Roger Myerson (University of Chicago)
Dr. Roger B. Myerson was awarded the 2007 Nobel Memorial Prize in Economic Sciences in recognition of his contributions to mechanism design, which analyzes rules for coordinating economic agents efficiently when they have different information and difficulty trusting each other. He has made seminal contributions to the fields of economics and political science. In game theory, he introduced refinements of Nash’s equilibrium concept, and he developed techniques to characterize the effects of communication when individuals have different information. His analysis of incentive constraints in economic communication introduced some of the fundamental ideas in mechanism design theory, including the revelation principle and the revenue-equivalence theorem in auctions and bargaining.
Myerson is the Glen A. Lloyd Distinguished Service Professor of Economics at the University of Chicago. Myerson has a PhD from Harvard University and taught for 25 years in the Kellogg School of Management at Northwestern University before joining the University of Chicago in 2001. More about Myerson from the University of Chicago