The Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel 2016 has been awarded to Oliver Hart and Bengt Holmström for their contributions to “contract theory”. Both the laureates will share the prize money of 8 million Swedish Krona for the 48th prize, which was instituted in 1969.
Novel scheme by IIT Bombay researchers to control drones can enable complex formation flying using only camera data, without GPS or inter-drone communication.
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