Monday, October 14, 2013

Nobel Prize in Economics 2013

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013
Eugene F. Fama, Lars Peter Hansen, Robert J. Shiller

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013

Eugene F. Fama

Eugene F. Fama

Lars Peter Hansen

Lars Peter Hansen

Robert J. Shiller

Robert J. Shiller

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013 was awarded jointly to Eugene F. Fama, Lars Peter Hansen and Robert J. Shiller "for their empirical analysis of asset prices".

http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2013/
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013
Eugene F. Fama, Lars Peter Hansen, Robert J. Shiller
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Press Release

14 October 2013
The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2013 to
Eugene F. Fama
University of Chicago, IL, USA
Lars Peter Hansen
University of Chicago, IL, USA
and
Robert J. Shiller
Yale University, New Haven, CT, USA
"for their empirical analysis of asset prices”.

Trendspotting in asset markets

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.
Beginning in the 1960s, Eugene Fama and several collaborators demonstrated that stock prices are extremely difficult to predict in the short run, and that new information is very quickly incorporated into prices. These findings not only had a profound impact on subsequent research but also changed market practice. The emergence of so-called index funds in stock markets all over the world is a prominent example.
If prices are nearly impossible to predict over days or weeks, then shouldn’t they be even harder to predict over several years? The answer is no, as Robert Shiller discovered in the early 1980s. He found that stock prices fluctuate much more than corporate dividends, and that the ratio of prices to dividends tends to fall when it is high, and to increase when it is low. This pattern holds not only for stocks, but also for bonds and other assets.
One approach interprets these findings in terms of the response by rational investors to uncertainty in prices. High future returns are then viewed as compensation for holding risky assets during unusually risky times. Lars Peter Hansen developed a statistical method that is particularly well suited to testing rational theories of asset pricing. Using this method, Hansen and other researchers have found that modifications of these theories go a long way toward explaining asset prices.
Another approach focuses on departures from rational investor behavior. So-called behavioral finance takes into account institutional restrictions, such as borrowing limits, which prevent smart investors from trading against any mispricing in the market.
The Laureates have laid the foundation for the current understanding of asset prices. It relies in part on fluctuations in risk and risk attitudes, and in part on behavioral biases and market frictions.
Read more about this year's prize
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Scientific Background
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Eugene F. Fama, U.S. citizen. Born 1939 in Boston, MA, USA. Ph.D. 1964 from University of Chicago, IL, USA. Robert R. McCormick Distinguished Service Professor of Finance at University of Chicago, IL, USA.
www.chicagobooth.edu/faculty/directory/f/eugene-f-fama
Lars Peter Hansen, U.S. citizen. Born 1952 in USA. Ph.D. 1978 from University of Minnesota, Minneapolis, MN, USA. David Rockefeller Distinguished Service Professor in Economics & Statistics at University of Chicago, IL, USA.
http://larspeterhansen.org
Robert J. Shiller, U.S. citizen. Born 1946 in Detroit, MI, USA. Ph.D. 1972 from Massachusetts Institute of Technology (MIT), Boston, MA, USA. Sterling Professor of Economics at Yale University, New Haven, CT, USA.
www.econ.yale.edu/~shiller
The Prize amount: SEK 8 million, to be shared equally between the Laureates.

Contacts: Perina Stjernlöf, Press Officer/Editor, Phone +46 8 673 95 44, +46 70 673 96 50, perina.stjernlof@kva.se
Fredrik All, Editor, Phone +46 8 673 95 63, +46 70 673 95 63, fredrik.all@kva.se



The Royal Swedish Academy of Sciences, founded in 1739, is an independent organization whose overall objective is to promote the sciences and strengthen their influence in society. The Academy takes special responsibility for the natural sciences and mathematics, but endeavours to promote the exchange of ideas between various disciplines.

Eugene F. Fama

Eugene F. Fama
Eugene F. Fama
Born: 14 February 1939, Boston, MA, USA
Affiliation at the time of the award: University of Chicago, Chicago, IL, USA
Prize motivation: "for their empirical analysis of asset prices"




















Lars Peter Hansen

Lars Peter Hansen
Lars Peter Hansen
Born: 26 October 1952, Champaign, IL, USA
Affiliation at the time of the award: University of Chicago, Chicago, IL, USA
Prize motivation: "for their empirical analysis of asset prices"




















Robert J. Shiller

Robert J. Shiller
Robert J. Shiller
Born: 29 March 1946, Detroit, MI, USA
Affiliation at the time of the award: Yale University, New Haven, CT, USA
Prize motivation: "for their empirical analysis of asset prices"




















Nobel Prize for Economics 2013

Friday, October 11, 2013

Nobel Peace Prize 2013

The Nobel Peace Prize 2013
Organization for the Prohibition of Chemical Weapons

The Nobel Peace Prize 2013

Organization for the Prohibition of Chemical Weapons (OPCW)

Organization for the Prohibition of Chemical Weapons (OPCW)

The Nobel Peace Prize 2013 was awarded to Organization for the Prohibition of Chemical Weapons "for its extensive efforts to eliminate chemical weapons".






