Chicago Professor Richard Thaler Wins Nobel Prize in Economics

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A pioneer in behavioral economics.

Published Oct. 9 2017 7:25AM EDT

U.S. economist Richard Thaler, who has won the 2017 Nobel Economics Prize, poses in an undated photo provided by the University of Chicago Booth School of Business in Chicago, Illinois — Handout via Reuters

University of Chicago Professor Richard Thaler has been awarded the 2017 Nobel Prize in economics, the academy committee announced Monday. The $1.1 million prize was given to Thaler for his work as a pioneer in behavioral economics, incorporating psychological information into his analyses. The New Jersey native is a career academic who made a cameo appearance in the movie The Big Short.

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