With whom did he share the 2007 Nobel Prize in Economic Sciences?
Leonid Hurwicz and Eric Maskin
John Nash and Reinhard Selten
Robert Shiller and Eugene Fama
Paul Krugman and Christopher Pissarides
Answer
Leonid Hurwicz, Eric Maskin, and Roger Myerson were recognized for having laid the foundations of mechanism design theory, which deals with the design of rules for economic and social systems that result in efficient outcomes. It tackles strategic behaviors of buyers and sellers in market environments. Their groundbreaking theories have applications in areas such as auctions, voting systems, and market design, shaping modern economic theory and real-world practices.
The Genius Behind Game Theory: Unraveling the Mind of Roger Myerson
More Questions
What notable theory did Myerson contribute to?
Was Roger Myerson elected a Member of the American Philosophical Society?
In what year was He elected a Member of the American Philosophical Society?
What was Myerson's title before The David L. Pearson Distinguished Service one?
What global study does Myerson specialize in?
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