The massive conflict of interest in that set up is something I didn't know. It does greatly affect how I view it.
In terms of Medicine, that's different. Doctors aren't only financially driven. Bankers are.
I should have used more accurate language and said 'primary' instead of 'only'.
If no, why does it change anything that this administration is called "bank" for historical reasons rather than "federal interest rate administration"?
You can agree or not. To me it seems obvious this is true.
If you agree that the assertion is true, then 'doctors are more reliable to provide assessments that aren't based on self interest' would be a logical conclusion that would be drawn from the initial statement. Of course if you don't agree with that assertion (and it's hard to prove either way in a scientific manner, so I'm quick to admit it's just my perspective), then you obviously won't agree with the logical conclusion.
1. Bankers are primarily interested by money, which includes employees of the Swedish central bank
2. There is a conflict of interest because the prize is funded by a bank
to:
3. Economists are more motivated by money than doctors.
1 and 2 are not relevant because the central bank is not a bank in any meaningful sense.
I fail to see how 3 has any impact on how one should view the economics prize. Could you elaborate?
I've known a bunch of doctors (my sister's partner is a doctor). They tend to list helping others as their primary motivation, with fulfilling a childhood dream as another big one. Financial rewards for a specialty sure, but not for why they got into medicine.
I don't know many bankers. But I'd guess their primary motivation will be different. Sure they might enjoy something like analysis. But in the end of the day, you could be an analyst for a conservation NGO. Being a banking analyst attracts people with a specific set of financial desires.
This year's recipients got it for RCTs. Would you say that recipients from the real Nobel Prize in Medicine that use the same methodology should also be laughed at?