon, and S. J. Galing (2017). Should Governments Invest More in Nudging? Psychological Science doi:10.1177/0956797617702501
Benartzi, S. and R. H. Thaler (1995). Myopic Loss-Aversion and the Equity Premium Puzzle. – Quarterly Journal of Economics 110, 75-92.
Benartzi, S. and R. H. Thaler (1999). Risk Aversion or Myopia? Choices in Repeated Gambles and Retirement Investments. – Management Science 45, 364-381.
Benartzi, S. and R. H. Thaler (2001). Naïve Diversification Strategies in Defined Contribution Saving Plans. – American Economic Review 91, 79-98.
Benartzi, S. and R. H. Thaler (2013). Behavioral Economics and the Retirement Savings Crises. – Science 339, 1152-1153.
Benjamin, D. J., S. A. Brown, and J. M. Shapiro (2013). Who Is Behavioral? Cognitive Ability and Anomalous Preferences. – Journal of the European Economic Association 11, 12311255.
Berk, J. and R. Stanton (2007). Managerial Ability, Compensation, and the Closed-End Fund Discount. – Journal of Finance 62, 529-556.
Bishop, R. C. and T. A. Heberlein (1979). Measuring Values of Extramarket Goods: Are Indirect measures Biased? – American Journal of Agricultural Economics 61, 926-930.
Böhm-Bawerk, E. (1889). Positive Theory of Capital (translated by W. Smart). New York: Stechert.
Bolton, G. and A. Ockenfels (2000). ERC: A Theory of Equity, Reciprocity, and Competition. – American Economic Review 90, 166-193.
Bond, R. M., C. J. Fariss, J. J. Jones, A. D. I. Kramer, C. Marlow, J. E. Settle, and
J. H. Fowler (2012). A 61-Million-Person Experiment in Social Influence and Political Mobilization. – Nature 489, 295-298.
Breman, A. (2011). Give More Tomorrow: Two Field Experiments on Altruism and Intertemporal Choice. – Journal of Public Economics 95, 1349-1357.
Brenner, L., Y. Rottenstreich, S. Sood, and B. Bilgin (2007). On the Psychology of Loss Aversion: Possession, Valence, and Reversals of the Endowment Effect. – Journal of Consumer Research 34, 369-376
Brown, Z., N. Johnstone, I. Hascic, L. Vong, and F. Barascud (2013). Testing the Effect of Defaults on the Thermostat Settings of OECD Employees. – Energy Economics 39, 128134.
Camerer, C. F. (2003). Behavioral Game Theory: Experiments in Strategic Interactions. Princeton: Princeton University Press.
Camerer, C. F. (2007). Neuroeconomics: Using Neuroscience to Make Economic Predictions. – Economic Journal 117, C26-C42.
Camerer, C. F. (2014). Behavioral Economics. – Current Biology 24, R867-R871.
Camerer, C. F. and G. Loewenstein (2004). Behavioral Economics: Past, Present, and Future. – In: Camerer, C. F., G. Loewenstein, and M. Rabin (eds.). Advances in Behavioral Economics. Princeton University Press.
Camerer, C. F., L. Babcock, G. Loewenstein, and R. H. Thaler (1997). Labor Supply of New York City Cab Drivers: One Day at a Time. – Quarterly Journal of Economics 112, 407-442.
Camerer, C. F., S. Issacharoff, G. Loewenstein, T. O’Donoghue, and M. Rabin (2003). Regulation for Conservatives: Behavioral Economics and the Case for ‘Asymmetric Paternalism’. – University of Pennsylvania Law Review 151, 1211-1254.
Charness, G. and M. Rabin. (2002). Understanding Social Preferences with Simple Tests. – Quarterly Journal of Economics 117, 817-869.
Chetty, R., J. N. Friedman, S. Leth-Petersen, T. H. Nielsen, and T. Olsen (2014). Active vs. Passive Decisions and Crowd-Out in Retirement Savings Accounts: Evidence from Denmark. – Quarterly Journal of Economics 129, 1141-1219.
