Behavioral economics Current Affairs, GK & News

Behavioral economics

Combination of psychology and economics that investigates what happens in markets in which some of the agents display human limitations and complications (i.e. irrational behavior).

2017 Nobel Prize in Economic Sciences awarded to Richard H. Thaler

The 2017 Nobel Prize in Economic Sciences has been awarded to Richard H. Thaler for his contributions to behavioural economics. Thaler is an US economist and the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. The Nobel Prize for Economics, worth 9 ..

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