Richard H. Thaler Wins Economics Nobel

The Economic Nobel, last of the Nobel prizes to be awarded this year, went to Richard H. Thaler for his work "on understanding the psychology of economy. " The winner will walk away with 9-million-kronor ($1.1-million) prize.

The Sveriges Riksbank (Swedish National Bank) Prize in Economic Sciences in Memory of Alfred Nobel was first awarded in 1969, nearly seven decades after the series of prestigious prizes that Nobel called for. Despite its provenance and carefully laborious name, it is broadly considered an equal to the other Nobel and the winner attends the famed presentation banquet.

UCJ, UNILORIN.