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Share the View: Richard Thaler Gets Personal
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May 29, 2015
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<td style="padding-left: 15px; padding-right: 15px"><p><span class="top=c-title" style="font-family:'Arial Black', sans-serif;font-weight:bolder=color:#00b9e7;font-size:13px;text-transform:uppercase;line-height:1.6em"><= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2nnzm.=3q2/VQ8zgUmOo5ZTej6IB5415" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">ECONOMICS</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Michael Lewis:</span> <span class="topic-contri=utor-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">Richard Thaler=has just published an odd and interesting professional memoir, "Misbehavin=." "It's odd because it's funnier and more personal than books by professo=s tend to be. It's interesting because it tells the story not just of Thal=r's career but also of the field of behavioral economics -- the study of a=tual human beings rather than the rational optimizers of classical economi= theory."</span> <span class="topic-read-more" style="font-family:Aria=, sans-serif;text-decoration:none;color:#00b9e7;font-weight:normal;font-si=e:17px;line-height:1.6em;text-transform:none"><a href="http://link.mail.=loombergview.com/55086a4c3b35d051538c37cc2nnzm.13q2/VWgrsUmOyhuyPKNqBb506"=style="text-decoration:none;color:#00b9e7;line-height:1.6em">Read more..=</a></span> </p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Megan McArdle:</span> <span class="topic-contri=utor-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"If workers ha=e to have $15 an hour to live in LA, and that's a level the economy can su=port with minimum job loss, then the $15-an-hour wage should apply to ever=one. If in fact this wage level is too costly, then LA should lower it for=everyone. Lowering it only for favored political groups is a terrible idea= and the unions have earned every bit of the catcalling they got for sugge=ting it."</span> <span class="topic-read-more" style="font-family:Aria=, sans-serif;text-decoration:none;color:#00b9e7;font-weight:normal;font-si=e:17px;line-height:1.6em;text-transform:none"><a href="http://link.mail.=loombergview.com/55086a4c3b35d051538c37cc2nnzm.13q2/VWehL0mOD7aLr0BKB8907"=style="text-decoration:none;color:#00b9e7;line-height:1.6em">Read more..=</a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/55086a4c35d051538c37cc2nnzm.13q2/VQoHU0mOo5ZTeiFgB036b" style="text-decoration:n=ne;color:#00b9e7;line-height:1.6em">WALL STREET</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Matt Levine:</span> <span class="topic-contribu=or-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"One popular rea=tion to the U.S. case against FIFA is: Why should the U.S. justice system =rosecute Brazilian companies for bribing Venezuelans in Argentina? Isn't t=at sort of imperialistic? ... It's not just the U.S. justice system that i= being pressed into the odd job of regulating international soccer ethics.=It's also the U.S. financial system."</span> <span class="topic-read-mor=" style="font-family:Arial, sans-serif;text-decoration:none;color:#00b9e=;font-weight:normal;font-size:17px;line-height:1.6em;text-transform:none">=a href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2nnzmq2/VWehL0mOD7aLr0BLB862f" style="text-decoration:none;color:#00b9e7;li=e-height:1.6em">Read more...</a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/55086a4c35d051538c37cc2nnzm.13q2/VQhSBUmO1EvsVeFzBf5f3" style="text-decoration:n=ne;color:#00b9e7;line-height:1.6em">AFRICA</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">The Editors:</span> <span class="topic-contribu=or-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"Nigeria's new p=esident, Muhammadu Buhari, who takes office Friday, made history by notchi=g the first defeat of an incumbent president since independence in 1960. N=w comes the hard part: getting Africa's biggest economic dynamo restarted.=</span> <span class="topic-read-more" style="font-family:Arial, sans-s=rif;text-decoration:none;color:#00b9e7;font-weight:normal;font-size:17px;l=ne-height:1.6em;text-transform:none"><a href="http://link.mail.bloomberg=iew.com/55086a4c3b35d051538c37cc2nnzm.13q2/VWgrsUmOyhuyPKNrBd663" style=text-decoration:none;color:#00b9e7;line-height:1.6em">Read more...</a></sp=n></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/55086a4c35d051538c37cc2nnzm.13q2/VQhSBUmO1EvsVeF3B5ee9" style="text-decoration:n=ne;color:#00b9e7;line-height:1.6em">EUROPE</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Mark Gilbert:</span> <span class="topic-contrib=tor-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">If Greece wants=a happy ending -- "they get the money and the country doesn't go bankrupt"=-- instead of its own economic version of "Groundhog Day," it must change =ts behavior. "The universe isn't poised to intervene favorably on Greece'shalf. Instead of behavioral change, Greece just pretends it's on the ver=e of a solution when that doesn't seem to be true."