Tomas Sjöström
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Tomas Sjöström
Tomas Sjöström (born March 19, 1962) is a Distinguished Professor of Economics at Rutgers University – New Brunswick. Life He graduated from Stockholm University with a bachelor's degree in business economics in 1985. He then continued to study economics at the University of Rochester, earning his Ph.D. in 1991. Sjöström worked at Harvard University from 1991 to 1998. From 1998 to 2004, he served as Professor of Economics at the Pennsylvania State University before taking on the role of Professor of Economics at Rutgers University. He is a member of the Royal Swedish Academy of Sciences and served on the selection committee for the Nobel Memorial Prize in Economic Sciences from 2007 to 2018. Research Contributions Sjöström's early work was on the topic of Implementation Theory (the design of optimal mechanisms). Sandeep Baliga, Luis Corchon and Sjöström considered implementation when the mechanism designer himself is a player who cannot make "incredible threats". Ta ...
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Stockholm University
Stockholm University (SU) () is a public university, public research university in Stockholm, Sweden, founded as a college in 1878, with university status since 1960. With over 33,000 students at four different faculties: law, humanities, social sciences, and natural sciences, it is one of the largest universities in Scandinavia. Stockholm University was granted university status in 1960, making it the fourth oldest List of universities in Sweden, Swedish university. As with other public universities in Sweden, Stockholm University's mission includes teaching and research anchored in society at large. History The initiative for the formation of Stockholm University was taken by the Stockholm City Council. The process was completed after a decision in December 1865 regarding the establishment of a fund and a committee to "establish a higher education institution in the capital".Thomasson, Carl-Gustaf, Stockholms högskolas matrikel 1878–1887. Stockholm 1969, sid. 52 The nine m ...
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Grameen Bank
Grameen Bank () is a microfinance, specialized community development bank founded in Bangladesh. It provides small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral. Grameen Bank is a statutory public authority. It is originated in 1976, in the work of Muhammad Yunus, a professor at the University of Chittagong, who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor. In October 1983, the Grameen Bank was authorized by national legislation to operate as an independent bank. In 1998, the Bank's "Low-cost Housing Program" won a World Habitat Award. In 2006, the bank and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize. The bank's success has inspired similar projects in more than 64 countries around the world, including a World Bank initiative to finance Grameen-type lending systems. History Muhammad Yunus was inspired during the Ba ...
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1962 Births
The year saw the Cuban Missile Crisis, which is often considered the closest the world came to a Nuclear warfare, nuclear confrontation during the Cold War. Events January * January 1 – Samoa, Western Samoa becomes independent from New Zealand. * January 3 – The office of Pope John XXIII announces the excommunication of Fidel Castro for preaching communism and interfering with Catholic churches in Cuba. * January 8 – Harmelen train disaster: 93 die in the worst Netherlands, Dutch rail disaster. * January 9 – Cuba and the Soviet Union sign a trade pact. * January 12 – The Indonesian Army confirms that it has begun operations in West Irian. * January 13 – People's Socialist Republic of Albania, Albania allies itself with the People's Republic of China. * January 15 ** Portugal abandons the United Nations General Assembly due to the debate over Angola. ** French designer Yves Saint Laurent (designer), Yves Saint Laurent launches Yves Saint Lau ...
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Rutgers University Faculty
This is an enumeration of notable people affiliated with Rutgers University, including graduates of the undergraduate and graduate and professional programs at all three campuses, former students who did not graduate or receive their degree, presidents of the university, current and former professors, as well as members of the board of trustees and board of governors, and coaches affiliated with the university's athletic program. Also included are characters in works of fiction (books, films, television shows, et cetera) who have been mentioned or were depicted as having an affiliation with Rutgers, either as a student, alumnus, or member of the faculty. Some noted alumni and faculty may be also listed in the main Rutgers University article or in some of the affiliated articles. Individuals are sorted by category and alphabetized within each category. Default campus for listings is the Rutgers University-New Brunswick, New Brunswick campus, the system's largest campus, with Rut ...
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21st-century Economists
File:1st century collage.png, From top left, clockwise: Jesus is crucified by Roman authorities in Judaea (17th century painting). Four different men (Galba, Otho, Vitellius, and Vespasian) claim the title of Emperor within the span of a year; The Great Fire of Rome (18th-century painting) sees the destruction of two-thirds of the city, precipitating the empire's first persecution against Christians, who are blamed for the disaster; The Roman Colosseum is built and holds its inaugural games; Roman forces besiege Jerusalem during the First Jewish–Roman War (19th-century painting); The Trưng sisters lead a rebellion against the Chinese Han dynasty (anachronistic depiction); Boudica, queen of the British Iceni leads a rebellion against Rome (19th-century statue); Knife-shaped coin of the Xin dynasty., 335px rect 30 30 737 1077 Crucifixion of Jesus rect 767 30 1815 1077 Year of the Four Emperors rect 1846 30 3223 1077 Great Fire of Rome rect 30 1108 1106 2155 Boudican revolt ...
