Professor of behavioural sciences and economics at University of Chicago given annual economics award

Here is one of the committee members talking about Thaler, and explaining what behavioural economics is:

“He’s made economics more human” – Peter Gärdenfors on Richard Thaler, just awarded the Prize in Economic Sciences.

Here’s our story on Thaler’s award:

The 2017 Nobel prize in economics has been awarded to the US academic Richard Thaler of the University of Chicago for his contribution to behavioural economics.

The prize, worth 9m Swedish kroner (£845,000), is not among the Nobel Foundation’s official awards for literature, peace, medicine, physics and chemistry, but was established separately by Sweden’s central bank, Sveriges Riksbank, in memory of the Swedish chemist Alfred Nobel.

Related: Nobel prize in economics awarded to Richard Thaler

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