Behavioral Economics

/Tag: Behavioral Economics

Richard Thaler Received a Nobel Prize for his work in Behavioral Economics

By |2019-10-09T17:34:07-03:00October 10th, 2017|Categories: Behavioral Economics|Tags: , |

Richard Thaler, an American economist at the University of Chicago, received Nobel Memorial Prize in Economic Sciences in 2017 for his contribution to behavioral economics. He examines why people don’t always make rational decisions as economic theories often assume. He also pays attention to notions of fairness and lack of self-control. His findings have influenced the [...]