Published On: October 9, 2017 03:51 PM NPT By: Associated Press
STOCKHOLM, Oct 9: The Nobel economics prize has been awarded to American economist Richard H. Thaler of University of Chicago for his contributions to behavioral economics.
The prize was awarded for “understanding the psychology of economics,” Swedish Academy of Sciences secretary Goeran Hansson said on Monday.
The Nobel committee said Thaler’s work shows how human traits affect individual decisions as well as market outcomes.
Thaler “is a pioneer in behavioral economics, a research field in which insights from psychological research are applied to economic decision making,” a background paper from the academy said. That “incorporates more realistic analysis of how people think and behave when making economic decisions,” it said.
STOCKHOLM, Oct 5: Jean-Pierre Sauvage, Fraser Stoddart and Bernard Feringa have won this year's Nobel Prize in chemistry for developing molecular machines. ... Read More...
STOCKHOLM, Oct 4: British-born scientists David Thouless, Duncan Haldane and Michael Kosterlitz were awarded this year's Nobel Prize in physics on Tuesday... Read More...
Nobel literature laureate Bob Dylan will perform in Sweden in April, offering the singer a chance to give the lecture... Read More...
Leave A Comment