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University of Chicago Professor Eugene Fama is widely recognized as the "father of modern finance." On Monday he was one of three Americans to win the Nobel Prize for Economics. Three American scholars won the Nobel Prize in economics for pioneering work in financial markets that has transformed portfolio management and asset pricing and launched the study of how emotions affect investment decisions. The Royal Swedish Academy of Sciences on Monday honored Eugene Fama and Lars Peter Hansen of the University of Chicago and Robert Shiller of Yale University, citing their complementary but independent breakthroughs on "empirical analysis of asset prices." | 
