Tag Archives: nobel

An introduction to Richard Thaler, winner of this year’s Nobel Prize for Economics

Often times it is hard to appreciate the work of Nobel Prize winners, including those in Economics. Thaler is not one of those people. His work is very approachable for laypeople, and the benefits of his work is obvious.

Here’s one example, of how his work led to better results for people in terms of pensions.

Youtube is a great source of videos on Thaler. If you want to get started understanding what is behind his thinking, you can start there.
In addition, the New York Times covers his award winning here and it is another good introduction. Finally, here is a piece in the Times that Thaler wrote himself, on the power of Nudges. If you do anything, read that.

Good to see him win.


How the Nobel Peace Prize is Awarded

As people debate the merits of President Obama winning the Nobel Peace Prize, they should keep in mind that the Prize is as much about influencing peace as it is about recognizing effort. Sometimes it is more about the latter. But this time it is as much about influence.

I don’t think that’s a bad thing. I also think that trying to predict and understand the thinking of the members who make the decision is difficult if not impossible.

That all said, congratulations to Obama. Nice way to end the week!