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Cause and effect – or why the 2021 Nobel Prize is nothing less than an empirical revolution | with Paul Hünermund

Game Changer - the game theory podcast

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Honoring Contributions and Revolutionary Framework

This chapter discusses the contributions honored by the Nobel Prize in labor markets and education. It explores the revolutionary experimental framework that allows for causal inference and reduces reliance on assumptions. The chapter also touches on the practical implications of this research in various fields, such as business decision-making and innovation economics.

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