Statement on the Nobel Prize for Economics 2017

Richard H. Thaler portrait.The 2017 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to Richard H. Thaler of the University of Chicago "for his contributions to behavioral economics." Thaler's research incorporates findings from psychology into the analysis of economic decision-making. Examples include the examination of extreme sensitivity to losses relative to gains on financial decisions and how perceptions of fairness affect consumers' purchase decisions and limit the ... More at https://www.nsf.gov/news/news_summ.jsp?cntn_id=243372&WT.mc_id=USNSF_51&WT.mc_ev=click
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