Twitter Account: Thaler and Economics

twitter account: Thaler won the prize for his research in behavioral economics, although he's far from the first behaviorist to win it Herbert Simon, Daniel Kahneman and Robert Shiller all got the big gold medal from Sweden, according to The Japan Times. But Thaler's work is arguably more wide-ranging and influential than any of those earlier pioneers. All question of whether this is a real Nobel can now be laid to rest, since the announcement was made via the Nobel Prize's official verified Twitter account. And it's the sheer breadth of Thaler's research that offers a peek into where the discipline of economics is headed. ; Loosely speaking, the economics of the past was a search for a grand unified theory. Later, that was replaced with explicit modeling of economic decision-making as the optimization of a rational economic agent. At first, supply and demand was the idea that tied econ together. (news.financializer.com). As reported in the news.