US-based trio claim Nobel economics prize for ‘natural experiments’.

Three US-based economists won the 2021 Nobel prize for economics for work on drawing conclusions from unintended experiments, or so-called “natural experiments”.

David Card of the University of California at Berkeley was awarded one half of the prize, while the other half was shared by Joshua Angrist from the Massachusetts Institute of Technology and Guido Imbens from Stanford University.

The Royal Swedish Academy of Sciences said the three have “completely reshaped empirical work in the economic sciences”.

“Card’s studies of core questions for society and Angrist and Imbens’ methodological contributions have shown that natural experiments are a rich source of knowledge,” said Peter Fredriksson, chairman of the Economic Sciences Committee.

“Their research has substantially improved our ability to answer key causal questions, which has been of great benefit for society.”

Unlike the other Nobel prizes, the economics award was not 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. – AP

The Irish Times

The Irish Times online. Latest news including sport, analysis, business, weather and more from the definitive brand of quality news in Ireland.

https://www.irishtimes.com/

'No one is safe': Haitian speaks out after missionaries kidnapped.

'No one is safe': Haitian speaks out after missionaries kidnapped.

'No one is safe': Haitian speaks out after missionaries kidnapped #CNN #News

School Cafeterias Hurting From Supply Chain Issues And Price Hikes.

School Cafeterias Hurting From Supply Chain Issues And Price Hikes.

According to a recent survey of 1,400 school nutrition directors, nearly all are concerned about supply chain issues and 90 percent about staffing shortages. School cafeterias face an additional challenge of meeting USDA nutritional guidelines to ...

Nightly News Full Broadcast - October 18th

Nightly News Full Broadcast - October 18th

Remembering former Secretary of State Colin Powell, FBI and State Dept. team in Haiti after 17 missionaries kidnapped, conflict over Covid vaccine mandates in Chicago and beyond. 00:00 Intro 02:15 Remembering Colin Powell 05:17 Americans Kidnapped...

NBC News Exclusive: Former Miami Police Chief Art Acevedo Speaks Out.

NBC News Exclusive: Former Miami Police Chief Art Acevedo Speaks Out.

Former Miami Police Chief Art Acevedo was fired just six months into his tenure. Acevedo says he was fighting corruption and punished for accusing city commissioners of interfering with investigations, but critics cite several missteps for his ous...

Hannity: Vaccine mandates crushing first responders once hailed as heroes.

Hannity: Vaccine mandates crushing first responders once hailed as heroes.

Sean Hannity sounds off in his Opening Monologue on Monday #foxnews #hannity Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news ...

Nationwide standoffs continue over vaccine mandates l WNT.

Nationwide standoffs continue over vaccine mandates l WNT.

In California, “Our Children, Our Choice” protests against the vaccine mandate for students continue. In Chicago, the police union is in a standoff to protect officers who refuse to be vaccinated. WATCH THE FULL EPISODE OF 'WORLD NEWS TONIGHT': WA...