Economics Professor Richard H Thaler awarded Nobel Prize-2017:

Economics Professor Richard H Thaler awarded Nobel Prize-2017:

Every Year the Committee of Nobel Prize distributes the Nobel Prize to many people of the world in different categories who served outstandingly with courage, extraordinarily for the humanity, and mankind. This year in 2017 the Nobel Prize for Economics awarded to Professor Richard H Thaler.

He served as a Professor and a facility member of University of Chicago and he awarded over his outstandingly contribution to behavioral economics. Professor Richard H Thaler born in 1945 in east orange. He worked in the field of integrated economics with psychology.

In his honor in a statement, issued, The Royal Swedish Academy of Science said that “ The Sveriges Riksbank Prize in Economics Science, in memory of Alfred Nobel -2017, has been awarded to Richard H Thaler for having incorporated psychologically realistic assumptions into analyses of economic decision making. By exploring the Consequences of limited rationality, social preferences, and lack of self-control, he has shown how these human traits systematically affect individual decisions as well as market outcomes,.” The statement read and over the last few days, former RBI Governor and renowned economist RaghuramRajan was also among those outstanding personalities who have been nominated for such a top class award.

The Nobel Prize Committee does not disclose the names of those nominated for 50 years.

“That News taken from MSN-India page, when they published the news of The IndianExpress about the Economics Nobel Prize for the year of 2017”

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