1. thaler - Noun
2. Thaler - Proper noun
A German silver coin worth about three shillings sterling, or about 73 cents.
Source: Webster's dictionaryHoly Roman Emperor Allegorical depiction of Charles's coronation as Holy Roman Emperor (1742) Thaler coin of Charles VII, dated 1743 In continuance of the policy of his father, Charles Albert aspired to an even higher rank. Source: Internet
But it was the Chicago economist, Richard Thaler, a friend and colleague of Kahneman, who popularised behavioural economics in the form of “nudge theory”, especially among heads of state and within government departments. Source: Internet
THALER: Well, I don’t know really what was going on in 1918, but it is the case that economics was behavioral. Source: Internet
He wants to know, “How did you, Richard Thaler, use your behavioral-economics research to not run away with the $1 million-plus prize money of the Nobel Prize and go buy a Ferrari?” Source: Internet
I have previously argued () that while the libertarian paternalism Thaler advocates is preferable to coercive paternalism, people need to be vigilant to ensure that they not being nudged toward choices that are contrary to their interests. Source: Internet
This is what is known as a “nudge,” the theory accredited to another author on our longlist, Richard Thaler. Source: Internet