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

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 } Robert Butler Wilson, Jr. (born May 16, 1937) is an American economist and the Adams Distinguished Professor of Management, Emeritus at Stanford University. He was jointly awarded the 2020 Nobel Memorial Prize in Economic Sciences, together wit ...

. 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 the Stanford University School of Humanities and Sciences, a position he has held since 1987. He is a ...

and

, 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 ...

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''.

External links

David M. Kreps' home page at Stanford University
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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 {{US-economist-stub

See also

External links

References