Tuesday, October 11, 2005

nobel prize for game theorists

An octagenarian political economist, Thomas C. Schelling, 84, an emeritus professor at University of Maryland and Harvard University, and a septugenarian mathematician Robert J Aumann, 75, an emeritus professor at Hebrew University Jerusalem, were awarded the Nobel Memorial prize in Economics for fostering the understanding of conflict and co-operation- in matters such as nuclear arms race, trade battles and price wars. Working separately, they used 'game theory' as a way to explain social, political and business interactions.
More on this please see Marginal Revolution.
G B Shaw once said, "Nobel Prize money is a life belt thrown to a swimmer who has already reached the shore in safety".

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