Nobel-winning scientist Richard Thaler on big data, Trump, the trillionaire problem

LONDON, UK - NOV. 9: Richard Thaler has spent a career proving that humans are not quite as rational as economists once believed.His new book, "The Winner’s Curse: Behavioral Economics Anomalies, Then and Now," revisits decades of research that upended the discipline—from the quirks of auction bidding to the psychology of saving and spending.As one of the founding fathers of behavioral economics and a winner of the 2017 Nobel Prize, Thaler’s influence extends far beyond academia. His ideas have shaped public policy, inspired governments’ “Nudge Units,” and quietly changed how we think about markets, money, and ourselves.When he sat down in London to discuss his latest work, Thaler was as sharp and mischievous as ever.(Footage by Raşid Necati Aslım /Anadolu Agency via Getty Images)