Featured: Alex Wolitzky uses game theory to model institutions, networks, and social dynamics
Featured: Alex Wolitzky uses game theory to model institutions, networks, and social dynamics
Associate Professor Alex Wolitzky deploys game theory, the study of strategic interactions between decision-makers, to explain observed behavior across a range of political and social institutions. In a 2014 article co-authored with Daron Acemoglu,"Cycles of Conflict: An Economic Model," Prof. Wolitzky models how a spiral of aggression unwinds when one or both sides learn that the aggression was unnecessary. Prof. Wolitzky plans to continue to study the intersection of game theory and modeling large-scale events, as well as share his passion with students by teaching 14.18 (Mathematical Economic Modeling).
MIT Economics faculty convene summit to explore school effectiveness
MIT Economics faculty convene summit to explore school effectiveness
Education leaders and scholars from across the country attended the MIT School Access and Quality Summit on November 13, 2018, sponsored by the School Effectiveness and Inequality Initiative (SEII) and the MIT Integrated Learning Initiative (MITili). The conference convened researchers, practitioners, and policymakers to explore school enrollment strategies that increase access and generate data to measure, plan, and improve school effectiveness.
Dr. Gabriel Kreindler awarded the 2018 Dan and Eva Roos Thesis Prize for Transportation
Dr. Gabriel Kreindler awarded the 2018 Dan and Eva Roos Thesis Prize for Transportation
A 2018 graduate of the Economics Department, Dr. Gabriel Kreindler, has been awarded the 2018 Dan and Eva Roos Thesis Prize for Transportation for his outstanding dissertation titled "Essays on the Economics of Urban Transportation." The awards ceremony hosted by the MIT Transportation Students Group and a talk by Dr. Kreindler will take place on Monday, November 26 from 12-1 PM in E40-356/366.
6-14 major Divya Goel discusses her SuperUROP project
6-14 major Divya Goel discusses her SuperUROP project
Video shot and produced by Lillie Paquette highlights a senior named Divya Goel who is studying Computer Science, Economics and Data Science (Course 6-14). Divya speaks about her experience in the SuperUROP program, working with Professor Kim of Political Science and IDSS, on a database called LobbyView that showcases the links between firm-level lobbying and campaign contributions in the American political system.
Anna Mikusheva elected Fellow of the Econometric Society
Anna Mikusheva elected Fellow of the Econometric Society
Associate Professor of Economics, Anna Mikusheva, was elected Fellow of the Econometric society in November 2018.
Stephen Morris, newly elected Econometric Society President, to join MIT Economics
Stephen Morris, newly elected Econometric Society President, to join MIT Economics
The Department congratulates incoming MIT faculty member Stephen Morris on his election as President of the Econometric Society. Morris, an outstanding economic theorist who has made transformative contributions to global games, mechanism design, and the foundations of game theory, will join the MIT Economics Department in the fall of 2019.
MIT alumnus William Nordhaus wins Nobel Prize in economic sciences
MIT alumnus William Nordhaus wins Nobel Prize in economic sciences
William D. Nordhaus, a professor of economics at Yale University, won the 2018 Nobel Prize in Economics, along with Paul M. Romer of New York University's Stern School of Business. Nordhaus received his PhD from MIT in 1967 under the supervision of Robert M. Solow. He is known for his work on the long-term interaction of climate change and the economy.
Amy Finkelstein wins 2018 MacArthur Fellowship
Amy Finkelstein wins 2018 MacArthur Fellowship
The John & Jennie S. MacDonald Professor of Economics, Amy Finkelstein, won the prestigious MacArthur Fellowship in 2018 for "formulating robust empirical methods to illuminate the hidden complexities of health care policy and provide data-driven guidance for future innovations in theory and practice." Photo credit to the John D. & Catherine T. MacArthur Foundation.
Second Fama Prize Awarded to Josh Angrist
Second Fama Prize Awarded to Josh Angrist
Chicago Booth's Eugene Fama Prize for Outstanding Contributions to Doctoral Education recognizes authors of exceptional PhD-level textbooks in economics and finance. The second Fama Prize has been awarded to Joshua Angrist (Massachusetts Institute of Technology) and Jorn-Steffen (Steve) Pischke (London School of Economics) for their book Mostly Harmless Econometrics: An Empiricist's Companion, published by Princeton University Press in 2009.
Parag Pathak wins John Bates Clark Medal
Parag Pathak wins John Bates Clark Medal
Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics Parag Pathak was announced as the John Bates Clark winner for 2018, and will be presented with the prize at the American Economic Association meeting in January 2019. The Clark Medal is awarded by the AEA annually to the American economist under the age of forty judged to have made the most significant contribution to economic thought and knowledge.
Featured Research: Amy Finkelstein studies health care spending
Featured Research: Amy Finkelstein studies health care spending
Health economists are trying to find ways to reduce the United States's $3.3 trillion annual health spending, which is nearly double that of peer countries. A working paper co-authored by John & Jennie S. MacDonald Professor of Economics, Amy Finkelstein, proposes that the health care system pay long-term care hospitals the same prices that are paid to skilled nursing facilities, thereby saving around 1% of the country's spending - $5 billion per year. Professor Finkelstein states that she was inspired by colleague and Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics, Esther Duflo's, speech, "The Economist as Plumber," to find and solve small sources of inefficiency, which could add up.
MIT economist, Jerry A. Hausman, elected to the British Academy
MIT economist, Jerry A. Hausman, elected to the British Academy
The British Academy, UK's national academy for the humanities and social sciences, honors Jerry Allen Hausman for his distinguished work in the field of economics. Professor Hausman is one of one of 76 scholars to be elected to the British Academy in 2018.
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