Nobel winner Thaler shed light on how real people behave

Incorporating human nature into economics. More

University of Chicago scholar Richard Thaler was honored with the 2017 Nobel Prize in economics for his work questioning traditional assumptions that markets act rationally, and for taking human nature into account. Economics correspondent Paul Solman helps explain Thaler's theories, then Judy Woodruff speaks with Thaler about his honored work.

AIR DATE 10/9/17