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Economics Nobel goes to research on bidding: why is it important? | Oneindia News [Video]

Economics Nobel goes to research on bidding: why is it important? | Oneindia News

The 2020 Nobel Prize in Economic Sciences has been awarded to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats." Why is it important to..

Credit: Oneindia     Duration: 01:11Published

Paul Milgrom, Robert Wilson win Nobel economics prize [Video]

Paul Milgrom, Robert Wilson win Nobel economics prize

U.S. economists Paul Milgrom and Robert Wilson won the 2020 Nobel Economics Prize for improvements to auction theory and inventions of new auction formats, the Royal Swedish Academy of Sciences said on..

Credit: Reuters Studio     Duration: 00:56Published

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The Hindu Explains | What did the 2020 Economics Nobel winners discover about auction theory?

What is auction theory? What are its applications?
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Captured on doorbell camera: This is how economist Paul Milgrom had to be informed about Nobel win

Two economists Paul R Milgrom and Robert B Wilson on Monday won the 2020 Nobel Prize in economics but when the Nobel committee tried to reach the two to deliver the good news, Milgrom could not be..
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Top news of the day: Paul Milgrom and Robert Wilson share Economics Nobel for their work on auction theory; Nirmala Sitharaman unveils new proposals to stimulate economy, and more

The major news headlines of the day, and more.
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Economics Nobel goes to Paul R. Milgrom, Robert B. Wilson for their work on auctions

This year’s Economic Sciences Laureates, Paul Milgrom and Robert Wilson, have improved auction theory and invented new auction formats, benefitting sellers, buyers and taxpayers around the world,”..
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'Muslim takeover' a baseless fear, says Nobel laureate Abhijit Banerjee

Minorities in India, much like in the United States, were "not really anywhere close to being dominant" and the fear of any "Muslim takeover in India" was baseless, 2019 Economics Nobel Laureate..
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Instead of corporate tax cuts, give money to the poor: Nobel laureate Abhijit Banerjee

They will spend it immediately and kick-start demand in the economy, says the 2019 Economics Nobel Prize winner.
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Watch: Abhijit Banerjee, Esther Duflo opt for Indian attire at Nobel Prize ceremony

Indian-American economist Abhijit Banerjee and French-American economist Esther Duflo accepted their joint Economics Nobel Prize 2019 for their “exper
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Abhijit Banerjee, Esther Duflow turn up in dhoti, saree to receive Economics Nobel

Stockholm [Sweden], Dec 11 (ANI): Indian American economist Abhijit Banerjee and his French-American wife Esther Duflo along with their colleague Michael Kremer received the 2019 Nobel Prize in..
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Letting the world know ‘what works’

Randomised control trials pioneered by this year’s Economics Nobel winners have helped crack complex problems
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How Banerjee and Duflo’s partners in India view their experiments

Abhijit Banerjee and Esther Duflo, this year’s economics Nobel laureates, refined their techniques in India, working on the field with organisations like Seva Mandir and Pratham. ​
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Government should reverse cuts on corporate taxes: Abhijit Banerjee

Money saved could be used to expand PM KISAN scheme to include non-farmers, says the 2019 Economics Nobel winner.
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PM KISAN should include landless labourers: Abhijit Banerjee

Government should reverse corporate tax rate cuts it recently implemented, says the 2019 Economics Nobel winner.
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Nobel Prize lessons

That the Economics Nobel for this year is based on the premise of development economics and the fact that the citation refers to dedicated experimenta
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Explained | What is a randomised controlled trial?

The new Economics Nobel laureates - Abhijit Banerjee, Esther Duflo and Michael Kremer - are considered to be instrumental in using randomised controlled trials to test the effectiveness of various..
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