Richard H. Thaler — The Winner’s Curse and Going Against the Establishment (with Nick Kokonas)

Transcript

There's a story I tell about a dinner party and I bring out a bowl of cashew nuts. People started eat nibbling as they do. And at some point I realized their appetite was in danger. And so I grabbed the bowl of cashew nuts and went and hid them in the kitchen. People thanked me. So you removed choice. And then because this is a group of economists,... Read More