Last time I checked, economic research was not an NCAA sport, but nonetheless here's some good news from that field.
Three-time UCLA graduate Elinor Ostrom, along with UC Berkeley professor Oliver Williamson, has been awarded this year's Nobel Prize in Economics. Professor Ostrom's most famous works (if econ professors' articles are ever famous) address the management natural resources such as commonly held property. She graduated from UCLA with a BA, an MA, and a PhD in Political Science.
UCLA graduate William Sharpe won the Nobel Prize in 1990. To my knowledge, five UCLA professors and another five UCLA alumni have received Nobel Prizes.
Maybe we should hang Nobel banners in Pauley to remind TV viewers that UCLA isn't just a basketball school! : )