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Big Brains podcast welcomes Nobel-winning economist Richard Thaler

from UChicago News

It has been a long journey for economist Richard Thaler, from early days struggling to get his research published to being honored with the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in October. Often dubbed as “one of the founding fathers of behavioral economics,” Thaler has worked to bridge the gap between psychology and economic theory to explain people’s often irrational economic decisions. “Economics kind of, by design, leaves out the behavior,” Thaler said. more

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