We're all human: 'Nudge' theorist Thaler wins economics Nobel STOCKHOLM/CHICAGO (Reuters) - U.S. academic Richard Thaler, who helped popularize the idea of  nudging  people towards doing what was best for them, won the 2017 Nobel Economics Prize on Monday for his work on how human nature affects supposedly rational markets.  Influential in the field of behavioral economics, his research showed how traits such as lack of self-control and fear of losing what you already have prompt decisions that may not have the best outcome in the longer term.   I think the most important impact (of my research) is the recognition that economic agents are human and economic models have to incorporate that,  Thaler, a professor at the University of Chicago Booth School of Business, said in a call broadcast at the Nobel news conference.  Asked at a separate news conference in Chicago if it was difficult to get traditional, data-oriented economists to embrace his ideas, Thaler said it was "impossible...economists don't do a lot of embracing actually."  Awarding the 9 million Swedish crown ($1.1 million) prize, the Royal Swedish Academy of Sciences said:  Richard Thaler s contributions have built a bridge between the economic and psychological analyses of individual decision-making.    His empirical findings and theoretical insights have been instrumental in creating the new and rapidly expanding field of behavioral economics, which has had a profound impact on many areas of economic research and policy.   Thaler brought to prominence the idea of  nudge  economics, where individuals are subtly guided toward beneficial behaviors without heavy-handed compulsion, the theme of a 2008 book he co-wrote which caught the eye of policymakers around the world.  In research focused on self control - or the lack of it - Thaler touched on an age-old problem: why New Year s resolutions to change aspects of your life are notoriously hard to keep.  The issue has relevance for economics as individuals  tendency to fall prey to temptation often negatively affects plans to, for instance, save for retirement.  Together with Professor Cass Sunstein, he argued that society - while maintaining freedom of choice - should actively try to guide individuals in the right direction.  Their book, titled  Nudge: Improving Decisions about Health, Wealth, and Happiness  became popular with some western politicians seeking ways to encourage their citizens to save and live healthily, without incurring voters  wrath for raising taxes or banning behavior outright.   This has also been used in public pension systems in the United States and the general idea of  nudging  ... has made a breakthrough in public policy making,  Torsten Persson, economics prize committee member, told Reuters.   There s also a nudging unit for the UK government, there s one for the Australian government, it even affects the Swedish government when they think about these things.   David Laibson, chair of Harvard University s economics department, said many of Thaler s theories have been widely applied by business and government, aiming to get individuals to do a range of actions such as paying parking tickets and getting flu shots.   If you live in a developed country, there s some firm or entity that has read these ideas and started to affect your life,  Laibson said.  Influential in academic circles, the movie-going public may have noticed Thaler make a brief cameo in the 2015 film  The Big Short , explaining the so-called  hot-hand fallacy  where past success is expected to also warrant success in the future, with pop star Selena Gomez.   I basically have made a career stealing ideas from psychologists,  Thaler joked at the Chicago news conference.  Asked how he would spend his prize money, he said:   I will spend it as irrationally as possible.   The economics prize, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968. It was not part of the original group of awards set out in dynamite tycoon Nobel s 1895 will.  Economy is the last of this year s Nobels, with prizes for physiology or medicine, physics, chemistry, literature and peace awarded last week.  The United States has dominated the economics prize, with American economists accounting for roughly half of laureates since the inception of the award. Indeed, between 2000 and 2013, U.S. academics won or shared the prize every year.  While Americans have dominated the Nobel science and economics prizes, another category of researchers - women - have been few and far between. Indeed only one woman - Elinor Ostrom in 2009 - has won the economics prize to date, and not a single individual woman won any Nobel award in 2017.   We are disappointed looking in a larger perspective that there aren t more women who have been rewarded,  the Academy s secretary general Goran Hansson said.  He said the Academy would hold a conference to discuss the issue and nominators will be asked to identify women scientists for recognition and also consider ethnic and geographic diversity.   We are concerned, we are taking measures. I hope that in five years, 10 years, we will see a very different distribution,  Hansson said.  (For graphic on Nobel Prize winners, click - tmsnrt.rs/2hMJ6aQ)  worldnews
