American Richard Thaler Awarded 2017 Nobel Prize For Economics

He was awarded the Nobel Prize for his contributions to behavioural economics.

File image of Richard H Thaler.

Photo Courtesy: faculty.chicagobooth.edu)

The 2017 Nobel Prize in Economic Sciences was awarded to American economist Richard H Thaler on Monday.

He was awarded the prize for his contributions to behavioural economics.

Thaler is the co-author of the global bestseller ‘Nudge’ (2008) in which the concepts of behavioral economics are used to tackle many of society’s major problems.