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A comment on Oliver Hart and Bengt Holmstrom Win Nobel in Economics for Work on Contracts. Parent comment
Leonid Kantorovich won it for applying his results in Operations Research [1] to planning the Russian economy.
John Nash won it for .. of course .. Game Theory.
[1] He proved criteria for the convergence of the Newton Method and quite a bit more. Those results are applied really everywhere nowadays.
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Leonid Kantorovich won it for applying his results in Operations Research [1] to planning the Russian economy.
John Nash won it for .. of course .. Game Theory.
[1] He proved criteria for the convergence of the Newton Method and quite a bit more. Those results are applied really everywhere nowadays.