23rd January 2021

Confidant Classes

A Premier Judicial Service Coaching

The 2020 Nobel Prize in Economics

The 2020 Nobel Prize in Economics was awarded on Monday to Paul R. Milgrom and Robert B. Wilson “for improving auction theory and inventions of new auction formats”.

“This year’s winners, Paul Milgrom and Robert Wilson, have studied how auctions work. They have also used their knowledge to design new auction formats for goods and services that are difficult to sell in the traditional way, such as radio frequencies, ”

the Royal Swedish Academy of Sciences said in a press release.

“His findings have benefited sellers, buyers and taxpayers around the world,”

they added.
  • The prize covers a Nobel Prize week and is technically known as the Sveriges Riksbank Prize for Economics in Memory of Alfred Nobel. Since its inception in 1969, it has been awarded 51 times and is now widely regarded as one of the Nobel Prizes.
  • In addition to enormous prestige, the prize comes with a cash prize of 10 million crowns ($ 1.1 million) and a gold medal which will be presented at a ceremony in Oslo, in Norway.
  • December 10, anniversary of the death of the founder of the Nobel Prize winner Alfred.
  • In 2019, the award was shared by Indo-American economist Abhijit Banerjee, Esther Duflo and Michael Kremer. The trio were awarded for their experimental approach to reducing poverty around the world.

Who else won the Nobel Prize this year?

  • On Monday of last week, the Nobel Committee awarded the Physiology and Medicine Prize to two Americans and a British scientist for their contribution to the identification of the hepatitis C virus, responsible for cirrhosis and liver cancer.
  • On Tuesday, the prestigious physics journal honored the progress in understanding the mysteries of cosmic black holes by three scientists: a British, German and American astrophysicist.
  • The Nobel Prize in chemistry was awarded Wednesday to two scientists behind a powerful gene editing tool. They become the sixth and seventh women to win a Nobel Prize in chemistry, joining Marie Curie (1911) and Frances Arnold (2018).
  • On Thursday, the literature prize was awarded to the American poet Louise Gluck for her “frank and uncompromising” work.
  • The prestigious 2020 Nobel Peace Prize was awarded to the World Food Program (WFP) on Friday for its efforts to fight hunger and food insecurity in the world. The announcement was made in Oslo by Berit Reiss-Andersen, chairman of the Nobel committee.
Judiciary FAQ’s Download

Judiciary FAQ’s Download

WWW.CONFIDANTCLASSES.IN-1Download
Read More
Daily NEWS Summary: 22.01.2021

Daily NEWS Summary: 22.01.2021

Farmer protests – No date has been set for next meeting as talks once again end in deadlock Government negotiations…
Read More
Daily NEWS Summary: 21.01.2021

Daily NEWS Summary: 21.01.2021

Farmers’ unions will likely reject the government’s proposal to suspend agricultural laws for 18 months Rakesh Tikait, who heads a…
Read More
Daily NEWS Summary: 20.01.2021

Daily NEWS Summary: 20.01.2021

SC: The Chief Justice of India (CJI), Sharad A. Bobde, told the government on Wednesday that it was “inappropriate and…
Read More
Daily NEWS Summary: 19.01.2021

Daily NEWS Summary: 19.01.2021

The SC panel will meet with state governments and agricultural unions starting January 21; Delhi Police Call on Farmers to…
Read More
Daily NEWS Summary: 18.01.2021

Daily NEWS Summary: 18.01.2021

Farmer protests: Central Delhi and police should decide whether or not to allow tractor rally – SC Supreme Court said…
Read More
Daily NEWS Summary: 17.01.2021

Daily NEWS Summary: 17.01.2021

Agriculture Minister urges farmers to abandon their ‘stubborn stance’ Ahead of the 10th round of negotiations scheduled for January 19,…
Read More
Daily NEWS Summary: 16.01.2021

Daily NEWS Summary: 16.01.2021

Covaxin recipients have been asked to sign consent form in “clinical trial mode” India began its Covid-19 vaccination campaign on…
Read More
Daily NEWS Summary: 15.01.2021

Daily NEWS Summary: 15.01.2021

No progress in talks between the Center and the agricultural unions The ninth round of talks between the Center and…
Read More
Section 230, the law used to ban Donald Trump on Twitter?

Section 230, the law used to ban Donald Trump on Twitter?

Shortly after a slew of President Donald Trump supporters stormed the United States Capitol last week, their social media accounts…
Read More
Daily NEWS Summary: 14.01.2021

Daily NEWS Summary: 14.01.2021

Modi to launch vaccination campaign on January 16 Prime Minister Narendra Modi will launch the COVID-19 vaccination campaign across India…
Read More
error

Enjoy this? Please spread the word :)