Another milestone for American economist Richard H. Thaler awarded Nobel Prize in ‘behavioral science in economics’

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Richard H. Thaler is an American economist and the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. 1507683062211222567364.jpg

THE 72-year-old Thaler “has incorporated psychologically realistic assumptions into analyses of economic decision-making. 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,” 1507682954093-439475583.jpg

Pioneer of behavioural economics is  

P Pioneer of behavioural economics is best known for ‘nudge’ theory, which has influenced politicians and policymakers

 What is behavioural economics?

 

By BloggerDwaightz

For more inquire at http://oromianeconomist.com/author/oromianeconomist/

 

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