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Leonid Hurwicz (* 21. August 1917 in Moskau; † 24. Juni 2008 in Minneapolis, Minnesota) war ein US-amerikanischer Wirtschaftswissenschaftler und Nobelpreisträger. Er war Emeritus der University of Minnesota und galt als Begründer der „Mechanism-Design“-Theorie, die später von Eric S. Maskin und Roger B. Myerson wesentlich ...
Leonid Hurwicz (Polish pronunciation: [lɛˈɔɲit ˈxurvitʂ]; August 21, 1917 – June 24, 2008) was a Polish–American economist and mathematician, known for his work in game theory and mechanism design.
Leonid “Leo” Hurwicz received the Nobel Memorial Prize in Economic Sciences in 2007 “for having laid the foundations of mechanism design theory“.
Hurwicz not only pondered the question, but used mathematics to create working economic models. He developed mechanism design to help businesses and other organizations arrive at solutions that combine truthfulness, individual rationality, and social welfare.
The Hurwicz Criterion, presented in a paper in 1951, is probably the earliest novel contribution to the field of economics for which Leo has been recognized. It provides a formula for balancing pessimism and optimism in decision-making under uncertainty – that is, when future conditions are to some extent unknown.
24. Juni 2008 · Leonid Hurwicz. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007. Born: 21 August 1917, Moscow, Russia. Died: 24 June 2008, Minneapolis, MN, USA. Affiliation at the time of the award: University of Minnesota, Minneapolis, MN, USA.
Leonid Hurwicz was Regents' Professor of Economics (Emeritus) at the University of Minnesota. He was among the first economists to recognise the value of game theory and is a pioneer in its application.
