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Nobel laureate: John Charles Harsanyi - Nobel Memorial Prize in Economics in 1994 (00:01:10)
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Title:

Nobel laureate: John Charles Harsanyi - Nobel Memorial Prize in Economics in 1994

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Location and time:

Sweden, Stockholm, 1994

Description:

John Charles Harsanyi, born May 29, 1920 – August 9, 2000, was a Hungarian-Australian-American economist and Nobel Memorial Prize in Economic Sciences winner.

He is best known for his contributions to the study of game theory and its application to economics, specifically for his developing the highly innovative analysis of games of incomplete information, so-called Bayesian games. He also made important contributions to the use of game theory and economic reasoning in political and moral philosophy (specifically utilitarian ethics as well as contributing to the study of equilibrium selection. For his work, he was a co-recipient along with John Nash and Reinhard Selten of the 1994 Nobel Memorial Prize in Economics.

 

The Nobel Prize is a set of annual international awards bestowed in a number of categories by Scandinavian committees in recognition of cultural and/or scientific advances. The will of the Swedish philanthropist inventor Alfred Nobel established the prizes in 1895. The prizes in Physics, Chemistry, Physiology or Medicine, Literature, and Peace were first awarded in 1901.

The Peace Prize is awarded in Oslo, Norway, while the other prizes are awarded in Stockholm, Sweden. The Nobel Prize is widely regarded as the most prestigious award available in the fields of literature, medicine, physics, chemistry, peace, and economics.

The Royal Swedish Academy of Sciences awards the Nobel Prize in Physics, the Nobel Prize in Chemistry, and the Nobel Memorial Prize in Economic Sciences; the Nobel Assembly at Karolinska Institutet awards the Nobel Prize in Physiology or Medicine; the Swedish Academy grants the Nobel Prize in Literature; and the Nobel Peace Prize is not awarded by a Swedish organisation but by the Norwegian Nobel Committee.

Each recipient, or laureate, receives a gold medal, a diploma, and a sum of money which is decided by Nobel Foundation yearly. As of 2012, each prize was worth 8 million SEK (c. US$1.1 million, €1.16 million). The prize is not awarded posthumously; however, if a person is awarded a prize and dies before receiving it, the prize may still be presented. Though the average number of laureates per prize increased substantially during the 20th century, a prize may not be shared among more than three people

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1994

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21059

Uploaded:

06-10-2012 20:50:14

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