Nobel Prize for Complexity of Human Decision Making

Managing Complexity – October 10, 2017

Economist Richard Thaler won the Nobel Prize in economics yesterday for his work in Behavioral Economics. This is a field of study of the complexity of human decision making. He is second person to win a Noble Prize in economics for Behavioral Economics. Psychologist Daniel Kahneman won the same award in 2002.  The field is a bridge between economics and psychology in decison making. See more …