In Honor of David Kreps, Winner of the John Bates Clark Medal
- (pp. 149-170)
AbstractDavid Kreps is the winner of the 1989 John Bates Clark Medal, given to "that American economist under forty who is adjudged to have made a significant contribution to economic thought and knowledge." I will try to explain where Kreps's contributions fit in the food chain of economic ideas, why they have a high nutritional content, and why they should be in the diet of the common economist. I will arbitrarily divide this review into three major themes of Kreps's work: individual decision making, game theory (foundational and applied), and asset pricing.
Citation1990. "In Honor of David Kreps, Winner of the John Bates Clark Medal." Journal of Economic Perspectives, 4(3): 149-170. DOI: 10.1257/jep.4.3.149
- 032 History of Economic Thought--Individuals
- 026 Theory of Uncertainty and Information