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

David Card, Joshua D. Angrist and Guido W. Imbens are honored for their contributions to labor economics and causal relationships

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The Nobel Prize in Economic Sciences was awarded to David Card, Joshua D. Angrist and Guido W. Imbens for their work on natural experiments, in particular their contributions to better understanding how the job market works.

Economics and other social sciences have limited opportunities for carrying out the randomized experiments that allow researchers in the physical sciences to test causal relationships, for both practical and ethical reasons.

 

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