Richard Thaler

Richard Thaler is a professor at the University of Chicago and he is a renown economist. Best known for his work in the area of behavioral finance , Thaler focuses on how human psychology affects economic decision making. Thaler recently wrote a piece on annuities which was published in the New York Times. The Times article focused on the annuity puzzle . The term annuity puzzle is used to describe the lack of annuity adoption (purchases) relative to what economists would consider rational...