30th January 2023

Confidant Classes

Competitors' very first choice

Home | Edu NEWS | 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.
List of State Governments that Grant Educational Loans for Study Abroad

List of State Governments that Grant Educational Loans for Study Abroad

Study-Abroad Whether it is in Canada, the US, Australia or even the Ukraine, studying abroad is a difficult task to…
Read More
UGC NET December 2022: NTA sets upper age limit for JRF

UGC NET December 2022: NTA sets upper age limit for JRF

UGC NET December 2022 The NTA has decided that the deadline for determining the upper age limit for applying for…
Read More
Foreign Universities Indian Campuses

Foreign Universities Indian Campuses

Foreign-Universities-Indian-Campuses All foreign universities opening their branches in India will be able to conduct courses offline only. UGC Chairman, Mr….
Read More
GUJCET 2023

GUJCET 2023

GUJCET-2023 Gujrat Common Entrance Test (GUJCET) 2023, Registration starts on 6th January 2023. Interested candidates can check the eligibility criteria…
Read More
LSAT-India January 2023

LSAT-India January 2023

LSAT-India January 2023: The deadline to register for LSAT-India is 11 January 2023. Candidates can register at pearsonvueindia.com LSAT-India January…
Read More
Make CUET-PG mandatory for admissions for the next academic session- M Jagadesh Kumar

Make CUET-PG mandatory for admissions for the next academic session- M Jagadesh Kumar

Delhi University has already announced that it will adopt CUET UG and PG for admission to all courses, in all…
Read More
All  DU admissions  will be based on the CUET UG, PG score of the next academic year

All  DU admissions  will be based on the CUET UG, PG score of the next academic year

DU Admissions: Previously, the university conducted its own entrance exam (DUET) for admission to graduate courses. Prepare-for--AILET-DULLB DU Admissions: The…
Read More
List of Scholarships Provided by Government of India for Study Abroad

List of Scholarships Provided by Government of India for Study Abroad

Study-Abroad-Scolarships Ministry of Education provides financial assistance to Indian students for higher education abroad. Interested applicants can check the official…
Read More
CLAT 2023 Exam Analysis

CLAT 2023 Exam Analysis

CLAT 2023 Exam Analysis: The Consortium of National Law Universities (NLU) held the Common Law Admissions Test on 18th December…
Read More
CBSE Board Exams Class 10, 12 from February 15

CBSE Board Exams Class 10, 12 from February 15

The data sheet was prepared by avoiding nearly 40,000 subject combinations to ensure that no two-subject combinations fall on the…
Read More

About Post Author

error

Enjoy this? Please spread the word :)