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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 not only pondered the question, but used mathematics to create working economic models. He developed mechanism design to help businesses and other organizations arrive at solutions that combine truthfulness, individual rationality, and social welfare.
Jun 24, 2008 · Leonid Hurwicz (born Aug. 21, 1917, Moscow, Russia—died June 24, 2008, Minneapolis, Minn., U.S.) 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 ...
Jun 24, 2008 · 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.
Leonid Hurwicz (August 21, 1917 – June 24, 2008) was a Polish–American economist and mathematician, known for his work in game theory and mechanism design. He originated the concept of incentive compatibility, and showed how desired outcomes can be achieved by using incentive compatible mechanism design.
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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...
