Question

Eugene Fama and Robert Shiller recently won the Nobel Prize in economics. Go to http://nobelprize.org/ nobel_prizes/economics/ and locate the press release on Eugene Fama and Robert Shiller. What was the Nobel Prize to them awarded for? When was it awarded?

Short answer

From$2006$to $2007$, RS served as president of the Eastern Economic Association. He is presently a distinguished professor of economics at Yale University and a member of the Yale School of Management.

Step-by-step solution

Introduction

The Nobel Prize is an award presented to those who have demonstrated exceptional achievement in fields such as physics, chemistry, and many others.

Explanation

In $2013$, EF and RS shared the Nobel Prize for Economics for their work on asset price analysis.

EF was named the eighth most important economist and is noted for his expertise in portfolio theory, asset pricing, and the 'Efficient Market Hypothesis.'

RS served as the president of the Eastern Economic Association from $2006$to $2007$. He is presently a distinguished professor of economics at Yale University and a member of the Yale School of Management.