GLOBAL PERSPECTIVES

A Different Face of Rationality

Oct 12, 2017 | 09:30 GMT

University of Chicago Professor Richard Thaler speaks to guests after learning he had been awarded the Nobel Prize in Economics on Oct. 9.

University of Chicago Professor Richard Thaler speaks to guests after learning he had been awarded the Nobel Prize in Economics on Oct. 9.

(SCOTT OLSON/Getty Images)

Within the socio-economic realities of developing countries, what Nobel Prize winner Richard Thaler considers to be somewhat less than rational economic decisions may have a "twisted" logic of their own....

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