Nobel in Economics is Awarded to Rochester Alumnus Richard Thaler
We are happy to announce that Richard Thaler, who received both a master’s degree (1970) and a PhD (1974) in economics at the University of Rochester, was awarded the Nobel Memorial Prize in Economic Sciences on Monday.
Professor Thaler is a leader in the field of behavioral economics, which spans economics and psychology, and is the author of several popular works, including the best-selling book Nudge: Improving Decisions about Health, Wealth, and Happiness. The Nobel committee in Stockholm honored him for his pioneering work in exploring how people make economic decisions and helping to explain how seemingly irrational decisions in fact have a sound psychological basis.
We congratulate Professor Richard Thaler on this significant recognition of his intellectual achievements.