We could benefit from the presence of this Nobel winner on this forum, and he might learn something from us as well. Professor Thaler said on Monday that the basic premise of his theories was that, “In order to do good economics you have to keep in mind that people are human.”
Asked how he would spend the prize money, he replied: “This is quite a funny question.” He added: “I will try to spend it as irrationally as possible.”
https://www.bloomberg.com/news/articles/2017-10-09/richard-h-thaler-wins-2017-nobel-economics-prize