Readers & Thinkers: The 2024 Nobel Prize in Economics. Prediction

Dear All:

This week begins the annual announcement of Nobel Prizes in a variety of fields.  The economics Nobel prize will be announced on October 14, 2024 (Columbus Day).

Last Year’s Winners

Last year, the prize was given to Claudia Goldin  “for having advanced our understanding of women’s labour market outcomes”.  I wrote a post blog about that.  

Who will win in 2024?

As I’ve said before, it’s just too hard to predict anymore so I don’t try.  Having said that, the Nobel Committee might award it to someone in international economics or political economics.

Public Opinion on the Potential Winner

1. Clarivate lists some economists, but is virtually always incorrect.

Their prediction ability has always been pretty poor, although these areas of economics might be politically palatable.

2.  I could not find any betting markets for economics. 

Although, we might not know who will win, a new article in Nature gives us some clues about the likelihood of winning the Nobel prize.  Amongst the items, don’t forget to call your advisor and wish him/her “Happy Birthday” especially if he/she won the Nobel Prize.  They can help nominate you.

If you are interested in the Silk Nobel Lecture Series, go to this link:  www.usfnobel.com.   Our new videos will be available this week, with Richard Thaler, Jim Heckman, and Robert Engle.  On November 19, 2024, we will have Phil Dybvig visit us live on the USF campus.  You are welcome to attend.

How did different Nobel prize winners answer the same question?  Click Here.

Ludwig

October 9, 2024