What year did Paul Milgrom win the Nobel Prize?
2020
2019
2021
2018
Answer
Paul Milgrom was awarded the Nobel Prize in Economic Sciences in 2020, along with Robert Wilson, for their work on auction theory. Their research significantly improved the design of auctions, leading to more efficient outcomes and increased revenue for sellers. Milgrom's contributions focused on Theory of incentives in auctions, particularly in complex settings with multiple bidders and incomplete information.
Mastering Milgrom: A Nobel Journey Through Economics
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