</span> <span class="=opic-read-more" style="font-family:Arial, sans-serif;text-decoration:non=;color:#00b9e7;font-weight:normal;font-size:17px;line-height:1.6em;text-tr=nsform:none"><a href="http://link.mail.bloombergview.com/55086a4c3b35d05S8c37cc2nnzm.13q2/VWgrsUmOyhuyPKNsBabe2" style="text-decoration:none;co=or:#00b9e7;line-height:1.6em">Read more...</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Marc Champion:</span> <span class="topic-contri=utor-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"There's a new='ism' to add to the pantheon of Putinism, Chavezism, Kemalism (after Turke='s founder Mustafa Kemal Ataturk) and others. Now we have Tayyipism. One w=y to look at parliamentary elections that are to take place here in Turkey=on June 7 is as an attempt by President Recep Tayyip Erdogan to consolidat= the kind of populist, ideologically founded personal rule that such 'isms= imply."</span> <span class="topic-read-more" style="font-family:Arial= sans-serif;text-decoration:none;color:#00b9e7;font-weight:normal;font-siz=:17px;line-height:1.6em;text-transform:none"><a href="http://link.mail.b=oombergview.com/55086a4c3b35d051538c37cc2nnzm.13q2/VWgrsUmOyhuyPKNtB4747" =tyle="text-decoration:none;color:#00b9e7;line-height:1.6em">Read more...=</a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/55086a4c35d051538c37cc2nnzm.13q2/VP9kIkmOpoExRQKGBdd64" style="text-decoration:n=ne;color:#00b9e7;line-height:1.6em">2016 ELECTIONS</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">The Editors:</span> <span class="topic-contribu=or-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"Former New York=Governor George Pataki, who announced his presidential campaign Thursday, =s arguably the most qualified Republican candidate yet. He is also -- agai=, arguably; he has a lot of competition on this score -- the candidate lea=t likely to win the nomination. This is a paradox worth examining."</span>=<span class="topic-read-more" style="font-family:Arial, sans-serif;tex=-decoration:none;color:#00b9e7;font-weight:normal;font-size:17px;line-heig=t:1.6em;text-transform:none"><a href="http://link.mail.bloombergview.comU086a4c3b35d051538c37cc2nnzm.13q2/VWehL0mOD7aLr0BMBd70f" style="text-de=oration:none;color:#00b9e7;line-height:1.6em">Read more...</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Jonathan Bernstein:</span> <span class="topic-c=ntributor-quote" style="font-family:Georgia, serif;font-weight:normal;co=or:#333333;font-size:17px;line-height:1.6em;text-transform:none">"How shou=d presidential candidates react when their party is far from the mainstrea= on an issue?"</span> <span class="topic-read-more" style="font-family=Arial, sans-serif;text-decoration:none;color:#00b9e7;font-weight:normal;fo=t-size:17px;line-height:1.6em;text-transform:none"><a href="http://link.=ail.bloombergview.com/55086a4c3b35d051538c37cc2nnzm.13q2/VWehL0mOD7aLr0BNBa" style="text-decoration:none;color:#00b9e7;line-height:1.6em">Read m=re... </a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/55086a4c35d051538c37cc2nnzm.13q2/VQtJukmOpKWLGCG4Bd7c3" style="text-decoration:n=ne;color:#00b9e7;line-height:1.6em">CHINA</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">William Pesek:</span> <span class="topic-contri=utor-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"Christine Lag=rde's people say China's currency is no longer undervalued. Jacob Lew's ar=ue it still is. There's a lot at stake in the debate: The yuan can't gain =tatus as a global currency reserve if China is thought to be manipulating =ts value. So who should we believe?"</span> <span class="topic-read-more= style="font-family:Arial, sans-serif;text-decoration:none;color:#00b9e7=font-weight:normal;font-size:17px;line-height:1.6em;text-transform:none"><= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2nnzm.=3q2/VWehL0mOD7aLr0BOBf3e4" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">Read more...</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Pesek:</span> <span class="topic-contributor-qu=te" style="font-family:Georgia, serif;font-weight:normal;color:#333333;f=nt-size:17px;line-height:1.6em;text-transform:none">"Shanghai's stock mark=t just experienced a Wile E. Coyote moment. For weeks, investors had been =hasing higher and higher returns. On Wednesday, however, they suddenly loo down to find their road had disappeared."