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Friday 4 April 2025
Last Updated : GMT 09:40:38
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Richard Thaler

US's Thaler wins Nobel for 'making economics more human'

Themuslimchronicle, themuslimchronicleUS's Thaler wins Nobel for 'making economics more human'279088/335
Stockholm - Muslimchronicle
US economist Richard Thaler won the Nobel Economics prize on Monday for showing that economic and financial decision-makers are not always rational, but mostly deeply human. Bridging the gap between economics and psychology, Thaler's research focuses on behavioural economics which explores the impact of psychological and social factors on decisions by individuals or groups in the economy and financial markets.Read more

Nobel economics laureate wants to spend prize 'irrationally'

Themuslimchronicle, themuslimchronicleNobel economics laureate wants to spend prize 'irrationally'279085/317
Washington - Muslimchronicle
He was awarded a Nobel prize Monday for his work showing economic and financial decisions are not always rational, but mostly human. So it seems fitting that US economist Richard Thaler, 72, says he wants to spend his $1 million winnings "as irrationally as possible."   In awarding the prize, the Royal Swedish Academy of Sciences praised Thaler for bringingRead more

Richard Thaler of US wins Nobel Economics Prize

Themuslimchronicle, themuslimchronicleRichard Thaler of US wins Nobel Economics Prize279028/335
Sweden - Muslimchronicle
US economist Richard Thaler on Monday won the Nobel Economics Prize for his pioneering work bridging the gap between economics and psychology, the jury said. “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,” the Nobel jury said in aRead more

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