"This has also been used in public pension systems in the United States and the general idea of 'nudging' ... has made a breakthrough in public policy making," Torsten Persson, economics prize committee member, told Reuters. Asked how he would spend his prize money, Thaler said:"I will spend it as irrationally as possible." Many Americans, no womenThe economics prize, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968. The United States has dominated the economics prize, with American economists accounting for roughly half of laureates since the inception of the award. Indeed only one woman -- Elinor Ostrom in 2009 -- has won the economics prize to date, and not a single individual woman won any Nobel award in 2017.

Source: bd News24 October 09, 2017 09:56 UTC