Submitted by joe18 on April 26, 2008

• Category: Business
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Riskbank Award Winners - Economics

-If there is one thing you need to know about the Riksbank Prize in Economics in 2001, you need to know that it was the year of the BIG A.S.S.
That’s right, George Akerlof, Michael Spence, and Joseph Stiglitz
I personally feel that they got the short end of the stick,
- because the research of the 2 winners in 1996 were based off these 3 gentlemen’s life’s work, and they didn’t receive the award until some 5 years later.
Grudges aside, the 3 men’s work was in the development of the field of Asymmetric Information

Let me ask you a question… What do you get when you buy a bad used car?________ that’s right, a lemon. This theory was...

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