Dr. Henrik Cronqvist’s Mentor Awarded Nobel Prize

December 08, 2017

Dr. Henrik Cronqvist, chair and professor of Finance, obtained his Ph.D. from the University of Chicago Booth School of Business. As a student, he studied under the mentorship of his Ph.D. advisor, Dr. Richard H. Thaler, the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics.

In October, it was announced that The Royal Swedish Academy of Science had decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Dr. Thaler.

On December 8, Dr. Thaler presented his findings during the Nobel Lecture in Aula Magna at Stockholm University, Sweden. Dr. Cronqvist’s research related to the choice architecture in the Swedish public pension system was featured extensively in Dr. Thaler’s Nobel Lecture.

Dr. Thaler also referenced his new, ongoing, joint research with Dr. Cronqvist and Dr. Frank Yu, Associate Professor of Finance at China Europe International Business School (CEIBS) in Shanghai, China. Both Dr. Cronqvist and Dr. Yu were students and mentees of Dr. Thaler at Chicago.

Regarding Dr. Thaler’s Nobel Lecture, Dr. Cronqvist said that it is “engaging, informative, and entertaining, and is worthwhile watching for anyone interested in Behavioral Economics.”

To see the full presentation, you may view it at: https://www.youtube.com/watch?v=tD_5MgjIr00

To view the portion of the lecture on Dr. Cronqvist’s new research with Dr. Thaler and Dr. Yu, it may be seen starting at 53:29.
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