The Prize in Economic Sciences 2020 Every day, auctions distribute astronomical values between buyers and sellers. This year’s Laureates, Paul Milgrom and Robert Wilson, have improved auction theory and invented new auction formats, benefitting sellers, buyers and taxpayers around the world. The quest for the perfect auction Auctions have a long history. In Ancient Rome,…

The Nobel Prize in Chemistry 2020 Emmanuelle Charpentier and Jennifer Doudna are awarded the Nobel Prize in Chemistry 2020 for discovering one of gene technology’s sharpest tools: the CRISPR/Cas9 genetic scissors. Researchers can use these to change the DNA of animals, plants and microorganisms with extremely high precision. This technology has revolutionised the molecular life…

The Nobel Prize in Physics 2020 Three Laureates share this year’s Nobel Prize in Physics for their discoveries about one of the most exotic phenomena in the universe, the black hole. Roger Penrose showed that black holes are a direct consequence of the general theory of relativity. Reinhard Genzel and Andrea Ghez discovered that an…