Economics Nobel winner Thaler shed light on how real people behave


PBS NewsHour

Published on Oct 9, 2017

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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