INFORMS congratulates Nobel Prize winner Richard Thaler

CATONSVILLE, MD, October 12, 2017 - INFORMS congratulates Richard H. Thaler, renowned behavioral economist and researcher, who was awarded the 2017 Nobel Memorial Prize in Economic Sciences for his outstanding contributions to the field of economics. Among the citations prominently featured by the Nobel Prize committee in Professor Thaler’s award was his seminal 1985 paper on his now famous theory of mental accounting, which was published in the INFORMS journal Marketing Science. 

In addition to serving as associate editor of the INFORMS journal Management Science, Professor Thaler’s work has been printed and reprinted eight times in three of INFORMS prestigious, peer-reviewed journals: Marketing Science, Management Science, and Interfaces.

Marketing Science

• Mental Accounting and Consumer Choice, 1985
• Mental Accounting and Consumer Choice (reprint), 2008
• Commentary – Mental Accounting and Consumer Choice: Anatomy of a Failure, 2008

Interfaces

• Decision Making and Problem Solving, 1987

Management Science

• Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice, 1990
• Risk Aversion or Myopia? Choices in Repeated Gambles and Retirement Investments, 1999
• Split or Steal? Cooperative Behavior When the Stakes Are Large, 2011
• The Loser's Curse: Decision Making and Market Efficiency in the National Football League Draft, 2013

Including Professor Thaler, INFORMS is honored to count 29 of the past 79 recipients of the Nobel Prize in Economics as authors. Collectively these Nobel laureates have produced 86 articles across six different INFORMS journals. For more information please visit http://pubsonline.informs.org/authorportal/recognizing-excellence.

About INFORMS

With 12,500 members from nearly 90 countries, INFORMS is the largest international association of operations research (O.R.) and analytics professionals and students. INFORMS provides unique networking and learning opportunities for individual professionals, and organizations of all types and sizes, to better understand and use O.R. and analytics tools and methods to transform strategic visions and achieve better outcomes.

Visit www.informs.org or @informs.

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