October 21, 2005

Nobels Awarded in Economics, Literature, and Peace

The Nobel Memorial Prize in Economic Science was awarded last week to two scholars who developed the use of game theory to analyze public policy.

Robert J. Aumann, a professor emeritus of mathematics at the Hebrew University of Jerusalem, and Thomas C. Schelling, a professor emeritus of economics and public policy at the University of Maryland at College Park, were honored for separate studies showing how game theory provides an overarching mode of analysis of human

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