we human theorist whaler wins economics nobel reuters academic richard whaler helped popularize idea judging people towards best nobel economics prize monday work human nature affects supposedly rational markets influential field behavioral economics research showed traits lack fear losing already prompt decisions may best outcome longer term i think important impact research recognition economic agents human economic models incorporate whaler professor university chicago booth school business said call broadcast nobel news conference asked separate news conference chicago difficult get traditional economists embrace ideas whaler said impossible economists lot embracing actually awarding million swedish crown million prize royal swedish academy sciences said richard whaler contributions built bridge economic psychological analyses individual his empirical findings theoretical insights instrumental creating new rapidly expanding field behavioral economics profound impact many areas economic research policy whaler brought prominence idea nudge economics individuals subtly guided toward beneficial behaviors without compulsion theme book caught eye policymakers around world in research focused self control lack whaler touched problem new year resolutions change aspects life notoriously hard keep the issue relevance economics individuals tendency fall prey temptation often negatively affects plans instance save retirement together professor class sustain argued society maintaining freedom choice actively try guide individuals right direction their book titled nudge improving decisions health wealth happiness became popular western politicians seeking ways encourage citizens save live healthy without recurring voters wrath raising taxes banning behavior outright this also used public pension systems united states general idea judging made breakthrough public policy making torsion person economics prize committee member told reuters there also judging unit uk government one australian government even affects swedish government think things david liaison chair harvard university economics department said many whaler theories widely applied business government aiming get individuals range actions paying parking tickets getting flu shots if live developed country firm entity read ideas started affect life liaison said influential academic circles public may noticed whaler make brief cameo film the big short explaining fallacy past success expected also warrant success future pop star selena gomez i basically made career stealing ideas psychologists whaler joked chicago news conference asked would spend prize money said i spend irrational possible the economics prize officially called sverige riksbank prize economic sciences memory alfred nobel established it part original group awards set dynamite tycoon nobel economy last year novels prizes physiology medicine physics chemistry literature peace awarded last week the united states dominated economics prize american economists accounting roughly half laureates since inception award indeed academics shared prize every year while americans dominated nobel science economics prizes another category researchers women far indeed one woman editor storm economics prize date single individual woman nobel award we disappointed looking larger perspective women rewarded academy secretary general gran hanson said he said academy would hold conference discuss issue nominators asked identify women scientists recognition also consider ethnic geographic diversity we concerned taking measures i hope five years years see different distribution hanson said for graphic nobel prize winners click worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: We're all human: 'Nudge' theorist Thaler wins economics Nobel STOCKHOLM/CHICAGO (Reuters) - U.S. academic Richard Thaler, who helped popularize the idea of  nudging  people towards doing what was best for them, won the 2017 Nobel Economics Prize on Monday for his work on how human nature affects supposedly rational markets.  Influential in the field of behavioral economics, his research showed how traits such as lack of self-control and fear of losing what you already have prompt decisions that may not have the best outcome in the longer term.   I think the most important impact (of my research) is the recognition that economic agents are human and economic models have to incorporate that,  Thaler, a professor at the University of Chicago Booth School of Business, said in a call broadcast at the Nobel news conference.  Asked at a separate news conference in Chicago if it was difficult to get traditional, data-oriented economists to embrace his ideas, Thaler said it was "impossible...economists don't do a lot of embracing actually."  Awarding the 9 million Swedish crown ($1.1 million) prize, the Royal Swedish Academy of Sciences said:  Richard Thaler s contributions have built a bridge between the economic and psychological analyses of individual decision-making.    His empirical findings and theoretical insights have been instrumental in creating the new and rapidly expanding field of behavioral economics, which has had a profound impact on many areas of economic research and policy.   Thaler brought to prominence the idea of  nudge  economics, where individuals are subtly guided toward beneficial behaviors without heavy-handed compulsion, the theme of a 2008 book he co-wrote which caught the eye of policymakers around the world.  In research focused on self control - or the lack of it - Thaler touched on an age-old problem: why New Year s resolutions to change aspects of your life are notoriously hard to keep.  The issue has relevance for economics as individuals  tendency to fall prey to temptation often negatively affects plans to, for instance, save for retirement.  Together with Professor Cass Sunstein, he argued that society - while maintaining freedom of choice - should actively try to guide individuals in the right direction.  Their book, titled  Nudge: Improving Decisions about Health, Wealth, and Happiness  became popular with some western politicians seeking ways to encourage their citizens to save and live healthily, without incurring voters  wrath for raising taxes or banning behavior outright.   This has also been used in public pension systems in the United States and the general idea of  nudging  ... has made a breakthrough in public policy making,  Torsten Persson, economics prize committee member, told Reuters.   There s also a nudging unit for the UK government, there s one for the Australian government, it even affects the Swedish government when they think about these things.   