STOCKHOLM, Sweden, Oct. 14 (UPI) -- Three Americans won the 2013 Nobel Prize for economics for work in the empirical analysis of asset prices, the Royal Swedish Academy of Sciences said Monday.
While stock market prices can't be predicted in the near term, it is possible to foresee these prices over several years, findings and analyses by Eugene Fama and Lars Peter Hansen, both of the University of Chicago, and Robert Shiller of Yale University indicated, the academy said in a release.