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What noteworthy aspect of his research helped Heckman win the Nobel Prize in Economics?

  • His contributions to selection bias and self-selection

  • His work on fiscal policy

  • His studies on income inequality

  • His analysis of stock market fluctuations

Answer

James Heckman won the Nobel Prize in Economics in 2000 for his contributions to selection bias and self-selection. Selection bias is a type of bias that occurs when the sample used to draw conclusions about a population is not representative of the population as a whole.
The Heckman Hustle: Unraveling the World of James Heckman

The Heckman Hustle: Unraveling the World of James Heckman

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