Swedish scientist and head of the academy that awards Nobel prizes has ruled out the notion of gender or ethnicity quotas in the selection of laureates for the prestigious award. Göran Hansson, the secretary general of the Royal Swedish Academy.
The U.S.-based economists shared this year's Nobel in economics for their work with "natural experiments," such as studying how changes to the minimum wage impact the labor market.
STOCKHOLM - Economists David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel economics prize on Monday (Oct 11) for pioneering the use of "natural experiments" to understand the causal effects of economic policy and other events. Natural experiments use real-life situations to work out impacts on the world, an approach that has spread to other fields and revolutionised.
Three U.S.-based economists were awarded the Nobel Memorial Prize in Economic Sciences on Monday for their work drawing conclusions by observing the cause and effect of real-world economic actions.