3 US economists share 2013 Nobel Prize in Economics
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Members of the Royal Swedish Academy of Sciences announce the winners of the Nobel Prize in Economics, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, during a news conference at the Royal Swedish Academy of Sciences in Stockholm Oct 14, 2013. Pictured in the projection are laureates Eugene Fama (L-R), Lars Peter Hansen and Robert Shiller. The three American scientists won the 2013 economics Nobel prize on Monday for research that has improved the forecasting of asset prices in the long term and helped the emergence of index funds in stock markets, the award-giving body said.[Photo/Agencies] |
STOCKHOLM -- The 2013 Nobel Prize in Economics was awarded to US economists Eugene Fama, Lars Peter Hansen and Robert Shiller for their empirical analysis of asset prices, announced the Royal Swedish Academy of Sciences here on Monday.
The economics prize, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968. It was not part of the original group of awards set out in dynamite tycoon Nobel's 1895 will.
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