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

Hello, boys and girls, ladies and germs. This is Tim Ferris coming at you from a beautiful studio, and I am going to introduce you to an interview, a conversation with three people in total that I've been trying to set up for a year, maybe longer than a year. And it features both a new guest and a fan favorite. So the new guest is Richard H. Thaler. He is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. There's a lot more to his bio. Which I'll put in the blog post, but let's keep it short. He is also a founding principal at Fuller Thaler Asset Management, which uses behavioral finance to manage.

More than thirty billion dollars in small cap US. Equities. He is the Co-author of multiple New York Times best selling books. Including Nudge. And misbehaving.

In the show notes as well. His new book. which is actually a revision of a lot of what he has done and it still holds water is The Winner's Curse Behavioral Economics Anomalies Then and Now co authored with economist Alex O. Emis. My co-host for this conversation with Richard is a friend of his, Nick Kakonis. Nick Kakonis is an entrepreneur, investor, and author, best known as the co-founder of the Alinea Group. sold in twenty twenty four and the reservation platform Talk, which is now owned by American Express. He also has some wild stories from trading derivatives and all sorts of craziness.

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