JPost.com
Updated Dec. 10, 2005 23:33
Professor Robert Aumann receives Nobel Prize
By AVI KRAWITZ AND JPOST STAFF

After dashing to Stockholm’s Concert Hall with 27 members of his immediate family from the hotel where they stayed over Shabbat, Hebrew University mathematics Prof. Robert J. (Yisrael) Aumann accepted the 2005 Nobel Prize in Economics from King Karl XVI Gustaf, along with Thomas C. Schelling, a retired professor from the University of Maryland.

The prize was awarded for their work done in the 1960s and 70’s “that helped defense analysts use models to map out options available to an adversary and thus predict what the opponent might do in a confrontation,” the Royal Swedish Academy of Sciences said. It noted Aumann’s work in repeated game theory – the study of the emergence of patterns in behavior. The two will share $1.3 million for the prize, which accords each a gold medal and diploma. Full story.