| 1 | Name: | Dr. Roger B. Myerson | |
| Institution: | University of Chicago | ||
| Year Elected: | 2019 | ||
| Class: | 3. Social Sciences | ||
| Subdivision: | 302. Economics | ||
| Residency: | Resident | ||
| Living? : | Living | ||
| Birth Date: | 1951 | ||
Roger B. Myerson is currently David L. Pearson Distinguished Service Professor of Global Conflict Studies in the Harris School of Public Policy and Griffin Department of Economics at the University of Chicago. Prior to this he was Professor of Economics and Glen A. Lloyd Distinguished Service Professor of Economics. He earned his Ph.D. from Harvard University in 1976. Before moving to the University of Chicago he spent two and a half decades teaching at Northwestern University. Roger Myerson 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 among rational agents who have different information. His analysis of incentive constraints in economic communication introduced fundamental concepts that are widely used in economic analysis, including the revelation principle and the revenue-equivalence theorem in auctions and bargaining. Myerson has also applied game-theoretic tools to political science, analyzing how political incentives can be affected by different electoral systems. He was awarded the 2007 Nobel Memorial Prize in Economic Sciences in recognition of his contributions to mechanism design theory, which analyzes rules for coordinating economic agents efficiently when they have different information and difficulty trusting each other. He has published op-ed pieces on democracy in Iraq and on how America should respond to the Ukraine crisis. In addition to his Nobel Prize, he has won the Jean-Jacques Laffont Prize (Toulouse) in 2009 and the Oskar Morganstern Medal of the University of Vienna in 2013. He is a member of the American Academy of Arts & Sciences (council, vice president, 1999-2002), The Econometric Society (president, 2009), the National Academy of Sciences, 2009, and The Game Theory Society (president, 2012-14). He is the author of Game Theory: Analysis of Conflict (1991), Probability Models for Economic Decisions (2005), and Force and Restraint in Strategic Deterrence: A Game Theorist’s Perspective (2007). Roger Myerson was elected a member of the American Philosophical Society in 2019. | |||