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HW 3 - Richard Thaler Nobel Lecture: Richard ThalerĀ (Links to an external site.) Copy and paste the link below in a web page. Watch this video and give your thoughts by answering the question...

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HW 3 - Richard Thale
Nobel Lecture: Richard ThalerĀ (Links to an external site.)
Copy and paste the link below in a web page. Watch this video and give your thoughts by answering the question below:
https:
video.search.yahoo.com/video/play;_ylt=AwrC5pb5m8NaEWQAKN77w8QF;_ylu=X3oDMTEwNTJpbnQzBHNlYwNzcgRzbGsDdmlkBHZ0aWQDVklEQzEEZ3BvcwMx?p=richard+thaler+nobel+speech&vid=05741e2f14f9e79a858dd99e7cbc1d58&turl=https%3A%2F%2Ftse2.mm.bing.net%2Fth%3Fid%3DOVP.laIQ8X74HM5C-zjFtyH-lwEsCo%26pid%3D15.1%26h%3D168%26w%3D300%26c%3D7%26rs%3D1&rurl=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dej6cygeB2X0&tit=Nobel+Lecture%3A+Richard+Thaler%2C+The+Sveriges+Riksbank+Prize+in+Economic+Sciences&c=0&h=168&w=300&l=2985&sigr=11bcumpv2&sigt=12f98rduj&sigi=12rv0h
2&age= XXXXXXXXXX&fr2=p%3As%2Cv%3Av&fr=crmas&tt=b&guccounter=1
Answer in 250+Ā Words:
QUESTION:
What was most memorable from Richard Thaler's Nobel Lecture and why? Include word count on top of page.
Ā 
Guide to grading:
Ā· OutstandingĀ thoughtful comments with depth of understanding & carefully edited submission scored > 90
Ā· Good WorkĀ in general - expected MS work, but some under-developed written answers and / or poorly edited submission scored XXXXXXXXXX
Ā· SatisfactoryĀ but with significant underdeveloped written answers and / or unpolished edited submission scored < 80
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Answered Same Day Apr 18, 2021

Solution

Neenisha answered on Apr 19 2021
161 Votes
The most famous lecture of Richard Thaler was ā€œFrom Cashews to Nudges: The Evolution of Behavioral Economics.ā€
In this speech of Richard Thaler, he described the idea of behavioral economics and the concept of mental accounting and prospect theory.
With this lecture he gave many insights. The lecture started with many examples like cashew bowl and how he and his economist friends indulged in the discussion.
He came up with the concepts of mental accounting and he explained it as tool used by organizations to deal with...
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