Monday, October 12, 2009

A Deserved Nobel

The Economics Noble this year went to Williamson and Ostrom. You'd never know why from reading the accounts in the popular press, continuing a long tradition of stories written by reporters who cannot be bothered to read the citations. So for those interested, you can read the details at:
http://nobelprize.org/nobel_prizes/economics/laureates/2009/press.html

If you have an economics background, the "Scientific background" paper on the Nobel site is always very good.

In some ways this is a bit of a surprise. The British betting company which allows betting on such things had them both at 50 to 1 odds--but they were both on the short list of people for whom there were odds. Also, 6% of the votes in the Harvard grad student pool picked Williamson.

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