Choi, J. J., D. Laibson, B. Madrian, and A. Metrick (2004). For Better or for Worse: Default Effects and 401(k) Savings Behavior. In: Perspectives in the Economics of Aging. Wise, D. (ed.). Chicago: University of Chicago Press: 81-121.
Coase, R. H. (1960). The Problem of Social Cost. – Journal of Law and Economics 3, 1-44.
Coursey, D. L., J. L. Hovis, and W. D. Schulze (1987). The Disparity between Willingness to Accept and Willingness to Pay Measures of Value. – Quarterly Journal of Economics 102, 679-690.
Crawford, V. P. and J. Meng (2011). New York City Cab Drivers’ Labor Supply Revisited: Reference-Dependent Preferences with Rational-Expectations Targets for Hours and Income. – American Economic Review 101, 1912-1932.
Cronqvist, H. and R. H. Thaler (2004). Design Choices in Privatized SocialSecurity Systems: Lessons from the Swedish Experience. – American Economic Review 94, 424428.
De Bondt, W. F. M., and R. H. Thaler (1985). Does the Stock Market Overreact? Journal of Finance 40, 793-805.
De Bondt, W.F.M. and R. H. Thaler (1987). Further Evidence on Investor Overreaction and Stock Market Seasonality. – Journal of Finance 42, 557-581.
De Long, J. B., A. Shleifer, L. H. Summers, and R. J. Waldmann (1990). Noise Trader Risk in Financial Markets. – Journal of Political Economy 98, 703-738.
Dellavigna, S. (2009). Psychology and Economics: Evidence from the Field. – Journal of Economic Literature 47, 315-372.
Duflo, E., M. Kremer, and J. Robinson (2011). Nudging Farmers to Use Fertilizer: Theory and Experimental Evidence from Kenya. – American Economic Review 101, 2350-2390.
Engel, C. (2011). Dictator Games: A Meta Study. – Experimental Economics 14, 583-610.
Ericson, K. M. M. and A. Fuster (2014). The Endowment Effect. – Annual Review of Economics 6, 555-579.
Evans, J. and K. E. Stanovich (2013). Dual-Process Theories of Higher Cognition: Advancing the Debate. – Perspectives on Psychological Science 8, 223-241.
Fama, E. (1970). Efficient Capital Markets: A Review of Theory and Empirical Evidence. – Journal of Finance 25, 383-417.
Farber, H. S. (2005). Is Tomorrow Another Day? The Labor Supply of New York City Cab Drivers. – Journal of Political Economy 113, 46-82.
Farber, H. S. (2008). Reference-Dependent Preferences and Labor Supply. – American Economic Review 98, 1069-1082.
Farnsworth, W. (1999). Do Parties to Nuisance Cases Bargain after Judgment? A Glimpse inside the Cathedral. – University of Chicago Law Review 66, 373-346.
Fehr, E. and U. Fischbacher (2004). Third Party Punishment and Social Norms. – Evolution and Human Behavior 25, 63-87.
Fehr, E. and L. Goette (2007). Do Workers Work More if Wages are High? Evidence from a Randomized Field Experiment. – American Economic Review 97, 298-317.
Fehr, E. and S. Gächter (2000a). Cooperation and Punishment in Public Goods Experiments. – American Economic Review 90, 980-994.
Fehr, E. and S. Gächter (2000b). Fairness and Retaliation: The Economics of Reciprocity. – Journal of Economic Perspectives 14, 159-181.
Fehr, E., G. Kirchsteiger, and A. Riedl (1993). Does Fairness Prevent Market Clearing? An Experimental Investigation. – Quarterly Journal of Economics 108, 437-460.
Fehr, E. and K. Schmidt (1999). A Theory of Fairness, Competition, and Cooperation. – Quarterly Journal of Economics 114, 817-868.
Fehr, E. and J. R. Tyran (2001). Does Money Illusion Matter? – American Economic Review 91, 1239-1262.
Fisher, I. (1930). The Theory of Interest, as Determined by Impatience to Spend Income and Opportunity to Invest it. New York: Macmillan.
