(자료)2002 노벨경제학상 발표문 전문

  • 등록 2002-10-09 오후 11:27:09

    수정 2002-10-09 오후 11:27:09

[뉴욕=edaily 공동락특파원] Press Release: The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 2002 9 October 2002

The Royal Swedish Academy of Sciences has decided that the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 2002, will be shared between

Daniel Kahneman
Princeton University, USA

“for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty”

and

Vernon L. Smith
George Mason University, USA

“for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms”.

Psychological and experimental economics
Traditionally, much of economic research has relied on the assumption of a “homo œconomicus” motivated by self-interest and capable of rational decision-making. Economics has also been widely considered a non-experimental science, relying on observation of real-world economies rather than controlled laboratory experiments. Nowadays, however, a growing body of research is devoted to modifying and testing basic economic assumptions; moreover, economic research relies increasingly on data collected in the lab rather than in the field. This research has its roots in two distinct, but currently converging, areas: the analysis of human judgment and decision-making by cognitive psychologists, and the empirical testing of predictions from economic theory by experimental economists. This year’s laureates are the pioneers in these two research areas.

Daniel Kahneman has integrated insights from psychology into economics, thereby laying the foundation for a new field of research. Kahneman’s main findings concern decision-making under uncertainty, where he has demonstrated how human decisions may systematically depart from those predicted by standard economic theory. Together with Amos Tversky (deceased in 1996), he has formulated prospect theory as an alternative, that better accounts for observed behavior. Kahneman has also discovered how human judgment may take heuristic shortcuts that systematically depart from basic principles of probability. His work has inspired a new generation of researchers in economics and finance to enrich economic theory using insights from cognitive psychology into intrinsic human motivation.

Vernon Smith has laid the foundation for the field of experimental economics. He has developed an array of experimental methods, setting standards for what constitutes a reliable laboratory experiment in economics. In his own experimental work, he has demonstrated the importance of alternative market institutions, e.g., how the revenue expected by a seller depends on the choice of auction method. Smith has also spearheaded “wind-tunnel tests”, where trials of new, alternative market designs &8211; e.g., when deregulating electricity markets &8211; are carried out in the lab before being implemented in practice. His work has been instrumental in establishing experiments as an essential tool in empirical economic analysis.

Daniel Kahneman, born 1934 (68 years) in Tel Aviv, Israel (US and Israeli citizen). PhD from University of California at Berkeley in 1961. Since 1993, Eugene Higgins Professor of Psychology and Professor of Public Affairs at Princeton University, NJ, USA.
www.princeton.edu/~psych/PsychSite/fac_kahneman.html

Vernon L. Smith, born 1927 (75 years) in Wichita, KS, USA (US citizen). PhD from Harvard University in 1955. Since 2001, Professor of Economics and Law at George Mason University, VA, USA.
www.gmu.edu/departments/economics/facultybios/smith.html

The Prize amount: SEK 10 million, will be shared equally among the Laureates

이데일리
추천 뉴스by Taboola

당신을 위한
맞춤 뉴스by Dable

소셜 댓글

많이 본 뉴스

바이오 투자 길라잡이 팜이데일리

왼쪽 오른쪽

스무살의 설레임 스냅타임

왼쪽 오른쪽

재미에 지식을 더하다 영상+

왼쪽 오른쪽

두근두근 핫포토

  • 몸짱 싼타와 함께 ♡~
  • 노천탕 즐기는 '이 녀석'
  • 대왕고래 시추
  • 트랙터 진격
왼쪽 오른쪽

04517 서울시 중구 통일로 92 케이지타워 18F, 19F 이데일리

대표전화 02-3772-0114 I 이메일 webmaster@edaily.co.krI 사업자번호 107-81-75795

등록번호 서울 아 00090 I 등록일자 2005.10.25 I 회장 곽재선 I 발행·편집인 이익원 I 청소년보호책임자 고규대

ⓒ 이데일리. All rights reserved