Nobel Goes To American Richard Thaler For Work In Behavioral Economics

Economics is very much a scientific study of simplified, rational decision making. But there’s a problem, humans aren’t always rational decision makers. Sometimes we’re downright weird and inexplicable. Richard Thaler was among the first economists to consider our weirdness, and his work won him a Nobel Prize. NPR has the story.

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Scott Neuman, NPR

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Josh Wolsky

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