Frederick, S., G. Loewenstein, and T. O´Donoghue (2002). Time Discounting and Time Preference: A Critical Review. – Journal of Economic Literature 40, 351-401.
Freud, S. (1955). Beyond the Pleasure Principle. – In: The Standard Edition of the Complete Psychological Works of Sigmund Freud. Strachey, J. and Freud, A. (eds.). London: Hogarth.
Fudenberg, D. and D. K. Levine (2006). A Dual-Self Model of Impulse Control. – American Economic Review 96, 1449-1476.
Fudenberg, D. and D. K. Levine (2011). Risk, Delay and Self-Control Costs. – American Economic Journal: Microeconomics 3, 34-68.
Fudenberg, D. and D. K. Levine. (2012). Timing and Self-Control. – Econometrica 80, 1-42.
Fuster, J. M. (1980). The Prefrontal Cortex. New York: Raven.
Gruber, J. and B. Köszegi (2001). Is Addiction “Rational”? Theory and Evidence. – Quarterly Journal of Economics 116, 1261-1303.
Gul, F. and W. Pesendorfer (2001). Dynamic Inconsistency and Self-Control. – Econometrica 69, 1403-1436.
Güth, W., R. Schmittberger, and B. Schwarze (1982). An Experimental Analysis of Ultimatum Bargaining. – Journal of Economic Behavior and Organization 3, 367-388. Hagman, W., D. Andersson, D. Västfjäll, and G. Tinghög (2015). Public Views on
Policies Involving Nudges. – Review of Philosophy and Psychology 6, 439-453.
Hallsworth, M., J. A. List, R. D. Metcalfe, and I. Vlaev (2014). The Behavioralist as Tax Collector: Using Natural Field Experiments to Enhance Tax Compliance. Working Paper 20007, National Bureau of Economic Research.
Hammack, J. and G. M. Brown Jr. (1974). Waterfowl and Wetlands: Toward Bioeconomic Analysis. Baltimore: Johns Hopkins Press.
Hanemann, W. M. (1991). Willingness to Pay and Willingness to Accept: How Much Can They Differ? – American Economic Review 81, 635-647.
Harrison, G. W., M. I. Lau, and M. B. Williams (2002). Estimating Individual Discount Rates in Denmark. – American Economic Review 92, 1606-1617.
Hastings, J.S. and J. M. Shapiro (2013). Fungibility and Consumer Choice: Evidence from Commodity Price Shocks. – Quarterly Journal of Economics 128, 1449-1498.
Henrich, J., R. Boyd, S. Bowles, C. Camerer, E. Fehr, H. Gintis, R. McElreath, M. Alvard, A. Barr, J. Ensminger, N. Smith Henrich, K. Hill, F. Gil-White, M. Gurven, F.W. Marlowe, J. Q. Patton, and D. Tracer (2005). “Economic Man” in Cross-Cultural Perspective: Behavioral Experiments in 15 Small-Scale Societies. – Behavioral and Brain Sciences 28, 795-855.
Hossain, T. and J. List (2012). The Behavioralist Visits the Factory: Increasing Productivity Using Simple Framing Manipulations. – Management Science 58, 21512167.
Hume, D. (1739). A Treatise of Human Nature. Reprinted from the original edition in three volumes and edited, with an analytical index, by L.A. Selby-Bigge, M.A. Oxford: Clarendon Press, 1896.
Infante, G., G. Lecouteux, and R. Sugden (2016). Preference Purification and the Inner Rational Agent: A Critique of the Conventional Wisdom of Behavioral Welfare Economics. – Journal of Economic Methodology 23, 1-25.
Isoni, A., G. Loomes, and R. Sugden (2011). The Willingness to Pay-Willingness to Accept Gap, the “Endowment Effect,” Subject Misconceptions, and Experimental Procedures for Eliciting Valuations. – American Economic Review 101, 991-1011.
James, W. (1890). The Principles of Psychology. New York: Henry Holt and Company.
