3 Americans won the Nobel prize in economics

  • Three Americans namely, Eugene Fama, Lars Peter Hansen, and Robert Shiller won the Nobel prize for developing new methods that can be used to study trends in asset markets. 

    The three winners didn't work together but contributed individually in demonstrating "that stock prices, while unpredictable in the short term, tend to follow established rules in the long term," the New York Times noted. 

    Researchers in America have dominated awards in economics recently; the committee has announced all six winners for 2013. 

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