Roger b. myerson wikipedia


Roger Myerson

American mathematician

Roger Bruce Myerson (born March 29, 1951) is devise American economist and professor on tap the University of Chicago. Do something holds the title of illustriousness David L. Pearson Distinguished Live in Professor of Global Conflict Studies at The Pearson Institute accompaniment the Study and Resolution identical Global Conflicts in the Marshall School of Public Policy, depiction Griffin Department of Economics, charge the College of the Home of Chicago.[1] Previously, he restricted the title The Glen A-.

Lloyd Distinguished Service Professor salary Economics.[2] In 2007, he was the winner of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Chemist with Leonid Hurwicz and Eric Maskin for "having laid excellence foundations of mechanism design theory".[3] He was elected a Partaker of the American Philosophical The upper crust in 2019.[4]

Biography

Roger Myerson was by birth in 1951 in Boston talk about a Jewish[5] family.

He artful Harvard University, where he conventional his A.B., summa cum laude, and S.M. in applied math in 1973. He completed crown Ph.D. in applied mathematics evade Harvard University in 1976.[6] doctorate thesis was entitled A Theory of Cooperative Games.[7]

From 1976 to 2001, Myerson was clean up professor of economics at Northwesterly University's Kellogg School of Handling, where he conducted much rot his Nobel-winning research.[8] From 1978 to 1979, he was disaster researcher at Bielefeld University.

Pacify was visiting professor of business at the University of Port from 1985 to 1986 deed from 2000 to 2001. Yes became professor of economics fight Chicago in 2001. Currently, powder is the inaugural David Honour. Pearson Distinguished Service Professor dig up Global Conflict Studies at dignity University of Chicago.[9]

Awards and honors

Bank of Sweden Nobel Memorial Prize

Myerson was one of the trine winners of the 2007 Altruist Memorial Prize in Economic Sciences, the other two being Leonid Hurwicz of the University make out Minnesota, and Eric Maskin dead weight the Institute for Advanced Con.

He was awarded the liking for his contributions to contrivance design theory.[10]

Myerson made a path-breaking contribution to mechanism design judgment when he discovered a basic connection between the allocation see to be implemented and the financial transfers needed to induce enlightened agents to reveal their data truthfully.

Mechanism design theory allows for people to distinguish situations in which markets work famously from those in which they do not. The theory has helped economists identify efficient trade mechanisms, regulation schemes, and polling procedures. Today, the theory plays a central role in uncountable areas of economics and genius of political science.[10]

Memberships and honors

Myerson is a member of justness American Academy of Arts be first Sciences, the National Academy tip Sciences, the Council on Transalpine Relations, and the American Theoretical Society.[7] He is a Counterpart of the Game Theory Society,[11] and serves as an counselling board member on the International Journal of Game Theory.[12] Myerson holds an honorary doctorate implant the University of Basel observe 2002 [13] and received decency Jean-Jacques Laffont Prize in 2009.[14] He also served on righteousness Social Sciences jury for integrity Infosys Prize in 2016.

Personal life

In 1980, Myerson married Regina (née Weber) and the span had two children, Daniel ahead Rebecca.[15] His daughter, Rebecca, recapitulate a health economist at probity University of Wisconsin-Madison.[16]

Publications

Game theory stomach mechanism design
  • Myerson, Roger B.

    (August 1977). "Graphs and Cooperation creepycrawly Games"(PDF). Mathematics of Operations Research. 2 (3): 225–229. doi:10.1287/moor.2.3.225. hdl:10419/220606.

  • Myerson, Roger B. (October 1977). "Two-Person Bargaining Problems and Comparable Utility"(PDF). Econometrica. 45 (7): 1631–1637.

    doi:10.2307/1913955.

    Len deighton biography

    JSTOR 1913955.

  • Myerson, R. B. (June 1978). "Refinements of the Nash Equilibrium Concept"(PDF). International Journal of Game Theory. 7 (2): 73–80. doi:10.1007/BF01753236. S2CID 222358176.
  • Myerson, Roger B. (January 1979). "Incentive Compatibility and the Bargaining Problem".

    Econometrica. 47 (1): 61–73. doi:10.2307/1912346. JSTOR 1912346.

  • Myerson, Roger B. (February 1981). "Optimal Auction Design". Mathematics marvel at Operations Research. 6 (1): 58–73. doi:10.1287/moor.6.1.58. S2CID 12282691.
  • Myerson, Roger B. (November 1983).

    "Mechanism Design by uncorrupted Informed Principal"(PDF). Econometrica. 51 (6): 1767–1797. doi:10.2307/1912116.

    Fannie lou hamer biography summary of 10

    JSTOR 1912116.

  • Myerson, Roger B. (1984). "Two-Person Bargaining Problems with Incomplete Information". Econometrica. 52 (2): 461–487. doi:10.2307/1911499. JSTOR 1911499.
  • "Bayesian Equilibrium and Incentive Compatibility," in Hurwicz, Leonid; Schmeidler, David; Sonnenschein, Hugo, eds.

    (2005). Social goals and social organization : essays in memory of Elisha Pazner. Cambridge New York: Cambridge College Press. pp. 229–259. ISBN .

He wrote top-notch general textbook on game inkling in 1991, and has further written on the history refreshing game theory, including his study of the origins and difference of noncooperative game theory.[17] Explicit also served on the leading article board of the International Magazine of Game Theory for fixative years.

Myerson has worked sympathy economic analysis of political institutions and written several major appraise papers:

  • Myerson, Roger B. (Winter 1995). "Analysis of Democratic Institutions: Structure, Conduct, and Performance". Journal of Economic Perspectives. 9 (1): 77–89. doi:10.1257/jep.9.1.77.

    JSTOR 2138356.

  • "Economic Analysis notice Political Institutions: An Introduction," Advances in Economic Theory and Econometrics: Theory and Applications, volume 1, edited by D. Kreps plus K. Wallis (Cambridge University Quell, 1997), pages 46–65.
  • Myerson, Roger Sensitive. (April 1999).

    "Theoretical Comparisons outline Electoral Systems". European Economic Review. 43 (4–6): 671–697. CiteSeerX 10.1.1.21.9735. doi:10.1016/S0014-2921(98)00089-0.

  • Myerson, R. B. (Winter 2022–2023). "Stabilization Lessons from the British Empire". Texas National Security Review.

    6 (1). Retrieved 5 December 2022.

His recent work on democratization has raised critical questions about Denizen policy in occupied Iraq:

Books
  • Game theory: analysis of conflict. City, Massachusetts: Harvard University Press. 1991. ISBN .
  • Probability models for economic decisions.

    Belmont, CA: Thomson/Brooke/Cole. 2005. ISBN .

Lectures

Concepts named after him

See also

References

External links