Nobel Economics Prize Awarded to 'Paul Milgrom and Robert Wilson'... "Improvement in Auction Theory" (2nd Report)
[Asia Economy Reporter Moon Jiwon] This year's Nobel Prize in Economics was awarded to Paul Milgrom and Robert Wilson, who have been researching 'auction theory' together at Stanford University in the United States.
The Nobel Committee of the Royal Swedish Academy of Sciences announced on the 12th (local time) that Paul Milgrom and Robert Wilson, professors at Stanford University, were selected as the recipients of the 2020 Nobel Prize in Economics.
Hot Picks Today
!["Even If I Lose My Investment, the Government Will Cover It"... The Fund Attracting Retail Investors' Attention [Weekend Money]](https://cwcontent.asiae.co.kr/asiaresize/93/2026051609052165501_1778889921.jpg)
"Even If I Lose My Investment, the Government Will Cover It"... The Fund Attracting Retail Investors' Attention [Weekend Money]
- AI Said to Eliminate Jobs, but This Role Sees 800% Surge in Hiring [Tech Talk]
- On Teacher's Day, a Student's Gifted Cake Had to Be Cut into 32 Pieces... Why?
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- "Envious of Korean Daily Life"...Foreign Tourists Line Up in Central Myeongdong from Early Morning [Reportage]
The Nobel Committee explained the reason for their award, stating, "Auctions take place everywhere and affect our daily lives," and "Milgrom and Wilson improved auction theory and invented new forms of auctions, benefiting sellers, buyers, and taxpayers worldwide."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
