Leonid Hurwicz Quotes


Related Quotes

He was referring to the fact that sometimes when the United States lost a decision of international trade organizations, we would not follow it.


SAC is responsible for all the ground based intercontinental nuclear missiles and the airborne nuclear bombers. There has been a very low tolerance for error as the dangers were so high. None the less, there have been a number of serious failures over the years but the nuclear and other damage has not been catastrophic.


Leonid Hurwicz
Leonid Hurwicz
  • Born: August 21, 1917
  • Died: June 24, 2008
  • Nationality: Polish
  • Profession: Economist

Leonid "Leo" Hurwicz was a Polish-American economist and mathematician, known for his work in game theory and mechanism design. He originated the concept of incentive compatibility, and showed how desired outcomes can be achieved by using incentive compatible mechanism design. Hurwicz shared the 2007 Nobel Memorial Prize in Economic Sciences (with Eric Maskin and Roger Myerson) for his seminal work on mechanism design. Hurwicz was one of the oldest Nobel Laureates, having received the prize at the age of 90.