The Prize in Economic Sciences 2013
The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2013 to Eugene F. FamaUniversity of Chicago, IL, USA Lars Peter HansenUniversity of Chicago, IL, USA Robert J. ShillerYale University, New Haven, CT, USA “for their empirical analysis of asset prices”Trendspotting in asset marketsThere is no way to predict the price of stocks and bonds over the next few days or weeks. But it is quite possible to foresee the broad course of these prices over longer periods, such as the next three to