Monday, October 15, 2007

Another Nobel!

Roger Myerson wins 2007 Nobel Memorial Prize in Economics

Looks like this is my year for Nobel connections!

Just this morning, a University of Chicago economist and professor, Dr. Roger Myerson, was awarded the 2007 Nobel Memorial Prize in Economic Sciences, making him the 24th UC faculty or alum to win a Nobel Prize, including five sitting winners (all in economics, by the way). Dr. Myerson, along with Leonid Hurwicz of the University of Minnesota and Eric Maskin of the Institute for Advanced Study, won the prize for their work on "mechanism design theory" which "allows for people to distinguish situations in which markets work well from those in which they do not." It apparently helps economists "identify efficient trading mechanisms, regulation schemes and voting procedures" and currently "plays a central role in many areas of economics and parts of political science."

Congratulations Dr. Myerson! Looks like they'll have to add another name to the t-shirt the bookstore sells listing all the UC Nobel Prize winners (they represent more fields than just economics though the econ folk vastly outnumber the rest). Yes, my school really is that geeky...and I'm proud of it!

1 comment:

Anonymous said...

Congratulations to Dr. Myerson and also to Geeky UC!! Someday when shirt in bookstore with all the Nobel winners name has added your name to it, I will proudly wear it, no matter how old I will be !!!!!