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Latest Nobel Memorial Prize in Economic Sciences Stories

2005-10-10 06:30:58

STOCKHOLM (Reuters) - Israel's Robert Aumann and American Thomas Schelling won the 2005 Nobel economics prize on Monday for their "game-theory analysis," which can help resolve conflicts in trade and business -- and even avoid war. Their studies have found uses in "security and disarmament policies, price formation on markets, as well as economic and political negotiations," said the Royal Swedish Academy of Sciences awarding the 10 million crown ($1.3 million) prize.

2005-08-18 18:43:14

STOCKHOLM, Sweden (AP) -- This year's Nobel Prizes will be worth the equivalent of $1.3 million each - a drop of $200,000 from last year because of currency fluctuations, the Nobel Foundation said Thursday. Although the prize amount is the same in Swedish currency - 10 million kronor - it works out to less in dollars and euros because both currencies have risen against the krona. The 2004 prizes were the equivalent of $1.5 million. The first prize to be awarded this year will be in...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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