Here is a nice article from The Economist with a description of what the recent Nobel Prize in Economics is all about, as well as interesting personal facts about the winners (e.g., Eric Maskin lives in Albert Einstein‘s old house and dresses up as Einstein for Halloween).
I was delighted to wake up this morning and discover that I have yet another Nobel Laureate as a colleague. Congratulations to Roger Myerson! (And also to Eric Maskin and Leo Hurwicz, who shared the prize.) The prize was “for having laid the foundations of mechanism design theory.” Mechanism design formalizes ways of thinking about how a social planner, manager, . . .