Tomas Sjostrom, member of the Committee for the Prize in Economic Sciences in Memory of Alfred Nobel, Goran K. Hansson, Secretary General of the Royal Swedish Academy of Sciences and Per Stromberg, Chairman of of the Committee for the Prize in Economic Sciences in Memory of Alfred Nobel, during a news conference presenting the laureates for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016: Oliver Hart and Bengt Holmstrom, in Stockholm, Sweden, on Sunday, October 10, 2016. Photo: Reuters