Nobel economics prizes awarded for natural experiment work
STOCKHOLM — Three U.S-based economists won the 2021 Nobel prize for economics on Monday for work on drawing conclusions from unintended experiments, or so-called “natural experiments.”
The Royal Swedish Academy of Sciences said the three have “completely reshaped empirical work in the economic sciences.” Unlike the other Nobel prizes, the economics award wasn’t established in the will of Alfred Nobel but by the Swedish central bank in his memory in 1968, with the first winner selected a year later. It is the last prize announced each year.
The prize for physiology or medicine went to Americans David Julius and Ardem Patapoutian for their discoveries into how the human body perceives temperature and touch.
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