How your mind hurts your saving habits: Nobel winner
Richard Thaler, professor of behavioural science and economics at the University of Chicago Booth School of Business last month won the 2017 Nobel prize in economic sciences.
The branch of economics is, according to the business school, a “relatively new field that bridges the gap between economics and psychology”.
“Thaler’s research investigates the implications of relaxing the standard economic assumption that everyone in the economy is rational and selfish, instead entertaining the possibility that some of the agents in the economy are sometimes human.”
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