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Three economists share Nobel Prize

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The award — the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — comes with a 10 million Swedish krona (US$ 1.1 million) cash prize and a gold medal.

Card, 65, is a professor of economics at the University of Berkeley, California. Angrist, 61, is Ford professor of economics at the Massachusetts Institute of Technology, and Imbens, 58, is a professor of economics at the Stanford Graduate School of Business.

The Nobel Institute said in a statement that the three laureates had “provided us with new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments.” (CNBC)

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