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The 2016 Nobel Prize in Economics was won by
1. Oliver Hart and Bengt Holmstrom
2. Angus Deaton and Jean Tirole
3. Patrick Modiano
4. Arthur B. McDonald

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Correct Answer - Option 1 : Oliver Hart and Bengt Holmstrom

The correct answer is Oliver Hart and Bengt Holmstrom.

  • The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 to Oliver Hart and Bengt Holmstrom.
  • The new theoretical tools created by Hart and Holmstrom are valuable to the understanding of real-life contracts and institutions, as well as potential pitfalls in contract design.

  • Scottish economist Angus Deaton has won the Nobel memorial prize in economic sciences for "his analysis of consumption, poverty, and welfare" in 2015.
  • French economist Jean Tirole won Nobel Prize in Economic Sciences in Memory of Alfred Nobel 2014.
  • Patrick Modiano is a French novelist.
    • He was awarded Nobel Prize in Literature in 2014.
    • He also won the 2012 Austrian State Prize for European Literature, the 2010 Prix Mondial Cino Del Duca from the Institut de France for lifetime achievement.
  • Arthur B. McDonald is a Canadian astrophysicist.
    • He was awarded the Nobel Prize in Physics 2015 for "the discovery of neutrino oscillations, which shows that neutrinos have mass".

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