Behavioral Finance Must See: Thaler’s 2016 Presidential Address

Behavioral Finance Must See: Thaler’s 2016 Presidential Address

July 1, 2016 Behavioral Finance
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(Last Updated On: January 18, 2017)

This is a great video to watch over the holiday weekend. Prof. Thaler does a great job walking through behavioral finance/economics.

thaler on behavial finance

He also has a paper on related topics:

Behavioral Economics: Past, Present and Future

There has been growing interest in the field come to me known as “behavioral economics” … The new approach to economics should include two different kinds of theories: normative models that characterize the optimal solution to specific problems and descriptive models that capture how humans actually behave…If everyone includes all the factors that do determine economic behavior, then the field of behavioral economics will no longer need to exist.


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Wesley R. Gray, Ph.D.

After serving as a Captain in the United States Marine Corps, Dr. Gray earned a PhD, and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management that delivers affordable active exposures for tax-sensitive investors. Dr. Gray has published four books and a number of academic articles. Wes is a regular contributor to multiple industry outlets, to include the following: Wall Street Journal, Forbes, ETF.com, and the CFA Institute. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania.


  • Michael

    Do you know if there is anywhere else this video is available? The AEA website doesn’t seem to work.

  • works on latest chrome and IE. I know it may not work on older browsers … not sure on alternative links, sorry about that!