The correct answer is Richard H. Thaler.
In 2017, the Royal Swedish Academy of Sciences awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to American economist Richard H. Thaler. He was recognized for his monumental contributions...
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The correct answer is Richard H. Thaler.
In 2017, the Royal Swedish Academy of Sciences awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to American economist Richard H. Thaler. He was recognized for his monumental contributions to behavioral economics, a field that explores the psychological factors influencing economic decisions.
Thaler’s research challenged the traditional economic assumption that humans always act as purely rational "Econs." Instead, he demonstrated how human traits—such as limited rationality, social preferences, and a lack of self-control—systematically affect individual choices and market outcomes.
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