Richard Thaler wins Nobel Prize for ‘contributions to behavioural economics’

October 10, 2017

University of Chicago Prof. Richard H. Thaler has been awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2017.

The Royal Swedish Academy of Sciences honored Thaler, the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business, “for his contributions to behavioural economics,” a relatively new field that bridges the gap between economics and psychology. Thaler’s research investigates the implications of relaxing the standard economic assumption that everyone in the economy is rational and selfish, instead entertaining the possibility that some of the agents in the economy are sometimes human.

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Watch Nobel Prize conference for Richard Thaler HERE.