<a href="https://x.com/r_thaler?lang=en" rel="noopener noreferrer" target="_blank">Richard H. Thaler</a> is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. He is the New York Times bestselling co-author of <a href="https://www.amazon.com/Nudge-Improving-Decisions-Health-Happiness/dp/014311526X/?tag=offsitoftimfe-20" rel="noopener noreferrer" target="_blank">Nudge: Improving Decisions About Health, Wealth, and Happiness</a> and the author of <a href="https://www.amazon.com/Misbehaving-Behavioral-Economics-Richard-Thaler/dp/039335279X/?tag=offsitoftimfe-20" rel="noopener noreferrer" target="_blank">Misbehaving: The Making of Behavioral Economics</a>. His new book is <a href="https://www.amazon.com/Winners-Curse-Behavioral-Economics-Anomalies/dp/1982165111/?tag=offsitoftimfe-20" rel="noopener noreferrer" target="_blank">The Winner's Curse: Behavioral Economics Anomalies, Then and Now</a>.&nbsp;My co-host for this conversation is <a href="https://x.com/nickkokonas?lang=en" rel="noopener noreferrer" target="_blank">Nick Kokonas</a>. Nick is an entrepreneur, investor, and author best known as the co-founder of The Alinea Group (sold in 2024) and the reservation platform Tock, which is now owned by American Express.This episode is brought to you by:<a href="https://seed.com/tim" rel="noopener noreferrer" target="_blank">Seed's DS-01® Daily Synbiotic broad spectrum 24-strain probiotic + prebiotic</a>:&nbsp;<a href="https://seed.com/tim" rel="noopener noreferrer" target="_blank">https://Seed.com/Tim</a>&nbsp;(Use code 25TIM for 25% off your first month's supply)<a href="https://www.expressvpn.com/tim" rel="noopener noreferrer" target="_blank">ExpressVPN</a>&nbsp;high-speed, secure, and anonymous VPN service:&nbsp;<a href="https://www.expressvpn.com/tim" rel="noopener noreferrer" target="_blank">https://www.expressvpn.com/tim</a>&nbsp;(get 4 months free on their annual plans)<a href="https://drinkag1.com/Tim" rel="noopener noreferrer" target="_blank">AG1</a>&nbsp;all-in-one nutritional supplement:&nbsp;<a href="https://drinkag1.com/Tim" rel="noopener noreferrer" target="_blank">https://DrinkAG1.com/Tim</a>&nbsp;(1-year supply of Vitamin D plus 5 free AG1 travel packs with your first subscription purchase.)*For show notes and past guests on&nbsp;<a href="https://tim.blog/podcast" rel="noopener noreferrer" target="_blank">The Tim Ferriss Show</a>, please visit&nbsp;<a href="https://tim.blog/podcast/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast-description" rel="noopener noreferrer" target="_blank">tim.blog/podcast</a>.For deals from sponsors of&nbsp;<a href="https://tim.blog/podcast" rel="noopener noreferrer" target="_blank">The Tim Ferriss Show</a>,&nbsp;please visit&nbsp;<a href="https://tim.blog/podcast-sponsors" rel="noopener noreferrer" target="_blank">tim.blog/podcast-sponsors</a>Sign up for Tim’s email newsletter (5-Bullet Friday) at&nbsp;<a href="https://go.tim.blog/5-bullet-friday-1/" rel="noopener noreferrer" target="_blank">tim.blog/friday</a>.For transcripts of episodes, go to&nbsp;<a href="https://tim.blog/transcripts" rel="noopener noreferrer" target="_blank">tim.blog/transcripts</a>.Discover Tim’s books:&nbsp;<a href="https://tim.blog/books" rel="noopener noreferrer" target="_blank">tim.blog/books</a>.Follow Tim:Twitter:&nbsp;<a href="https://twitter.com/tferriss" rel="noopener noreferrer" target="_blank">twitter.com/tferriss</a>&nbsp;Instagram:&nbsp;<a href="https://instagram.com/timferriss/" rel="noopener noreferrer" target="_blank">instagram.com/timferriss</a>YouTube:&nbsp;<a href="https://www.youtube.com/timferriss" rel="noopener noreferrer" target="_blank">youtube.com/timferriss</a>Facebook:&nbsp;<a href="https://www.facebook.com/TimFerriss/" rel="noopener noreferrer" target="_blank">facebook.com/timferriss</a>&nbsp;LinkedIn:&nbsp;<a href="http://linkedin.com/in/timferriss" rel="noopener noreferrer" target="_blank">linkedin.com/in/timferriss</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

#830: Nick Kokonas and Richard Thaler, Nobel Prize Laureate — Realistic Economics, Avoiding The Winner’s Curse, Using Temptation Bundling, and Going Against the Establishment

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#830: Nick Kokonas and Richard Thaler, Nobel Prize Laureate — Realistic Economics, Avoiding The Winner’s Curse, Using Temptation Bundling, and Going Against the Establishment

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