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Legal behavior is not incompatible with rational, self-interested behavior.
— Leonid Hurwicz
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LH
Leonid Hurwicz
mathematician, economist, university teacher
1917 – 2008
Leonid Hurwicz was a Polish–American economist and mathematician, known for his work in game theory and mechanism design. He originated the concept of incentive compatibility, and showed how desired outcomes can be achieved by using incentive compatible mechanism design. Hurwicz shared the 2007 Nobel Memorial Prize in Economic Sciences for his seminal work on mechanism design. Hurwicz was one of the oldest Nobel Laureates, having received the prize at the age of 90.
All Quotes by Leonid Hurwicz
“
Legal behavior is not incompatible with rational, self-interested behavior.
— Leonid Hurwicz
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There are two kinds of games in economics. One is the game where people use only legal moves. Then there is the true game, the one like real life, where the strategies and moves people make, some of them contain illegal gains.
— Leonid Hurwicz
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There were times when other people said I was on the short list, but as time passed and nothing happened, I didn’t expect the recognition would come because people who were familiar with my work were slowly dying off.
— Leonid Hurwicz
“
Legal behavior is not incompatible with rational, self-interested behavior.
— Leonid Hurwicz
“
There are two kinds of games in economics. One is the game where people use only legal moves. Then there is the true game, the one like real life, where the strategies and moves people make, some of them contain illegal gains.
— Leonid Hurwicz