The 2017 Nobel Prize in Economics was awarded to the study of behavioral economics

American scientist Richard H.Thaler was awarded the Nobel Prize in Economics by the Royal Swedish Academy of Sciences in 2017 for his study of behavioral economics.

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Thaler was born in 1945, is currently a lecturer in Economics and Behavioral Science at the University of Chicago (USA). His research has shown human characteristics such as the ability to identify limitations, social bias and lack of self-control that systematically influence individual decisions as well as marketing impacts. how is school.

According to the Royal Swedish Academy of Sciences, Thaler ' has brought practical psychological hypotheses into studies of economic decisions'.

Scientist Richard H.Thaler currently works at the University of Chicago.(Photo: Chicago Booth Magazine)

In every Nobel season, the Economic Prize is often the last prize to be awarded after the Nobel Prize in Medicine, Chemistry, Physics, Literature and Peace.

Nobel Prize for economics is not an award given by Swedish scientist - Alfred Nobel. Since 1968, the Swedish Central Bank - Sveriges Riksbank has decided to create this award on the 300th anniversary of its founding. However, the process of nomination, selection and awarding of the Nobel Prize still takes place as every award is given to other fields. The Nobel Prize-winning scientist will be awarded 9 million Swedish kronor (about 1.1 million USD).

List of Nobel laureates in 2006 - 2016: