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Myerson made a path-breaking contribution to mechanism design theory when he discovered a fundamental connection between the allocation to be implemented and the monetary transfers needed to induce informed agents to reveal their information truthfully. Mechanism design theory allows for people to
364:
distinguish situations in which markets work well from those in which they do not. The theory has helped economists identify efficient trading mechanisms, regulation schemes, and voting procedures. Today, the theory plays a central role in many areas of
718:
He wrote a general textbook on game theory in 1991, and has also written on the history of game theory, including his review of the origins and significance of noncooperative game theory. He also served on the editorial board of the
322:
from 1985 to 1986 and from 2000 to 2001. He became professor of economics at
Chicago in 2001. Currently, he is the inaugural David L. Pearson Distinguished Service Professor of Global Conflict Studies at the University of Chicago.
236:
and professor at the
University of Chicago. He holds the title of the David L. Pearson Distinguished Service Professor of Global Conflict Studies at The Pearson Institute for the Study and Resolution of Global Conflicts in the
769:"Economic Analysis of Political Institutions: An Introduction," Advances in Economic Theory and Econometrics: Theory and Applications, volume 1, edited by D. Kreps and K. Wallis (Cambridge University Press, 1997), pages 46–65.
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245:. Previously, he held the title The Glen A. Lloyd Distinguished Service Professor of Economics. In 2007, he was the winner of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel with
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1081:"Front & Center with John Callaway: The Global Economic Crisis | Pritzker Military Museum & Library | Chicago"
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In 1980, Myerson married Regina (née Weber) and the couple had two children, Daniel and
Rebecca. His daughter, Rebecca, is a
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in 2002 and received the Jean-Jacques
Laffont Prize in 2009. He also served on the Social Sciences jury for the
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314:, where he conducted much of his Nobel-winning research. From 1978 to 1979, he was visiting researcher at
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1981:
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in applied mathematics from
Harvard University in 1976. His doctorate thesis was entitled
8:
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989:
661:
Myerson, Roger B. (1984). "Two-Person
Bargaining Problems with Incomplete Information".
561:
Myerson, Roger B. (January 1979). "Incentive
Compatibility and the Bargaining Problem".
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1132:"Roger Myerson appointed inaugural David L. Pearson Distinguished Service Professor"
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2005:
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Myerson, Roger B. (1999). "Nash
Equilibrium and the History of Economic Theory".
1018:"The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007"
953:
832:
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773:
Myerson, Roger B. (April 1999). "Theoretical
Comparisons of Electoral Systems".
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Social goals and social organization : essays in memory of Elisha Pazner
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The scientific background to the 2007 Nobel prize: Mechanism Design Theory
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737:"Analysis of Democratic Institutions: Structure, Conduct, and Performance"
3159:
Harvard John A. Paulson School of
Engineering and Applied Sciences alumni
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The Global Economic Crisis: What Does It Mean for U.S. National Security?
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1004:"Prof. Myerson's University of Chicago Department of Economics Profile"
840:
Myerson, Roger B. (June 2013). "Fundamentals of social choice theory".
762:
754:
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653:
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545:
517:
177:
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has raised critical questions about American policy in occupied Iraq:
1328:
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Fundamental Theory of Institutions: A Lecture in Honor of Leo Hurwicz
693:
Hurwicz, Leonid; Schmeidler, David; Sonnenschein, Hugo, eds. (2005).
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57:
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at the Pritzker Military Museum & Library on April 2, 2009
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JUF News: Nobel Prize winners have Jewish, Chicago connections
692:
592:
Myerson, Roger B. (February 1981). "Optimal Auction Design".
883:. Cambridge, Massachusetts: Harvard University Press. 1991.
1156:"Roger Myerson wins 2007 Nobel Memorial Prize in Economics"
306:
From 1976 to 2001, Myerson was a professor of economics at
270:
3219:
Members of the United States National Academy of Sciences
3015:
2390:
691:"Bayesian Equilibrium and Incentive Compatibility," in
489:"Two-Person Bargaining Problems and Comparable Utility"
331:
3214:
Fellows of the American Academy of Arts and Sciences
1124:
356:. He was awarded the prize for his contributions to
1324:
Perspectives on Mechanism Design in Economic Theory
1205:"Honorary Awards Faculty of Business and Economics"
925:, presented at the North American Meetings of the
805:
1380:Laureate of the Nobel Memorial Prize in Economics
990:"Roger Myerson Pearson Institute Faculty Profile"
336:Myerson was one of the three winners of the 2007
3110:
400:, and serves as an advisory board member on the
318:. He was visiting professor of economics at the
269:Roger Myerson was born in 1951 in Boston into a
808:"Stabilization Lessons from the British Empire"
241:, the Griffin Department of Economics, and the
1438:
1191:"International Journal of Game Theory Editors"
3224:Members of the American Philosophical Society
3001:
2376:
1695:
1424:
1219:"Jean Jacques Laffont Prize Former Laureates"
996:
982:
527:"Refinements of the Nash Equilibrium Concept"
1715:Sveriges Riksbank Prize in Economic Sciences
937:
726:Myerson has worked on economic analysis of
625:"Mechanism Design by an Informed Principal"
3008:
2994:
2383:
2369:
1702:
1688:
1431:
1417:
1353:Myerson participated in panel discussion,
1317:
1235:
1057:"Jewish Nobel Prize laureates - Economics"
901:. Belmont, CA: Thomson/Brooke/Cole. 2005.
29:
3194:21st-century American non-fiction writers
1512:Intergovernmental Panel on Climate Change
1279:
1043:"APS Announces 2019 Class of New Members"
899:Probability models for economic decisions
855:
788:
730:and written several major survey papers:
477:
375:
338:Nobel Memorial Prize in Economic Sciences
170:Nobel Memorial Prize in Economic Sciences
257:theory". He was elected a Member of the
1263:
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734:
660:
622:
591:
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524:
486:
446:
3111:
843:Quarterly Journal of Political Science
3184:Presidents of the Econometric Society
2989:
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1683:
1412:
1150:
1148:
382:American Academy of Arts and Sciences
232:(born March 29, 1951) is an American
3169:Kellogg School of Management faculty
3149:21st-century American mathematicians
3144:20th-century American mathematicians
1329:Webpage at the University of Chicago
1092:
1090:
721:International Journal of Game Theory
534:International Journal of Game Theory
402:International Journal of Game Theory
326:
253:for "having laid the foundations of
243:College of the University of Chicago
1158:. University of Chicago. 2007-10-17
1098:"Curriculum Vitae of Roger Myerson"
806:Myerson, R. B. (Winter 2022–2023).
623:Myerson, Roger B. (November 1983).
332:Bank of Sweden Nobel Memorial Prize
13:
3209:Fellows of the Econometric Society
1145:
595:Mathematics of Operations Research
487:Myerson, Roger B. (October 1977).
457:Mathematics of Operations Research
14:
3235:
3164:Jewish American social scientists
1307:
1087:
881:Game theory: analysis of conflict
735:Myerson, Roger B. (Winter 1995).
449:"Graphs and Cooperation in Games"
447:Myerson, Roger B. (August 1977).
3204:21st-century American economists
3199:20th-century American economists
742:Journal of Economic Perspectives
441:Game theory and mechanism design
419:
1791:Leonid Vitaliyevich Kantorovich
1257:
1243:
1225:
1211:
1197:
1183:
1169:
435:
430:University of Wisconsin-Madison
1267:Journal of Economic Literature
1177:"Game Theory Society - People"
1113:
1073:
1049:
1035:
1010:
971:List of Jewish Nobel laureates
812:Texas National Security Review
394:American Philosophical Society
259:American Philosophical Society
239:Harris School of Public Policy
1:
3189:20th-century American writers
3174:University of Chicago faculty
3139:Economists from Massachusetts
1343:Mathematics Genealogy Project
976:
944:Myerson–Satterthwaite theorem
799:10.1016/S0014-2921(98)00089-0
301:A Theory of Cooperative Games
212:A theory of cooperative games
3129:Nobel laureates in Economics
1322:including the Nobel Lecture
525:Myerson, R. B. (June 1978).
390:Council on Foreign Relations
386:National Academy of Sciences
354:Institute for Advanced Study
312:Kellogg School of Management
264:
7:
2956:Pinelopi Koujianou Goldberg
959:
380:Myerson is a member of the
10:
3240:
1783:Friedrich August von Hayek
1334:ABC News Chicago interview
1240:, accessed 11 October 2020
701:Cambridge University Press
295:in 1973. He completed his
3059:
3024:
2814:
2646:
2485:
2402:
2181:Christopher A. Pissarides
2055:
1804:
1721:
1607:
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1545:
1520:
1491:
1484:(Zimbabwe/United Kingdom)
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88:
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40:
28:
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3134:American Nobel laureates
938:Concepts named after him
776:European Economic Review
396:. He is a Fellow of the
277:, where he received his
3154:American game theorists
931:University of Minnesota
358:mechanism design theory
346:University of Minnesota
308:Northwestern University
182:IDEAS / RePEc
97:Northwestern University
1613:Nobel Prize recipients
1588:(Poland/United States)
1547:Physiology or Medicine
728:political institutions
699:. Cambridge New York:
376:Memberships and honors
340:, the other two being
16:American mathematician
2738:Jean-Michel Grandmont
1902:James M. Buchanan Jr.
1290:10.1257/jel.37.3.1067
320:University of Chicago
93:University of Chicago
2787:Robert E. Lucas, Jr.
2757:Jean-Jacques Laffont
2165:Oliver E. Williamson
1795:Tjalling C. Koopmans
866:10.1561/100.00013006
703:. pp. 229–259.
470:10.1287/moor.2.3.225
316:Bielefeld University
273:family. He attended
3179:Writers from Boston
3018:Game Theory Society
2895:Jean-Charles Rochet
2726:Anthony B. Atkinson
2446:John Maynard Keynes
2396:Econometric Society
2193:Christopher A. Sims
2121:Thomas C. Schelling
2093:Robert F. Engle III
1994:Robert E. Lucas Jr.
1842:Theodore W. Schultz
927:Econometric Society
831:His recent work on
608:10.1287/moor.6.1.58
410:University of Basel
404:. Myerson holds an
398:Game Theory Society
293:applied mathematics
230:Roger Bruce Myerson
200:Academic background
3016:Presidents of the
2672:Franklin M. Fisher
2589:Hendrik Houthakker
2109:Edward C. Prescott
2097:Clive W.J. Granger
2073:Joseph E. Stiglitz
2046:Daniel L. McFadden
1934:Harry M. Markowitz
1386:Served alongside:
1316:on Nobelprize.org
1251:"Myerson, Rebecca"
1234:on Nobelprize.org
1134:. 13 November 2018
1024:. October 15, 2007
966:List of economists
755:10.1257/jep.9.1.77
546:10.1007/BF01753236
406:honorary doctorate
275:Harvard University
150:Leonard Wantchekon
107:Harvard University
3106:
3105:
2983:
2982:
2974:Eliana La Ferrara
2865:Lars Peter Hansen
2853:Thomas J. Sargent
2763:Andreu Mas-Colell
2732:Hugo Sonnenschein
2690:James A. Mirrlees
2559:Franco Modigliani
2476:Tjalling Koopmans
2434:Joseph Schumpeter
2358:
2357:
2257:Richard H. Thaler
2221:Robert J. Shiller
2217:Lars Peter Hansen
2189:Thomas J. Sargent
2177:Dale T. Mortensen
2069:A. Michael Spence
2065:George A. Akerlof
2034:Robert A. Mundell
2002:James A. Mirrlees
1970:Douglass C. North
1942:William F. Sharpe
1894:Franco Modigliani
1870:George J. Stigler
1854:Lawrence R. Klein
1743:Paul A. Samuelson
1677:
1676:
1578:Economic Sciences
1407:
1406:
1398:Succeeded by
1253:. 28 August 2019.
1061:www.science.co.il
1020:(Press release).
949:Myerson mechanism
933:, on 22 June 2006
370:political science
327:Awards and honors
227:
226:
3231:
3079:David Schmeidler
3010:
3003:
2996:
2987:
2986:
2950:Orazio Attanasio
2908:James J. Heckman
2903:
2877:Roger B. Myerson
2859:Richard Blundell
2847:Ariel Rubinstein
2836:
2799:Robert B. Wilson
2775:Christopher Sims
2746:
2577:Michio Morishima
2565:Edmond Malinvaud
2511:Wassily Leontief
2422:Harold Hotelling
2416:François Divisia
2385:
2378:
2371:
2362:
2361:
2351:
2343:
2341:Philip H. Dybvig
2324:
2305:
2303:Robert B. Wilson
2290:
2280:Abhijit Banerjee
2271:
2265:William Nordhaus
2259:
2251:
2239:
2231:
2223:
2207:
2205:Lloyd S. Shapley
2195:
2183:
2173:Peter A. Diamond
2167:
2155:
2147:
2145:Roger B. Myerson
2131:
2129:Edmund S. Phelps
2123:
2117:Robert J. Aumann
2111:
2099:
2087:
2075:
2048:
2042:James J. Heckman
2036:
2028:
2020:
2018:Myron S. Scholes
2014:Robert C. Merton
2008:
1996:
1988:
1982:John F. Nash Jr.
