Insurance view of Nobel Economics Prize

Friday 15.12.2017 // Middle East Insurance Review // Dr. Kai-Uwe Schanz

On 9 October 2017, Prof Richard H Thaler was awarded the Nobel Prize in Economics, honouring his work in behavioural economics. The 2017 laureate demonstrated how human action generally diverges from the paradigm of perfect rationality which underlies most economic modelling and thinking.

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