• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

American Richard H. Thaler Wins Nobel Prize in Economics

October 9, 2017 Leave a Comment

Richard H. Thaler of the University of Chicago was awarded the Nobel Prize in economics on Monday for his contributions to the field of behavioral economics. CNN Money reported:

Thaler, 72, was cited for his research in the psychology of economic decision-making.

His theory explains “how people simplify financial decision-making by creating separate accounts in their minds, focusing on the narrow impact of each individual decision rather than its overall effect,” the Royal Swedish Academy of Sciences said.

Thaler’s work is well known outside academic circles. His 2008 book “Nudge: Improving Decisions About Health, Wealth and Happiness,” which he wrote with law professor Cass Sunstein, became a popular hit.

They argued that by understanding how people make decisions, behavioral economics can be used to tackle many of society’s major problems and influence public policy. Both The Economist and the Financial Times ranked it the best book of the year.

Related

Leave a Comment Cancel reply

Must Read

  • How to Reach a Live Person at IRS to Resolve Tax Problems
  • What's the Recommended Temperature for Vacant Home in Winter?
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Average Person Worries About Money 6 Times A Day
  • How to Refinance a Paid Off Car
  • Apple Launches Apple Card's Savings Accounts With 4.15% Interest Rate
  • How to Cash Out Pension Plan Early
  • Where Best to Invest Your Money In 2017
  • The Best Day of the Week to Buy Mutual Funds

Recent Posts

  • Apple Launches Apple Card’s Savings Accounts With 4.15% Interest Rate
  • More Americans Are Using ‘Buy Now, Pay Later’ Services To Pay for Groceries
  • 5 Tips To Get The Best Value On An Insurance Policy
  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2023 · Personal Finance News