1978:John C. Harsanyi
1972:
1960:
1952:
1944:
1938:Merton H. Miller
1928:
1920:
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1846:Sir Arthur Lewis
1836:
1834:Herbert A. Simon
1828:
1816:
1797:
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1771:Wassily Leontief
1765:
1763:Kenneth J. Arrow
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1615:
1563:(United Kingdom)
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1426:
1419:
1410:
1409:
1373:Edmund S. Phelps
1370:Preceded by
1362:
1361:
1321:
1314:Roger B. Myerson
1302:
1301:
1283:
1274:(3): 1067–1082.
1261:
1255:
1254:
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1241:
1239:
1232:Roger B. Myerson
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1022:Nobel Foundation
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640:(6): 1767–1797.
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504:(7): 1631–1637.
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426:health economist
255:mechanism design
160:Mechanism design
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3097:Matthew Jackson
3085:Larry Samuelson
3055:
3044:H. Peyton Young
3020:
3014:
2984:
2979:
2962:Guido Tabellini
2914:Manuel Arellano
2897:
2889:Bengt Holmström
2871:Torsten Persson
2830:
2810:
2805:Elhanan Helpman
2781:Roger Guesnerie
2769:Takashi Negishi
2740:
2708:Daniel McFadden
2678:J. Denis Sargan
2660:Lionel McKenzie
2642:
2529:Trygve Haavelmo
2481:
2440:Wesley Mitchell
2398:
2389:
2359:
2354:
2346:
2337:Douglas Diamond
2327:
2308:
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2262:
2254:
2249:Bengt Holmström
2242:
2234:
2226:
2210:
2198:
2186:
2170:
2158:
2150:
2134:
2126:
2114:
2105:Finn E. Kydland
2102:
2090:
2085:Vernon L. Smith
2081:Daniel Kahneman
2078:
2062:
2051:
2039:
2031:
2023:
2011:
2006:William Vickrey
1999:
1991:
1986:Reinhard Selten
1975:
1966:Robert W. Fogel
1963:
1955:
1950:Ronald H. Coase
1947:
1931:
1926:Trygve Haavelmo
1923:
1915:
1910:Robert M. Solow
1907:
1899:
1891:
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1814:Milton Friedman
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1708:
1678:
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1600:(United States)
1594:(United States)
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1569:(United States)
1567:Oliver Smithies
1557:(United States)
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1516:
1508:(United States)
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1444:
1437:
1403:
1385:
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1375:
1310:
1305:
1281:10.1.1.130.7955
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20:
3091:Hervé Moulin
3072:
3060:2010–present
2968:Rosa Matzkin
2876:
2815:2001–present
2684:Marc Nerlove
2666:János Kornai
2631:Don Patinkin
2619:W. M. Gorman
2571:Robert Solow
2464:Charles Roos
2333:Ben Bernanke
2322:Guido Imbens
2299:Paul Milgrom
2284:Esther Duflo
2237:Angus Deaton
2153:Paul Krugman
2144:
2056:2001–present
1822:Bertil Ohlin
1643:
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1561:Martin Evans
1458:Gerhard Ertl
1401:Paul Krugman
1387:
1384:2007
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820:. Retrieved
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633:Econometrica
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215: (1976)
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3119:1951 births
3093:(2018–2020)
3087:(2016–2018)
3081:(2014–2016)
3075:(2012–2014)
3069:(2010–2012)
3067:Eric Maskin
3052:(2008–2010)
3050:Sergiu Hart
3046:(2006–2008)
3040:(2003–2006)
3034:(1999–2003)
2926:Eddie Dekel
2898: [
2841:Eric Maskin
2831: [
2828:Guy Laroque
2793:Jean Tirole
2741: [
2583:Herman Wold
2553:Henri Theil
2535:James Tobin
2448:(1944–1945)
2442:(1942–1943)
2436:(1940–1941)
2430:(1938–1939)
2424:(1936–1937)
2412:(1931–1934)
2245:Oliver Hart
2229:Jean Tirole
2026:Amartya Sen
1862:James Tobin
1592:Eric Maskin
1530:Albert Fert
1441:Nobel Prize
350:Eric Maskin
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