The big news, of course, in the Behavioral world is the awarding of the Nobel Prize for Economics to Richard Thaler, giving three such prizes to the field in the last 15 years. this decision speaks volumes about the importance of behavioral science to finance and economics. This article in Forbes was one of the best in our opinion.
By Brian Domitrovic
After the 1970s, the stagflation decade, we learned something big about economics—very big. We learned that extended periods of economic sluggishness, under-employment, diminished opportunity, pessimism about the future, severe inequality, and major inflation are wholly unnecessary. Read more...