Roger Myerson facts for kids
Quick facts for kids
Roger Myerson
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Myerson in 2008
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| Born | March 29, 1951 Boston, Massachusetts, US
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| Institution | University of Chicago Northwestern University |
| Field | Game theory |
| Alma mater | Harvard University (AB, SM, PhD) |
| Doctoral advisor |
Kenneth Arrow |
| Doctoral students |
Scott E. Page Leonard Wantchekon |
| Contributions | Mechanism design, Myerson–Satterthwaite theorem, Myerson value |
| Awards | Nobel Memorial Prize in Economic Sciences (2007) |
| Information at IDEAS / RePEc | |
Roger Bruce Myerson (born March 29, 1951) is an American economist. He is a professor at the University of Chicago. He teaches about global conflicts and economics.
In 2007, he won the Nobel Memorial Prize in Economic Sciences. He shared this award with Leonid Hurwicz and Eric Maskin. They won for their work on something called "mechanism design theory."
Contents
About Roger Myerson
Roger Myerson was born in 1951 in Boston, USA. He went to Harvard University. There, he studied applied mathematics. He earned his first degree (A.B.) and a master's degree (S.M.) in 1973.
He then got his Ph.D. (a very high degree) in applied mathematics in 1976. His Ph.D. paper was about "cooperative games."
His Career Path
From 1976 to 2001, Professor Myerson taught economics. He worked at Northwestern University. Much of his Nobel Prize-winning research happened there.
He also visited Bielefeld University in Germany for a year. Later, he became a professor at the University of Chicago in 2001. He still teaches there today.
Awards and Special Honors
Nobel Prize in Economics
Roger Myerson was one of three people to win the 2007 Nobel Memorial Prize in Economic Sciences. The other winners were Leonid Hurwicz and Eric Maskin. They received the prize for their work on mechanism design theory.
What is Mechanism Design Theory?
Professor Myerson made a big discovery in this field. He found a key link between how things are shared and how money needs to be moved. This helps people tell the truth about what they know.
Mechanism design theory helps us understand how markets work. It also shows when they don't work well. This theory has helped experts find good ways to trade. It also helps create fair rules and voting systems.
Today, this theory is very important in many areas of economics. It is also used in parts of political science.
Other Honors
Professor Myerson is a member of several important groups. These include the American Academy of Arts and Sciences and the National Academy of Sciences. He is also part of the Council on Foreign Relations.
He is a Fellow of the Game Theory Society. He also helps guide the International Journal of Game Theory. He received an honorary doctorate from the University of Basel in 2002. In 2009, he won the Jean-Jacques Laffont Prize.
His Family
In 1980, Roger Myerson married Regina Weber. They have two children, Daniel and Rebecca. His daughter, Rebecca, is also an economist. She studies health economics.
Concepts Named After Him
- Myerson–Satterthwaite theorem
- Myerson mechanism
- Myerson ironing
See also
In Spanish: Roger B. Myerson para niños
- List of economists
- List of Jewish Nobel laureates