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Living People
Purpose: Because living persons may suffer personal harm from inappropriate information, we should watch their articles carefully. By adding an article to this category, it marks them with a notice about sources whenever someone tries to edit them, to remind them of WP:BLP (biographies of living persons) policy that these articles must maintain a neutral point of view, maintain factual accuracy, and be properly sourced. Recent changes to these articles are listed on Special:RecentChangesLinked/Living people. Organization: This category should not be sub-categorized. Entries are generally sorted by family name In many societies, a surname, family name, or last name is the mostly hereditary portion of one's personal name that indicates one's family. It is typically combined with a given name to form the full name of a person, although several give .... Maintenance: Individuals of advanced age (over 90), for whom there has been no new documentation in the last ten ...
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Journal Of Economic Theory
The ''Journal of Economic Theory'' is a bimonthly peer-reviewed academic journal covering the field of economic theory. Karl Shell has served as editor-in-chief of the journal since it was established in 1968. Since 2000, he has shared the editorship with Jess Benhabib, Alessandro Lizzeri, Christian Hellwig, and more recently with Alessandro Pavan, Ricardo Lagos (economist), Ricardo Lagos, Marciano Siniscalchi, and Xavier Vives. The journal is published by Elsevier. In 2020, Tilman Börgers was chief editor of the journal. Abstracting and indexing According to the ''Journal Citation Reports'', the journal has a 2020 impact factor of 1.458. See also *List of economics journals References External links

* Economics journals Elsevier academic journals Academic journals established in 1969 English-language journals Bimonthly journals {{econ-journal-stub ...
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Hobbesian Trap
The Hobbesian trap (or Schelling's dilemma) is a theory that explains why preemptive strikes occur between two groups, out of bilateral fear of an imminent attack. Without outside influences, this situation will lead to a fear spiral ( catch-22, vicious circle, Nash equilibrium) in which fear will lead to an arms race which in turn will lead to increasing fear. The Hobbesian trap can be explained in terms of game theory. Although cooperation would be the better outcome for both sides, mutual distrust leads to the adoption of strategies that have negative outcomes for both individual players and all players combined. The theory has been used to explain outbreaks of conflicts and violence, spanning from individuals to states. History An early example of Hobbesian trap reasoning is Thucydides's analysis of the Peloponnesian War in Ancient Greece. Thucydides presented that fear and distrust towards the other side led to an escalation of violence. The theory is most commonly as ...
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Implementation Theory
Implementation theory is an area of research in game theory concerned with whether a class of mechanisms (or institutions) can be designed whose equilibrium outcomes implement a given set of normative goals or welfare criteria.Palfrey, Thomas R. "Chapter 61 Implementation Theory." Handbook of Game Theory with Economic Applications, 2002. . There are two general types of implementation problems: the economic problem of producing and allocating public and private goods and choosing over a finite set of alternatives.Maskin, Eric and Sjöström, Tomas. "Implementation Theory." Handbook of Social Choice and Welfare, 2002. . In the case of producing and allocating public/private goods, solution concepts are focused on finding dominant strategies. In his paper "Counterspeculation, Auctions, and Competitive Sealed Tenders", William Vickrey showed that if preferences are restricted to the case of quasi-linear utility functions then the mechanism dominant strategy is dominant-strategy imp ...
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University Of Rochester
The University of Rochester is a private university, private research university in Rochester, New York, United States. It was founded in 1850 and moved into its current campus, next to the Genesee River in 1930. With approximately 30,000 full-time employees, the university is the largest private employer in Upstate New York and the seventh-largest in all of New York (state), New York State. With over 12,000 students, the university offers 160 undergraduate and 30 graduate programs across seven schools spread throughout five campuses. The University of Rochester College of Arts Sciences and Engineering, College of Arts, Sciences, and Engineering is the largest school, and it includes the School of Engineering and Applied Sciences. The Eastman School of Music, founded by and named after George Eastman, is located in Downtown Rochester. The university is also home to Rochester's Laboratory for Laser Energetics, a national laboratory supported by the United States Department of E ...
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Economic Sciences Prize Committee
The Committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is the prize committee for the Nobel Memorial Prize in Economic Sciences, and fills the same role as the Nobel Committees do for the Nobel Prizes. This means that the committee is responsible for proposing laureates for the prize.Nobelprize.org: Prize Awarder for the Prize in Economics
accessed 2010-06-19
The Committee for the Prize in Economic Sciences in Memory of Alfred Nobel is appointed by the . It usually consists of Swedish professors of economics or related subjects who are m ...
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Royal Swedish Academy Of Sciences
The Royal Swedish Academy of Sciences () is one of the Swedish Royal Academies, royal academies of Sweden. Founded on 2 June 1739, it is an independent, non-governmental scientific organization that takes special responsibility for promoting natural sciences and mathematics and strengthening their influence in society, whilst endeavouring to promote the exchange of ideas between various disciplines. The goals of the academy are: * To be a forum where researchers meet across subject boundaries, * To offer a unique environment for research, * To provide support to younger researchers, * To reward outstanding research efforts, * To communicate internationally among scientists, * To advance the case for science within society and to influence research policy priorities * To stimulate interest in mathematics and science in school, and * To disseminate and popularize scientific information in various forms. Every year, the academy awards the Nobel Prizes in Nobel Prize in Physics, phy ...
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