Readers & Thinkers: The 2000 Nobel Prize in Economics. Post Analysis
Dear All: The Nobel Prize in economics was announced this morning. Despite my efforts and other people’s to predict the prize this year, we were wrong. WINNERS: James Heckman (CHICAGO) and Daniel McFadden (UC Berkeley) ON DAN MCFADDEN CONTRIBUTION: Dan McFadden was given the prize for his development of theory and methods for analyzing discrete choice models. Thus, he is primarily developed the statistical and mathematical rationales for certain tests that were used by him and many other economists to test theories and behavior....
read moreReaders & Thinkers: The 2000 Nobel Prize in Economics. Prediction
Dear All: Tomorrow morning is the announcment of the Nobel prize in economics. Please send your votes to ideas@foliofn.com by midnight tonight! Ludwig will take the winner out to lunch. Ludwig’s Guesses: I think the Nobel prize will be given in one of the following categories: (1) IO/Theory (2) Public Economics (3) Experimental Economics (4) Econometrics. Labor is also a possibility. For (1), I think the candidates are: Peter Diamond, George Akerlof, Michael Spence, and Joe Stiglitz (in order of likelihood). Oliver Hart would be a...
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