FYI: This year’s Nobel Prize in economics was awarded for calling out loud, “The emperor has no clothes.”
Richard Thaler, an economics professor at the University of Chicago Booth School of Business, has spent most of the past four decades pointing out that people don’t act — or invest — the way economists say they do. He has also changed the investing world itself, enabling millions of people to save more than they otherwise would have thought possible.
Regards,
Ted
http://jasonzweig.com/richard-thaler-a-nobel-prize-for-human-nature/
