Misbehaving (book) Misbehaving (book) Misbehaving: The Making of Behavioral Economics is a book by Richard Thaler, economist and professor at the University of Chicago's Booth School of Business. He won the Nobel Prize for economics in 2017. The book builds on Thaler's work as a Behavioral Economist in trying to present an alternate view point that humans bring along behavioral biases, are error prone, and are not always rational. This view point builds on his work from his previous book, Nudge published in 2008. Thaler ties this to the effect on markets, which are otherwise expected to be efficient. Thaler uses the
Daniel B. Klein by Cass Sunstein and Richard Thaler, as oxymoronic. He argued against what he perceived as an overly loose and weak definition of libertarianism on the grounds that Thaler and Sunstein made no meaningful distinction between liberty and coercion. In failing to define the concepts of liberty and coercion as fundamentally dissimilar processes. Libertarian paternalism uses a hyperrational behavior model of human nature as a definition for libertarianism, and neglects alternative definitions such as those advanced by Adam Smith and F.A. Hayek. Daniel B. Klein Daniel Bruce Klein (born January 16, 1962) is an American professor of economics at George Mason