{"id":8158,"date":"2017-10-13T11:00:57","date_gmt":"2017-10-13T10:00:57","guid":{"rendered":"https:\/\/stories.7thsensepsychics.com\/?p=8158"},"modified":"2017-11-03T10:51:03","modified_gmt":"2017-11-03T10:51:03","slug":"richard-thaler-winner-spend-1-million-irrationally","status":"publish","type":"post","link":"https:\/\/www.7thsensepsychics.com\/stories\/richard-thaler-winner-spend-1-million-irrationally\/","title":{"rendered":"Nobel Prize Winner to Spend His $1 Million &#8220;Irrationally&#8221;"},"content":{"rendered":"<h2>Richard Thaler Will Spend His $1 Million Nobel Prize &#8220;Irrationally&#8221;<\/h2>\n<p>How would you spend $1 million dollars? I\u2019m sure all of us have thought about it at least once. We keep saying that when we win the lottery, we will buy this, get that. In most cases, it never happens, but a few lucky people can actually make those plans come true.<\/p>\n<p>Of course, there wasn\u2019t much luck involved when Richard Thaler received his $1 million to spend. It had a lot more to do with real talent, enthusiasm, and innovation. Thaler won the Nobel Prize on Monday, and as it should be, the money came with it, not just the &#8216;fame&#8217;.<\/p>\n<p>Thaler&#8217;s work and philosophy might just be one of the most important ones of modern society. His field of expertise is behavioural economics, which isn\u2019t even considered to be an exact science by some. And yet, it exists, and is essential to understand how people think.<\/p>\n<p>Thaler combines his knowledge of psychology and economics, thus creating a &#8220;more realistic analysis of how people think and behave when making economic decisions.&#8221;<\/p>\n<p>Probably the only question left is what he will use his prize money on. When asked, he said that he &#8220;will try to spend it as irrationally as possible.&#8221; Well, not sure what that means in science circles, especially since it will probably go towards his research. Congratulations on his achievements, and let\u2019s ask the cards how this will effect his future research.<\/p>\n<div class=\"readingbox\">\n<h2 style=\"text-align: center;\">Psychic Timea&#8217;s Reading<\/h2>\n<table style=\"table-layout: fixed; width: 100%; border: 0px; padding: 0px;\">\n<tbody>\n<tr>\n<td style=\"width: 80%; border: 0px;\">\n<h3>Card One: King of Cups<\/h3>\n<p>Thaler\u2019s open-mindedness got him the award he deserved. His past will give him a perfect basis for future growth. Of course, the $1 million will help, too.<\/td>\n<td style=\"width: 20%; border: 0px;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7748\" src=\"https:\/\/www.7thsensepsychics.com\/stories\/wp-content\/uploads\/2016\/02\/kingofcups-small.png\" alt=\"King of Cups\" width=\"100\" height=\"169\" \/><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"width: 100%; border: 0px;\">\n<hr class=\"style-one\">\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 80%; border: 0px;\">\n<h3>Card Two: Ten of Swords<\/h3>\n<p>Although it\u2019s time to appreciate everything he has achieved, the road hasn\u2019t been easy. Hard work and exhaustion described the past few years for Thaler. The final solution isn\u2019t ready yet, but he is working hard on achieving his goals. Eventually he will get there.<\/td>\n<td style=\"width: 20%; border: 0px;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7748\" src=\"https:\/\/www.7thsensepsychics.com\/stories\/wp-content\/uploads\/2016\/02\/tenofswords-small.png\" alt=\"Ten of Swords\" width=\"100\" height=\"169\" \/><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"width: 100%; border: 0px;\">\n<hr class=\"style-one\">\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 80%; border: 0px;\">\n<h3>Card Three: Two of Wands<\/h3>\n<p>Winning the Nobel Prize is an exhilarating achievement. Thaler will come up with many theories in the coming years. However, his is a lonely victory. <\/td>\n<td style=\"width: 20%; border: 0px;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7748\" src=\"https:\/\/www.7thsensepsychics.com\/stories\/wp-content\/uploads\/2016\/02\/twoofwands-small.png\" alt=\"Two of Wands\" width=\"100\" height=\"169\" \/><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"width: 100%; border: 0px;\">\n<hr class=\"style-one\">\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"width: 100%; border: 0px;\"><a href=\"https:\/\/www.7thsensepsychics.com\/psychics\"><\/p>\n<div class=\"cta_button\" style=\"text-align: center; margin: auto;\">Find Your Perfect Psychic<\/div>\n<p><\/a>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Richard Thaler Will Spend His $1 Million Nobel Prize &#8220;Irrationally&#8221; How would you spend $1 million dollars? I\u2019m sure all of us have thought about it at least once. We keep saying that when we win the lottery, we will buy this, get that. In most cases, it never happens, but a few lucky people<\/p>\n","protected":false},"author":8,"featured_media":8160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1562],"tags":[1487,1486,1485],"class_list":{"0":"post-8158","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world-news","8":"tag-economics","9":"tag-nobel-prize","10":"tag-richard-thaler"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nobel Prize Winner to Spend His $1 Million &quot;Irrationally&quot; -<\/title>\n<meta name=\"description\" content=\"Richard Thaler Will Spend His $1 Million Nobel Prize &quot;Irrationally&quot; How would you spend $1 million dollars? 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