The Nobel For Economics Goes To...

Stockholm: The Nobel economics prize has been awarded to Richard Thaler of the University of Chicago for his contributions to behavioural economics. The 9-million-kronor (USD 1.1-million) prize was awarded to the academic for his "understanding of the psychology of economics," Swedish Academy of Sciences secretary Goeran Hansson said on Monday. The Nobel committee said Thaler's work shows how human traits affect individual decision...