David Marc "Dave" Kreps (born 1950 in
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
) is a
game theorist
Game theory is the study of mathematical models of strategic interactions among rational agents. Myerson, Roger B. (1991). ''Game Theory: Analysis of Conflict,'' Harvard University Press, p.&nbs1 Chapter-preview links, ppvii–xi It has appli ...
and
economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics.
The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...
and professor at the
Graduate School of Business at
Stanford University
Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is consider ...
(since 1980). The
Stanford University
Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is consider ...
Department of Economics appointed Kreps the Adams Distinguished Professor of Management. He is known for his analysis of dynamic choice models and non-cooperative game theory, particularly the idea of
sequential equilibrium
Sequential equilibrium is a refinement of Nash Equilibrium for extensive form games due to David M. Kreps and Robert Wilson. A sequential equilibrium specifies not only a strategy for each
of the players but also a belief for each of the player ...
, which he developed with Stanford Business School colleague
Robert B. Wilson.
He earned his A.B. from
Dartmouth College
Dartmouth College (; ) is a private research university in Hanover, New Hampshire. Established in 1769 by Eleazar Wheelock, it is one of the nine colonial colleges chartered before the American Revolution. Although founded to educate Native A ...
in 1972 and his Ph.D. from Stanford in 1975. Kreps won the
John Bates Clark Medal
The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge." The award is named after the ...
in 1989. He was awarded an honorary Ph.D. by the
Université Paris-Dauphine
Paris Dauphine University - PSL (french: Université Paris-Dauphine, also known as Paris Dauphine - PSL or Dauphine - PSL) is a public research university based in Paris, France. It is one of the 13 universities formed by the division of the ancie ...
in 2001. With colleagues
Paul Milgrom
Paul Robert Milgrom (born April 20, 1948) is an American economist. He is the Shirley and Leonard Ely Professor of Humanities and Sciences at Stanford University, the Stanford University School of Humanities and Sciences, a position he has held ...
and
Robert B. Wilson, he was awarded the 2018
John J. Carty Award for the Advancement of Science
The John J. Carty Award for the Advancement of Science is awarded by the U.S. National Academy of Sciences "for noteworthy and distinguished accomplishments in any field of science within the charter of the Academy". Established by the America ...
. He is a member of the
National Academy of Sciences
The National Academy of Sciences (NAS) is a United States nonprofit, non-governmental organization. NAS is part of the National Academies of Sciences, Engineering, and Medicine, along with the National Academy of Engineering (NAE) and the Nati ...
. In 2018, Kreps was awarded the
Erwin Plein Nemmers Prize in Economics The Erwin Plein Nemmers Prize in Economics is awarded biennially from Northwestern University. It was initially endowed along with a companion prize, the Frederic Esser Nemmers Prize in Mathematics. Both are part a $14 million donation from the Nem ...
by
Northwestern University
Northwestern University is a private research university in Evanston, Illinois. Founded in 1851, Northwestern is the oldest chartered university in Illinois and is ranked among the most prestigious academic institutions in the world.
Charte ...
.
He has also written many books, including ''Microeconomics for Managers'', ''A Course in Microeconomic Theory'', and ''Game Theory and Economic Modeling''.
See also
*
Trade-off Talking Rational Economic Person Trade-off talking rational economic person (TOTREP) is one term, among others, used to denote, in the field of choice analysis, the rational, human agent of economic decisions.
Origin of the term
The term was first used notably in David M. Kreps' ...
External links
David M. Kreps' home page at Stanford University*
References
1950 births
Living people
Dartmouth College alumni
Stanford University alumni
Stanford University Graduate School of Business faculty
Stanford University Department of Economics faculty
20th-century American economists
21st-century American economists
Information economists
Game theorists
Mathematical economists
General equilibrium theorists
Fellows of the Econometric Society
Fellows of the American Academy of Arts and Sciences
Members of the United States National Academy of Sciences
Distinguished Fellows of the American Economic Association
Nancy L. Schwartz Memorial Lecture speakers
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