Game Theory Specialists Win Nobel Prize
Two U.S. game theory specialists were awarded the Nobel prize in economic sciences for their groundbreaking research. Paul R Milgrom and Robert B Wilson won the award for their designs of mathematical models that made use of auction theory, a branch of game theory. Milgrom is a 72-year-old humanities professor at Stanford University and is known as one of the leading academics in the field of auction theory. Wilson, Milgrom’s 83-year-old Stanford colleague and thesis advisor, is an acclaimed professor of management and was Milgrom’s graduate professor....