On Thursday, October 9, Alex Imas and Richard Thaler joined Markus’ Academy for a conversation on their new book, The Winner’s Curse. Imas is the Roger L. and Rachel M. Goetz Professor of Behavioral Science, Economics and Applied AI at the University of Chicago Booth School of Business. Thaler is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Introductory remarks by Markus Brunnermeier.
Watch the full presentation below. You can watch all Markus’ Academy webinars on the Markus’ Academy YouTube channel.
Timestamps:
[0:00] Introduction
[3:50] Economists should listen to Kahneman
[33:08] Progress in behavioral economics
[40:12] Selling fast and buying slow
[48:00] The robustness and future of behavioral econ