3 economists awarded Nobel for work on real-world experiments

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fairly difficult
A trio of economists were awarded the Nobel Prize on Monday for showing that precise — and surprising — answers to some of society's most pressing questions can be gleaned from experiments rooted in real life.
London (CNN Business)

David Card was recognized by the Royal Swedish Academy of Sciences for groundbreaking work on minimum wages, immigration and education. He showed, using a natural experiment — where researchers study situations as they unfold in the real world — that increasing the minimum wage does not necessarily lead to fewer jobs.

The other half of the prize was awarded to Joshua Angrist and Guido Imbens for…
Charles Riley, CNN Business
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