Nobel Prizes and Laureates

Nobel Prizes and Laureates

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2005
Robert J. Aumann, Thomas C. Schelling

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Robert J. Aumann - Facts

Robert J. Aumann

Robert J. Aumann

Born: 8 June 1930, Frankfurt-on-the-Main, Germany

Affiliation at the time of the award: University of Jerusalem, Center for RationalityHebrew, Jerusalem, Israel

Prize motivation: "for having enhanced our understanding of conflict and cooperation through game-theory analysis"

Field: game theory

Contribution: The first to conduct a full-fledged formal analysis of so-called infinitely repeated games. His research identified exactly what outcomes can be upheld over time in long-run relations (the Folk Theorem).

Prize share: 1/2

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