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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“.
Leonid Hurwicz was born in Moscow on August 21, 1917 after the Kirensky revolution but before the October Bolshevik revolution. In early 1919, he and his family returned to Warsaw − his father’s home; his mother was also Polish − after the Communists came to power in Russia.
Leonid Hurwicz started working on mechanism design theory in the 1960s. The theory allows us to distinguish situations in which markets work well from those in which they do not. It has helped economists identify efficient trading mechanisms, regulation schemes and voting procedures.
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 ...
Leonid Hurwicz was born August 21, 1917 in Moscow. A mere three months after his birth, the Bolshevik Revolution began in Russia, which caused the Hurwicz family to flee to Warsaw due to fear of political persecution.
Telephone interview with Leonid Hurwicz and his wife, Evelyn Hurwicz, recorded immediately following the announcement of the 2007 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 15 October 2007. The interviewer is Adam Smith, Editor-in-Chief of Nobelprize.org.
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 institutions,...
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.
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.