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The Nobel Peace Prize for 2013

The Norwegian Nobel Committee has decided that the Nobel Peace Prize for 2013 is to be awarded to the Organization for the Prohibition of Chemical Weapons (OPCW) for its extensive efforts to eliminate chemical weapons.
During World War One, chemical weapons were used to a considerable degree. The Geneva Convention of 1925 prohibited the use, but not the production or storage, of   chemical weapons. During World War Two, chemical means were employed in Hitler’s mass exterminations. Chemical weapons have subsequently been put to use on numerous occasions by both states and terrorists. In 1992-93 a convention was drawn up prohibiting also the production and storage of such weapons. It came into force in 1997. Since then the OPCW has, through inspections, destruction and by other means, sought the implementation of the convention. 189 states have acceded to the convention to date.
The conventions and the work of the OPCW have defined the use of chemical weapons as a taboo under international law. Recent events in Syria, where chemical weapons have again been put to use, have underlined the need to enhance the efforts to do away with such weapons. Some states are still not members of the OPCW. Certain states have not observed the deadline, which was April 2012, for destroying their chemical weapons. This applies especially to the USA and Russia.
Disarmament figures prominently in Alfred Nobel’s will. The Norwegian Nobel Committee has through numerous prizes underlined the need to do away with nuclear weapons. By means of the present award to the OPCW, the Committee is seeking to contribute to the elimination of chemical weapons.

Prohibition of Chemical Weapons - Facts

Organization for the Prohibition of Chemical Weapons (OPCW)
Organization for the Prohibition of Chemical Weapons (OPCW)
Founded: 1997
Prize motivation: "for its extensive efforts to eliminate chemical weapons"
Field: arms control and disarmament

Oslo, 11 October 2013

 

 

 

 

 

 

Announcement of the 2013 Nobel Peace Prize

 

 

 

Live Webcast



LIVE Webcast on Nobelprize.org!

Watch the Nobel Prize announcements live! Nobelprize.org provides:
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The 2013 Nobel Peace Prize will be announced on Friday 11 October, 11:00 a.m. CET.

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Thursday, October 10, 2013

Nobel Prize in Literature 2013

The Nobel Prize in Literature 2013
Alice Munro

The Nobel Prize in Literature 2013

Alice Munro

Alice Munro

The Nobel Prize in Literature 2013 was awarded to Alice Munro "master of the contemporary short story".

The Nobel Prize in Literature 2013
Alice Munro






Bio-bibliography

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English
English [pdf]
Swedish
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French
French [pdf]
German
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Spanish 
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Biobibliographical notes

Alice Munro was born on the 10th of July, 1931 in Wingham, which is in the Canadian province of Ontario. Her mother was a teacher, and her father was a fox farmer. After finishing high school, she began studying journalism and English at the University of Western Ontario, but broke off her studies when she got married in 1951. Together with her husband, she settled in Victoria, British Columbia, where the couple opened a bookstore. Munro started writing stories in her teens, but published her first book-length work in 1968, the story collection Dance of the Happy Shades, which received considerable attention in Canada. She had begun publishing in various magazines from the beginning of the 1950's. In 1971 she published a collection of stories entitled Lives of Girls and Women, which critics have described as a Bildungsroman.
Munro is primarily known for her short stories and has published many collections over the years. Her works include Who Do You Think You Are? (1978), The Moons of Jupiter (1982), Runaway (2004), The View from Castle Rock(2006) and Too Much Happiness (2009). The collection Hateship, Friendship, Courtship, Loveship, Marriage (2001) became the basis of the film Away from Her from 2006, directed by Sarah Polley. Her most recent collection is Dear Life(2012).
Munro is acclaimed for her finely tuned storytelling, which is characterized by clarity and psychological realism. Some critics consider her a Canadian Chekhov. Her stories are often set in small town environments, where the struggle for a socially acceptable existence often results in strained relationships and moral conflicts – problems that stem from generational differences and colliding life ambitions. Her texts often feature depictions of everyday but decisive events, epiphanies of a kind, that illuminate the surrounding story and let existential questions appear in a flash of lightning.
Alice Munro currently resides in Clinton, near her childhood home in southwestern Ontario.

