New story in Business from Time: Nobel Prize in Economics Awarded to Nudge Co-Author Richard Thaler
The Nobel economics prize has been awarded to Richard Thaler of the University of Chicago for his contributions to behavioral economics. The 9-million-kronor ($1.1-million) prize was awarded to the academic for his “understanding the psychology of economics,” Swedish Academy of Sciences secretary Goeran Hansson said Monday. The Nobel committee said Thaler’s work shows how human …