Somewhere comforting thought: even in 2020 not everyone will always answer their phone, even when the Nobel Prize Committee is on the phone.
–
Sleep is important, also for Nobel laureates. One learns that tweet from Stanford University. It shows how Robert Wilson are there in the middle of the night co-winner of the Nobel Prize in Economics must ring the bell to report that he has won. “Pick up your phone, Paul.”
–
The time difference is of course an important factor: the Riksbank, the Swedish central bank, announces the price at noon. At that time it is 3 AM in California.
–
Milgrom and Wilson were rewarded for their pioneering work on auctions. If handled smartly, these can yield billions to governments. Most striking example are the often lucrative ones spectrum auctions for high-speed internet.
–
–
