Americans Peter Diamond and Dale Mortensen and Christopher Pissarides, a British and Cypriot citizen, have won the 2010 Nobel economics prize.
The Royal Swedish Academy of Sciences says They won the prestigious award "for Their analysis of markets with search frictions."
THIS IS A BREAKING NEWS UPDATE. Check back soon For further information. EARLIER AP's story is below.
STOCKHOLM (AP) - Research into market behavior and the psychology of decision-making Could Be Awarded the Nobel prize for economics on Monday and Improve the Weak U.S. Representation among this year's Nobel laureates.
Ladbrokes betting agency says American behavioral economists Richard Thaler at the University of Chicago and Robert Shiller of Yale University are the top bets for this year's award.
The 10 Million Swedish kronor ($ 1.5 million) prize Is Not Among the original Awards Established by Swedish industrialist Alfred Nobel in his will in 1895, Bout was created in 1968 by the Swedish central bank in his memory.
Thaler is Considered a pioneer in behavioral finance, having "studied the psychology of decision-making and the behavior of markets, and Shiller is an Influential Economist, WHO, the U.S. long Predicted housing bubble.
The economics prize - the last of this year's Nobel announcements - offers the U.S. a chance to boost meager ITS Tally Among the 2010 winners. So far there is only one American Laureate Richard Heck WHO shared the Nobel Prize in chemistry with two Japanese Researchers.
Since the economy was first prize Awarded in 1969, More Than 1940 Americans have Received it. Last year, Americans Elinor Ostrom and Oliver Williamson, won the prize for Their Work in Economic Governance, marking the first time ever a woman Received the economics award.
"Usually the prize doesn't go to work" That is popular right now, or that lies close in time. It Does not Have to absolutely have anything to do with the Financial Crisis for example, "said Hubert Fromlet, a professor in International Economics at the Jonkoping International Business School and University Linnaeus in Sweden.
"Research Results Have to Lie" some 20 years or so back in time Because that's about the Amount of Time Needed to see Whether it's a Sustainable, "they said.
Fromlet's own top picks include the American economist Dale Mortensen of Northwestern University, whose research focuses is labor economics.
Other names in this year's Finance Speculation include American researcher Eugene Fama, French economist Jean Tirole MicroStation, and the American macroeconomists Robert Barro and Paul Romer.
The science unit of Thomson Reuters Listed Political economics professors Alberto Alesina, Economics Professors Kevin Murphy, at Princeton Nohubiro Kiyotaki and John Moore as the front-runners for this year's award.
Last week, the British professor Robert Edwards was Awarded the Nobel Prize in Medicine for his research in Fertility That led to the first test tube baby. Russian-Born Scientists Andre Geim and Novoselov, Konstantin won the physics prize for ground breaking experiments with graphene, the thinnest material and Strongest Known Mankind Thurs.
The chemistry award Went Thurs Heck and Japanese Researchers non-ichi Negishi Akira Suzuki and techniques for designing Thurs bind Together Carbon Atoms.
Peruvian novelist Mario Vargas Llosa won the literature prize and the imprisoned Chinese Democracy campaigner Liu Xiaobo was named the winner of the Nobel Peace Prize.
The awards are always handed out on Dec. 10, the anniversary of Nobel's death in 1896.
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