10 October 2017
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New Nobel Laureate Richard Thaler "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".
Richard Thaler, the US economist and behavioural scientist who helped inspire the UK government to make use of behavioural finance in public policy, has been awarded the Nobel Prize for Economics.
Co-author of the best-selling title Nudge, Thaler was a key influence on former Conservative chancellor George Osborne's policies. His ideas helped inspire the Treasury to introduce policies such as auto-enrolment...
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