American Richard H. Thaler Wins Nobel Prize in Economic Science 1 234 567

American Richard H. Thaler Wins Nobel Prize in Economic Science

voanews.com

American Richard H. Thaler was awarded the 2017 Nobel Prize for Economics — officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

The award committee said Thaler was chosen “for his contributions to behavioral economics.”
 
“By exploring the consequences of limited rationality, social preferences, and lack of self-control,” Thaler “has shown how these human traits systematically affect individual decisions as well as market outcomes,” the...

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