Nobel Prize Winner

I read on the news today that an Nobel Prize in Economics awardee Richard Thaler said that he will "spend it [the prize] as irrationally as possible". It's not something I would expect from a very smart economist, so this led me to learn more about his work in behavioral economics. His research focuses a lot in the "bad" human behaviors of prioritizing instant gratification over long-waited reward. As opposed to a lot of economics research that are more technical and specific, a lot of Thaler's work was very readable and applicable to many situations. It is quite amazing how numbers and statistics can suggest insight about human behavior, and can be used to fix problems in our messy world.