Updated By: LatestGKGS Desk
US economist and one the founding father of behavioral economics Richard Thaler wins this year Nobel Prize in economics.
Richard Thaler discovered theories apply to our daily life and behavioral economical decisions. His research in behavioral economics has paved the way for a new field in economics.
Richard Thaler's book Misbehaving becomes the success among economists for presenting his research work in the field. The book misbehaving explores the real world applications on behavioural science.
Richard Thaler is a professor of behavioural science and economics at The University of Chicago.
According to Nobel prize winner, Richard Thaler, The most important lesson in economics is that economic agents are humans and that economic model has to incorporate that.
Nobel Prize winner economist Richard Thaler one of the econo...
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