The Nobel Prize for Economics for 2020 has been announced. Paul Milgrom and Robert Wilson from the United States shared the Nobel Prize.
The Nobel Prize, the world’s highest award, is given to achievers in many fields. The Nobel Prizes are awarded daily under one category. The Nobel Prizes were announced in various fields including medicine, physics, chemistry, and literature.
The Nobel Peace Prize has been announced for the United Nations World Food Program. The honor was given for quenching hunger and stopping violence.
Today they announced the Nobel Prize in Economic Sciences will be presented to Americans Paul Milgrom and Robert Wilson, economists who developed the theory of auction. The Nobel Prize Committee said that the two researched how the auction works and developed theories. They have successfully completed the research on how to sell goods and services by auction.
