After winning the prestigious Giller Prize twice in her career, author Alice Munro (pictured, via) has taken her new collection out of running for the $50,000 award.

According to CBC News, the author has removed the short story collection, "Too Much Happiness," from the running: "Munro has withdrawn from this year's competition saying she's clearing the way for younger writers to capture the $50,000 annual prize."

Recently, Munro won the third Man Booker International Prize, picked for the £60,000 (roughly $83,700) award out of a longlist that included 14 writers from 12 different countries. Brad Hooper, author of "The Fiction of Alice Munro," analyzed the celebrated writer's move in a provocative column entitled, "Is Alice Munro Stupid?"