Johnson, E. J. and D. Goldstein (2003). Do Defaults Save Lives? – Science 302, 1338-1339.
Jolls, C., C. Sunstein, and R. H. Thaler (1998). A Behavioral Approach to Law and Economics. – Stanford Law Review 50, 1471-1550.
Kahneman, D. (2003a). Maps of Bounded Rationality: Psychology for Behavioral Economics. – American Economic Review 93, 1449-1475.
Kahneman, D. (2011). Thinking, Fast and Slow. New York: Farrar, Straus and Giroux.
Kahneman, D., J. L. Knetsch, and R. H. Thaler. (1986a). Fairness and the Assumptions of Economics. – Journal of Business 59, S285-S300.
Kahneman, D., J. L. Knetsch, and R. H. Thaler (1986b). Fairness as a Constraint on Profit Seeking. – American Economic Review 76, 728-741.
Kahneman, D., J. L. Knetsch, and R. H. Thaler (1990). Experimental Tests of the Endowment Effect and the Coase Theorem. – Journal of Political Economy 98, 1325-1348.
Kahneman, D., J. L. Knetsch, and R. H. Thaler (1991). The Endowment Effect, Loss Aversion, and Status Quo Bias. – Journal of Economic Perspectives 5, 193-206.
Kahneman, D. and A. Tversky (1979). Prospect Theory: An Analysis of Decision under Risk. – Econometrica 47, 263-291.
Karlan, D., M. McConnel, S. Mullainathan, and J. Zinman (2016). Getting to the Top of Mind: How Reminders Increase Saving. – Management Science, published online.
Knetsch, J. L. (1989). The Endowment Effect and Evidence of Nonreversible Indifference Curves. – American Economic Review 79, 1277-1284.
Knetsch, J. L. and J. A. Sinden (1984). Willingness to Pay and Compensation Demanded: Experimental Evidence of an Unexpected Disparity in Measures of Value. – Quarterly Journal of Economics 99, 507-521.
Kraft, M. and T. Rogers (2014). The Underutilized Potential of Teacher-to-Parent Communication: Evidence from a Field Experiment. Working Paper RWP14-049, Harvard Kennedy School of Government.
Kurzban, R. (2012). Why Everyone (Else) Is a Hypocrite: Evolution and the Modular Mind. Princeton: Princeton University Press.
Kydland, F. and E. C. Prescott (1977). Rules Rather than Discretion: The Inconsistency of Optimal Plans. – Journal of Political Economy 85, 473-492.
Kőszegi, B. and M. Rabin (2006). A Model of Reference-Dependent Preferences. – Quarterly Journal of Economics 121, 1133-1165.
Laibson, D. (1997). Golden Eggs and Hyperbolic Discounting. – Quarterly Journal of Economics 112, 443-477.
Lamont, O. A. and R. H. Thaler (2003). Can the Market Add and Subtract?
Mispricing in Tech Stock Carve-outs. – Journal of Political Economy 111, 227-268.
Lee, C. M. C., A. Shleifer, and R. H. Thaler (1991). Investor Sentiment and the Closed-End Fund Puzzle. – Journal of Finance 46, 75-109.
List, J. A. (2004). Neoclassical Theory versus Prospect Theory: Evidence from the Marketplace. – Econometrica 72, 615-625.
Madrian, B. C. and D. F. Shea (2001). The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior. – Quarterly Journal of Economics 116, 1149-1225.
McClure, S. M., D. I. Laibson, G. Loewenstein, and J. D. Cohen (2004). Separate Neural Systems Value Immediate and Delayed Monetary Rewards. – Science 306, 503-507.
Mehra, R. and E. Prescott (1985). The Equity Premium: A Puzzle. – Journal of Monetary Economics 15, 145-161.
Metcalfe, J. and W. Mischel (1999). A Hot/Cool-System Analysis of Delay of Gratification: Dynamics of Willpower. – Psychological Review 106, 3-19.
Mischel, W. (2014). The Marshmallow Test: Understanding Self-Control and How to Master it. Little Brown and Company: New York.
