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
Basel thaler , 1 and 2 Thaler coins, with Thaler only struck between 1764 and 1766. In the late 18th century, the canton issued billon coins for , 1 and 3 Batzen, silver pieces of , , and 1 Thaler, and gold "Duplone" and 1 and 2 "Gulden". The "Bistum" (Bishopric) issued silver Thaler for the first time in 1596. Bishop Wilhelm Rinck von Baldenstein (1608–1628) issued Thaler in 1623, Thaler in 1625 and 1 Thaler in 1624 and 1625. Bishop Johann Konrad II (1705–1737) issued Thaler in 1717 and 1 Thaler in 1716. These were the last Thaler-denominated coins issued by