Israeli-American economist Joshua Angrist wins 2021 Nobel Prize in Economics
Israeli-American economist Joshua Angrist was awarded the 2021 Nobel economics prize alongside David Card and Guido Imbens on Monday for pioneering the use of “natural experiments” to understand the causal effects of economic policy and other events.
Natural experiments use real-life situations to work out impacts on the world, an approach that has spread to other fields and revolutionized empirical research.
The prize, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the last of this year’s crop of Nobels and sees the winners share a sum of 10 million Swedish crowns ($1.14 million).
Read More: The Jerusalem Post