Monday, October 14, 2013

Nobel In Economics Awarded

The winners are Eugene Fama, father of the Efficient Markets Hypothesis, Robert Schiller, who has studied asset bubbles, particularly in housing, and Lars Peter Hansen, an econometrician who has done great work on financial markets.  That both Fama and Schiller were chosen is especially interesting as they represent something like opposite ends of the spectrum with regard to what drives asset prices.

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