The value of a Nobel prize

Reuters – Dealbook’s Azam Ahmed explains why hedge fund Hutchin Hill has hired this year’s Economics Nobel laureate, Thomas Sargent:

While some of that research is pretty lofty, the rationale for hiring someone like Mr. Sargent is simple — that he can help the hedge fund figure out the effect of policy changes on people’s thinking, a critical element when judging how an economy will fare.

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