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Diamond, Mortensen, Pissarides Share 2010 Nobel Prize for Economics 2010

The Prize in Economic Sciences in Memory of Alfred Nobel 2010, was awarded to Peter A. Diamond of the MIT, Dale T. Mortensen of Northwestern University and Christopher A. Pissarides of the London School of Economics for their analysis of markets with search frictions, according to the Nobel committee. Though the theories are useful for …

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Chi sarà il Premio Nobel 2010 per l’economia? Probabilmente Richard Thaler.

Chi sarà il Premio Nobel 2010 per l’economia? Auspicabilmente il vincitore del Nobel per l’economia quest’anno sarà Richard Thaler. Questa è la sua biografia: Richard H. Thaler è un economista americano specializzato in Finanza Comportamentale e Psicologia dei processi decisionali, discipline che colmano il divario tra economia e psicologia. Thaler indaga le implicazioni legate alla …

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Richard Thaler, Nobel Prize for Economics 2010, just a prediction?

Who will win the Nobel Prize in economics this year? Probably Richard Thaler will be the Nobel Prize for Economics 2010. Richard H. Thaler studies behavioral economics and finance as well as the psychology of decision-making which lies in the gap between economics and psychology. He investigates the implications of relaxing the standard economic assumption …

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Overcoming Temptations

Many purchase and consumption decisions involve an intrapersonal struggle between consumers’ righteous, prudent side and their indulgent, pleasure-seeking side. Whereas purchasing and consuming utilitarian necessities and virtues (e.g., a practical car, a healthful food item) is considered responsible and farsighted, yielding to hedonic temptations (e.g., buying a luxurious car, eating a chocolate cake) is viewed as impulsive and wasteful.