3 US economists win Nobel for work on asset prices
STOCKHOLM (AP) — Three American professors won the Nobel prize for economics Monday for shedding light on how stock, bond and house prices move over time— work that's changed how people around the world invest.
Two of the winners — Eugene Fama, 74, and Lars Peter Hansen, 60 — teach at the University of Chicago. The third, Robert Shiller, 67, is a professor at Yale University and is well-known as a creator of the well-known Case-Shiller index of home prices.
The three economists were honored for separate research that collectively expanded the understanding of asset prices.
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