HW 3 - Richard Thaler Nobel Lecture: Richard Thaler (Links to an external site.) Copy and paste the link below in a web page. Watch this video and give your thoughts by answering the question...

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What was most memorable from Richard Thaler's Nobel Lecture and why? Include word count on top of page. Open the word document, there is a link to a video, watch the video and answer the question in more than 250 words. Please see attached word document.




HW 3 - Richard Thaler Nobel Lecture: Richard Thaler (Links to an external site.) Copy and paste the link below in a web page. Watch this video and give your thoughts by answering the question below: https://video.search.yahoo.com/video/play;_ylt=AwrC5pb5m8NaEWQAKN77w8QF;_ylu=X3oDMTEwNTJpbnQzBHNlYwNzcgRzbGsDdmlkBHZ0aWQDVklEQzEEZ3BvcwMx?p=richard+thaler+nobel+speech&vid=05741e2f14f9e79a858dd99e7cbc1d58&turl=https%3A%2F%2Ftse2.mm.bing.net%2Fth%3Fid%3DOVP.laIQ8X74HM5C-zjFtyH-lwEsCo%26pid%3D15.1%26h%3D168%26w%3D300%26c%3D7%26rs%3D1&rurl=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dej6cygeB2X0&tit=Nobel+Lecture%3A+Richard+Thaler%2C+The+Sveriges+Riksbank+Prize+in+Economic+Sciences&c=0&h=168&w=300&l=2985&sigr=11bcumpv2&sigt=12f98rduj&sigi=12rv0hbb2&age=1512746201&fr2=p%3As%2Cv%3Av&fr=crmas&tt=b&guccounter=1 Answer in 250+ Words: QUESTION: What was most memorable from Richard Thaler's Nobel Lecture and why? Include word count on top of page.   Guide to grading: · Outstanding thoughtful comments with depth of understanding & carefully edited submission scored > 90 · Good Work in general - expected MS work, but some under-developed written answers and / or poorly edited submission scored 80 - 90 · Satisfactory but with significant underdeveloped written answers and / or unpolished edited submission scored < 80>
Answered Same DayApr 18, 2021

Answer To: HW 3 - Richard Thaler Nobel Lecture: Richard Thaler (Links to an external site.) Copy and paste the...

Neenisha answered on Apr 19 2021
159 Votes
The most famous lecture of Richard Thaler was “From Cashews to Nudges: The Evolution of Behavioral Economics.”
In this speech of Richard Thaler, he described the idea of behavioral economics and the concept of mental accounting and prospect theory.
With this lecture he gave many insights. The lecture started with many examples like cashew bowl and how he and his economist friends indulged in the discussion.
He came up with the concepts of mental accounting and he explained it as tool used by organizations to deal with...
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