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@ firstlast, literature isn't a science at all. It still gets a Nobel Prize. Economics is a social science, sometimes called a soft science. For people who understand its limits, it is very useful. Did someone sell you a bad certificate of deposit did they?
Yes, it would seem logical that it's about physics, but I have to say I don't get it. SA is clearly criticizing the Nobel committee (with Dilbert looking directly at us and the following couple of strips). But this was 1997, and when I looked up the winners for that year, they didn't look that strange.
But then, I just read that SA studied Economics (never physics or engineering). Maybe it had something to do with this:
"In 1970, Merton introduced the Merton Model, which treated equity as an option on a firm's assets, and introduced the use of continuous-time default probabilities to model options on the common stock of a company.
"He published the Merton model for pricing European options (1973), which is an elegantly derived, more generalized pricing formula than the Black-Scholes model. Together, they constitute the Nobel Prize winning Black-Scholes-Merton model."
That is just a copy and paste from Wikipedia and doesn't sound quite like a yellow rat, but it's my best guess. I studied Economics too and usually don't like the picks for the "Economics Nobel Prize".
