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Richard Thaler of US wins Nobel Economics Prize
US economist Richard Thaler on Monday won the Nobel Economics Prize for his pioneering work bridging the gap between economics and psychology, the jury said. “By exploring the consequences of limited rationality, social preferences, and lack of self-control, he has shown how these human traits systematically affect individual decisions as well as market outcomes,” the Nobel…
Richard H. Thaler describes some of the impacts of his work on behavioural economics in this telephone interview recorded immediately after the public announcement of the award of his Prize in Economic Sciences. He also explains the concept of the ‘nudge’, and looks forward to being in Stockholm again with his old friend Daniel Kahneman, Laureate in Economic Sciences from 2002. Listen to the full interview!
Announcement of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2017
“He’s made economics more human”
