Richard H. Thaler was born after the Second World War, the 12 September 1945. In 1974 holds a doctorate from the University of Rochester, under the supervision of Sherwin Rosen, for his thesis entitled The Value of Saving a Life: A Market Stima (Thaler and Rosen [1976]). Thaler describes his meeting with Kahneman and Tversky during a stay at Stanford in 1977 as a decisive step in his intellectual journey. This will result in a long collaboration that will lead to numerous notable publications.
Settling at the University of Chicago in 1995, Thaler is confronted daily with the greatest thinkers of the rational current. This stance probably led him to polish his arguments to face sometimes ferocious opponents.
Thaler deserves credit for having highlighted the empirical limits of the rational model. Finally, the consideration of rationality flaws has found a great deal of echo in the development of better public policies in the wake of his work on nudges, (magnificent work)
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