A Nobel economist has a warning for meme stock traders

Behavioral economist Richard Thaler is a pioneer of behavioral economics. His work in the field won him a Nobel Prize in 2017. He told Business Insider how it can be applied to the meme stock movement. Richard Thaler knows a few things about the wisdom of crowds, but what he's seeing in some areas of the stock market has the Nobel economist dismayed. The University of Chicago Booth professor is known as a pioneer in the field of behavioral economics, a method of analysis that integrates psychologi ...