STOCKHOLM (AP) – Three US-based economists on Monday won the 2021 Nobel Prize in Economics for drawing conclusions from involuntary experiments, or so-called “natural experiments.”
The University of California’s David Card in Berkeley received one-half of the prize, while the other half was distributed by Joshua Engrest of the Massachusetts Institute of Technology and Guido Ambience of Stanford University.
The three have “completely reshaped experimental work in economics,” said the Royal Swedish Academy of Sciences.
Peter Frederickson, chairman of the Economic Sciences Committee, said: “A study of the basic questions of society and the engagement and ambiance methodology card has shown that natural experiments are a rich source of knowledge.” “Their research has significantly improved our ability to answer key questions, which has been very beneficial to society.”
Unlike other Nobel Prizes, the Economics Prize was not established by the will of Alfred Nobel, but by the Swedish Central Bank in his memory in 1968, with the first winner selected a year later. This is the final prize announced each year.
Last week, the 2021 Nobel Peace Prize was awarded to Filipino journalists Maria Risa and Russia’s Dmitry Maratov for their fight for freedom of expression in countries where journalists have been subjected to constant attacks, harassment and even murder.
Risa was the only woman to win an award in any category this year.
The Nobel Prize for Literature was awarded to Abdul Raziq Garnah, a British-based Tanzanian author, for his “uncompromising and sympathetic intervention in the effects of colonialism and the fate of refugees.”
The Physiology or Medicine Prize was given to Americans David Julius and Ardim Patapotin for their discoveries about how the human body perceives temperature and touch.
The three scientists won the Physics Prize for their work in arranging what appeared to be a breakdown, helping to explain and predict the complex forces of nature, including increasing our understanding of climate change.
Benjamin List and David WC Macmillan have won the Chemistry Prize for finding an easy and environmentally clean way to build molecules that can be used to make compounds, including drugs and pesticides.