Nobel winner linked human psychology to economic behavior

University of Chicago professor and former Cornell University academic Richard Thaler was awarded the Nobel Prize for Economic Science on Monday for his contribution in the field of behavioral economics. Tom Gilovich, professor of psychology at Cornell, also works in the field of behavioral economics and is a close associate of Thaler. He comments on […]

Buying experiences makes you more grateful, generous

Media note: Please find a copy of Jesse Walker, Amit Kumar, and Thomas Gilovich’s paper “Cultivating Gratitude and Giving Through Experiential Consumption” here. ITHACA, N.Y. – On Thanksgiving, many of us take a moment to reflect on what we’re grateful for — and we get notable rewards for doing so. Feeling gratitude leads to important […]