Mischel, W., Y. Shoda, and M. L. Rodriguez (1989). Delay of Gratification. – Science 244, 933-938.
Morewedge, C. K. and C. E. Giblin (2015). Explanations of the Endowment Effect: An Integrative Review. – Trends in Cognitive Science 19, 339-348.
Morewedge, C. K., L. L. Shu, D. T. Gilbert, and T. D. Wilson (2009). Ownership and Not Loss Aversion Causes the Endowment Effect. – Journal of Experimental Social Psychology 45, 947-951.
Nickerson, D. J., and T. Rogers (2010). Do You Have a Voting Plan? Implementation Intentions, Voter Turnout, and Organic Plan Making. – Psychological Science 21, 194-199.
Nowak, M. A. (2006). Five Rules for the Evolution of Cooperation. – Science 314, 1560-1563.
Odean, T. (1998). Are Investors Reluctant to Realize Their Losses? – Journal of Finance 53, 1775-1798.
O´Donoghue, T. and M. Rabin (1999). Doing it Now or Later? – American Economic Review 89, 103-124.
O´Donoghue, T. and M. Rabin (2001). Choice and Procrastination. – Quarterly Journal of Economics 116, 121-160.
O´Donoghue, T. and M. Rabin (2006). Optimal Sin Taxes. – Journal of Public Economics 90, 1825-1849.
Okun, A. (1981). Prices and Quantities: A Macroeconomic Analysis. Washington: The Brookings Institution.
Ostrom, E., J. Walker, and R. Gardner (1992). Covenants With and Without a Sword: Self-Governance Is Possible. – American Political Science Review 86, 404-417.
Phelps, E. S. and R. A. Pollak (1968). On Second-Best National Saving and Game-Equilibrium Growth. – Review of Economic Studies 35, 185-199.
Pigou, A. C. (1920). The Economics of Welfare. London: Macmillan.
Plott, C. R. and K. Zeiler (2005). The Willingness to Pay-Willingness to Accept Gap, the “Endowment Effect,” Subject Misconceptions, and Experimental Procedures for Eliciting Valuations. – American Economic Review 95, 530-545.
Post T., M. J. van dem Assem, G. Baltussen, and R. H. Thaler (2008). Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show. – American Economic Review 98, 38-71.
Prelec, D. and G. Loewenstein. (1998). The Red and the Black: Mental Accounting of Savings and Debt. – Marketing Science 17, 4-28.
Rabin, M. (1993). Incorporating Fairness into Game Theory and Economics. – American Economic Review 83, 1281-1302.
Rabin, M. (1998). Psychology and Economics. – Journal of Economic Literature 36, 11-46.
Rabin M. and G. Weizsäcker (2009). Narrow Bracketing and Dominated Choices. – American Economic Review 99, 1508-1543.
Raifman, J. R. G., H. E. Lanthorn, S. Rokicki, and G. Fink (2014). The Impact of Text Message Reminders on Adherence to Anti-malarial Treatment in Northern Ghana: A Randomized Trial. PLOS ONE 9, e109032.
Read, D., G. Loewenstein, and M. Rabin (1999). Choice Bracketing. – Journal of Risk and Uncertainty 19, 171-197.
Reisch, L. A. and C. R. Sunstein (2016). Do Europeans Like Nudges? – Judgment and Decision Making 11, 310-325.
Reisch, R. A, C. R. Sunstein, and W. Gwozdz (2017). Beyond Carrot and Sticks: Europeans Support Health Nudges. – Food Policy 69, 1-10.
Samuelson, P. A. (1937). A Note on Measurement of Utility. – Review of Economic Studies 4, 155-161.
Samuelson, W. and R. Zeckhauser (1988). Status Quo Bias in Decision Making. – Journal of Risk and Uncertainty 1, 7-59.
Sauermann, H. and R. Selten (1962). Anspruchsanpassungstheorie der Unternehmung. – Zeitschrift für die gesamte Staatswissenschaft, 118, 577-597.
