Alvin Roth and Lloyd Shapley, two Americans, have won the Nobel economics prize for studies on the match-making taking place when doctors are coupled up with hospitals, students with schools and human organs with transplant recipients.
China is using its economic growth as a lever to demand countries stay away from the Nobel ceremony in Oslo today honoring an imprisoned Chinese dissident.
Among Monday's top online reads for investors: What usually happens when the Dow passes 11,000; why Nassim Taleb wants to sue the Nobel Prize committee; and where do McDonald's chicken nuggets come from?
Why do so many people remain unemployed amid a large number of job openings? Peter A. Diamond of MIT, Dale T. Mortensen of Northwestern and Christopher A. Pissarides of the London School of Economics provided a Noble Prize-winning answer.
When Mario Vargas Llosa won the Nobel Prize for Literature this week, the British literary betting agent Ladbrokes couldn't have been more pleased. Ladbrokes had given the Peruvian author slim odds of winning the prize, so when Vargas Llosa won, Ladbrokes avoided a massive payout.
