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