Another academy member, STURE ALLEN, added: "The Nobel prize is a literature prize.
The twentieth century has added two Nobel prizes in literature in 16 years (Czeslaw Milosz and Wieslawa Szymborska).
The repeated-games approach clarifies the raison d'être of many institutions, ranging from merchant guilds and organized crime to wage negotiations and international trade agreements," adds the Nobel website.
For years many predicted Vargas Llosa would add the Nobel to his Cervantes prize but the man himself said his liberalism – which he defined as defending democracy and the free market – meant it was "completely impossible" he could win.
We've added up every Nobel awarded since 1901 and separated them out by country.
The United States added three more Nobel laureates to its roster on Monday, all in economics, bringing the national total to an astounding 347 in the prize's history.
She added that the Nobel academy were all looking forward to Dylan's concerts in Stockholm and had a group outing planned to "show up at one of the performances".
Kahana added that the Nobel laureates' discoveries had also laid the foundation for understanding the kinds of memories we use to define ourselves: the collection of personal experiences psychologists call episodic memory.
Despite his reservations over an ugly election campaign, the Nobel laureate added: "The opposition behaved itself very well and enabled the democratic principle.
His students, colleagues and other friends rejoice that such an honor has come to one so deserving, in personal and in academic terms". Lyons added that Williamson's Nobel honor was "long overdue". At the Haas School, Williamson works with the Business and Public Policy Group.
