Thomas C. Schelling

Facts

Thomas C. Schelling

Photo: T. Zadig

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

Born: 14 April 1921, Oakland, CA, USA

Died: 13 December 2016, Bethesda, MD, USA

Affiliation at the time of the award: University of Maryland, Department of Economics and School of Public Policy, College Park, MD, USA

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

Prize share: 1/2

Life

Thomas Schelling was born in Oakland, USA, and spent most of his boyhood in California. He attended Harvard University, where he received his Ph.D. in 1948. Schelling served with the Marshall Plan in Europe, the White House and the Executive Office of the President from 1948-1953. He conducted research at several institutions in the US. He died in Maryland in 2016.

Work

Thomas Schelling specialized in the application of game theory to cases in which adversaries must repeatedly interact, especially in international trade, treaties and conflicts. His work prompted new developments in game theory and accelerated its use and application throughout the social sciences. Schelling’s analysis of strategic commitments has explained a wide range of phenomena, from the competitive strategies of firms to the delegation of political decision power.

To cite this section
MLA style: Thomas C. Schelling – Facts. NobelPrize.org. Nobel Prize Outreach AB 2024. Fri. 19 Jul 2024. <https://www.nobelprize.org/prizes/economic-sciences/2005/schelling/facts/>

Back to top Back To Top Takes users back to the top of the page

Nobel Prizes and laureates

Eleven laureates were awarded a Nobel Prize in 2023, for achievements that have conferred the greatest benefit to humankind. Their work and discoveries range from effective mRNA vaccines and attosecond physics to fighting against the oppression of women.

See them all presented here.
Illustration

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.