How to Accept a Nobel Prize: Robert Mundell

The Nobel prize is a big deal. In the academic world, it’s the ultimate prestige. My advice: Do your best to be profound—it is, after all, a roomful of profound thinkers—but don’t try too hard. See if you can make people laugh a little; I sang a verse from My Way, and that seemed to do the trick. And make it personal; I invited the entire room to my son’s wedding to break the ice. — As told to Christopher Berend