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Roger B. Myerson Economist

Roger Myerson has made seminal contributions to the fields of economics and political science. In game theory, he introduced refinements of Nash’s equilibrium concept, and he developed techniques to characterize the effects of communication among rational agents who have different information. His analysis of incentive constraints in economic communication introduced several fundamental concepts that are now widely used in economic analysis, including the revelation principle and the revenue-equivalence theorem in auctions and bargaining. Myerson has also applied game-theoretic tools to political science, analyzing how political incentives can be affected by different electoral systems and constitutional structures.

Myerson is the author of Game Theory: Analysis of Conflict (1991) and Probability Models for Economic Decisions (2005). He also has published numerous articles in professional journals, including Econometrica, Journal of Economic Theory, Games and DecisionsAmerican Political Science Review, Mathematics of Operations Research, and International Journal of Game Theory. He has served as president of the Game Theory Society (2012-2014), president of the Econometric Society (2009), and vice president of the American Academy of Arts and Sciences (1999-2002).

Myerson taught for 25 years in the Kellogg School of Management at Northwestern University before joining the University of Chicago in 2001, where he now holds the Glen A. Lloyd Distinguished Service Professorship of Economics. He has received many awards, honorary degrees and appointments throughout his career, including the 2007 Nobel Memorial Prize in Economic Sciences. The prize was awarded in recognition of his contributions to mechanism design theory, which analyzes rules for coordinating economic agents efficiently when they have different information and difficulty trusting each other.

Awards

Elected Member of the Council on Foreign Relations, 2011.

Jean-Jacques Laffont Prize, 2009.

Elected Member of the National Academy of Sciences, 2009.

Nobel Memorial Prize in Economic Sciences, 2007.

Elected Fellow of the American Academy of Arts and Sciences, 1993, Vice President, 1999-2002.

Relevant Publications

R. B. Myerson and M. A. Satterthwaite, "Efficient mechanisms for bilateral trading," J. Econ. Theory, vol. 29, no. 2, pp. 265-281, April 1983.

Books

R.B. Myerson, Probability Models for Economic Decisions. San Francisco: Thomson/Brooke/Cole, 2005.

R.B. Myerson, Game Theory: Analysis of Conflict. Cambridge: Harvard University Press, 1991.

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Appointment

Advisor Institutions, Organizations & Growth

Institution

University of ChicagoDepartment of Economics

Education

PhD (Applied Mathematics) Harvard University

SM (Applied Mathematics) Harvard University

AB, summa cum laude Harvard University

Country

United States

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