academy of sciences has decided to this very acidic spunk prize in economics sciences in memory of alfred nobel. to richard h. failed for his contributions to behavioral economics. and you see the photo of the doctrine of failure on the screen. he was born in ninety five it is the latest nobel prize this year the twenty seven nobel prize in economics the u.s. professor who has won the ana is said to have made economics human we will tell you how. also coming up spain's ibex rebounds from last week's losses as political risk concerns over catalonia. i won't. be the world's biggest do trade fair focuses on the concept foods of the future anyone up for began tuna. welcome to your business so you as economist richard thaler has been awarded the nobel prize for economics today's announcement by the swedish nobel committee praised the research of a bridging the gap between psychology and economics the prize is not part of the original series or awards set top a by alfred nobel and originated only in nine hundred sixty eight dollars distinction occurs as economists are increasingly under fire from ris

look at what we mean here so the committee tweeted out this video today and this is actually alfred nobel'sill if we can bring that up the committee said that the twenty seventeen nobel peace prize to icann has a solid grounding in alfred nobel's will so what is i mean the committee explained later in a press release that he left behind very specific instructions for how to hand out the peace prize in fact they say that his will contains three different criteria for the prize and one of them is the advancement of disarmament and arms control and it continues i can work vigorously to achieve nuclear disarmament of course many people know mr nobel invented dynamite and other explosives and later in his life he became concerned because these were being used for military purposes so we became a bit of an advocate for disarmament so i think he would have approved of this pick maybe that influence the decision this seems like a very appropriate choice and now that you've explained that now the nobel committee has come out and denied any of those messages out there that this is a message for world

to study acidic spine prize in economics sciences in memory of alfred nobel. to richard h. failer for its contributions to behavioral economics. as the last nobel prize of best year the twenty seventeen award in economics us professor robert as one the on the for having made economics more human by understanding that psychology of it. and they can only fall out of spain's troubles as complicated as the politics of catalonia threatens to declare independence but spain's share and as we bounce from last week's losses. also as the japanese rise wind sock a record label loses market share in japan's becomes above trend. and you're. welcome to do business i'm going to have an office in berlin u.s. economist richard thaler has been awarded the nobel prize for economics today's announcement by the swedish nobel committee praised the research of bridging the gap between psychology and economics so this distinction occurs as economists are increasingly under fire from rising populist and antiglobalization movements around the world because of behavioral economics and thanks to. the

twenty seventeen to the international campaign to abolish nuclear weapons has a solid grounding in alfred nobel's will that will specifies thirty different criteria for awarding the peace prize the promotion of fraternity between nations the advancement of this armament an arms control on the home doing promotion of peace congresses i can works vigorously to achieve nuclear disarmament i can and a majority of un member states have contributed to fraternity between nations by supporting the humanitarian pledge and through its inspiring and innovative support for the un negotiations on the treaty banning nuclear weapons i can has played a major part in bringing about what in our day and age is equivalent to an international peace congress. it is the firm conviction of the norwegian nobel committee that i can more than anyone else has in the past year given the effort to achieve a world without nuclear weapons a new direction and in new vigor thank you very much. there you have me. what is your message to the international campaign to abolish nuclear weapons has been awarded the nobel peace prize fo

between psychology and economics the prize is not part of the original series of awards set up by alfred nobel and originated only in one thousand nine hundred sixty eight sailors distinction occurs as economists are increasingly under fire from rising populist an anti globalization movements around the world. i sound like an interesting guy as does the gentleman next to me you know jelinek from w.'s business desk so you could what can you tell us about richard salem well i would love to give you one of his most famous quotes and that's conventional economics assumes that people are highly racial super ration ill and unemotional and we all know they are not no they're not no they're not and that's why a conventional economy is often incomplete and wrong you know we all know people make poor choices and why we were out why we make poor choices and how we can improve our choices that's what his work was focused on and that's why his wife's work so important for all of us but does it really need an economist a top economist to tell us that people aren't rational yes because we all believe that we

field of behavioral economics the prize is not part of the original series of awards set up by alfred nobel and originally only in one nine hundred sixty eight tyler's distinction occurred as economists are increasingly under fire from rising populist an anti globalization movements around the world the announcement was made just a few moments ago let's listen in. the roaring swedish academy of sciences has decided to study the city expire prize in economics sciences in memory of oxford the battle to richard h. favor for his contributions to behavioral economics. and we'll have more coverage of this u.s. economic slaughter laureate at the top of the hour that's coming up in our business news well meantime in spain there's been a massive rally in barcelona against plans by catalan leaders to declare independence the march came as the spanish prime minister says that he would make would take measures to prevent the region from breaking away organizers say that nearly a million demonstrators packed into the center of barcelona local police put the number at three hundred and fifty thousand the

not far from alfred nobel whose famous prize is bear his name lies another illustrious. count falcon bernadotte a visible. like nobel his name is linked with peace as the first un mediator in the arab israeli conflict. unlike. his life ended violence. like van adult who want to make peace. have a chance of doing so look at the lily understand the deeper roots of the conflict. on the seventeenth of september one thousand nine hundred forty eight shortly after arriving in jerusalem. that office was assassinated by. the killers right wing israelis the stern gang people with seen this true path feel they got off scot free. and one of them the tuckshop mia. became the prime minister orpheus for. this is the story of how peace can be frustrated by extremists and. how assassination can turn the tide of history. with consequences that still scar the middle east. this is the story of killing the count. february one thousand nine hundred forty five. count foca been a dot is about to board a nazi plane bound for land. as vice president of the swedish red cross he was leading the bi

the awarding of the peace prize to icann it turns out that it really does fit in perfectly with alfred nobel'sriginal wishes and take a look this is coming from the nobel committee and this is actually a video of his original will and the committee along with this video they said that the twenty seven thousand nobel peace prize to icann has a solid grounding in his will the committee then later explained in a press release that he left behind some very specific instructions for the awarding of the peace prize in fact in this press release to explain that his will contains three different criteria for the prize one of them is the advancement of disarmament and arms control and it continues that i can work vigorously to achieve nuclear disarmament mr nobel he died eight hundred ninety six so just around the turn of the century already concerned though about the proliferation of weapons and i think he would have approved then of this pick you know the nobel committee today has been denying that the board to supposed to send some sort of message to world leaders but we can't deny what is happening

it's weird, someone talked alfred nobel into doing the peace prize.ou know his most famous invention, dynamite. >> a counter >> he said that might be a good idea >> a counterbalance. >> i did not know that that's fascinating >> you have come back with a new attitude something i told you interesting -- >> i'm learning something. i'm being educated >> this could be the beginning of beautiful -- >> could be. >> did you land between the coasts or something? you didn't land between the coasts san francisco, new york, boston. >> san francisco, l.a. >> cambridge >> cambridge, m.i.t. new york >> that's not as bad >> that was -- >> not the peoples republic -- all right. good good getting off to a good start. but it's friday. on monday it all will be back to -- right? >> jobs friday >> it is jobs friday other stocks to watch, yum china's third quarter earnings missed forecasts, though revenue beat same-store sales rose 6% the fast food chain also the ceo who has led the company since the spinoff from yum brands will be stepping down. he will be replaced by yum