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Richard H Thaler - Misbehaving- The Making of Behavioral Economics (epub)

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† <strong>The</strong>re are, <strong>of</strong> course, exceptions to this generalization. In that era, George Stigler and Tom Schelling<br />

come to mind as great writers.<br />

‡ I was referring to Smith’s early work, cited by the Nobel committee. Later he delved into other more<br />

radical areas, including a series <strong>of</strong> experiments in which he could reliably produce an asset pricing bubble<br />

(Smith, Suchanek, and Gerry, 1998).<br />

§ Academic insiders might wonder how I landed a job in the Rochester business school after being a<br />

student in the economics department. Universities usually do not hire their own graduates. <strong>The</strong> answer is a<br />

long story, the short version <strong>of</strong> which is that I had been teaching at the business school while a graduate<br />

student, and when my first job fell through at the last minute, Bill Meckling, the school’s dean, <strong>of</strong>fered me a<br />

one-year position as a stopgap measure, and I ended up sticking around for a few more years.

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