University of MD Professor wins Nobel Prize!

<p>By the way:</p>

<p>The prize is the:
"Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel"</p>

<p>and is technically NOT an actual Nobel Prize, though it is often incorrectly called one. It's given at the same ceremony and the prize money is the same, but it was not established by Nobel like the other prizes and its association with the other prizes has at times been controversial.</p>

<p>Just a bit of trivia.</p>

<p>Personally, I think every institution that supported and encouraged and benefited from Tom Schelling should celebrate this long overdue recognition!</p>

<p>Harvard was closed yesterday (observing the Columbus Day holiday), so perhaps that's why there's nothing up on their official website yet.</p>

<p>At least the Harvard Crimson (student newspaper) did a nice piece in today's paper giving an account of Tom Schelling's contributions--he spent 30 years of his career there, has held emeritus status since his retirement, and still has close ties to his former colleagues. Unfortunately, their copyeditor didn't catch some typos (his last name isn't spelled consistently correctly in the piece), but they did get the most important facts right--he is remarkable for his kind and generous spirit as well as his brilliance. </p>

<p><a href="http://www.thecrimson.com/today/article508913.html%5B/url%5D"&gt;http://www.thecrimson.com/today/article508913.html&lt;/a&gt;&lt;/p>

<p>Colleges cite all kinds of other awards that their former students/professors win- so why not a Nobel?</p>

<p>In 2001 the grandfather( William Knowles) of one of my older daughters friends won a Nobel for chemistry for work he had done years ago at Monsanto ( he has been retired for sometime)- I was thinking that her high school should boast about that connection :)</p>

<p>It appears the link I posted earlier no longer works (apparently the Crimson changed to a new format later this morning--although they still haven't corrected the inconsistent spellings of his name in their article.)</p>

<p>Here is the updated link to their article on Tom Schelling:</p>

<p><a href="http://www.thecrimson.com/article.aspx?ref=508959%5B/url%5D"&gt;http://www.thecrimson.com/article.aspx?ref=508959&lt;/a&gt;&lt;/p>

<p>It's a safe bet (actually I am sure after reading his resume) Thomas C. Schelling did most of his meaningful work before he came to UMD. You can find the quote from
<a href="http://www.eur.nl/diesnatalis/2003/schelling%5B/url%5D"&gt;http://www.eur.nl/diesnatalis/2003/schelling&lt;/a&gt;&lt;/p>

<p>
[quote]
Among his most influential publications are Micromotives and
Macrobehavior (1978) and The Strategy of Conflict (1960). The
latter was translated into five languages and has been selected
as a citation classic and as one of the hundred books that have
been most influential in the West since 1945. He has been honored
with The Frank. E. Seidman Distinguished Award in Political
Economy and The National Academy of Sciences Award for Behavioral
Research Relevant to the Prevention of Nuclear War, 1993. He also
is a Distinguished Fellow of the American Economic Association of
which he was the President in 1991.

[/quote]
</p>

<p>But it doesn't mean UMD did not benefit from his masterful mind. Actually a lot of UCs got their share of Nobel laurates using the same strategy, including UCLA, UCI, UCSD. Their departments are reputed in academic because of these.</p>

<p>Also, everyone who has been relevant with him can count him in as one of theirs. Most of schools do this.</p>

<p>From nobelprize.org, Schelling won the rewards because of two books:</p>

<p>Schelling, T (1960): The Strategy of Conflict, Harvard University Press.
Schelling, T (1978): Micromotives and Macrobehavior, Harvard University Press.</p>

<p>In the advanced information section:

[quote]
[73] Schelling T.C. (1956): “An essay on bargaining”, American Economic Review
46, 281-306.
[74] Schelling T.C. (1960): The Strategy of Conflict, Harvard University Press, Cambridge
MA.
[75] Schelling T.C. (1966): Arms and Influence, Yale University Press, New Haven.
[76] Schelling T.C. (1967): “What is game theory?” in J.C. Charlesworth (ed.), Contemporary
Political Analysis, Free Press, New York. (Reprinted as Chapter 10 of
Schelling, 1984.)
[77] Schelling T.C. (1971) “Dynamic models of segregation”, Journal of Mathematical
Sociology 1, 143-186.
[78] Schelling T.C. (1978): Micromotives and Macrobehavior, Harvard University
Press, Cambridge MA.
[79] Schelling T.C. (1980): “The intimate contest for self-command”, The Public
Interest 60, 94-118.
[80] Schelling T.C. (1983): “Ethics, law, and the exercise of self-command”, in S.M.
McMurrin (ed.): The Tanner Lectures on Human Values IV, 43-79, University
of Utah Press, Salt Lake City.
[81] Schelling T.C. (1984a): “Self-command in practice, in policy, and in a theory of
rational choice”, American Economic Review, Papers and Proceedings 74, 1-11.
29
[82] Schelling T.C. (1984b): Choice and Consequence, Harvard University Press,
Cambridge MA.
[83] Schelling T.C. (1992):“Addictive drugs: The cigarette experience”, Science 255,
430-434.
[84] Schelling T.C. and M.H. Halperin (1961): Strategy and Arms Control, Twentieth
Century Fund, New York.

[/quote]
</p>