Abhijit Vinayak Banerjee won the Nobel Prize in economic sciences in 2019 for his experimental approach to ___________.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Alleviating Global Poverty
The 2019 Nobel Memorial Prize in Economic Sciences was shared by Abhijit Vinayak Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty”. They tested anti-poverty measures through field experiments, often randomised controlled trials, in areas such as schooling, health and small loans, to find out which ones really help the poor. Banerjee and Duflo work at MIT and founded the Abdul Latif Jameel Poverty Action Lab (J-PAL).