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US trio win Nobel Economics Prize for asset price work

Portraits of US trio Eugene F Fama, Lars Peter Hansen and Robert J Shiller, who won the Nobel Prize in Economic Sciences, on a computer screen at the Royal Swedish Academy of Sciences in Stockholm, on October 14, 2013Three US academics got the Nobel Economic Prize Monday for research on financial markets, an area of immense real-world implications following the crises rattling the global economy in recent years. Robert Shiller, Eugene Fama and Lars Peter Hansen won the coveted award for groundbreaking work on spotting trends in markets, the jury said.