The anomalies studied by behavioral economists suggest that logic is rarely the most important factor in decisions.

STOCKHOLM (AP) -- The Nobel prize in economics has been awarded to Richard Thaler of the University of Chicago for research showing how people's choices on economic matters — whether on savings or ...

This is a repeat of an episode published on The Economics Show, a sister podcast of Behind the Money, on November 7, 2025. Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever ...

When I interviewed Richard Thaler a few years ago for a Forbes magazine piece, I was confident enough to tell him he "was going to get a call from Stockholm." Well, it took a few years, but Thaler, a ...

In 1996, an Israeli psychologist named Amos Tversky was curiously, but fulsomely, eulogized for having urged economists to put down their formulas and look out the window to see people as they really ...

University of Chicago scholar Richard Thaler was honored with the 2017 Nobel Prize in economics for his work questioning traditional assumptions that markets act rationally, and for taking human ...

Economists long believed that people were rational actors — that they would spend their money in the most efficient way possible. However, Richard Thaler, along with fellow Nobel laureate Daniel ...

STOCKHOLM — University of Chicago academic Richard Thaler was awarded the Nobel prize for economics on Monday. The $1.1-million prize was given to the American for his "understanding the psychology of ...

Richard Thaler of the University of Chicago, considered one of the founding fathers of behavioral economics, won the 2017 Nobel prize in economics for his influential work on how human nature affects ...

Renowned behavioral economist Richard Thaler recalled the time he offered draft advice to Washington Redskins owner Dan Snyder in an appearance on Sports Illustrated's "This Is Your Brain On Sports" ...

The relatively new field of behavioral economics studies the effects of psychological, social, cognitive and emotional factors on economic decision-making. “Human behavior is very complex. So, if we ...

The 2017 Nobel Prize in Economic Sciences has been awarded to Richard Thaler of the University of Chicago for his pioneering work in behavioral economics. The announcement was made in Stockholm.