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Roger Myerson is an American economist known for his contributions to game theory and mechanism design, fields that study how to design systems where people acting in their own interest produce good outcomes for society. His work has important applications in understanding auctions, voting systems, and market design.
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- 1951-03-29
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Roger Bruce Myerson (born March 29, 1951) is an American economist and a Distinguished Service Professor at the University of Chicago's Harris School of Public Policy. In 2007, he was the winner of the Nobel Memorial Prize in Economic Sciences with Leonid Hurwicz and Eric Maskin for "having laid the foundations of mechanism design theory". He was elected a Member of the American Philosophical Society in 2019.
In particular, by extending the revelation principle to accommodate incomplete information environments, Myerson proved that complex regulatory and auction environments, as treated in auction theory, can be reduced to incentive-compatible direct mechanisms.
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1951 births20th-century American economists20th-century American statisticians20th-century American writers21st-century American economists21st-century American mathematicians21st-century American non-fiction writers21st-century American statisticiansAmerican game theoristsAmerican Nobel laureatesEconomists from MassachusettsFellows of the American Academy of Arts and Sciences