Which prize did George Akerlof, a student of Solow, win?
Nobel Prize in Economics
Pulitzer Prize
Fields Medal
Turing Award
Answer
Nobel Prize in Economics: George Akerlof, a student of Solow, received the Nobel Prize in Economics for his contributions to Theory of asymmetric information. His work focused on situations where one party in a transaction has more information than the other, leading to market inefficiencies and distortions. Akerlof's insights have had a profound impact on fields such as finance, insurance, and labor markets.
Robert Solow Quiz-topia: 31 Questions to Explore Your Knowledge
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