Schelling, T. C. (1960). The Strategy of Conflict. Cambridge, Massachusetts: Harvard University Press.
Schelling, T. C. (1978). Egonomics, or the Art of Self-Management. – American Economic Review Papers and Proceedings 63, 134-139.
Schneider, W. and R. M. Shiffrin (1977). Controlled and Automatic Human Information Processing: I. Detection, Search, and Attention. – Psychological Review 84, 1-66.
Schultz, P. W., J. M. Nolan, R. B. Cialdini, N. J. Goldstein, and V. Griskevicius (2007). The Constructive, Destructive, and Reconstructive Power of Social Norms. – Psychological Science 18, 429-434.
Selten, R. and C. C. Berg (1970). Drei experimentelle Oligopolspielserien mit kontinuierlichem Zeitablauf. – In: H. Sauermann. Beiträge zur experimentellen Wirtschaftsforschung, Vol. II, J.C.B. Mohr (Paul Siebeck), Tübingen.
Sen, A. K. (1977). Rational Fools: A Critique of the Behavioral Foundations of Economic Theory. – Philosophy & Public Affairs 6, 317-344.
Shafir, E. and R. H. Thaler (2006). Invest Now, Drink Later, Spend Never: On the Mental Accounting of Delayed Consumption. – Journal of Economic Psychology 27, 694-712.
Shang, J. and R. Croson (2009). A Field Experiment in Charitable Contribution: The Impact of Social Information on the Voluntary Provision of Public Goods. – Economic Journal 119, 1422-1439.
Shefrin, H. M. and M. Statman (1985). The disposition to sell winners too early and ride losers too long: Theory and evidence. – Journal of Finance 40, 777-790.
Shefrin, H. M. and R. H. Thaler (1988). The Behavioral Life-Cycle Hypothesis. – Economic Inquiry 26, 609-643.
Shiffrin, R. M. and W. Schneider (1977). Controlled and Automatic Human Information Processing: II. Perceptual Learning, Automatic Attending, and a General Theory. – Psychological Review 84, 127-190.
Shiller, R. J. (1981). Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends? – American Economic Review 71, 421-436.
Shiller R. J. (1984). Stock Prices and Social Dynamics. Brookings Papers on Economic Activity 2, 457-510.
Shleifer, A. and R. W. Vishny (1997). Limits To Arbitrage. – Journal of Finance 52, 35-55.
Shogren, J. F., S. Y. Shin, D. J. Hayes, and J. B. Kliebenstein (1994). Resolving Differences in Willingness to Pay and Willingness to Accept. – American Economic Review 84, 255-270.
Simon, H. A. (1955). A Behavioral Model of Rational Choice. – Quarterly Journal of Economics 69, 99-118.
Sinclair, W. F. (1978). The Economic and Social Impact of Kemano II Hydroelectric Project on British Columbia’s Fisheries Resources. Vancouver: Department of Fisheries and Oceans.
Smith, A. (1759). Theory of Moral Sentiments. London: Millar.
Solow, R. M. (1980). On Theories of Unemployment. – American Economic Review 70, 1-11.
Strotz, R .H. (1956). Myopia and Inconsistency in Dynamic Utility Maximization. – Review of Economic Studies 23, 165-180.
Sugden, R. (2013). The Behavioral Economist and the Social Planner: To Whom Should Behavioral Welfare Economics Be Addressed? – Inquiry 56, 519-538.
Sugden, R. (2015). Looking for a Psychology for the Inner Rational Agent. – Social Theory and Practice 41, 579-598.
Sunstein, C. R. (2017). Do People Like Nudges? – Administrative Law Review, forthcoming.
Sunstein, C. R. and R. H. Thaler (2003). Libertarian Paternalism Is Not an Oxymoron. – University of Chicago Law Review 70, 1159-1202.
Thaler, R. H. (1974). The Value of Saving a Life: A Market Estimate. PhD thesis, University of Rochester.
Thaler R. H. (1980). Toward a Positive Theory of Consumer Choice. – Journal of Economic Behavior and Organization 1, 39-60.
