[Academics] Academia Sinica Lecture Series: Nobel Laureate Dr. Eric MASKIN to Lecture on Solutions to Financial Crises and Strategic Voting in Elections

[Academics] Academia Sinica Lecture Series: Nobel Laureate Dr. Eric MASKIN to Lecture on Solutions to Financial Crises and Strategic Voting in Elections (Chinese Version)

Academia Sinica Newsletter (2012/06/04) Dr. Eric MASKIN, one of the three 2007 Nobel Laureates in Economics, will deliver two lectures at Academia Sinica on June 11 and 12. The lectures are entitled “Financial Crises: Why They Occur and What to Do about Them” and “Elections and Strategic Voting: Condorcet and Borda.” Members of the media and the public are welcome to attend these lectures.

Dr. MASKIN is currently professor of Economics at Harvard University. He was awarded the Nobel Prize jointly with Leonid HURWICZ and Roger B. MYERSON for laying the foundations of mechanism design theory, which concerns the design of institutional arrangements, rules and procedures for economic activity and collective decision-making. Mechanism design theory provides general methods for designing rules, which result in resource allocation that meet a given social goal, despite the fact that individuals act in their own interest. The theory of mechanism design currently plays a major role in many areas of economics and in parts of political science, and has led to many fruitful applications. Its domain of application has expanded in recent years, due to globalization and growing internet trade, phenomena that impose new demands on old institutions.

In addition, Dr. MASKIN did pioneering work on implementation theory, a part of the theory of mechanism design which deals with the problem arising from the potential co-existence of inferior equilibria along with the desired ones. It solves the problem by designing a mechanism such that the equilibrium outcomes satisfy a criterion of social optimality embodied in a social choice rule. In addition, he has made numerous other important contributions, both to the pure theory of mechanism design and to its application to areas such as auctions, monopoly and social choice.

Dr. MASKIN received his Ph.D. in economics from Harvard University in 1976. He was a Research Fellow at Jesus College, Cambridge between 1976 and 1977 and taught at M.I.T. from 1977 to 1984. In 1985 he moved to Harvard University, where he was named Louis Berkman Professor of Economics in 1997. In 2000, he joined the Faculty at the Advance Institute for Advanced Study in Princeton, New Jersey. In the spring this year, he returned to Harvard to teach in the Economics Department. Dr. MASKIN has worked in diverse areas of economic theory. As well as mechanism design theory and implementation theory, he is also famous for his contribution to game theory, the economics of incentives, and contract theory.

For more information please visit:
http://scholar.harvard.edu/maskin

Online registration for Dr. Eric MASKIN’s lectures at Academia Sinica is available at:
http://iao.sinica.edu.tw/ASL/index.html


Media Contacts:
Mr. Huan-tang CHANG, International Affairs Office, Central Office of Administration,
Academia Sinica changht@gate.sinica.edu.tw
(Tel) +886-2-2789-9895, (Fax) +886-2-2783-4496
Ms. Pearl HUANG, Office of Public Affairs, Central Office of Administration,
Academia Sinica pearlhuang@gate.sinica.edu.tw
(Tel) +886-2-2789-8820 (Fax) +886-2-2782-1551 (M) 0912-831-188
Ms. Mei-Hui LIN, Office of Public Affairs, Central Office of Administration,
Academia Sinica mhlin313@gate.sinica.edu.tw
(Tel) +886-2-2789-8821 (Fax) +886-2-2782-1551 (M) 0921-845-234

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