Major works in English
Dance of the Happy Shades and Other Stories. – Toronto : Ryerson, 1968
Lives of Girls and Women. – Toronto : McGraw-Hill Ryerson, 1971
Something I've Been Meaning to Tell You : Thirteen Stories. – Toronto : McGraw-Hill Ryerson, 1974
Who Do You Think You Are? : Stories. – Toronto : Macmillan of Canada, 1978. – Note: also published as The Beggar Maid : Stories of Flo and Rose. – New York : Knopf, 1979
The Moons of Jupiter : Stories. – Toronto : Macmillan of Canada, 1982
The Progress of Love. – Toronto : McClelland and Stewart, 1986
Friend of My Youth : Stories. – Toronto : McClelland and Stewart, 1990
Open Secrets : Stories. – Toronto : McClelland and Stewart, 1994
The Love of a Good Woman : Stories. – Toronto : McClelland and Stewart, 1998
Queenie : A Story. – London : Profile Books/London Review of Books, 1999
Hateship, Friendship, Courtship, Loveship, Marriage : Stories. – Toronto : McClelland and Stewart, 2001
Runaway : Stories. – Toronto : McClelland and Stewart, 2004
The View from Castle Rock : Stories. – Toronto : McClelland and Stewart, 2006
Away from Her. – New York : Vintage, 2007. – Note: contains the short story “The Bear Came Over The Mountain” which was later made into the motion picture Away from her
Too Much Happiness : Stories. – Toronto : McClelland and Stewart, 2009
Dear Life : Stories. – Toronto : McClelland and Stewart, 2012

Collected short stories
Selected Stories. – Toronto : McClelland and Stewart, 1996
No Love Lost. – Toronto : McClelland and Stewart, 2003
Vintage Munro. – New York : Vintage, 2004
Carried Away : A Selection of Stories. – New York : Knopf, 2006
Alice Munro’s Best : Selected Stories. – Toronto : McClelland and Stewart, 2008
New Selected Stories. – London : Chatto & Windus, 2011

Works in French
Pour-qui te prendstu? : roman / traduit de l'anglais par Colette Tonge. – Montréal : Québec/Amérique, 1981. – Traduction de : Who Do You Think You Are?
Les lunes de Jupiter : nouvelles / traduit de l'anglais par Colette Tonge. – Paris : Albin Michel, 1989. – Traduction de : The Moons of Jupiter
Miles city, Montana / traduit de l'anglais par Florence Petry et Jean-Pierre Ricard. – Paris : Deuxtemps Tierce, 1991. – Traduction de : The Progress of Love
Amie de ma jeunesse : nouvelles / traduit de l'anglais par Marie-Odile Fortier-Masek. – Paris : Albin Michel, 1992. – Traduction de : Friend of my Youth
Secrets de Polichinelle : nouvelles / traduit de l'anglais (Canada) par Céline Schwaller-Balaÿ. – Paris : Rivages, 1995. – Traduction de : Open Secrets
L'amour d'une honnête femme : nouvelles / traduit de l'anglais (Canada) par Geneviève Doze. – Paris : Payot et Rivages, 2001. – Traduction de : The Love of a Good Woman
La danse des ombres heureuses : nouvelles/ traduit de l'anglais (Canada) par Geneviève Doze. – Paris : Payot et Rivages, 2002
Un demi-pamplemousse : nouvelles / traduit de l'anglais (Canada) par Michèle Causse. – Paris : Payot & Rivages, 2002
Un peu, beaucoup, pas du tout / traduit de l'anglais (Canada) par Geneviève Doze. – Paris : Payot et Rivages, 2004. – Traduction de : Hateship, Friendship, Courtship, Loveship, Marriage
Loin d'elle / traduit de l'anglais (Canada) par Geneviève Doze. – Paris : Payot & Rivages, 2007
Fugitives / traduit de l'anglais (Canada) par Jacqueline Huet et Jean-Pierre Carasso. – Paris : Olivier. 2008. – Traduction de : Runaway
Du côté de Castle Rock / traduit de l'anglais (Canada) par Jacqueline Huet et Jean-Pierre Carasso. – Paris : Olivier, 2009. – Traduction de : The View from Castle Rock
Trop de bonheur / traduit de l'anglais (Canada) par Jacqueline Huet et Jean-Pierre Carasso. – Paris : Olivier. 2013. – Traduction de : Too Much Happiness

