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Tag: Nobel Prize
Economics Nobel Recognizes Nature and Knowledge
Two academics who have integrated what might have once seemed like non-economic externalities into economic models have been awarded the 2018 Nobel Prize in economics. The winners are William D. Nordhaus of Yale University, cited for integrating climate change into macroeconomic analysis, and Paul M. Romer of New York University’s Stern School of Business, cited doing the same with technological innovations.
Posted in Announcements, Career, Impact, Recognition
Also tagged Climate Change, Economics, Technology
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What Nudged the Nobel Committee to Honor Richard Thaler?
Richard Thaler was not the first proponent of behavioral economics to be awarded a Nobel Prize, notes Sergey Popov. But Thaler's star turn came when the Great Recession and it orgy or irrationality brought a lot of attention to research that extensively cites the University of Chicago's economist's 40-year-long academic career.
Posted in Impact, Recognition
Also tagged Behavioral economics, Nudge, Richard Thaler
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A Founding Father of Behavioral Economics Wins Nobel Prize
Richard H. Thaler, the University of Chicago economist whose contributions linking psychology to the ‘dismal science’ caught the public’s eye in his co-authored bestselling book Nudge, has received this year’s Nobel Prize in economic sciences.
Posted in Impact, Recognition
Also tagged Behavioral economics, Behavioural Economics, Economics, Nudge, Richard Thaler
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Al Roth on Matching Markets
In this Social Science Bites podcast, Nobel laureate economist Al Roth explains to interview David Edmonds some of the ins and outs of market matching, giving a wealth of real-world examples.
Posted in Social Science Bites
Also tagged Al Roth, Game Theory, Kidney Transplants, Matching Markets
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Why Did Contract Theory Deserve a Nobel Prize?
As technology improves and organizations become more complex, the theory and practice of contract design will only increase in importance. As such, we owe, we owe a great debt to this year's Nobel laureates in economics for giving us powerful tools to structure effective contracts.
How Data Empowered the Individual (and Won a Nobel)
Angus Deaton called for the applied microeconomists not to abandon economic theory in favor of experiments but instead to think more deeply about the consequences of economic theories and how they can be tested using real-world data. This is the approach he has followed throughout his career and what has led to him win a Nobel Prize.
Bridge-building Economist Angus Deaton Wins Nobel
The Nobel committee has awarded Princeton's Angus Deaton 'for his analysis of consumption, poverty, and welfare.' But in fact, he was awarded for building bridges – between disciplines, between theory and reality, between people.
What I’ve Got Against the Nobel in Economics
This year's winner of the not-quite Nobel Prize in economics once again demonstrates the triumph of the blackboard over the real world in what gets recognized -- and that's not good, argues David Spencer.
Regulation Wrangler Wins Nobel in Economics
How do we understand and regulate industries where there are only a few powerful firms? French economist Jean Tirole, for one, asked such a question and his answers earned him a Nobel this morning.
My social science career: Interview with Elinor Ostrom
As part of a series of occasional interviews with leading social scientists, Elinor Ostrom spoke to socialsciencespace. In 2009, she became the first woman to be awarded the Nobel Memorial Prize in Economic Sciences, which she shared with Oliver E. Williamson. She is currently the Arthur F. Bentley Professor of Political Science, and Senior Research […]
Posted in Career, Featured, International Debate, Interview, Resources
Also tagged Economics, Elinor Ostrom, Political Science, Social Science
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