Thaler, R. H. (1981). Some Empirical Evidence on Dynamic Inconsistency. – Economics Letters 8, 201-207.
Thaler, R. H. (1985). Mental Accounting and Consumer Choice. – Marketing Science 4, 199214.
Thaler, R. H. (1994). Psychology and Savings Policies. – American Economic Review 84, 186192.
Thaler, R. H. (1999). Mental Accounting Matters. – Journal of Behavioral Decision Making 12, 183-206.
Thaler, R. H. (2015). Misbehaving: The Making of Behavioral Economics. New York: W. W. Norton & Company
Thaler, R. H. and S. Benartzi (2004). Save More TomorrowTM: Using Behavioral Economics to Increase Employee Saving. – Journal of Political Economy 112, S164S187.
Thaler, R. H. and E. J. Johnson (1990). Gambling with the House Money and Trying to Break Even: the Effects of Prior Outcomes on Risky Choice. – Management Science 36, 643-660.
Thaler, R. H. and S. Rosen (1976). The Value of Saving a Life. In: Terleckyj, N. H. (ed.). Household Production and Consumption. New York: National Bureau of Economic Research.
Thaler, R. H. and H. M. Shefrin (1981). An Economic Theory of Self-Control. – Journal of Political Economy 89, 392-406.
Thaler, R. H. and C. R. Sunstein (2003). Libertarian Paternalism. – American Economic Review Papers and Proceedings 93, 175-179.
Thaler, R. H. and C. R. Sunstein (2008). Nudge: Improving Decisions about Health, Wealth, and Happiness. New Haven: Yale University Press.
Thaler, R. H., A. Tversky, D. Kahneman, and A. Schwartz (1997). The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test. – Quarterly Journal of Economics 112, 647-661.
Tuncel, T. and J. K. Hammitt (2014). A New Meta-Analysis on the WTP/WTA Disparity. – Journal of Environmental Economics and Management 68, 175-187.
Tversky, A. and D. Kahneman (1974). Judgment under Uncertainty: Heuristics and Biases. – Science 185, 1124-1131.
Tversky, A. and D. Kahneman (1981). The Framing of Decisions and the Psychology of Choice. – Science 211, 453-458.
Tversky, A. and D. Kahneman (1991). Loss-Aversion in Riskless Choice: A Reference-Dependent Model. – Quarterly Journal of Economics 106, 1039-1061.
Tversky, A. and D. Kahneman (1992). Advances in Prospect Theory: Cumulative Representation of Uncertainty. – Journal of Risk and Uncertainty 5, 297-323.
Van Dalen, H. P. and K. Henkens (2014). Comparing the Effects of Defaults in Organ Donation Systems. – Social Science & Medicine 106, 137-142.
Viscusi, W. K. (1993). The Value of Risks to Life and Health. Journal of Economic Literature 31, 1912-1946.
Von Neumann, J. and O. Morgenstern (1944). Theory of Games and Economic Behavior. Princeton, NJ: Princeton University Press.
Wason, P. C. and J. Evans (1975). Dual Processes in Reasoning. – Cognition 3, 141-154.
Whitehead, M., R. Jones, R. Howell, R. Lilley, and J. Pykett (2014). Nudging All Over the World: Assessing the Global Impact of the Behavioral Sciences on Public Policy. Economic and Social Research Council, UK.
York, B. N. and S. Loeb (2014). One Step at a Time: The Effects of an Early Literacy Text Messaging Program for Parents of Preschoolers. Working Paper 20659, National Bureau of Economic Research.
Yung, J. Y. and B .A. Mellers (2016). American Attitudes toward Nudges. – Judgment and Decision Making 11, 62-74.
Zamir, E. and D. Teichman. (2014). The Oxford Handbook of Behavioral Economics and the Law. Oxford and New York: Oxford University Press.
Zweig, M. E. (1973). An Investor Expectations Stock Price Predictive Model Using Closed-End Fund Premiums. – Journal of Finance 28, 67-87.