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Richard Thaler of US wins Nobel Economics Prize

STOCKHOLM, Oct 9, 2017 (BSS/AFP) - US economist Richard Thaler on Monday won the Nobel Economics Prize for his pioneering work to bridge 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 a statement.