2008 Annual Meeting with Keynote by Professor Roger Myerson
Professor Roger Myerson was awarded a 2007 Nobel Prize in Economics for for his contributions to mechanism design theory, which has helped economists identify efficient trading mechanisms, regulation schemes and voting procedures. Professor Myerson also is well-known for his application of game theory to the study of electoral systems -- a timely topic with the Presidential election only a couple weeks after the GSB Club Annual Dinner.
Professor Myerson and Dean Ted Snyder spoke at this year's Annual Meeting of the GSB Alumni Club of Chicago. An international buffet dinner was provided A Members-only speakers' reception was held in the Midway Club; a non-members' cocktail reception started at 5:30 in the sixth floor dining area.
Roger B. Myerson, Glen A. Lloyd Distinguished Service Professor in Economics and the College
In 2007, Prof. Myerson was awarded the 2007 Nobel Memorial Prize in Economic Sciences for his contributions to mechanism design theory. Today, mechanism design plays a central role in many areas of economics and political science, by allowing people to distinguish between situations in which efficient markets work well from those in which they do not. When a seller and buyer each have incentives to withhold information from the other, for example, mechanism design functions as a "sort of mediator" that can work to bring two parties into agreement. The theory also works in political situations, when countries in disagreement do not share all the information at their disposal, and when competing political campaigns cannot know all the details about each other’s strategies. Prof. Myerson is the author of Game Theory: Analysis of Conflict (1991) and Probability Models for Economic Decisions (2005), along with numerous articles in Econometrica, Mathematics of Operations Research and the International Journal of Game Theory. He received his A.B., summa cum laude, S.M. in applied mathematics and a Ph.D., also in applied mathematics, from Harvard University. Myerson also has developed computer software for auditing formulas and for simulation and decision analysis for use with Microsoft spreadsheet software.
Ted Snyder, Dean and George Pratt Shultz Professor of Economics
Providing overall leadership of the GSB since July 2001, Dean Snyder oversees the school’s academic programs in Chicago, London, and Singapore. Prior to joining Chicago GSB, Mr. Snyder taught at the University of Virginia's Darden School and the University of Michigan Business School. He also was an economist with the Antitrust Division of the U.S. Department of Justice. His research activities include insights into business practices including distribution, contracting, antitrust enforcement, public policy, and industrial organization. He is active in The Chicago Council on Global Affairs and is a member of the City of Chicago’s Civic Consulting Alliance. He earned his Ph.D. and M.A. from the University of Chicago.