AKA Trygve Magnus Haavelmo
Birthplace: Skedsmo, Norway
Location of death: Norway
Cause of death: unspecified
Race or Ethnicity: White
Executive summary: Economic forecasting
Norwegian economist Trygve Haavelmo won the Nobel Prize in 1989, for his work in economic forecasting. His use of statistics to forecast economic trends led to the development of the subfield of econometrics, which studies and predicts the causes and effects of variations in international exchange rates and capital movements.
Unlike most Nobel laureates who respond to the honor with joy or disbelief, Haavelmo told reporters, "I don't like the idea of such prizes." He did not, however, express any reluctance to accept the $470,000 payment that accompanied the medal.
High School: (1930)
University: BS equiv. Political Economy, University of Oslo (1933)
Scholar: Economics, University of Oslo (1933-38)
Teacher: Statistics, University of Aarhus (1938-39)
University: PhD Economics, University of Oslo (1946)
Scholar: Economics, University of Chicago (1946-47)
Professor: Economics, University of Oslo (1948-79)
Nobel Prize for Economics 1989
Econometric Society President (1957)
Rockefeller Foundation Fellowship (1940-42)
Author of books:
A Study in the Theory of Investment (1960)
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