Thought this was interesting as I came across it. According to this website:
10 October 2005
The Royal Swedish Academy of Sciences has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 2005, jointly to
Robert J. AumannCenter for Rationality, Hebrew University of Jerusalem, Israel and
Thomas C. SchellingDepartment of Economics and School of Public Policy, University of Maryland, College Park, MD, USA,
"for having enhanced our understanding of conflict and cooperation through game-theory analysis".
Conflict and cooperation through the lens of game theory
Why do some groups of individuals, organizations and countries succeed in promoting cooperation while others suffer from conflict? The work of Robert Aumann and Thomas Schelling has established game theory – or interactive decision theory – as the dominant approach to this age-old question.
No comments:
Post a Comment