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Photo taken on Oct. 9, 2017 shows the press conference to announce the 2017 Nobel Prize in Economics in Stockholm, Sweden. The 2017 Nobel Prize in Economics, or officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was awarded to Richard H. Thaler "for his contributions to behavioural economics," announced the Royal Swedish Academy of Sciences here on Monday. (Xinhua/Shi Tiansheng)

STOCKHOLM, Oct. 9 (Xinhua) -- The 2017 Nobel Prize in Economics, or officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was awarded to Richard H. Thaler "for his contributions to behavioural economics," announced the Royal Swedish Academy of Sciences here on Monday.

Peter Gardenfors, member of the committee for the Economics Prize said, Thaler's achievements successfully integrated economics and psychology, as he made economics "more human." And his theories "help people make better economic decisions."

Thaler, woken up early in the morning, told Xinhua at the press conference through telephone interview that he is currently focused on researches on "nudging" and the Swedish pension system. And he said he had not planned very far about his future researches.

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