 Dean Spence receives the Nobel Prize from the King of Sweden
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 Spence’s Nobel Diploma
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On December 10, ex-GSB Dean Michael Spence received the Nobel Prize in Economic Sciences from His Majesty the King of Sweden. The awards ceremony, held in Stockholm, marked the 100th anniversary of the awarding of the Nobel Prize.
     Nobel laureates from all over the world attended centennial events in Stockholm, held from December 4--14. On December 8, Dean Spence presented his prize lecture in Economics, “Signaling in Retrospect and the Informational Structure of Markets,” to an audience of scholars, laureates, and students at Stockholm University. At the beginning of his presentation, the dean remarked, “I never would have imagined there would be a moment like this.”Â
     Spence was honored together with fellow Economics prizewinners George Akerlof of Berkeley and Joseph Stiglitz of Columbia in a magnificent ceremony held at Stockholm Concert Hall. As the three laureates were recognized for their achievement, the speaker for the Royal Swedish Academy of Sciences extolled “Your combined work forms the core of the branch of modern economics called information economics. The work by the three of you has fundamentally changed the way economists think about markets.“
     Nobel laureates and GSB professors emeriti William Sharpe and Myron Scholes were among the attendees at the Nobel Centennial Celebration. More information on Dean Spence and related Nobel events can be found at www.nobel.se Â
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