Nobel Prize for Economics 2017 : US’ Richard Thaler it is!

Bhavika Kohli

The 2017 Nobel Prize for Economics has been awarded to American economist Richard H Thaler , for his worthy contribution to behavioural economics ; he was declared as its recipient in Stockholm , Sweden on Monday.
His research was praised for incorporating psychological assumptions into analyses of economic decision-making.

Raghuram Rajan, former governor of Reserve Bank of India, was a notable probable for the prize , who lost it to Thaler.

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