David Laibson, chair of Harvard University s economics department, said many of Thaler s theories have been widely applied by business and government, aiming to get individuals to do a range of actions such as paying parking tickets and getting flu shots.   If you live in a developed country, there s some firm or entity that has read these ideas and started to affect your life,  Laibson said.  Influential in academic circles, the movie-going public may have noticed Thaler make a brief cameo in the 2015 film  The Big Short , explaining the so-called  hot-hand fallacy  where past success is expected to also warrant success in the future, with pop star Selena Gomez.   I basically have made a career stealing ideas from psychologists,  Thaler joked at the Chicago news conference.  Asked how he would spend his prize money, he said:   I will spend it as irrationally as possible.   The economics prize, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968. It was not part of the original group of awards set out in dynamite tycoon Nobel s 1895 will.  Economy is the last of this year s Nobels, with prizes for physiology or medicine, physics, chemistry, literature and peace awarded last week.  The United States has dominated the economics prize, with American economists accounting for roughly half of laureates since the inception of the award. Indeed, between 2000 and 2013, U.S. academics won or shared the prize every year.  While Americans have dominated the Nobel science and economics prizes, another category of researchers - women - have been few and far between. Indeed only one woman - Elinor Ostrom in 2009 - has won the economics prize to date, and not a single individual woman won any Nobel award in 2017.   We are disappointed looking in a larger perspective that there aren t more women who have been rewarded,  the Academy s secretary general Goran Hansson said.  He said the Academy would hold a conference to discuss the issue and nominators will be asked to identify women scientists for recognition and also consider ethnic and geographic diversity.   We are concerned, we are taking measures. I hope that in five years, 10 years, we will see a very different distribution,  Hansson said.  (For graphic on Nobel Prize winners, click - tmsnrt.rs/2hMJ6aQ)  worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: we human theorist whaler wins economics nobel reuters academic richard whaler helped popularize idea judging people towards best nobel economics prize monday work human nature affects supposedly rational markets influential field behavioral economics research showed traits lack fear losing already prompt decisions may best outcome longer term i think important impact research recognition economic agents human economic models incorporate whaler professor university chicago booth school business said call broadcast nobel news conference asked separate news conference chicago difficult get traditional economists embrace ideas whaler said impossible economists lot embracing actually awarding million swedish crown million prize royal swedish academy sciences said richard whaler contributions built bridge economic psychological analyses individual his empirical findings theoretical insights instrumental creating new rapidly expanding field behavioral economics profound impact many areas economic research policy whaler brought prominence idea nudge economics individuals subtly guided toward beneficial behaviors without compulsion theme book caught eye policymakers around world in research focused self control lack whaler touched problem new year resolutions change aspects life notoriously hard keep the issue relevance economics individuals tendency fall prey temptation often negatively affects plans instance save retirement together professor class sustain argued society maintaining freedom choice actively try guide individuals right direction their book titled nudge improving decisions health wealth happiness became popular western politicians seeking ways encourage citizens save live healthy without recurring voters wrath raising taxes banning behavior outright this also used public pension systems united states general idea judging made breakthrough public policy making torsion person economics prize committee member told reuters there also judging unit uk government one australian government even affects swedish government think things david liaison chair harvard university economics department said many whaler theories widely applied business government aiming get individuals range actions paying parking tickets getting flu shots if live developed country firm entity read ideas started affect life liaison said influential academic circles public may noticed whaler make brief cameo film the big short explaining fallacy past success expected also warrant success future pop star selena gomez i basically made career stealing ideas psychologists whaler joked chicago news conference asked would spend prize money said i spend irrational possible the economics prize officially called sverige riksbank prize economic sciences memory alfred nobel established it part original group awards set dynamite tycoon nobel economy last year novels prizes physiology medicine physics chemistry literature peace awarded last week the united states dominated economics prize american economists accounting roughly half laureates since inception award indeed academics shared prize every year while americans dominated nobel science economics prizes another category researchers women far indeed one woman editor storm economics prize date single individual woman nobel award we disappointed looking larger perspective women rewarded academy secretary general gran hanson said he said academy would hold conference discuss issue nominators asked identify women scientists recognition also consider ethnic geographic diversity we concerned taking measures i hope five years years see different distribution hanson said for graphic nobel prize winners click worldnews