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Standards for State-Building
November 25, 2013Washington, DC

Roger Myerson is the Glen A. Lloyd Distinguished Service Professor of Economics at the University of Chicago. Myerson has made seminal contributions to the fields of economics and political science. In game theory, he introduced refinements of Nash's equilibrium concept, and he developed techniques to characterize the effects of communication when individuals have different information. His analysis of incentive constraints in economic communication introduced several fundamental which that are now widely used in economic analysis, including the revelation principle and the revenue-equivalence theorem in auctions and bargaining. Myerson has also applied game-theoretic tools to political science, analyzing how political incentives can be affected by different electoral systems and constitutional structures.

Myerson is the author of Game Theory: Analysis of Conflict (1991) and Probability Models for Economic Decisions (2005). He also has published numerous articles in professional journals, including Econometrica, Journal of Economic Theory, Games and Decisions, American Political Science Review, Mathematics of Operations Research, and International Journal of Game Theory. He is currently president of the Game Theory Society (2012), has been president of the Econometric Society (2009), and has been vice president of the American Academy of Arts and Sciences (1999–2002).

Myerson has a PhD from Harvard University and taught for 25 years in the Kellogg School of Management at Northwestern University before coming to the University of Chicago in 2001. He is a member of the American Academy of Arts and Sciences, the National Academy of Sciences, and the Council on Foreign Relations. He has received several honorary degrees, and he received the Jean-Jacques Laffont Prize in 2009. He was awarded the 2007 Nobel Memorial Prize in Economic Sciences in recognition of his contributions to mechanism design theory, which analyzes rules for coordinating economic agents efficiently when they have different information and difficulty trusting each other.

The Development Economics Vice Presidency (DEC) launched its lecture series in April 2005 to bring distinguished academics to the Bank to present and discuss new knowledge on development. The purpose of the Lecture Series is to introduce ideas on cutting edge research, challenge and contribute to the Bank's intellectual climate, and reexamine current development theories and practices. The Lectures revisit issues of long-standing concern and explore emerging issues that promise to be central to future development discourse. The Lecture Series reflects DEC’s commitment to intellectual leadership and openness in embracing future challenges to reduce poverty.

The DEC Lecture Series is chaired by Kaushik Basu, Senior Vice President and Chief Economist, and includes a presentation and floor discussion.

Lecture Details
  • Date: November 25, 2013
  • Time: 12:30 PM – 2:00 PM
  • Venue: MC 13-121