Three US-based economists have gained the 2021 Nobel prize for economics for work on drawing conclusions from unintended experiments, or so-called “natural experiments.”
The winners had been David Card of the University of California at Berkeley; Joshua Angrist from the Massachusetts Institute of Technology; and Guido Imbens from Stanford University.
BREAKING NEWS:The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded with one half to David Card and the opposite half collectively to Joshua D. Angrist and Guido W. Imbens.#NobelPrize pic.twitter.com/nkMjWai4Gn
— The Nobel Prize (@NobelPrize) October 11, 2021
The Royal Swedish Academy of Sciences mentioned the three have “completely reshaped empirical work in the economic sciences.”