Richard H. Thaler, professor of behavioral science and economics at the University of Chicago Booth School of Business, provides an overview of the history and development of behavioral finance. In particular, he addresses the topic of self-control and how we as humans are often at odds with ourselves—part of us acting rationally as a planner and another part of us acting spontaneously as a doer.

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.