Live! Eugene Fama, Lars Hansen, Robert Shiller win Economics Nobel
October 14, 2013  16:38
2013 Prize in Economic Sciences to Fama, Hansen & Shiller "for their empirical analysis of asset prices".

This is what the Royal Academy of Sciences says on the Economics Nobel:

"There is no way to predict the price of stocks and bonds over the next few days or weeks. But it is quite possible to foresee the broad course of these
prices over longer periods, such as the next three to five years. These findings, which might seem both surprising and contradictory, were made and analyzed by this year's Laureates, Eugene Fama, Lars Peter Hansen
and Robert Shiller.
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