On the evening of October 9th, Beijing time, the 217 Nobel Prize in Economics was announced. Richard Thaler, a professor at the University of Chicago in the United States, won this honor because of his achievements in behavioral economics.

richard thaler is an important representative in the fields of behavioral economics and behavioral finance. Born in New Jersey, USA in 1945, he received a Master of Arts (197) and a Doctor of Philosophy (1974) from Rochester. He has taught at the University of Rochester (1971-1978) and Cornell University (1978-1995) successively. Since 1995, he has been a professor of behavioral science and economics at the Graduate School of Business of the University of Chicago and the director of the decision-making research center. He is currently a member of the American Economic Association and an academician of the American Academy of Arts and Sciences.

In theoretical research, Seiler has made great contributions to abnormal behavior, economic man hypothesis, endowment effect, intertemporal selection, mental account and stock market. In practical application, Seiler analyzed and explained consumer behavior and government policy behavior including social welfare policy and savings and investment research through boosting ideas and choosing design.

before the announcement of this year's Nobel Prize winners, Clarivate Analytics, an intellectual property organization, predicted that the following fields were expected to win this year's Nobel Prize in Economics:

Colin Camerer of California Institute of Technology and George? Rovenstine, two scholars have made pioneering research achievements in the fields of behavioral economics and neuroeconomics; Robert Hall of Stanford University, whose representative research fields are labor productivity, economic recession and unemployment; Michael Zhan Sen of Harvard University and Stewart Myers of Massachusetts Institute of Technology study the complex factors that affect individuals and organizations in making decisions, and clarify the dimensions of corporate financing decisions.

The economics prize is the last prize awarded in the 217 Nobel Prize. Unlike the Nobel Prizes such as physiology or medicine, physics and literature, the Nobel Prize in Economics was awarded for the first time in 1969, and it was the "youngest" prize among the Nobel Prizes.

In fact, the real full name of the Economics Prize is actually called "Alfred Nobel Prize for Economics of Swedish Bank", also known as "Swedish Bank Economics Prize", which was established by the cooperation of the Swedish National Bank and the Nobel Foundation. Its bonus comes from the donation of the Swedish central bank, not the legacy of Nobel, that is to say, it is a "non-Nobel Prize" award related to the Nobel Foundation.

In p>1968, on the occasion of the 3th anniversary of the establishment of the National Bank of Sweden (the oldest central bank in the world, established in 1668), it chose to cooperate with the Nobel Foundation in order to seek more discourse rights such as policy independence. This public relations idea, which was called "genius-like" by later generations, made the Swedish National Bank's right to speak in international economy and politics continuously improve in the following decades.

The Nobel Prize in Economics can be awarded to a single person or shared by at most three people. Its main purpose is to commend the contributions made by relevant personnel in the fields of macroeconomics, microeconomics and new economic analysis methods. Among them, 24 Nobel Prizes in Economics were awarded to only one economist, 17 Nobel Prizes in Economics were awarded to two economists, and 6 Nobel Prizes in Economics were shared by three economists.

since 1969, 78 people have won this award, with an average age of 67. The first economists in the world to win this prize are Norwegian Frish and Dutch Jan Tinbergen. So far, only one woman has won the Nobel Prize in Economics, namely Elinor Ostrom, a professor at Indiana University who won the prize in 29.