Another Nobel Prize in Economics for the United States

The Nobel Economy 2013 was assigned to three Americans: Eugene Fama, Lars Peter Hansen and Robert Shille. Economists were distinguished for his work in the area of financial markets, in particular in determining the price of the assets.

"The work of Fame, Hansen and Shiller not only contributed to change completely the perspective of researchers as influenced market practices" says Per Case of the Royal Swedish Academy of Sciences.

Known as the father of modern finance, Fame of the University of Chicago has shown that it is difficult to predict "the evolution of the stock price in the short term" and that "the new information is incorporated into the value of bonds very quickly."

Hansen, a professor at the same University, provides the tools for the study with statistical models.

Now Shiller-behavioral finance face â€" was distinguished by the fact that the conclusion that stock prices fluctuate more sharply than dividends. A standard patent in bonds and other assets.

"It is essential to work human activity that is based on mathematical relations. There is, however, an element of inaccuracy that reflects his own human nature. I think it's a fascinating and important field "refers to Shiller.

Robert Shiller of Yale University became known after having created the index of real estate prices in the United States that sensed a duplication in the values of homes between 2000 and 2006.

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