Leonid Hurwicz was a Polish–American economist and mathematician, known for his work in game theory and mechanism design. He originated the concept of incentive compatibility, and showed how desired o
Hurwicz in 2005
Hurwicz in 1985
Twin of Heller Hall, named for Walter Heller, Department of Economics, University of Minnesota, West Bank
Daniel Little McFadden is an American econometrician who shared the 2000 Nobel Memorial Prize in Economic Sciences with James Heckman. McFadden's share of the prize was "for his development of theory
Leonid Hurwicz
…institutional design and mathematical economics. In the 1950s, he worked with Kenneth Arrow on non-linear programming. Hurwicz was the graduate advisor to Daniel McFadden, who received the Nobel Prize in 2000. Earlier economists often avoided analytic modeling of economic institutions. Hurwicz's work was instrumental in…