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Behavioral Econs 101: Richard Thaler and mental accounting Part 1

Behavioral Econs 101: Richard Thaler and mental accounting Part 1

Richard Thaler, the 2017 Nobel Laureate for Economics, has spent a career trying to understand individuals as they really are, idiosyncrasies, irrationalities and all and in the process founded the field of behavioral economics. In this series of short essays, we will introduce the basic