He was awarded a Nobel prize Monday for his work showing economic and financial decisions are not always rational, but mostly human.
So it seems fitting that US economist Richard Thaler, 72, says he wants to spend his $1 million winnings "as irrationally as possible."
In awarding the prize, the Royal Swedish Academy of Sciences praised Thaler for bringingRead more
US economist Richard Thaler on Monday won the Nobel Economics Prize for his pioneering work bridging the gap between economics and psychology, the jury said.
“By exploring the consequences of limited rationality, social preferences, and lack of self-control, he has shown how these human traits systematically affect individual decisions as well as market outcomes,” the Nobel jury said in aRead more
Survivors of the World War II atomic bombing of Hiroshima and Nagasaki on Friday congratulated ICAN on winning this year's Nobel Peace Prize, vowing to work together with the disarmament group to achieve a nuclear-free world.
"I'm delighted that ICAN, which has taken action to abolish nuclear weapons like us, won the Nobel Peace Prize," Sunao Tsuboi, who suffered serious burnsRead more
Nuclear disarmament group ICAN won the Nobel Peace Prize on Friday for its decade-long campaign to rid the world of the atomic bomb as nuclear-fueled crises swirl over North Korea and Iran.
More than 70 years since atomic bombs were used on the Japanese cities of Hiroshima and Nagasaki, the Nobel committee sought to highlight ICAN’s tireless non-proliferation efforts.
TheRead more
The world's nuclear powers must begin "serious negotiations" aimed at disarmament, the Nobel committee said Friday as it awarded its prestigious Peace Prize to non-proliferation pressure group ICAN.
"This year's Peace Prize is also a call upon these states to initiate serious negotiations with a view to the gradual, balanced and carefully monitored elimination of the almost 15,000 nuclear weaponsRead more
A revolutionary technique dubbed cryo-electron microscopy, which has shed light on the Zika virus and an Alzheimer’s enzyme, earned scientists Jacques Dubochet, Joachim Frank and Richard Henderson the Nobel Chemistry Prize on Wednesday.
Thanks to the international team’s “cool method,” which uses electron beams to examine the tiniest structures of cells, “researchers can now freeze biomolecules mid-movement and visualize processesRead more
The Swedish Academy will announce the Nobel Literature Prize laureate on Thursday, it said, turning the page on last year's shock pick of Bob Dylan which divided the literary world.
"The Swedish Academy has decided to announce the name of this year's Nobel Literature Prize laureate on Thursday, October 5, at 1:00 pm" (1100 GMT), the Academy wrote on itsRead more
U.S. scientists Jeffrey Hall, Michael Rosbash and Michael Young won the 2017 Nobel prize for medicine on Monday for unravelling molecular mechanisms that control our internal body clocks.
These help explain how people experience jet lag when their internal circadian rhythms get out of sync, while also having wider implications for disorders ranging from insomnia to depression to heart disease.Read more
How many people have won a Nobel Prize? Who was the oldest winner? How much do they win? Here are some facts and figures about the Nobel Prizes:
• 5 prizes were created by Alfred Nobel in his 1895 will, for medicine, physics, chemistry, literature and peace, which were awarded from 1901. A sixth prize in economics, “in memory ofRead more