Why Smart People Make Irrational Financial Choices

What has been corrected on this page?

Every accepted correction to this page is recorded with the exact change, so readers can see how the page improved over time.

1. 12 July 2026 · corrected by Emir Baycan

   Mullainathan was at Harvard, not University of Chicago, when Scarcity (2013) was published

   Before

   Sendhil Mullainathan, an economist at the University of Chicago, and Eldar Shafir, a psychologist at Princeton, collaborated on what may be the most important reframing of financial decision-making in recent decades

   After

   Sendhil Mullainathan, an economist at Harvard University, and Eldar Shafir, a psychologist at Princeton, collaborated on what may be the most important reframing of financial decision-making in recent decades

   Why: Verified the fix is live in the article body: Mullainathan is now correctly identified as being at Harvard University (where he was when Scarcity was published in 2013; he joined University of Chicago Booth in 2018). No stale occurrence found in the FAQ. Backfilling record with confirmed correct text; no further edits needed.

   View the full record →

Who checked this page?

1 contributor has checked "Why Smart People Make Irrational Financial Choices" on When Notes Fly. Each name below links to that person's public CitePep profile, where every contribution they have made is listed with the exact change they proposed.