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American, Israeli Win Nobel Economics Prize

Israeli and U.S. citizen Robert J. Aumann and American Thomas C. Schelling win the 2005 Nobel Memorial Prize in Economic Sciences for their work on game theories that help explain economic conflicts, including trade and price wars. Steve Inskeep talks to Adam Davidson about the prize.

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Adam Davidson
Adam Davidson is a contributor to Planet Money, a co-production of NPR and This American Life. He also writes the weekly "It's the Economy" column for the New York Times Magazine.