Since 2002, he's predicted 26 winners, and last year, every single winner was previously predicted, either in 2008 or 2010, according to Popular Science.
Here are his picks for this year for the prize in economics:
For what: For his arbitrage pricing theory and other fundamental contributions to finance. He's also credited with creating risk-neutral pricing and another important model for pricing derivatives, which are now standards for pricing in major securities trading firms.
Recent paper: "The Price Impact of Survival and Rational Traders," Journal of Finance, 2006
For what: For their work on income, consumption and well-being. Most recently, Deaton has been researching what is called “subjective well-being,” or more simply, “happiness,” according to the Daily Princetonian.