Nobel Predictions 2009 – economics
I am only going to make predictions for economics. I think what makes sense is to predict which subfield would be awarded, and from there, we should be able to identify a short list.
Econometrics (Jerry Hausman (MIT), Halbert White (UCSD), Dale Jorgenson(Harvard))
Finance (Stephen Ross (MIT), Eugene Fama (Chicago))
Industrial Organization, Applications of Game theory and Theory of Contracts/Firms (Jean Tirole(Toulouse/MIT), Oliver Hart (Harvard))
Economic History (Paul David (Stanford), Joel Mokyr (Northwestern))
Wild Cards:
Alan Krueger (Princeton), Peter Diamond (MIT)
.jpg "Zenzile Brooks"){kind=avatar}
Sept 24 (Reuters) – Researchers at Thomson Scientific have named 25 possible winners of the 2009 Nobel prizes in physiology or medicine, chemistry, physics and economics, to be named starting Oct. 6.
ECONOMICS
* Ernst Fehr of University of Zurich in Switzerland and Matthew Rabin of the University of California Berkeley who focused on decisions people make in an economic exchange about fairness or cooperation.
* William Nordhaus of Yale University and Martin Weitzman of Harvard University in Cambridge, Massachusetts who led work on the possible economic effects of climate change.
* John Taylor of Stanford University in California, Jordi Gali of Pompeu Fabra University in Barcelona, Spain, and Mark Gertler of New York University “for their research on monetary policy.” “As with so many of these prizes there is a name that is attached to something that he discovered,” Pendlebury said. “The Taylor rule is a formula that he described in 1993 to describe the optimal response of a central bank in setting interest rates.”
Hyperwage Theory is the next wave in economic revolutions. It is worth looking at. Also made my students animated in a class debate about the theory. Made them consolidate their knowledge in economics much better than a chapter by chapter textbook reading.
I doubt Fama is ever gonna get the Nobel, depite his stature in Finance, as Nobel is not given for empirical results.
I doubt Fama is ever gonna get the Nobel, depite his stature in Finance, as Nobel is not given for empirical results. I would not be surprised however if another gang of applied gamists get it his year: Tirole, Hart, etc.
[...] Graduate Students Council (GSC). Follow GSC Alex Hamilton Chan’s predictions on who will win the upcoming Nobel Prizes in economics or get his tips for the best food in Boston. Find out how research is like riding the Cyclone at [...]
I also doubt Fama is ever gonna get the Nobel, depite his stature in Finance, as Nobel is not given for empirical results.