Works in Swedish
Tiggarflickan / översättning av Karin Benecke. – Stockholm : Norstedt, 1984. – Orig:s titel: The Beggar Maid
Jupiters månar : noveller / översättning av Karin Benecke. – Stockholm : Norstedt, 1985. – Orig:s titel: The Moons of Jupiter
Kärlekens vägar : noveller / översättning av Karin Benecke. – Stockholm : Norstedt, 1991. – Orig:s titel: The Progress of Love
Äpplen eller apelsiner : noveller / översättning av Karin Benecke. – Stockholm : Norstedt, 1993. – Orig:s titel: Friend of my Youth
Kärlek, vänskap, hat : noveller / översättning av Rose-Marie Nielsen. – Stockholm : Wahlström & Widstrand, 2003. – Orig:s titel: Hateship, Friendship, Courtship, Loveship, Marriage
Nära hem / översättning: Karin Benecke. – Stockholm : Atlas, 2009. – Urval ur: Progress of Love; Moons of Jupiter; Friend of my Youth
För mycket lycka / översättning: Rose-Marie Nielsen. – Stockholm : Atlas, 2010. – Orig:s titel: Too Much Happiness
Brinnande livet / översättning: Rose-Marie Nielsen. – Stockholm : Atlas, 2013. – Orig:s titel: Dear life
Tiggarflickan / översättning : Karin Benecke. – Ny utg. – Stockholm : Atlas, 2013. – Orig:s titel: The Beggar Maid

Works in Spanish
Las lunas de Júpiter / traducción de Esperanza Pérez Moreno. – Barcelona : Versal, 1990. – Título original: The Moons of Jupiter
El progreso del amor / versión castellana de Flora Casas. – Madrid : Debate, 1990. – Título original: The Progress of Love
Amistad de juventud / traducción de Esperanza Pérez Moreno. – Barcelona : Versal, 1991. – Título original: Friend of My Youth
Secretos a voces / versión castellana de Flora Casas. – Madrid : Debate, 1996. – Título original: Open Secrets
El amor de una mujer generosa : relatos / traducción de Javier Alfaya Bula, José Hamad, Javier Alfaya McShane. – Madrid : Siglo XXI de España, 2002. – Título original: The Love of a Good Woman
Odio, amistad, noviazgo, amor, matrimonio / traducción de Marcelo Cohen. – Barcelona : RBA, 2003. – Título original: Hateship, Friendship, Courtship, Loveship, Marriage
Escapada / traducción de Carmen Aguilar. – Barcelona : RBA, 2005. – Título original: Runaway
La vista desde Castle Rock / traducción de Isabel Ferrer y Carlos Milla. – Barcelona : RBA, 2008. – Título original: The View from Castle Rock
Demasiada felicidad / traducción de Flora Casas. – Barcelona : Lumen, 2010. – Título original: Too Much Happiness
La vida de las mujeres / traducción de Aurora Echevarría. – Barcelona : Lumen, 2011. – Título original: Lives of Girls and Women
Mi vida querida / traducción de Eugenia Vázquez Nacarino. – Barcelona : Lumen, 2013. – Título original: Dear Life

