Nobel'S Laureate In Economics

According to Hongkong's Ta Kung Pao,

The 99 year winner won't lose money in buying euros.

In 1999, Nobel Robert Laureate, the winner of the laureate in economics, won nearly $1 million in the year award, which has been a real pain for a while.

His last financial plan was nothing new: first fix his house in Italy, and buy a pony for his two year old son, Nicholas, and finally deposit the rest of the money in the bank.

However, Mundell deposited the rest of the money in the euro and converted it into euros because the "father of the euro" has been optimistic about the euro for a long time.

10 years later, Mundell earned money? Mundell once answered the question of the media very seriously.

He said, "after I got the bonus, I converted them into euros, which was in September 2000.

We started losing some money, but then the euro picked up some money again, so in general it should not be profitable.

The 93 year winner missed the opportunity of the stock market.

In 1976, the Nobel prize winner of economics, lauremin's method of bonuses was even more plain.

He bought a house for himself in San Francisco with a $180 thousand bonus.

The winners of the Nobel prize in economics in 1993 were Douglas North and Robert - Vogel.

The two used their own economic knowledge to judge that the Dow Jones index was too high at 3700 and was not suitable for buying stocks, so they bought a municipal tax exempt bond with their bonus.

But in just a month, the Dow Jones index climbed to more than 11000 points, and two economic masters regretted it.

The winner in 92 years was awarded a bonus due to "loss" of exchange rate.

Even if a huge bonus is not made, even a few economists will lose some of their bonuses even if they do not get the money.

The Nobel prize in economics is based on the Swedish kronor.

If the exchange rate changes occur before the bonus comes, the winners may face the risk of devaluation.

Professor Nobel Becker, winner of the 1992 Nobel prize in economics, was deeply hurt by Professor Gary Becker.

Gary did not have enough time to change kronor to the dollar to prevent exchange rate fluctuations. He got a call from Stockholm two weeks after winning the prize. He said that because of the outbreak of the foreign exchange crisis in Sweden, his $1 million 200 thousand bonus had shrunk 25% to 900 thousand dollars.

And the bonus was half divided by the ex-wife.

There is also the founder of rational expectation theory, Professor Pepo Robert Lucas.

In 1989, when he signed a divorce agreement with his wife, his wife Rita thought that he was very likely to win the Nobel prize, so that her lawyer could add a rule in the divorce agreement. If he wins the prize before October 31, 1995, his wife will get 50% of Nobel's bonus.

Who expected that Lucas really won the prize before that.

Half of the bonus - 300 thousand dollars was distributed to the ex-wife in accordance with the agreement.

The media ridiculed Lucas, saying that Lucas's ex-wife seemed to have a better understanding of the true meaning of the rational expectation theory than himself.

Lucas himself seemed very open-minded about this: "getting half the bonus is better than nothing."