Encyclopedia > The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel
The Bank of Sweden Prize in Economic Sciences (Swe.Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), often colloquially called The Nobel Prize in Economics or The Nobel Prize for Economics, is different from the rest of prizes awarded at the Nobel Prize ceremony in that it is not part of the Alfred Nobel bequest. The Prize was instituted by the Bank of Sweden (Sveriges Riksbank) at its 300th anniversity in 1969. Members of the Nobel family are contesting use of the term "Nobel Prize in Economics" in any context. It is however, in the Nobel Prize context, often referred to as simply "The Prize in Economics".
List of Prize Winners from 1969 to the present day.
for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms
The Bank of SwedenPrize in EconomicSciences in Memory of AlfredNobel (in Swedish Sveriges Riksbanks pris i ekonomisk vetenskap till AlfredNobels minne), is a prize awarded each year for outstanding intellectual contributions in the field of economics.
Although it was not one of the awards established in the will of AlfredNobel, the economics laureates receive their diploma and gold medal from the Swedish monarch at the same December 10 ceremony in Stockholm as the Nobel laureates in physics, chemistry, physiology or medicine, and literature.
Among the most vocal critics of the economicsprize is Peter Nobel who is a peripheral member of the Nobel family – his paternal grandfather's grandmother was one of the daughters of AlfredNobel's elder brother Ludvig.
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