The winner of the “Economic Nobel” was named in Stockholm

On Monday, 9 October, the Swedish National Bank’s Alfred Nobel Prize in Economics (informally called the “Nobel Prize in Economics”) was named in Stockholm.

This year the prize was awarded to Richard Fehler (USA) “for his contribution to the study of behavioral economics.”

Behavioral economics is a field of economics that studies the influence of social, cognitive and emotional factors on economic decision-making by individuals and institutions and the consequences of this influence on market variables (prices, profits, resource allocation).

In 2016, Oliver Hart (Harvard University, USA) and Bengt Holmström (Massachusetts Institute of Technology, USA) became laureates of this award “for contributions to contract theory.”

2017 Nobel laureates

On October 2, American scientists Jeffrey Hall, Michael Rosbash and Michael Young were named laureates of the Nobel Prize in Medicine and Physiology. The prize was awarded to them “for the discovery of the molecular mechanisms that control circadian rhythms.”

On October 3, the American scientists Rainer Weiss, Barry Barish and Kip Thorne received the Nobel Prize in Physics. The prize was awarded to them “for their decisive contribution to the creation of the LIGO observatory and the observation of gravitational waves.”

On October 4, Jacques Dubochet (Switzerland), Joachim Frank (Germany-USA) and Richard Henderson (Great Britain) were announced Nobel laureates in chemistry “for developments in the field of cryoelectron microscopy for determining the structure of high-molecular biomolecules in solution.”

On October 5, the Nobel Prize in Literature was awarded to the Japanese-born British writer Kazuo Ishiguro “for revealing in novels the enormous emotional power of the abyss under our illusory sense of connection with the world.”

On October 6, the International Campaign to Abolish Nuclear Weapons (ICAN) was awarded the Nobel Peace Prize for highlighting the disastrous humanitarian consequences of any use of nuclear weapons and for pioneering efforts to achieve a treaty-based ban on such weapons “.

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