Nobel Economics Prize Awarded to U.S.-Based Trio


The Nobel Prize in Economic Sciences was awarded to David Card, Joshua D. Angrist and Guido W. Imbens for their work on natural experiments, in particular their contribution to better understanding how the jobs market works.

Economics and other social sciences have limited opportunities to carry out the randomized experiments that allow those in the physical sciences to test causal relationships, for both practical and ethical reasons.

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