Nobel winner Thaler shed light on how real people behave
Clip: 10/9/2017 | 9m 43sVideo has Closed Captions
Incorporating human nature into economics.
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 nature into account. Economics correspondent Paul Solman helps explain Thaler's theories, then Judy Woodruff speaks with Thaler about his honored work.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Nobel winner Thaler shed light on how real people behave
Clip: 10/9/2017 | 9m 43sVideo has Closed Captions
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 nature into account. Economics correspondent Paul Solman helps explain Thaler's theories, then Judy Woodruff speaks with Thaler about his honored work.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...