Notable Economists – India and World

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91. Who is known for the concept of “behavioral economics”?
a) Daniel Kahneman
b) Richard Thaler
c) Robert Shiller
d) Esther Duflo

Answer: a) Daniel Kahneman
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92. Who is known for the theory of “efficient market hypothesis”?
a) Eugene Fama
b) John Kenneth Galbraith
c) Paul Samuelson
d) Friedrich Hayek

Answer: a) Eugene Fama
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93. Who is known for the concept of “random walk hypothesis” in finance?
a) Burton Malkiel
b) Eugene Fama
c) Robert Shiller
d) Joseph Stiglitz

Answer: a) Burton Malkiel
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94. Who is known for the theory of “monetary theory of inflation”?
a) Milton Friedman
b) Robert Lucas Jr.
c) Paul Krugman
d) Joseph Stiglitz

Answer: a) Milton Friedman
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95. Who is known for the concept of “rational addiction” in economics?
a) Gary Becker
b) Robert Solow
c) Kenneth Arrow
d) Paul Romer

Answer: a) Gary Becker
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