</span> <span class="topic-r-more" style="font-family:Arial, sans-serif;text-decoration:none;color=#00b9e7;font-weight:normal;font-size:17px;line-height:1.6em;text-transform=none"><a href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37nnzm.13q2/VWehL0mOD7aLr0BPB5912" style="text-decoration:none;color:#007;line-height:1.6em">Read more...</a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/55086a4c35d051538c37cc2nnzm.13q2/VP9kIkmOpoExRQKIBe18c" style="text-decoration:n=ne;color:#00b9e7;line-height:1.6em">DECLASSIFIED</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Eli Lake:</span> <span class="topic-contributor=quote" style="font-family:Georgia, serif;font-weight:normal;color:#33333=;font-size:17px;line-height:1.6em;text-transform:none">"The U.S. watched I=lamic State fighters, vehicles and heavy equipment gather on the outskirts=of Ramadi before the group retook the city in mid-May. But the U.S. did no= order airstrikes against the convoys before the battle started. It left t=e fighting to Iraqi troops, who ultimately abandoned their positions."</sp=n> <span class="topic-read-more" style="font-family:Arial, sans-serif;=ext-decoration:none;color:#00b9e7;font-weight:normal;font-size:17px;line-h=ight:1.6em;text-transform:none"><a href="http://link.mail.bloombergview.=om/55086a4c3b35d051538c37cc2nnzm.13q2/VWeYbsPor_yKi-jTBa6b4" style="textcoration:none;color:#00b9e7;line-height:1.6em">Read more...</a></span></=>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/55086a4c35d051538c37cc2nnzm.13q2/VRHcU0mOj1hzYIR8B6ca6" style="text-decoration:n=ne;color:#00b9e7;line-height:1.6em">TRANSPORTATION</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Justin Fox:</span> <span class="topic-contribut=r-quote" style="font-family:Georgia, serif;font-weight:normal;color:#3333;font-size:17px;line-height:1.6em;text-transform:none">"Self-driving car= are coming. Self-driving trucks, too. OK, maybe they're not coming tomorr=w, but there certainly are a lot of resources and smarts being devoted to =eparating us from our steering wheels. What about trains?"</span> <span cl=ss="topic-read-more" style="font-family:Arial, sans-serif;text-decorat=on:none;color:#00b9e7;font-weight:normal;font-size:17px;line-height:1.6em;=ext-transform:none"><a href="http://link.mail.bloombergview.com/55086a4c5d051538c37cc2nnzm.13q2/VWehL0mOD7aLr0BQB8854" style="text-decoration:=one;color:#00b9e7;line-height:1.6em">Read more...</a></span></p>
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<p><span class="topic-title" style="font-family:'Arial Black', sans-ser=f;font-weight:bolder;color:#00b9e7;font-size:13px;text-transform:uppercase=line-height:1.6em"><a href="http://link.mail.bloombergview.com/55086a4c35d051538c37cc2nnzm.13q2/VQoHU0mOo5ZTeiFvB55d5" style="text-decoration:n=ne;color:#00b9e7;line-height:1.6em">SPORTS</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Kavitha A. Davidson:</span> <span class="topic-=ontributor-quote" style="font-family:Georgia, serif;font-weight:normal;c=lor:#333333;font-size:17px;line-height:1.6em;text-transform:none">"The fal=out from the FIFA arrests has only just begun, with renewed calls from pol=ticians and soccer officials for President Sepp Blatter to step down. That=s unlikely. ... But the calls from some previously silent voices are an en=ouraging sign that the rampant corruption in soccer's world governing bodyn no longer be ignored."</span> <span class="topic-read-more" style=font-family:Arial, sans-serif;text-decoration:none;color:#00b9e7;font-weig=t:normal;font-size:17px;line-height:1.6em;text-transform:none"><a href="=ttp://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2nnzm.13q2/VWehL=mOD7aLr0BRB7052" style="text-decoration:none;color:#00b9e7;line-height:1nm">Read more...</a></span></p>
<p><span class="topic-contributor-name" style="font-family:'Arial Black=, sans-serif;font-weight:bolder;color:#333333;font-size:17px;line-height:1nm;text-transform:none">Leonid Bershidsky:</span> <span class="topic-co=tributor-quote" style="font-family:Georgia, serif;font-weight:normal;col=r:#333333;font-size:17px;line-height:1.6em;text-transform:none">"The gover=ing body of world soccer, FIFA, can count on the support of at least one m=jor global corporation in its efforts to retain sponsors and survive corru=tion charges: Gazprom, the Russian state-owned natural-gas supplier. That'= because Russia views U.S. prosecutors' charges against FIFA as an attack =n its interests."</span> <span class="topic-read-more" style="font-fam=ly:Arial, sans-serif;text-decoration:none;color:#00b9e7;font-weight:normal=font-size:17px;line-height:1.6em;text-transform:none"><a href="http://li=k.mail.bloombergview.com/55086a4c3b35d051538c37cc2nnzm.13q2/VWehL0mOD7aLr0=SB58a3" style="text-decoration:none;color:#00b9e7;line-height:1.6em">Rea= more...</a></span></p></td>
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