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American Trio Wins Nobel Economics Prize

TYPE: CN )) Three American economists were awarded the Nobel Prize in economics for their work on determining how asset prices change over time. The Royal Swedish Academy of Sciences, in a statement Monday, named Eugene Fama, Lars Peter Hansen and Robert Shiller as recipients of the 2013 award for their "empirical analysis of asset prices." The academy said that while it is hard predict the price of stocks and bonds over the next few days or weeks, the work by these economists ...

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