The Nobel Prize in economics goes to Leonid Hurwicz,Eric S. Maskin, and Roger B. Myerson. My head was spinning when I first heard of the news, just like when I was in Prof. Singh's advanced micro class. In the very last part of the lecture, Prof. Singh devoted a great deal of time to mechanism design theory. "What is this (beep) ?" was constantly in my mind at that time. I am just so glad that I am done with micro theories.
For those advanced readers, you should check out Alex Tabarrok's explanation of mechanism design theory.
(Picture: Prof. Hurwicz by University of Minnesota)
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