An Israeli shares the Nobel prize for economics. What’s wrong with the committee, didn’t they remember the boycott?
Israeli, American Share Economics Nobel
(AP) Robert J. Aumann and Thomas C. Schelling won the 2005 Nobel Memorial Prize in Economic Sciences on Monday for their work in game theory that explains political and economic conflicts, arms races and even preventing warfare.
“Why do some groups of individuals, organizations and countries succeed in promoting cooperation while others suffer from conflict?” the Royal Swedish Academy of Sciences said.
Game theory, which is often used in a political or military context to explain conflicts between countries, can also be applied to the business world.
“The understanding of game theory helps explain economic conflicts like price competition and commerce wars,” said Jorgen Weibull, chairman of the prize committee. “I think the main impact is on economics, but it also applies to other social sciences.”
Aumann, 75, and Schelling, 84, have helped to “explain economic conflicts such as price wars and trade wars, as well as why some communities are more successful than others in managing common-pool resources,” the academy said in its citation.
Funny, the boycott was the first thing I thought of when I heard Aumann got the award. An Israeli winning such a prize makes me happy, but the thought of the boycotters being really upset made my day.
Yes, but what use is economics compared to… PEACE!
But he is also (according to the radio report) also a US citizen as well. That means they can pretend to not know he is Israeli (even though he is from Hebrew University).
Or maybe it is because so many leftists come from the universities.
According to today’s edition of Ma’ariv, Professor Aumann was born in Frankfurt, Germany, in 1930. His family fled Germany for the US shortly after Kristallnacht.
Just a point of biographical information.
Actually, Prof. Aumann is a hawk. So it’s ironic they tried to make this sound like it isn’t “just” an economics prize but a bit of a peace prize for improving our understanding of conflicts. Recently, he used game theory to explain why Israel needs nuclear weapons.