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Nobel Economics Prize Awarded to U.S.-Based Trio

Nobel Economics Prize Awarded to U.S.-Based Trio

The Nobel Prize in Economic Sciences went to David Card and Joshua D. Angrist for their research on natural experiments. In particular, their contribution to understanding the workings of the labor market.

Economics has limited chances to conduct randomized experiments, which allow scientists in the physical sciences and social sciences to examine causal relations for ethical and practical reasons.

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