^BC-Nobel-Economics,0041
^URGENT=
^Three Americans win the Nobel prize in economics
¶ STOCKHOLM, Sweden (AP) _ Americans George A. Akerlof, A. Michael Spence
and Joseph E. Stiglitz won the Nobel prize for economics Wednesday for
advances in ways to analyze markets.
¶ ^MORE=
¶
etb
Indeed, the ease with
which the clever people on this list are able to generate explanations
that go either way seems to me to be a bad sign for evolutionary
psychology.
Hi Alex,
It was a bad sign for EP 25 years ago when that was virtually all there was to EP
(then called socio-biology)
The Fight or Flight adrenaline effect is yet another (possibly clever?)
explanatory note; the specific adversity/disaster is important. I don't
believe in any general happiness while hungry or happiness while in
pain. But when the crummy circumstance was caused by a more specific
threat, the
well, it seems like ackerlof won!
and joe stiglitz! - a good choice.
Hmm..seems like I recall someone predicting Janet Yellen not her
husband as the odds-on favorite to win this year :-)
Bill Dickens [FL-based]
-Original Message-
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]
Sent: Thursday, October 11, 2001 3:47 AM
To: [EMAIL PROTECTED]
The EP experiments don't seem that convincing. Can't you make the same
arguments against the EP experiments that many economists make against the
work of Kahneman/Tversky --that there isn't enough at stake for the
individual to make a good decision. It seems silly to show people
pictures and ask
Stiglitz would have liked to get the prize for the Modigliani-Miller
theorem but that one was already taken.
Alex
--
Dr. Alexander Tabarrok
Vice President and Director of Research
The Independent Institute
100 Swan Way
Oakland, CA, 94621-1428
Tel. 510-632-1366, FAX: 510-568-6040
Email: [EMAIL
I've read that the Academy tends to clump together Nobelists
by topic - the game theory year of Selten, HArsanyi and Nash, for
example. Maybe somebody would take it personally, but they shoudln't.
Fabio
On Wed, 10 Oct 2001, Bryan Caplan wrote:
In a way, isn't dividing the prize 3 ways a
I believe that is the Spence of the original cite for signaling behavior in labor
markets.
[EMAIL PROTECTED] 10/10/01 12:00PM
who is spence?
- Original Message -
From: markjohn* [EMAIL PROTECTED]
Date: Thursday, October 11, 2001 0:46 am
stiglitz, akerlof, spence
Bryan,
U. A Nobel prize is a slap in the face? I'd certainly turn the other cheek!
- - Bill
William T. Dickens
The Brookings Institution
1775 Massachusetts Avenue, NW
Washington, DC 20036
Phone: (202) 797-6113
FAX: (202) 797-6181
E-MAIL: [EMAIL PROTECTED]
AOL IM: wtdickens
[EMAIL
Not that reply by my name sake is quite Woody Allenesque. Who said
economists don't have a sense of humor?
-Original Message-
From: William Dickens [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, October 10, 2001 3:34 PM
To: [EMAIL PROTECTED]
Subject: Re: 2001 Economic Nobelists
Bryan,
The same holds for the shared prize when the CAP-M/Portfolio gang won in
91[?] Sharpe, Markowitz forgot the other recipient, but I know his dad is
a world class sociologist.
Bill in FL
-Original Message-
From: fabio guillermo rojas [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, October 10,
Stiglitz would have liked to get the prize for the Modigliani-Miller
theorem but that one was already taken.
Alex
Stiglitz also helped develop the Henry-George Theorem.
Joseph Stiglitz, 1977, The Theory of Local Public Goods,
in Economics of Public Services.
Fred Foldvary
=
[EMAIL
Speaking of prizes, Cato has just announced a biennial Milton
Friedman Prize for the Advancement of Liberty. The award will be a cash
prize of $500,000 to one individual for significant achievement in the
advancement of liberty. The first prize will be presented May 9, 2002.
Any
Lech Walesa should be a contender for the prize. John Paul II also
played a big part behind-the-scenes in spreading support for the
Solidarity movement (according to Jonathan Kwitny's book MAN OF THE
CENTURY), but I don't think he's likely to get the prize.
Carl
Speaking of prizes,
My guess: Thomas Szasz. I really have no idea if he deserves
it because I have no notion of what the criteria are but I do know
that he's recieved quite a few awards fro the libt'rn crowd.
Facetious guess: Bill Gates!
Fabio
On Wed, 10 Oct 2001, Alex Tabarrok wrote:
Speaking of prizes,
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