Project Details

The following list of Nobel Prize winners received such an award because of their work on Game Theory and its impact in Economics.

1972: Ken Arrow

Prize motivation: "for their pioneering contributions to general economic equilibrium theory and welfare theory"

Field: general equilibrium theory, welfare theory

1994: John Nash, Reinhard Selter, John Harsanyi

Prize motivation: "for their pioneering analysis of equilibria in the theory of non-cooperative games"

Field: game theory

2005: Tom Schelling and Robert Aumann

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

Field: game theory

2007: Leonid Hurwicz, Eric Maskin, Roger Myerson

Prize motivation: "for having laid the foundations of mechanism design theory"

Field: microeconomics

2009: Lin Ostrom

Prize motivation: "for her analysis of economic governance, especially the commons"

Field: economic governance

2012: Al Roth and Lloyd Shapley

Prize motivation: "for the theory of stable allocations and the practice of market design"

Field: applied game theory

2014: Jean Tirole

Prize motivation: "for his analysis of market power and regulation"

Field: industrial organization, microeconomics

2016: Oliver Hart and Bengt Holmström

Prize motivation: "for their contributions to contract theory"

2017: Richard Thaler

Prize motivation: "for his contributions to behavioural economics"

2020: Paul R. Milgrom and Robert B. Wilson

Prize motivation: "for improvements to auction theory and inventions of new auction formats”