Works in German
Das Bettlermädchen : Geschichten von Flo und Rose / Aus dem Amerikan. übers. von Hildegard Petry. – Stuttgart : Klett-Cotta, 1981. – Originaltitel: Who Do You Think You Are?
Kleine Aussichten : ein Roman von Mädchen und Frauen / Aus dem Amerikan. übers. von Hildegard Petry. – Stuttgart : Klett-Cotta, 1983. – Originaltitel: Lives of Girls and Women
Die Jupitermonde : Erzählungen / Aus dem Amerikan. übers. von Manfred Ohl und Hans Sartorius. – Stuttgart : Klett-Cotta, 1986. – Originaltitel: The Moons of Jupiter
Der Mond über der Eisbahn : Liebesgeschichten / Aus dem Amerikan. übers. von Helga Huisgen. – Stuttgart : Klett-Cotta, 1989. – Originaltitel: The Progress of Love
Glaubst du, es war Liebe? : Erzählungen / Aus dem Engl. übers. von Karen Nölle-Fischer. – Stuttgart : Klett-Cotta, 1991. – Originaltitel: Friend of my Youth
Offene Geheimnisse : Erzählungen / Aus dem Engl. von Karen Nölle-Fischer. – Stuttgart : Klett-Cotta, 1996. – Originaltitel: Open Secrets
Die Liebe einer Frau : drei Erzählungen und ein kurzer Roman / Aus dem Engl. von Heidi Zerning. – Frankfurt am Main : S. Fischer, 2000. – Originaltitel: The Love of a Good Woman
Der Traum meiner Mutter : Erzählungen / Aus dem Engl. von Heidi Zerning. – Frankfurt am Main : S. Fischer, 2002
Himmel und Hölle : neun Erzählungen / Aus dem Engl. von Heidi Zerning. – Frankfurt am Main : S. Fischer, 2004. – Originaltitel: Hateship, Friendship, Courtship, Loveship, Marriage
Tricks : acht Erzählungen / Aus dem Engl. von Heidi Zerning. – Frankfurt am Main : S. Fischer, 2006. – Originaltitel: Runaway
Wozu wollen Sie das wissen? : elf Erzählungen / Aus dem Engl. von Heidi Zerning. – Frankfurt am Main : S. Fischer, 2008. – Originaltitel: The View from Castle Rock
Der Bär kletterte über den Berg : drei Dreiecksgeschichten / Aus dem Engl. von Heidi Zerning. – Berlin : Wagenbach, 2008
Tanz der seligen Geister : fünfzehn Erzählungen / Aus dem Engl. von Heidi Zerning. – Zürich : Dörlemann, 2010. – Originaltitel: Dance of the Happy Shades
Zu viel Glück : zehn Erzählungen / Aus dem Engl. von Heidi Zerning. – Frankfurt am Main : S. Fischer, 2011. – Originaltitel: Too Much Happiness
Was ich dir schon immer sagen wollte : dreizehn Erzählungen / Aus dem Engl. von Heidi Zerning. – Zürich : Dörlemann, 2012. – Originaltitel: Something I've Been Meaning to Tell You

Critical studies (a selection)
Probable Fictions : Alice Munro’s Narrative Acts / edited by Louis K. MacKendrick. – Downsview, Ont. : ECW Press, 1983
Dahlie, Hallvard, Alice Munro and Her Works. – Toronto, Ont. : ECW Press, 1984
The Art of Alice Munro : Saying the Unsayable : Papers From the Waterloo Conference / edited by Judith Miller. – Waterloo, Ont. : University of Waterloo Press, 1984
Martin, W. R., Alice Munro : Paradox and Parallel. – Edmonton, Alta. : University of Alberta Press, 1986
Blodgett, E. D., Alice Munro. – Boston : Twayne, 1988
Carrington, Ildikó de Papp, Controlling the Uncontrollable : The Fiction of Alice Munro. – DeKalb : Northern Illinois University Press, 1989
Rasporich, Beverly Jean, Dance of the Sexes : Art and Gender in the Fiction of Alice Munro. – Edmonton, Alta. : University of Alberta Press, 1990
Redekop, Magdalene, Mothers and Other Clowns : The Stories of Alice Munro. – London: Routledge, 1992
Carscallen, James, The Other Country : Patterns in the Writing of Alice Munro. – Toronto : ECW Press, 1993
Heble, Ajay, The Tumble of Reason : Alice Munro’s Discourse of Absence. – Toronto : University of Toronto Press, 1994
Howells, Coral Ann, Alice Munro. – Manchester : Manchester University Press, 1998
The Rest of the Story : Critical Essays on Alice Munro / edited by Robert Thacker. – Toronto : ECW Press, 1999
Munro, Sheila, Lives of Mothers & Daughters : Growing Up With Alice Munro. – Toronto : McClelland & Stewart, 2001
Thacker, Robert, Munro : Writing Her Lives : a Biography. – Toronto : Douglas Gibson, 2005
Mazur, Carol, Alice Munro : An Annotated Bibliography of Works and Criticism / compiled by Carol Mazur ; edited by Cathy Moulder. – Lanham, Md. : Scarecrow Press, 2007
Hooper, Brad, The Fiction of Alice Munro : An Appreciation. – Westport, Conn. : Praeger, 2008
Skagert, Ulrica, Possibility-Space and Its Imaginative Variations in Alice Munro's Short Stories. – Stockholm : Stockholm University, 2008
Alice Munro / edited and with an introduction by Harold Bloom. – New York : Bloom’s Literary Criticism, 2009
Duncan, Isla, Alice Munro’s Narrative Art. – New York : Palgrave Macmillan, 2011
Alice Munro / Charles E. May, editor. – Ipswich, Mass. : Salem Press, 2013

Alice Munro - Facts

Alice Munro
Alice Munro
Born: 10 July 1931, Wingham, Canada
Prize motivation: "master of the contemporary short story"





http://www.nobelprize.org/nobel_prizes/literature/laureates/2013/
 
Nobel Prize for Literature 2013