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Leonid Hurwicz (Polish pronunciation: [lɛˈɔɲit ˈxurvitʂ]; August 21, 1917 – June 24, 2008) was a Polish–American economist and mathematician, known for his work in game theory and mechanism design.
Leonid “Leo” Hurwicz received the Nobel Memorial Prize in Economic Sciences in 2007 “for having laid the foundations of mechanism design theory“.
Hurwicz translated the lessons of oppression into a now global belief system that is equal parts economics and philosophy, and that helps solve specific problems in the real world. Among the many things he’s learned: People can rise above their self-interest.
Apr 29, 2024 · Leonid Hurwicz was a Russian-born American economist who, with Eric S. Maskin and Roger B. Myerson, received a share of the 2007 Nobel Prize for Economics for his formulation of mechanism design theory, a microeconomic model of resource allocation that attempts to produce the best outcome for.
Leonid Hurwicz. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007. Born: 21 August 1917, Moscow, Russia. Died: 24 June 2008, Minneapolis, MN, USA. Affiliation at the time of the award: University of Minnesota, Minneapolis, MN, USA.
Jun 26, 2008 · Leonid Hurwicz, who shared the Nobel Prize in economics last year for his work on mechanism design theory, which helps explain the interaction among individuals, markets and...
Hurwicz retired from full time teaching in 1988 but continued as professor emeritus as recently as 2006. He has received numerous honours. In 1944 he married his assistant, Evelyn Jensen, and they have four children.
Jun 24, 2008 · Leonid “Leo” Hurwicz was a leader in game theory who spent the majority of his career as a professor of economics and mathematics at the University of Minnesota. He introduced important approaches to mechanism design, in particular developing the theory incentive compatibility to achieve desired outcomes in economics and the social sciences.
Leonid Hurwicz, who came to Minnesota in 1951, won the 2007 Nobel Prize in economics for developing the theory of mechanism design, described as “the art of producing institutions that align individual incentives with overall social goals.”
Leonid Hurwicz was Regents' Professor of Economics (Emeritus) at the University of Minnesota. He was among the first economists to recognise the value of game theory and is a pioneer in its application.
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